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FLDZ vs WDEF

TrueShares Patriot Defense ETF

FLDZBCboe

WisdomTree Europe Defense Fund

WDEFCNYSE Arca

Overlap

Expense ratio

FLDZ −0.05pt a year

FLDZ0.40%WDEF0.45%

Avg volume · 30D

WDEF 223.0×the volume

FLDZ125WDEF27.9K

FLDZ vs WDEF Performance

Oct 31, 2025 – Oct 30, 2026

−7.5%FLDZ−4.9%WDEF

Oct 31, 2025 to Oct 30, 2026. FLDZ −7.5%. WDEF −4.9%. Use the arrow keys to read each point.0%5%10%15%20%Oct 2025Apr 2026Oct 2026
Expense ratio
FLDZ 0.40%, better
WDEF 0.45%
Fund size
FLDZ $7M
WDEF $84M
1Y total return
FLDZ −7.5%
WDEF −4.9%, better
Yield (12M)
FLDZ 1.69%
WDEF No data
Holdings
FLDZ 66
WDEF 51
Avg volume (30D)
FLDZ 125 sh
WDEF 27.9K sh, better
NAV per share
FLDZ $27.37
WDEF $29.17
52W range

ETF.net Grade

FLDZ: Cost 76, Risk 42, Mission 42, Tradability 36, Holdings 92, Durability 62. WDEF: Cost 66, Risk 35, Mission not scored, Tradability 48, Holdings 23, Durability 61.
Pillar letters and Scores for FLDZ, WDEF, with each pillar’s weight
PillarFLDZWDEF
Cost30% weightA76HigherB66
Mission25% weightC42Not scored
Risk15% weightC42HigherD35
Tradability15% weightD36C48Higher
Holdings10% weightA92HigherF23
Durability5% weightB62HigherB61

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. FLDZ and WDEF 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 ›

FLDZ ranks 3rd and WDEF 10th 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 3BFLDZTrueShares Patriot Defense ETFScore 62
  4. Rank 4BFOWFPacer Solactive Whitney Future of Warfare ETFScore 61
  5. Rank 9CMISLFirst Trust Indxx Aerospace & Defense ETFScore 53
  6. Rank 10CWDEFWisdomTree Europe Defense FundScore 50
  7. Rank 11CEUADSelect STOXX Europe Aerospace & Defense ETFScore 48

Our read on each fund

ETF.net Research

FLDZBTrueShares Patriot Defense ETF

WDEFCWisdomTree Europe Defense Fund

In short

FLDZ A defense-stock ETF with an unusual arrangement: the adviser's management fee, less fund expenses, goes to the Folds of Honor Foundation. Launched in 2021 as a patriot-themed core equity fund, it now runs an active, concentrated book of aerospace and defense names.

WDEF Most defense ETFs are a bet on US primes. WDEF goes the other way: a passive index of European-listed defense companies, weighted more heavily the more of their revenue actually comes from defense.

Stated mandate

FLDZ The Fund seeks capital growth.

WDEF The Fund is designed to follow the pre-expense price and yield results of the WisdomTree Europe Defense Index. It uses passive indexing and generally applies representative sampling to pursue that objective.

Why people hold it

  • FLDZ The adviser's management fee, less fund operating expenses, goes to Folds of Honor, a charity funding scholarships for families of fallen or disabled service members and first responders.true-shares.comtrue-shares.com 2
  • Charges 0.40% a year, below the median for its actively managed US stock peers. The charitable angle does not arrive with a premium price tag attached.
  • The mandate is spelled out: at least 80% of net assets in aerospace and defense companies as classified by GICS, with a policy of concentrating in that industry. No guessing what you own.sec.gov
  • WDEF Pure European exposure: the index only takes companies domiciled and listed in developed European markets that derive at least 10% of revenue from defense-related activities.wisdomtree.com
  • Conviction weighting, not just size: over 50% defense revenue earns a 3x weight multiplier, 25-50% earns 2x. Pure-plays outrank sprawling conglomerates.wisdomtree.com
  • Costs 0.45% a year, below the 0.50% median for the defense-theme funds we track.
  • Built-in guardrails: $300M minimum free float and $2M median daily dollar volume to qualify, plus per-name weight caps so one runaway winner can't swallow the basket.wisdomtree.comdividend.com

Worth knowing

  • FLDZ The strategy was rewritten in 2026 from broad US-economy equities to defense companies, so the fund's older track record reflects a different portfolio.sec.govsec.gov 2
  • Non-diversified and concentrated in one industry, so a single contract award or budget headline moves it more than it would a broad market fund.sec.gov
  • A small fund that trades thinly, so bid-ask spreads tend to run wider than on heavily traded ETFs. Limit orders matter more here.
  • WDEF Launched in July 2025, so any read on its risk profile rests on a short live record.
  • A smaller fund that trades thinly. Spreads can widen, so limit orders do real work here.
  • One theme, foreign-listed shares: currency moves feed into dollar returns, and broad US defense funds like XAR (0.35%) and ITA (0.37%) charge less.wisdomtree.com

Full FLDZ profile⁠

Full WDEF profile⁠

FLDZ vs WDEF 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.

FLDZ vs WDEF Cost

Overpaying WDEF vs FLDZ

$951

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

  • FLDZ 0.40%

    $8,090

  • WDEF 0.45%

    $9,041

$10,000
30 years

Cost over time

  • FLDZ 0.40%
  • WDEF 0.45%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530WDEF $9,041FLDZ $8,090

Year by year

YearFLDZWDEFOverpaying
10$723$812$89
20$2,793$3,128$335
30$8,090$9,041$951

Expense ratio

  • 0.40%FLDZ, cheaper
  • 0.45%WDEF
  • Middle half of Defense & Aerospace funds
  • Median 0.50%

FLDZ 6th cheapest of 25 funds

WDEF 7th cheapest of 25 funds

FLDZ vs WDEF Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FLDZ 1.69%
WDEF No data
Payout (12M)
FLDZ $0.45
WDEF No data
Last payment
FLDZ $0.45
WDEF $0.02
Ex-dividend
FLDZ Dec 24, 2025
WDEF Dec 26, 2025
Paid on
FLDZ Dec 26, 2025
WDEF Dec 30, 2025
Frequency
FLDZ Annual
WDEF Irregular

Distribution history

Per share, 2022 to 2026, same scale for both

FLDZAnnual · 4 paymentsAll FLDZ payments⁠
One bar per payment. 4 payments from 2022 to 2026 YTD. Dec 29, 2022 $0.33; Dec 27, 2023 $0.33; Dec 27, 2024 $0.32; Dec 24, 2025 $0.45. Use the arrow keys to read each point.$0$0.5020232026YTD
WDEFIrregular · 1 paymentAll WDEF payments⁠
One bar per payment. 1 payment from 2022 to 2026 YTD. Dec 26, 2025 $0.02. Use the arrow keys to read each point.$0$0.5020232026YTD

FLDZ vs WDEF Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
FLDZ 14.5%WDEF 31.2%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
FLDZ 0.35WDEF 0.04since Aug 2025
Worst fallMax drawdown, 5 years
FLDZ −25.1%since Jan 2022WDEF −23.9%since Jul 2025
Market sensitivityBeta, 5 years
FLDZ 0.77WDEF 0.53

FLDZ and WDEF in the news

All news⁠

Popular comparisons

  • FLDZBvsXARA

    TrueShares Patriot Defense ETF · State Street SPDR S&P Aerospace & Defense ETF

    Expense ratio
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  • WDEFCvsXARA

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