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AMMO vs XAR

VistaShares Defense Supercycle ETF

AMMODNYSE Arca

State Street SPDR S&P Aerospace & Defense ETF

XARANYSE Arca

Overlap

27.2%by weight

Expense ratio

XAR −0.40pt a year

AMMO0.75%XAR0.35%

Avg volume · 30D

XAR 113.0×the volume

AMMO2.59KXAR293K

AMMO vs XAR Performance

Jul 31, 2026 – Nov 2, 2026

−10.3%AMMO−12.7%XAR

Jul 31, 2026 to Nov 2, 2026. AMMO −10.3%. XAR −12.7%. Use the arrow keys to read each point.−5%0%5%10%15%Jul 2026Sep 2026Nov 2026
Expense ratio
AMMO 0.75%
XAR 0.35%, better
Fund size
AMMO $3M
XAR $5.3B
1Y total return
AMMO No data
XAR −6.9%
Yield (12M)
AMMO No data
XAR 0.18%
Holdings
AMMO 55
XAR 51
Avg volume (30D)
AMMO 2.59K sh
XAR 293K sh, better
NAV per share
AMMO $22.96
XAR $235.33
52W range

ETF.net Grade

AMMO: Cost 16, Risk 31, Mission not scored, Tradability 31, Holdings 87, Durability 16. XAR: Cost 92, Risk 31, Mission not scored, Tradability 90, Holdings 87, Durability 93.
Pillar letters and Scores for AMMO, XAR, with each pillar’s weight
PillarAMMOXAR
Cost30% weightF16A92Higher
Mission25% weightNot scoredNot scored
Risk15% weightD31D31
Tradability15% weightD31A90Higher
Holdings10% weightA87A87
Durability5% weightF16A93Higher

Rank among Defense & Aerospace funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. AMMO and XAR are both graded against the same 25 Defense & Aerospace funds, so their Grades compare head to head.

Defense & Aerospace⁠

Category · 25 funds
See all 25 ›

XAR ranks 1st and AMMO 21st of 25 funds in the Defense & Aerospace Category.

  1. Rank 1AXARState Street SPDR S&P Aerospace & Defense ETFScore 78
  2. Rank 2AITAiShares U.S. Aerospace & Defense ETFScore 74
  3. Rank 20DARMYTema International Defense Innovation ETFScore 32
  4. Rank 21DAMMOVistaShares Defense Supercycle ETFScore 31
  5. Rank 22DJEDIDrone and Modern Warfare ETFScore 29

Our read on each fund

ETF.net Research

AMMODVistaShares Defense Supercycle ETF

XARAState Street SPDR S&P Aerospace & Defense ETF

In short

AMMO No data

XAR Most defense funds hand the wheel to a handful of giant primes. XAR spreads its roughly 50 aerospace and defense names close to equal weight, so a mid cap parts maker carries about the same load as a household-name contractor.

Stated mandate

AMMO No data

XAR The fund seeks to track, before fees and expenses, the total return performance of the S&P Aerospace & Defense Select Industry Index.

Why people hold it

AMMO No data

  • XAR Modified equal weighting keeps any single prime contractor from running the show: large, mid and small cap names carry similar weight in the index.ssga.com
  • Costs 0.35% a year, under the 0.50% typical of defense funds and a hair below ITA at 0.37%. Cheap for a targeted industry bet.
  • Trading since 2011 and now a multi-billion-dollar fund, it is one of the most established and best-built ways to own the US aerospace and defense industry.
  • About 50 US-listed aerospace and defense stocks pulled from the S&P Total Market Index, so suppliers and smaller specialists sit alongside the famous names.ssga.com

Worth knowing

AMMO No data

  • XAR One industry, tied to government budgets and order cycles. Expect bigger swings than a broad market fund.
  • Equal weighting leans on smaller suppliers, which cuts both ways: less of the fund rides the megacap primes when those lead.ssga.com
  • Distributions land quarterly, but this is an industry growth basket, not an income vehicle.

Full AMMO profile⁠

Full XAR profile⁠

AMMO vs XAR Holdings

How AMMO and XAR differ

Overlap by weight

27.2%

Shared holdings make up 41.4% of XAR and 29.0% of AMMO.

Level by level

  • Holdings17 in both27.2%
  • Countryby domicile44.2%
  • Asset classEquity100%

Sector

No Sector split for XAR.

Country, concentration and asset class

Country by domicile

Country weights in AMMO and XAR, widest gap first
CountryMore in AMMOMore in XAR
United StatesXAR +55.8 points
GermanyAMMO +11.9 points
United KingdomAMMO +8.5 points
SwedenAMMO +6.8 points
South KoreaAMMO +5.9 points
NorwayAMMO +5.8 points
IsraelAMMO +4.5 points
ItalyAMMO +3.5 points
Other countries (5)AMMO +8.9 points

Outside the US: AMMO 79% developed, 21% emerging.

