See what your fund actually adds
Nicholas Defense and Rare Earth Income ETF WEPN
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | WEPN | Replication |
|---|---|---|
| Annualized growth | -9.9% | 4.3% |
| Annualized volatility | 31.4% | 18.9% |
| Sharpe ratio | -0.18 | 0.31 |
| Maximum drawdown | 14.7% | 8.7% |
| Replication fit (R²) | 0.61 · Tracking error 19.7% | |
Replication portfolio
The published portfolio below is the investable basket used to model WEPN’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| VBK | Small-Cap · Growth | 65.0% |
| SLV | Alternatives · Silver | 20.5% |
| VOX | Sector · Communication | 14.5% |