WAR vs. DUTY

Last updated Jul 14, 2026

WAR (U.S. Global Technology and Aerospace & Defense ETF) and DUTY (U.S. Defense ETF) are both Aerospace & Defense funds. WAR is actively managed, while DUTY is passively managed. At a 0.43 correlation, their price movements are largely independent. WAR charges 0.60%/yr vs 0.45%/yr for DUTY.

Performance

WAR vs. DUTY - Performance Comparison

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

Returns By Period

WAR

• 1D: -4.30%
• 1M: -7.86%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DUTY

• 1D: -0.54%
• 1M: -0.39%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WAR vs. DUTY - Yearly Performance Comparison

	2026 (YTD)
WAR U.S. Global Technology and Aerospace & Defense ETF	-9.77%
DUTY U.S. Defense ETF	-2.47%

Correlation

The correlation between WAR and DUTY is 0.43, 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	0.43

WAR vs. DUTY - Sectors Allocation Comparison

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

Return for Risk

WAR vs. DUTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for U.S. Global Technology and Aerospace & Defense ETF (WAR) and U.S. Defense ETF (DUTY). 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

WAR vs. DUTY - Drawdown Comparison

The maximum WAR drawdown since its inception was -15.43%, which is greater than DUTY's maximum drawdown of -13.42%. Use the drawdown chart below to compare losses from any high point for WAR and DUTY.

Drawdown Indicators

	WAR	DUTY	Difference
Max Drawdown Largest peak-to-trough decline	-15.43%	-13.42%	-2.01%
Current Drawdown Current decline from peak	-15.43%	-7.20%	-8.23%
Average Drawdown Average peak-to-trough decline	-7.29%	-4.58%	-2.71%

Volatility

Volatility by Period

	WAR	DUTY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	49.13%	26.99%	+22.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.13%	26.99%	+22.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.13%	26.99%	+22.14%

WAR vs. DUTY - Expense Ratio Comparison

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

Dividends

WAR vs. DUTY - Dividend Comparison

Neither WAR nor DUTY has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WAR and DUTY in my portfolio?

WAR and DUTY have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WAR or DUTY?

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, WAR or DUTY?

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

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

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

What is the main difference between WAR and DUTY?

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