Concentration

Weight in the 10 largest Holdings

  • AMMO33.8%
  • XAR32.3%

Securities held

  • AMMO54
  • XAR50

Asset class

AMMO
Equity
XAR
Equity

Holdings

  • Only in AMMO37
  • In both17
  • Only in XAR33

Only in AMMO

37 securities, 72.7% of AMMO by weight

  • Mildef Group AB4.46%
  • Rheinmetall AG4.04%
  • Cohort PLC3.57%

Only in XAR

33 securities, 58.5% of XAR by weight

  • Lockheed Martin Corp3.63%
  • Huntington Ingalls Industrie3.33%
  • Textron Inc3.24%

Weight gaps

All 17 Holdings in both funds, largest gap first.

Holding weights in AMMO and XAR, widest gap first
HoldingMore in AMMOMore in XAR
Howmet Aerospace IncHWMXAR +1.84 points
Karman Holdings IncKRMNXAR +1.76 points
RTX CorpRTXXAR +1.46 points
Rocket Lab CorpRKLBXAR +1.29 points
BWX Technologies IncBWXTXAR +1.12 points
Ducommun IncDCOAMMO +0.98 points
Curtiss-Wright CorpCWXAR +0.94 points
Moog IncMOG.AXAR +0.78 points

All 56 AMMO holdings⁠All 50 XAR holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AMMO vs XAR Cost

Overpaying AMMO vs XAR

$7,356

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • AMMO 0.75%

    $14,482

  • XAR 0.35%

    $7,126

$10,000
30 years

Cost over time

  • AMMO 0.75%
  • XAR 0.35%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530AMMO $14,482XAR $7,126

Year by year

YearAMMOXAROverpaying
10$1,336$634$702
20$5,078$2,454$2,624
30$14,482$7,126$7,356

Expense ratio

  • 0.75%AMMO
  • 0.35%XAR, cheaper
  • Middle half of Defense & Aerospace funds
  • Median 0.50%

XAR cheapest of 25 funds

AMMO 21st cheapest of 25 funds

AMMO vs XAR Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
AMMO No data
XAR 0.18%
Payout (12M)
AMMO None
XAR $0.42
Last payment
AMMO No data
XAR $0.13
Ex-dividend
AMMO No data
XAR Sep 21, 2026
Paid on
AMMO No data
XAR Sep 23, 2026
Frequency
AMMO No data
XAR Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

AMMOAll AMMO payments⁠

No distribution history available.

XARQuarterly · 39 paymentsAll XAR payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.13; Jun 16, 2017 $0.10; Sep 15, 2017 $0.31; Dec 15, 2017 $0.09; Mar 16, 2018 $0.12; Jun 15, 2018 $0.09; Sep 21, 2018 $0.59; Dec 24, 2018 $0.14; Mar 18, 2019 $0.16; Jun 24, 2019 $0.13; Sep 23, 2019 $0.40; Dec 23, 2019 $0.13; Mar 23, 2020 $0.43; Jun 22, 2020 $0.09; Sep 21, 2020 $0.09; Dec 21, 2020 $0.10; Mar 22, 2021 $0.65; Jun 21, 2021 $0.12; Sep 20, 2021 $0.09; Dec 20, 2021 $0.12; Mar 21, 2022 $0.13; Jun 21, 2022 $0.12; Sep 19, 2022 $0.20; Dec 19, 2022 $0.10; Mar 20, 2023 $0.12; Jun 20, 2023 $0.14; Sep 18, 2023 $0.12; Dec 18, 2023 $0.35; Mar 18, 2024 $0.16; Jun 24, 2024 $0.16; Sep 23, 2024 $0.21; Dec 23, 2024 $0.57; Mar 24, 2025 $0.19; Jun 23, 2025 $0.13; Sep 22, 2025 $0.52; Dec 22, 2025 $0.12; Mar 23, 2026 $0.11; Jun 22, 2026 $0.06; Sep 21, 2026 $0.13. Use the arrow keys to read each point.$0$0.502017202020232026YTD

AMMO vs XAR Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AMMO No dataXAR 23.1%
Return per unit of riskSharpe ratio, 3 years
AMMO No dataXAR 0.93
Worst fallMax drawdown, 5 years
AMMO No dataXAR −27.6%
Market sensitivityBeta, 5 years
AMMO 0.00XAR 1.26

AMMO and XAR in the news

All news⁠

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