ALRG vs WEPN

Comparison between ALLSPRING LT LARGE CORE ETF (ALRG, ETF) and NICHOLAS DEFENSE AND RARE EARTH INCOME ETF (WEPN, ETF).

ALRG vs WEPN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ALRG(ETF)	WEPN(ETF)
Net Assets	$7.50M	$7.50M
Expense Ratio	0.28%	1.11%
Max Drawdown	9.27%	18.88%
Sharpe Ratio	1.26	-1.17
5Y Beta	0.97	1.50
P/E Ratio	32.09	101.87
Forward P/E	22.74	22.86
PEG Ratio	0.74	N/A
5Y EPS CAGR	24.45%	N/A
Debt to Equity	8.12%	49.80%
P/S Ratio	4.87	3.60
P/B Ratio	6.39	4.33

Net Assets

ALRG

$7.50M

WEPN

$7.50M

Expense Ratio

Winner

ALRG

0.28%

WEPN

1.11%

Max Drawdown

Winner

ALRG

9.27%

WEPN

18.88%

Sharpe Ratio

Winner

ALRG

1.26

WEPN

-1.17

5Y Beta

Winner

ALRG

0.97

WEPN

1.50

P/E Ratio

Winner

ALRG

32.09

WEPN

101.87

Forward P/E

Winner

ALRG

22.74

WEPN

22.86

PEG Ratio

ALRG

0.74

WEPN

N/A

5Y EPS CAGR

ALRG

24.45%

WEPN

N/A

Debt to Equity

Winner

ALRG

8.12%

WEPN

49.80%

P/S Ratio

ALRG

4.87

Winner

WEPN

3.60

P/B Ratio

ALRG

6.39

Winner

WEPN

4.33

ALRG vs WEPN - Holdings Comparison

ALRG and WEPN have 2 common holdings. Overlap is 0.72%

ALRG's top 25 holdings weight is 73.49%. WEPN's top 25 holdings weight is 94.31%.

Rank	ALRG	WEPN
#1	APPLE INC (AAPL) - 8.96%	PALO ALTO NETWORKS INC (PANW) - 9.90%
#2	MICROSOFT CORP (MSFT) - 6.28%	CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 9.26%
#3	ALPHABET INC CLASS C (GOOG) - 6.13%	INVESCO DB BASE METALS (DBB) - 6.55%
#4	BROADCOM INC (AVGO) - 4.96%	GENERAL DYNAMICS CORP (GD) - 4.28%
#5	AMAZON.COM INC (AMZN) - 4.88%	VANECK STEEL ETF (SLX) - 4.27%
#6	NVIDIA CORP (NVDA) - 3.46%	AXON ENTERPRISE INC (AXON) - 4.04%
#7	ELI LILLY AND CO (LLY) - 3.00%	n/a (PLTR) - 3.91%
#8	JPMORGAN CHASE & CO (JPM) - 2.98%	RTX CORP (RTX) - 3.85%
#9	ADVANCED MICRO DEVICES INC (AMD) - 2.93%	BWX TECHNOLOGIES INC (BWXT) - 3.74%
#10	META PLATFORMS INC CLASS A (META) - 2.76%	UNITED STATES COPPER INDEX (CPER) - 3.38%
#11	CITIGROUP INC (C) - 2.51%	L3HARRIS TECHNOLOGIES INC (LHX) - 3.27%
#12	SUNCOR ENERGY INC (SU) - 2.49%	OTHER ASSETS AND LIABILITIES (n/a) - 3.26%
#13	VISA INC CLASS A (V) - 2.17%	LOCKHEED MARTIN CORP (LMT) - 3.19%
#14	BOEING CO (BA) - 2.05%	CACI INTERNATIONAL INC CLASS A (CACI) - 3.16%
#15	TOTALENERGIES SE (n/a) - 1.90%	AEROVIRONMENT INC (AVAV) - 3.03%
#16	LAM RESEARCH CORP (LRCX) - 1.81%	GLOBAL X LITHIUM & BATTERY TECH ETF (LIT) - 3.02%
#17	ABBVIE INC (ABBV) - 1.78%	ABRDN PHYSICAL PLATINUM SHARES ETF (PPLT) - 3.00%
#18	RTX CORP (RTX) - 1.74%	ONDAS INC (ONDS) - 3.00%
#19	WASTE MANAGEMENT INC (WM) - 1.59%	NORTHROP GRUMMAN CORP (NOC) - 2.92%
#20	ALLSPRING GOVERNMENT MONEY MAR SELECT CLASS 3802 (n/a) - 1.57%	HUNTINGTON INGALLS INDUSTRIES INC (HII) - 2.62%
#21	BLACKSTONE INC (BX) - 1.55%	KRATOS DEFENSE & SECURITY SOLUTIONS INC (KTOS) - 2.38%
#22	MANULIFE FINANCIAL CORP (MFC) - 1.54%	GLOBAL X URANIUM ETF (URA) - 2.35%
#23	EATON CORP PLC (ETN) - 1.54%	n/a (SQM) - 2.05%
#24	KEYSIGHT TECHNOLOGIES INC (KEYS) - 1.47%	CASH OFFSET (n/a) - 2.03%
#25	MOTOROLA SOLUTIONS INC (MSI) - 1.44%	USA RARE EARTH INC (USAR) - 1.85%
Total Holdings	49	97

