WAR ETF — U.S. Global Technology and Aerospace & Defense ETF

U.S. Global Technology and Aerospace & Defense ETF (WAR)

Updated October 2, 2026.

WAR is an ETF. its trailing-12-month yield is 9.13%, its expense ratio is 0.60%. Total return is 83.6% over the past 1.8 years, 50.2 points ahead of SPY at 33.4%.

This actively managed ETF invests in equity securities of companies developing products, services, and technological innovations related to national defense, including aerospace, physical security, and cybersecurity. The fund carries a very low distribution rate and does not maintain a regular distribution schedule; its most recent distribution was special and should not be expected to recur. With an expense ratio of 0.60%, the fund appeals to investors seeking exposure to defense and technology sectors rather than those primarily focused on dividend income.

WAR performance versus SPY

Price and return data through 2026-10-02.

Total return is 83.6% over the past 1.8 years, 50.2 points ahead of SPY at 33.4%. Over the past year its total return — price change plus distributions reinvested — is 37.8%. Its deepest 1-year drawdown was 25.0%.

WAR key facts

Issuer

U.S. Global Investors

Asset type

ETF

Asset class

Equity

Inception date

12/27/2024

Expense ratio

0.60%

Trailing yield

9.13%

Last close

$32.37 (as of 2026-10-02)

AUM

$36,632,400

Average volume

11300.0

Last dividend

$2.954

Last ex-dividend date

12/24/2025

Last payment date

12/26/2025 (as of 2025-12-26)

Beta

1.8865

P/E ratio

38.1471

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (9.13%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: U.S. Global Investors; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

WAR risks and drawbacks

The deepest 1-year drawdown on record here is 25.0%.

Who may consider WAR — and who may not

It is a weaker fit for investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from U.S. Global Investors.