GEOA vs. FWD

Last updated Aug 2, 2026

GEOA (WisdomTree GeoAlpha Opportunities Fund) and FWD (AB Disruptors ETF) are both Global Equities funds. GEOA is passively managed, while FWD is actively managed. Over the past year, GEOA returned 25.66% vs 39.21% for FWD. Their 0.59 correlation means they have sometimes moved together and sometimes differently. GEOA charges 0.58%/yr vs 0.65%/yr for FWD.

Performance

GEOA vs. FWD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree GeoAlpha Opportunities Fund (GEOA) and AB Disruptors ETF (FWD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GEOA achieves a 9.60% return, which is significantly lower than FWD's 20.07% return.

GEOA

• 1D: 0.25%
• 1M: 0.36%
• 6M: 2.75%
• YTD: 9.60%
• 1Y: 25.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.38%

FWD

• 1D: 1.20%
• 1M: -8.86%
• 6M: 11.18%
• YTD: 20.07%
• 1Y: 39.21%
• 3Y*: 29.50%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 31.81%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FWD AB Disruptors ETF	$39.66M	$42.86M	$36.96M
GEOA WisdomTree GeoAlpha Opportunities Fund	$138.74K	$67.68K	$27.48K

GEOA vs. FWD - Yearly Performance Comparison

	2026 (YTD)	2025
GEOA WisdomTree GeoAlpha Opportunities Fund	9.60%	11.11%
FWD AB Disruptors ETF	20.07%	17.60%

Correlation

The correlation between GEOA and FWD is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.61
Correlation (All Time) Calculated using the full available price history since Jul 8, 2025	0.59

The correlation between GEOA and FWD has been stable across timeframes, ranging from 0.59 to 0.61 - a consistent structural relationship.

Return for Risk

GEOA vs. FWD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GEOA

GEOA Risk / Return Rank: 68
GEOA Sharpe Ratio Rank: 76
GEOA Sortino Ratio Rank: 74
GEOA Omega Ratio Rank: 72
GEOA Calmar Ratio Rank: 59
GEOA Martin Ratio Rank: 57

FWD

FWD Risk / Return Rank: 51
FWD Sharpe Ratio Rank: 51
FWD Sortino Ratio Rank: 48
FWD Omega Ratio Rank: 48
FWD Calmar Ratio Rank: 50
FWD Martin Ratio Rank: 58

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GEOA vs. FWD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree GeoAlpha Opportunities Fund (GEOA) and AB Disruptors ETF (FWD). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GEOA	FWD	Difference
Sharpe ratio: Return per unit of total volatility	1.77	1.24	+0.52
Sortino ratio: Return per unit of downside risk	2.42	1.72	+0.70
Omega ratio: Gain probability vs. loss probability	1.30	1.22	+0.09
Calmar ratio: Return relative to maximum drawdown	2.11	1.78	+0.32
Martin ratio: Return relative to average drawdown	6.93	6.86	+0.08

GEOA vs. FWD - Sharpe Ratio Comparison

The current GEOA Sharpe Ratio is 1.77, which is higher than the FWD Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of GEOA and FWD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GEOA vs. FWD - Drawdown Comparison

The maximum GEOA drawdown since its inception was -11.74%, smaller than the maximum FWD drawdown of -29.02%. Use the drawdown chart below to compare losses from any high point for GEOA and FWD.

Drawdown Indicators

	GEOA	FWD	Difference
Max Drawdown Largest peak-to-trough decline	-11.74%	-29.02%	+17.28%
Max Drawdown (1Y) Largest decline over 1 year	-11.74%	-20.49%	+8.75%
Max Drawdown (3Y) Largest decline over 3 years	—	-29.02%	—
Current Drawdown Current decline from peak	-2.22%	-15.78%	+13.56%
Average Drawdown Average peak-to-trough decline	-2.37%	-4.26%	+1.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.56%	5.32%	-1.76%

Volatility

GEOA vs. FWD - Volatility Comparison

The current volatility for WisdomTree GeoAlpha Opportunities Fund (GEOA) is 3.80%, while AB Disruptors ETF (FWD) has a volatility of 11.37%. This indicates that GEOA experiences smaller price fluctuations and is considered to be less risky than FWD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GEOA	FWD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.80%	11.37%	-7.57%
Volatility (6M) Calculated over the trailing 6-month period	11.26%	24.87%	-13.61%
Volatility (1Y) Calculated over the trailing 1-year period	14.02%	29.47%	-15.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.76%	26.00%	-12.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.76%	26.00%	-12.24%

GEOA vs. FWD - Expense Ratio Comparison

GEOA has a 0.58% expense ratio, which is lower than FWD's 0.65% expense ratio.

Dividends

GEOA vs. FWD - Dividend Comparison

GEOA's dividend yield for the trailing twelve months is around 0.55%, more than FWD's 0.09% yield.

Position	TTM	2025	2024
FWD AB Disruptors ETF	0.09%	0.11%	1.89%
GEOA WisdomTree GeoAlpha Opportunities Fund	0.55%	0.60%	0.00%

Frequently Asked Questions

Can I hold both GEOA and FWD in my portfolio?

GEOA and FWD have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GEOA or FWD?

FWD has higher volatility (11.37%) compared to GEOA (3.80%). In terms of maximum drawdown, GEOA dropped -11.74% vs FWD's -29.02%.

Which ETF is better, GEOA or FWD?

On 1-year performance, FWD leads with 39.21% vs 25.66% for GEOA. On fees, GEOA is cheaper at 0.58% per year. On volatility, GEOA has been the lower-risk option at 3.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GEOA or FWD?

Over the 1-year period, FWD has performed better with a 39.21% return vs 25.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GEOA or FWD?

GEOA is cheaper with a 0.58% expense ratio, compared with 0.65% for FWD.

Which ETF pays a higher dividend yield, GEOA or FWD?

GEOA has the higher dividend yield at 0.55%, compared with 0.09% for FWD.

What is the main difference between GEOA and FWD?

They also come from different issuers: WisdomTree and AllianceBernstein. Their fees differ too: 0.58% for GEOA and 0.65% for FWD.

Which has better risk-adjusted returns?

GEOA currently has the higher Sharpe Ratio (1.77 vs 1.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.