DUTY vs. WAR

Last updated Jul 18, 2026

DUTY (U.S. Defense ETF) and WAR (U.S. Global Technology and Aerospace & Defense ETF) are both Aerospace & Defense funds. DUTY is passively managed, while WAR is actively managed. At a 0.46 correlation, their price movements are largely independent. DUTY charges 0.45%/yr vs 0.60%/yr for WAR.

Performance

DUTY vs. WAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in U.S. Defense ETF (DUTY) and U.S. Global Technology and Aerospace & Defense ETF (WAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DUTY

• 1D: 0.06%
• 1M: 0.05%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

WAR

• 1D: -1.54%
• 1M: -11.89%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DUTY vs. WAR - Yearly Performance Comparison

	2026 (YTD)
DUTY U.S. Defense ETF	-2.61%
WAR U.S. Global Technology and Aerospace & Defense ETF	-14.63%

Correlation

The correlation between DUTY and WAR is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 26, 2026	0.46

DUTY vs. WAR - Sectors Allocation Comparison

Sectors	DUTY	WAR
Industrials	51.0%	36.5%
Technology	49.0%	61.4%
Basic Materials	-	-
Communication Services	-	2.2%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	2.7%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

DUTY vs. WAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for U.S. Defense ETF (DUTY) and U.S. Global Technology and Aerospace & Defense ETF (WAR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

DUTY vs. WAR - Drawdown Comparison

The maximum DUTY drawdown since its inception was -13.42%, smaller than the maximum WAR drawdown of -19.99%. Use the drawdown chart below to compare losses from any high point for DUTY and WAR.

Drawdown Indicators

	DUTY	WAR	Difference
Max Drawdown Largest peak-to-trough decline	-13.42%	-19.99%	+6.57%
Current Drawdown Current decline from peak	-7.34%	-19.99%	+12.65%
Average Drawdown Average peak-to-trough decline	-4.69%	-8.32%	+3.63%

Volatility

Volatility by Period

	DUTY	WAR	Difference
Volatility (1Y) Calculated over the trailing 1-year period	26.91%	48.26%	-21.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.91%	48.26%	-21.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.91%	48.26%	-21.35%

DUTY vs. WAR - Expense Ratio Comparison

DUTY has a 0.45% expense ratio, which is lower than WAR's 0.60% expense ratio.

Dividends

DUTY vs. WAR - Dividend Comparison

Neither DUTY nor WAR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DUTY and WAR in my portfolio?

DUTY and WAR have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DUTY or WAR?

On fees, DUTY is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DUTY or WAR?

DUTY is cheaper with a 0.45% expense ratio, compared with 0.60% for WAR.

Which ETF pays a higher dividend yield, DUTY or WAR?

DUTY and WAR have nearly identical dividend yields, around 0.00%.

What is the main difference between DUTY and WAR?

They also come from different issuers: Aura and US Global. Their fees differ too: 0.45% for DUTY and 0.60% for WAR.