{
  "page": "compare",
  "query": {
    "a": "DFEN",
    "b": "NATO"
  },
  "retrieved_at": "2026-07-07T19:23:34+00:00",
  "disclaimer": "Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them.",
  "attribution": "Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC.",
  "terms": {
    "notice": "Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed.",
    "url": "https://fundwatcher.app/terms/"
  },
  "fund_a": {
    "name": "Direxion Daily Aerospace & Defense Bull 3X Shares",
    "ticker": "DFEN",
    "slug": "DFEN",
    "series_id": "S000057185",
    "html_url": "https://fundwatcher.app/funds/DFEN/"
  },
  "fund_b": {
    "name": "Themes Transatlantic Defense ETF",
    "ticker": "NATO",
    "slug": "NATO",
    "series_id": "S000085497",
    "html_url": "https://fundwatcher.app/funds/NATO/"
  },
  "overlap": {
    "coverage_a_by_b": "0.5140225508398348040070878170",
    "coverage_b_by_a": "0.5140225508398348040070878170",
    "shared_count": 34,
    "as_of": {
      "a": "2026-04-30",
      "b": "2026-03-31"
    },
    "a_top": [
      {
        "name": "DREYFUS GOVT CASH MGMT FUND",
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        "shared": false
      },
      {
        "name": "GENERAL ELECTRIC CO",
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      },
      {
        "name": "RTX CORP",
        "value": "39037183.98",
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      },
      {
        "name": "BOEING CO/THE",
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      },
      {
        "name": "GOLDMAN SACHS FIN GOV 465 INSTITUT",
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      },
      {
        "name": "GOLDMAN FINL SQ TRSRY INST 506",
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      },
      {
        "name": "GENERAL DYNAMICS CORPORATION",
        "value": "12362091.50",
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      },
      {
        "name": "HOWMET AEROSPACE INC",
        "value": "12270117.44",
        "weight": "0.03283571",
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      },
      {
        "name": "US ULTRA BOND CBT Sep25",
        "value": "11965055.07",
        "weight": "0.03201934",
        "shared": false
      },
      {
        "name": "TRANSDIGM GROUP INC",
        "value": "11711158.08",
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      },
      {
        "name": "L3HARRIS TECHNOLOGIES INC",
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      },
      {
        "name": "LOCKHEED MARTIN CORP",
        "value": "10132529.14",
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      },
      {
        "name": "NORTHROP GRUMMAN CORP",
        "value": "10041229.44",
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      },
      {
        "name": "ROCKET LAB CORP",
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      },
      {
        "name": "AXON ENTERPRISE INC",
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      },
      {
        "name": "CURTISS WRIGHT CORPORATION",
        "value": "5784646.40",
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      },
      {
        "name": "FTAI AVIATION LT",
        "value": "5580124.50",
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      },
      {
        "name": "WOODWARD INC",
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      {
        "name": "CARPENTER TECHNOLOGY CORP",
        "value": "4647254.60",
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        "name": "ATI INC",
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      {
        "name": "TEXTRON INC",
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      },
      {
        "name": "HEICO CORP CL A",
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      },
      {
        "name": "HUNTINGTON INGALLS INDUSTRIES INC",
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      },
      {
        "name": "KRATOS DEFENSE and SEC SOLTN INC",
        "value": "2536186.25",
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      },
      {
        "name": "HEICO CORP",
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      },
      {
        "name": "MOOG INC-CLASS A",
        "value": "1866012.83",
        "weight": "0.00499358",
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      },
      {
        "name": "HEXCEL CORPORATION",
        "value": "1551671.10",
        "weight": "0.00415238",
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      },
      {
        "name": "AEROVIRONMENT INC",
        "value": "1351683.62",
        "weight": "0.00361720",
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      },
      {
        "name": "DREYFUS TRSRY SECURITIES CASH MGMT",
        "value": "1209609.19",
        "weight": "0.00323700",
        "shared": false
      },
      {
        "name": "KARMAN HOLDINGS INC",
        "value": "1136829.54",
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      },
      {
        "name": "VSE CORP",
        "value": "1077120.32",
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      {
        "name": "STANDARDAERO INC",
        "value": "1027264.92",
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      {
        "name": "AAR CORP",
        "value": "938807.22",
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      },
      {
        "name": "MERCURY SYSTEMS INC",
        "value": "908017.37",
        "weight": "0.00242992",
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      },
      {
        "name": "ARCHER AVIATION INC A",
        "value": "769630.68",
        "weight": "0.00205959",
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      },
      {
        "name": "LEONARDO DRS INC",
        "value": "682990.30",
        "weight": "0.00182773",
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      },
      {
        "name": "INTUITIVE MACHINES INC A",
        "value": "620948.25",
        "weight": "0.00166170",
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      },
      {
        "name": "ASTRONICS CORP",
        "value": "491946.00",
        "weight": "0.00131648",
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      },
      {
        "name": "LOAR HOLDINGS INC",
        "value": "434986.12",
        "weight": "0.00116405",
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      {
        "name": "DUCOMMUN INC",
        "value": "425222.28",
        "weight": "0.00113793",
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      },
      {
        "name": "V2X INC",
        "value": "302839.46",
        "weight": "0.00081042",
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      },
      {
        "name": "RED CAT HOLDINGS INC",
        "value": "268235.64",
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      {
        "name": "CADRE HOLDINGS I",
        "value": "186528.15",
        "weight": "0.00049916",
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      },
      {
        "name": "NATL PRESTO INDS",
        "value": "161235.52",
        "weight": "0.00043148",
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      },
      {
        "name": "REDWIRE CORP",
        "value": "155421.28",
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      },
      {
        "name": "STURM RUGER & CO",
        "value": "150702.12",
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      {
        "name": "SMITH & WESSON B",
        "value": "150644.76",
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      {
        "name": "BETA TECHNOLOGIES INC",
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    ],
    "b_top": [
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        "name": "RTX CORP",
