WAR vs SPY
Comparison between U.S. Global Technology and Aerospace & Defense ETF (WAR, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
WAR vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
WAR
$41M
Winner
SPY
$781B
Expense Ratio
WAR
0.60%
Winner
SPY
0.09%
Max Drawdown
Winner
WAR
19.99%
SPY
56.47%
Sharpe Ratio
WAR
-1.49
Winner
SPY
1.25
5Y Beta
WAR
2.76
Winner
SPY
1.00
P/E Ratio
WAR
162.76
Winner
SPY
28.78
Forward P/E
WAR
25.94
Winner
SPY
21.23
PEG Ratio
WAR
0.16
SPY
N/A
5Y Dividends CAGR
WAR
N/A
SPY
6.00%
5Y EPS CAGR
WAR
N/A
SPY
25.62%
Debt to Equity
Winner
WAR
12.10%
SPY
31.92%
P/S Ratio
WAR
12.49
Winner
SPY
3.76
P/B Ratio
WAR
16.37
Winner
SPY
5.64
WAR vs SPY - Holdings Comparison
WAR and SPY have 11 common holdings. Overlap is 7.54%
WAR's top 25 holdings weight is 97.23%. SPY's top 25 holdings weight is 51.74%.
| Rank | WAR | SPY |
|---|---|---|
| #1 | AXON ENTERPRISE INC (AXON) - 9.44% | NVIDIA CORP (NVDA) - 7.89% |
| #2 | MICRON TECHNOLOGY INC (MU) - 8.07% | APPLE INC (AAPL) - 7.37% |
| #3 | MILDEF GROUP AB ORDINARY SHARES (n/a) - 7.95% | MICROSOFT CORP (MSFT) - 4.50% |
| #4 | ASTERA LABS INC (ALAB) - 7.85% | AMAZON.COM INC (AMZN) - 3.82% |
| #5 | DRONESHIELD LTD (n/a) - 5.30% | ALPHABET INC CLASS A (GOOGL) - 3.33% |
| #6 | ROLLS-ROYCE HOLDINGS PLC ADR (RYCEY) - 4.38% | BROADCOM INC (AVGO) - 2.86% |
| #7 | NVIDIA CORP (NVDA) - 4.28% | ALPHABET INC CLASS C (GOOG) - 2.68% |
| #8 | THEON INTERNATIONAL PLC (n/a) - 4.09% | META PLATFORMS INC CLASS A (META) - 2.29% |
| #9 | CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 4.08% | TESLA INC (TSLA) - 1.70% |
| #10 | PALANTIR TECHNOLOGIES INC ORDINARY SHARES CLASS A (PLTR) - 4.04% | MICRON TECHNOLOGY INC (MU) - 1.56% |
| #11 | TERADYNE INC (TER) - 4.00% | JPMORGAN CHASE & CO (JPM) - 1.42% |
| #12 | LATTICE SEMICONDUCTOR CORP (LSCC) - 3.94% | ELI LILLY AND CO (LLY) - 1.40% |
| #13 | INTUITIVE MACHINES INC ORDINARY SHARES CLASS A (LUNR) - 3.83% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37% |
| #14 | KARMAN HOLDINGS INC (KRMN) - 3.76% | ADVANCED MICRO DEVICES INC (AMD) - 1.32% |
| #15 | BE SEMICONDUCTOR INDUSTRIES NV (n/a) - 3.72% | EXXONMOBIL HOLDINGS CORP (XOM) - 0.92% |
| #16 | ELECTRO OPTIC SYSTEMS HLDGS LTD (n/a) - 3.55% | JOHNSON & JOHNSON (JNJ) - 0.91% |
| #17 | CLOUDFLARE INC (NET) - 2.67% | VISA INC CLASS A (V) - 0.90% |
| #18 | SANDISK CORP ORDINARY SHARES (SNDK) - 2.55% | WALMART INC (WMT) - 0.76% |
| #19 | AMPRIUS TECHNOLOGIES INC (AMPX) - 2.31% | INTEL CORP (INTC) - 0.75% |
| #20 | TENABLE HOLDINGS INC (TENB) - 2.11% | APPLIED MATERIALS INC (AMAT) - 0.70% |
| #21 | AMPHENOL CORP CLASS A (APH) - 1.16% | CISCO SYSTEMS INC (CSCO) - 0.68% |
| #22 | CREDO TECHNOLOGY GROUP HOLDING LTD (CRDO) - 1.15% | MASTERCARD INC CLASS A (MA) - 0.66% |
| #23 | NEBIUS GROUP NV SHS CLASS-A- (NBIS) - 1.12% | ABBVIE INC (ABBV) - 0.66% |
| #24 | LUMENTUM HOLDINGS INC (LITE) - 1.02% | CATERPILLAR INC (CAT) - 0.65% |
| #25 | CORE SCIENTIFIC INC ORDINARY SHARES NEW (CORZ) - 0.86% | LAM RESEARCH CORP (LRCX) - 0.64% |
| Total Holdings | 31 | 505 |
WAR vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
WAR
-10.15%
Winner
SPY
+0.52%
3M
WAR
N/A
SPY
+6.55%
6M
WAR
N/A
SPY
+9.76%
1Y
WAR
N/A
SPY
+20.32%
5Y(CAGR)
WAR
N/A
SPY
+13.01%
10Y(CAGR)
WAR
N/A
SPY
+15.06%
Max(CAGR)
WAR
-55.05%
Winner
SPY
+8.50%
WAR vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | WAR | SPY |
|---|---|---|
| 2026 | -11.54% | +10.11% |
| 2025 | N/A | +18.00% |
| 2024 | N/A | +25.59% |
| 2023 | N/A | +26.72% |
| 2022 | N/A | -18.64% |
| 2021 | N/A | +30.52% |
| 2020 | N/A | +17.28% |
| 2019 | N/A | +31.09% |
| 2018 | N/A | -5.24% |
| 2017 | N/A | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
WAR vs SPY Drawdown Comparison
The maximum drawdown for WAR was -19.99%, occurring on Jul 17, 2026. This drawdown has not yet recovered.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current WAR drawdown is -15.49%. The current SPY drawdown is -1.24%.
| Rank | WAR | SPY |
|---|---|---|
| #1 | -19.99% Jun 2, 2026 - Jul 17, 2026 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -1.63% May 28, 2026 - Jun 2, 2026 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -1.24% May 26, 2026 - May 28, 2026 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | N/A | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | N/A | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | N/A | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | N/A | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | N/A | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | N/A | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | N/A | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | N/A | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | N/A | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | N/A | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | N/A | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | N/A | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between WAR and SPY is 0.50 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
0.50
-101
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