ARMY vs. WDAF

Last updated Jun 3, 2026

ARMY (HANetf Future of European Defence Screened UCITS ETF) and WDAF (WisdomTree Asia Defense Fund) are both Aerospace & Defense funds - ARMY tracks the VettaFi European Future of Defence Screened Index while WDAF tracks the WisdomTree Asia Defense Index. Both are passively managed. A 0.53 correlation means they provide meaningful diversification when combined. ARMY charges 0.39%/yr vs 0.45%/yr for WDAF.

Performance

ARMY vs. WDAF - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in HANetf Future of European Defence Screened UCITS ETF (ARMY) and WisdomTree Asia Defense Fund (WDAF). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ARMY is traded in EUR, while WDAF is traded in USD. To make them comparable, the WDAF values have been converted to EUR using the latest available exchange rates.

Returns By Period

ARMY

• 1D: -1.51%
• 1M: 1.38%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

WDAF

• 1D: -2.90%
• 1M: -11.96%
• YTD: 14.79%
• 6M: 18.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ARMY vs. WDAF - Yearly Performance Comparison

	2026 (YTD)
ARMY HANetf Future of European Defence Screened UCITS ETF	0.10%
WDAF WisdomTree Asia Defense Fund	1.48%

Correlation

The correlation between ARMY and WDAF is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 1, 2026	0.53

Return for Risk

ARMY vs. WDAF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HANetf Future of European Defence Screened UCITS ETF (ARMY) and WisdomTree Asia Defense Fund (WDAF). 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.

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

Sharpe Ratios by Period

	ARMY	WDAF	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	0.26	-0.24

Drawdowns

ARMY vs. WDAF - Drawdown Comparison

The maximum ARMY drawdown since its inception was -13.11%, smaller than the maximum WDAF drawdown of -17.48%. Use the drawdown chart below to compare losses from any high point for ARMY and WDAF.

Drawdown Indicators

	ARMY	WDAF	Difference
Max Drawdown Largest peak-to-trough decline	-13.11%	-17.48%	+4.37%
Current Drawdown Current decline from peak	-6.33%	-14.26%	+7.93%
Average Drawdown Average peak-to-trough decline	-5.27%	-6.07%	+0.80%

Volatility

Volatility by Period

	ARMY	WDAF	Difference
Volatility (1Y) Calculated over the trailing 1-year period	32.53%	31.79%	+0.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.53%	31.79%	+0.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.53%	31.79%	+0.74%

ARMY vs. WDAF - Expense Ratio Comparison

ARMY has a 0.39% expense ratio, which is lower than WDAF's 0.45% expense ratio.

Dividends

ARMY vs. WDAF - Dividend Comparison

ARMY has not paid dividends to shareholders, while WDAF's dividend yield for the trailing twelve months is around 0.12%.

Position	TTM	2025
ARMY HANetf Future of European Defence Screened UCITS ETF	0.00%	0.00%
WDAF WisdomTree Asia Defense Fund	0.12%	0.13%

Frequently Asked Questions

Can I hold both ARMY and WDAF in my portfolio?

ARMY and WDAF have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ARMY or WDAF?

On fees, ARMY is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ARMY or WDAF?

ARMY is cheaper with a 0.39% expense ratio, compared with 0.45% for WDAF.

Which ETF pays a higher dividend yield, ARMY or WDAF?

WDAF has the higher dividend yield at 0.12%, compared with 0.00% for ARMY.

What is the main difference between ARMY and WDAF?

ARMY tracks VettaFi European Future of Defence Screened Index, while WDAF tracks WisdomTree Asia Defense Index. They also come from different issuers: HANetf and WisdomTree. Their fees differ too: 0.39% for ARMY and 0.45% for WDAF.