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      },
      {
        "name": "GENERAL ELECTRIC CO",
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      },
      {
        "name": "BOEING CO/THE",
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      },
      {
        "name": "ROLLS-ROYCE HOLDINGS PLC",
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      {
        "name": "LOCKHEED MARTIN CORP",
        "value": "5874066.41",
        "weight": "0.05766988",
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      },
      {
        "name": "HONEYWELL INTL INC",
        "value": "5493207.09",
        "weight": "0.05393071",
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      },
      {
        "name": "SAFRAN SA",
        "value": "5338621.06",
        "weight": "0.05241303",
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      },
      {
        "name": "Airbus SE",
        "value": "5175773.36",
        "weight": "0.05081424",
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      },
      {
        "name": "NORTHROP GRUMMAN CORP",
        "value": "4807063.04",
        "weight": "0.04719435",
        "shared": true
      },
      {
        "name": "HOWMET AEROSPACE INC",
        "value": "4534530.96",
        "weight": "0.04451871",
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      },
      {
        "name": "BAE SYSTEMS PLC",
        "value": "4335734.33",
        "weight": "0.04256698",
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      },
      {
        "name": "RHEINMETALL AG",
        "value": "3775041.03",
        "weight": "0.03706225",
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      },
      {
        "name": "GENERAL DYNAMICS CORPORATION",
        "value": "3752424.26",
        "weight": "0.03684021",
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      {
        "name": "L3HARRIS TECHNOLOGIES INC",
        "value": "3190911.75",
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      },
      {
        "name": "TRANSDIGM GROUP INC",
        "value": "3153530.16",
        "weight": "0.03096044",
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      },
      {
        "name": "ROCKET LAB CORP",
        "value": "1546738.70",
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      },
      {
        "name": "AXON ENTERPRISE INC",
        "value": "1539925.94",
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      },
      {
        "name": "TELEDYNE TECHNOLOGIES INC",
        "value": "1388497.95",
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      },
      {
        "name": "LEONARDO SPA",
        "value": "1302807.34",
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      },
      {
        "name": "CURTISS WRIGHT CORPORATION",
        "value": "1260072.00",
        "weight": "0.01237102",
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      },
      {
        "name": "THALES SA",
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      },
      {
        "name": "FTAI AVIATION LTD",
        "value": "1228920.00",
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      },
      {
        "name": "SAAB AB-B",
        "value": "969602.32",
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      },
      {
        "name": "MTU AERO ENGINES",
        "value": "950251.98",
        "weight": "0.00932930",
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      },
      {
        "name": "BWX TECHNOLOGIES INC",
        "value": "928384.60",
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      },
      {
        "name": "TEXTRON INC",
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      },
      {
        "name": "BOMBARDIER INC-B",
        "value": "755515.38",
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      {
        "name": "HUNTINGTON INGALLS INDUSTRIES INC",
        "value": "715351.70",
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      },
      {
        "name": "KRATOS DEFENSE and SEC SOLTN INC",
        "value": "577053.84",
        "weight": "0.00566535",
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      },
      {
        "name": "HEICO CORP",
        "value": "550319.40",
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      },
      {
        "name": "FIRST AM-TR OB-X",
        "value": "457331.91",
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      },
      {
        "name": "ASELSAN",
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      },
      {
        "name": "MELROSE INDUSTRI",
        "value": "412910.66",
        "weight": "0.00405384",
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      },
      {
        "name": "CRANE CO",
        "value": "407664.00",
        "weight": "0.00400233",
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      },
      {
        "name": "MOOG INC-CLASS A",
        "value": "400916.80",
        "weight": "0.00393608",
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      },
      {
        "name": "DASSAULT AVIATION SA",
        "value": "317665.17",
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      },
      {
        "name": "HEXCEL CORPORATION",
        "value": "310204.69",
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      },
      {
        "name": "KARMAN HOLDINGS INC",
        "value": "300827.90",
        "weight": "0.00295344",
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      },
      {
        "name": "AEROVIRONMENT INC",
        "value": "269449.60",
        "weight": "0.00264538",
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      },
      {
        "name": "HENSOLDT AG",
        "value": "267128.85",
        "weight": "0.00262259",
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      },
      {
        "name": "RENK GROUP AG",
        "value": "234130.10",
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      },
      {
        "name": "MIRION TECHNOLOGIES INC-A",
        "value": "218004.93",
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      },
      {
        "name": "JOBY AVIATION INC",
        "value": "211579.90",
        "weight": "0.00207723",
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      },
      {
        "name": "AAR CORP",
        "value": "206879.40",
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      },
      {
        "name": "OSI SYSTEMS INC",
        "value": "205239.23",
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      },
      {
        "name": "MERCURY SYSTEMS INC",
        "value": "184608.12",
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      },
      {
        "name": "AMENTUM HOLDINGS INC",
        "value": "181542.88",
        "weight": "0.00178234",
        "shared": false
      },
      {
        "name": "QINETIQ GROUP PLC COMMON STOCK",
        "value": "141478.40",
        "weight": "0.00138899",
        "shared": false
      },
      {
        "name": "ARCHER AVIATION INC A",
        "value": "135185.16",
        "weight": "0.00132721",
        "shared": true
      },
      {
        "name": "SATELLOGIC INC-A",
        "value": "121241.28",
        "weight": "0.00119031",
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      }
    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0001193125-26-287429",
      "as_of": "2026-04-30",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1424958/000119312526287429/0001193125-26-287429-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0000894189-26-015965",
      "as_of": "2026-03-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1976322/000089418926015965/0000894189-26-015965-index.htm"
    }
  ]
}