DRNZ vs. WDAF

Last updated Jun 5, 2026

DRNZ (REX Drone ETF) and WDAF (WisdomTree Asia Defense Fund) are both Aerospace & Defense funds - DRNZ tracks the VettaFi Drone Index while WDAF tracks the WisdomTree Asia Defense Index. Both are passively managed. At a 0.44 correlation, their price movements are largely independent. DRNZ charges 0.65%/yr vs 0.45%/yr for WDAF.

Performance

DRNZ vs. WDAF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX Drone ETF (DRNZ) and WisdomTree Asia Defense Fund (WDAF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DRNZ achieves a 27.64% return, which is significantly higher than WDAF's 11.86% return.

DRNZ

• 1D: 2.30%
• 1M: 9.00%
• YTD: 27.64%
• 6M: 32.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

WDAF

• 1D: 0.01%
• 1M: -16.06%
• YTD: 11.86%
• 6M: 15.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DRNZ vs. WDAF - Yearly Performance Comparison

	2026 (YTD)	2025
DRNZ REX Drone ETF	27.64%	-10.89%
WDAF WisdomTree Asia Defense Fund	11.86%	-8.68%

Correlation

The correlation between DRNZ and WDAF is 0.44, 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 Oct 30, 2025	0.44

Return for Risk

DRNZ vs. WDAF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX Drone ETF (DRNZ) 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

	DRNZ	WDAF	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.15	+0.34

Drawdowns

DRNZ vs. WDAF - Drawdown Comparison

The maximum DRNZ drawdown since its inception was -24.52%, which is greater than WDAF's maximum drawdown of -18.21%. Use the drawdown chart below to compare losses from any high point for DRNZ and WDAF.

Drawdown Indicators

	DRNZ	WDAF	Difference
Max Drawdown Largest peak-to-trough decline	-24.52%	-18.21%	-6.31%
Current Drawdown Current decline from peak	-5.32%	-16.06%	+10.74%
Average Drawdown Average peak-to-trough decline	-11.08%	-6.15%	-4.93%

Volatility

Volatility by Period

	DRNZ	WDAF	Difference
Volatility (1Y) Calculated over the trailing 1-year period	50.73%	32.02%	+18.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.73%	32.02%	+18.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.73%	32.02%	+18.71%

DRNZ vs. WDAF - Expense Ratio Comparison

DRNZ has a 0.65% expense ratio, which is higher than WDAF's 0.45% expense ratio.

Dividends

DRNZ vs. WDAF - Dividend Comparison

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

Position	TTM	2025
DRNZ REX Drone ETF	0.00%	0.00%
WDAF WisdomTree Asia Defense Fund	0.12%	0.13%

Frequently Asked Questions

Can I hold both DRNZ and WDAF in my portfolio?

DRNZ and WDAF have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DRNZ or WDAF?

On fees, WDAF 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, DRNZ or WDAF?

WDAF is cheaper with a 0.45% expense ratio, compared with 0.65% for DRNZ.

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

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

What is the main difference between DRNZ and WDAF?

DRNZ tracks VettaFi Drone Index, while WDAF tracks WisdomTree Asia Defense Index. They also come from different issuers: REX and WisdomTree. Their fees differ too: 0.65% for DRNZ and 0.45% for WDAF.