ALRG vs WEPN - Historical Returns

Returns include dividend reinvestment.

Period	ALRG	WEPN
1 month	+2.42%	-3.83%
3 months	+4.69%	-8.44%
6 months	+8.90%	N/A
1 year	+20.82%	N/A
Max(CAGR)	+21.82%	-31.62%

Winner

ALRG

+2.42%

WEPN

-3.83%

Winner

ALRG

+4.69%

WEPN

-8.44%

ALRG

+8.90%

WEPN

N/A

ALRG

+20.82%

WEPN

N/A

Max(CAGR)

Winner

ALRG

+21.82%

WEPN

-31.62%

ALRG vs WEPN - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	ALRG	WEPN
2026	+9.34%	-13.56%
2025	+11.95%	N/A

ALRG vs WEPN Drawdown Comparison

The maximum drawdown for ALRG was -9.27%, occurring on Mar 30, 2026. Recovery took 53 trading sessions.

The maximum drawdown for WEPN was -16.23%, occurring on Jul 20, 2026. This drawdown has not yet recovered.

The current ALRG drawdown is -1.07%. The current WEPN drawdown is -15.44%.

Rank	ALRG	WEPN
#1	-9.27% Jan 27, 2026 - Apr 14, 2026	-16.23% Jun 1, 2026 - Jul 20, 2026
#2	-5.04% Oct 28, 2025 - Nov 28, 2025	-15.13% Mar 4, 2026 - Jun 1, 2026
#3	-4.60% Jun 2, 2026 - Jul 15, 2026	N/A
#4	-3.21% Oct 8, 2025 - Oct 24, 2025	N/A
#5	-2.87% Dec 11, 2025 - Dec 24, 2025	N/A
#6	-2.26% Jul 28, 2025 - Aug 12, 2025	N/A
#7	-2.10% Jan 12, 2026 - Jan 26, 2026	N/A
#8	-1.94% Aug 14, 2025 - Aug 27, 2025	N/A
#9	-1.72% May 14, 2026 - May 26, 2026	N/A
#10	-1.54% Jul 15, 2026 - Jul 20, 2026	N/A
#11	-1.38% Sep 22, 2025 - Oct 6, 2025	N/A
#12	-1.27% Aug 28, 2025 - Sep 4, 2025	N/A
#13	-0.91% Apr 22, 2026 - Apr 30, 2026	N/A
#14	-0.79% Dec 24, 2025 - Jan 6, 2026	N/A
#15	-0.77% Apr 17, 2026 - Apr 22, 2026	N/A