SPYH vs WAR
Comparison between NEOS S&P 500(R) HEDGED EQUITY INCOME ETF (SPYH, ETF) and U.S. Global Technology and Aerospace & Defense ETF (WAR, ETF).
SPYH vs WAR - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
SPYH vs WAR - Holdings Comparison
SPYH and WAR have 6 common holdings. Overlap is 3.74%
SPYH's top 25 holdings weight is 51.64%. WAR's top 25 holdings weight is 89.95%.
| Rank | SPYH | WAR |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 8.29% | MICRON TECHNOLOGY INC (MU) - 10.31% |
| #2 | APPLE INC (AAPL) - 7.14% | ASTERA LABS INC (ALAB) - 9.47% |
| #3 | MICROSOFT CORP (MSFT) - 4.89% | MARVELL TECHNOLOGY INC (MRVL) - 7.64% |
| #4 | AMAZON.COM INC (AMZN) - 4.10% | ADVANCED MICRO DEVICES INC (AMD) - 7.36% |
| #5 | ALPHABET INC CLASS A (GOOGL) - 3.58% | MILDEF GROUP AB ORDINARY SHARES (n/a) - 6.40% |
| #6 | BROADCOM INC (AVGO) - 3.16% | AMPRIUS TECHNOLOGIES INC (AMPX) - 5.65% |
| #7 | ALPHABET INC CLASS C (GOOG) - 2.84% | DRONESHIELD LTD (n/a) - 4.79% |
| #8 | META PLATFORMS INC CLASS A (META) - 2.12% | AMBARELLA INC (AMBA) - 4.12% |
| #9 | TESLA INC (TSLA) - 1.92% | AEROVIRONMENT INC (AVAV) - 3.73% |
| #10 | MICRON TECHNOLOGY INC (MU) - 1.60% | AEROEDGE CO LTD (n/a) - 3.63% |
| #11 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.40% | NVIDIA CORP (NVDA) - 3.29% |
| #12 | ELI LILLY AND CO (LLY) - 1.34% | PALANTIR TECHNOLOGIES INC ORDINARY SHARES CLASS A (PLTR) - 2.99% |
| #13 | JPMORGAN CHASE & CO (JPM) - 1.31% | SANDISK CORP ORDINARY SHARES (SNDK) - 2.98% |
| #14 | ADVANCED MICRO DEVICES INC (AMD) - 1.30% | WOODWARD INC (WWD) - 2.95% |
| #15 | EXXON MOBIL CORP (XOM) - 0.99% | TELOS CORP ORDINARY SHARES (TLS) - 2.93% |
| #16 | INTEL CORP (INTC) - 0.90% | BOEING CO (BA) - 2.71% |
| #17 | JOHNSON & JOHNSON (JNJ) - 0.88% | LOCKHEED MARTIN CORP (LMT) - 2.59% |
| #18 | VISA INC CLASS A (V) - 0.87% | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 2.29% |
| #19 | WALMART INC (WMT) - 0.82% | INNOVATIVE SOLUTIONS AND SUPPORT INC (ISSC) - 2.19% |
| #20 | CISCO SYSTEMS INC (CSCO) - 0.74% | NEBIUS GROUP NV SHS CLASS-A- (NBIS) - 1.93% |
| #21 | AMGEN INC (AMGN) - 0.30% | N/A |
| #22 | THE WALT DISNEY CO (DIS) - 0.30% | N/A |
| #23 | WESTERN DIGITAL CORP (WDC) - 0.29% | N/A |
| #24 | TJX COMPANIES INC (TJX) - 0.28% | N/A |
| #25 | AT&T INC (T) - 0.28% | N/A |
| Total Holdings | 451 | 20 |
SPYH vs WAR - Historical Returns
Returns include dividend reinvestment.
SPYH vs WAR - Annual Returns (2025 - 2026)
Returns include dividend reinvestment.
| Year | SPYH | WAR |
|---|---|---|
| 2026 | +4.01% | -4.80% |
| 2025 | +21.08% | N/A |
SPYH vs WAR Drawdown Comparison
The maximum drawdown for SPYH was -6.39%, occurring on Apr 8, 2025. Recovery took 4 trading sessions.
The maximum drawdown for WAR was -9.05%, occurring on Jun 5, 2026. This drawdown has not yet recovered.
The current SPYH drawdown is -1.81%. The current WAR drawdown is -9.05%.
| Rank | SPYH | WAR |
|---|---|---|
| #1 | -6.39% Apr 3, 2025 - Apr 9, 2025 | -9.05% Jun 2, 2026 - Jun 5, 2026 |
| #2 | -6.03% Feb 25, 2026 - Apr 17, 2026 | -1.63% May 28, 2026 - Jun 2, 2026 |
| #3 | -4.20% Apr 9, 2025 - Apr 24, 2025 | -1.24% May 26, 2026 - May 28, 2026 |
| #4 | -3.28% Oct 28, 2025 - Nov 28, 2025 | N/A |
| #5 | -1.95% Oct 8, 2025 - Oct 20, 2025 | N/A |
| #6 | -1.81% Jun 2, 2026 - Jun 5, 2026 | N/A |
| #7 | -1.79% Dec 11, 2025 - Dec 22, 2025 | N/A |
| #8 | -1.71% Jan 12, 2026 - Jan 27, 2026 | N/A |
| #9 | -1.56% Feb 2, 2026 - Feb 9, 2026 | N/A |
| #10 | -1.54% May 16, 2025 - Jun 3, 2025 | N/A |
| #11 | -1.46% Jul 28, 2025 - Aug 8, 2025 | N/A |
| #12 | -1.18% Feb 9, 2026 - Feb 25, 2026 | N/A |
| #13 | -0.93% Dec 26, 2025 - Jan 6, 2026 | N/A |
| #14 | -0.92% Aug 13, 2025 - Aug 22, 2025 | N/A |
| #15 | -0.90% May 14, 2026 - May 22, 2026 | N/A |
Correlation
Correlation between SPYH and WAR is 1.00 which considered as a very strong positive correlation - the stocks move almost identically together.
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