ORBX vs. WDGF

Last updated Jun 4, 2026

ORBX (Global X Space Tech ETF) and WDGF (WisdomTree Global Defense Fund) are both Aerospace & Defense funds - ORBX tracks the Global X Space Tech Index while WDGF tracks the WisdomTree Global Defense Index. Both are passively managed. A 0.60 correlation means they provide meaningful diversification when combined. ORBX charges 0.50%/yr vs 0.45%/yr for WDGF.

Performance

ORBX vs. WDGF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Space Tech ETF (ORBX) and WisdomTree Global Defense Fund (WDGF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ORBX

• 1D: -7.31%
• 1M: 23.50%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

WDGF

• 1D: -1.45%
• 1M: -3.36%
• YTD: 3.03%
• 6M: 8.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ORBX vs. WDGF - Yearly Performance Comparison

	2026 (YTD)
ORBX Global X Space Tech ETF	22.02%
WDGF WisdomTree Global Defense Fund	-9.85%

Correlation

The correlation between ORBX and WDGF is 0.60, 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 16, 2026	0.60

Return for Risk

ORBX vs. WDGF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Space Tech ETF (ORBX) and WisdomTree Global Defense Fund (WDGF). 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

	ORBX	WDGF	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	4.31	0.17	+4.14

Drawdowns

ORBX vs. WDGF - Drawdown Comparison

The maximum ORBX drawdown since its inception was -18.53%, which is greater than WDGF's maximum drawdown of -14.36%. Use the drawdown chart below to compare losses from any high point for ORBX and WDGF.

Drawdown Indicators

	ORBX	WDGF	Difference
Max Drawdown Largest peak-to-trough decline	-18.53%	-14.36%	-4.17%
Current Drawdown Current decline from peak	-18.53%	-12.77%	-5.76%
Average Drawdown Average peak-to-trough decline	-5.01%	-5.46%	+0.45%

Volatility

Volatility by Period

	ORBX	WDGF	Difference
Volatility (1Y) Calculated over the trailing 1-year period	79.41%	22.41%	+57.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.41%	22.41%	+57.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.41%	22.41%	+57.00%

ORBX vs. WDGF - Expense Ratio Comparison

ORBX has a 0.50% expense ratio, which is higher than WDGF's 0.45% expense ratio.

Dividends

ORBX vs. WDGF - Dividend Comparison

ORBX has not paid dividends to shareholders, while WDGF's dividend yield for the trailing twelve months is around 0.05%.

Position	TTM	2025
ORBX Global X Space Tech ETF	0.00%	0.00%
WDGF WisdomTree Global Defense Fund	0.05%	0.05%

Frequently Asked Questions

Can I hold both ORBX and WDGF in my portfolio?

ORBX and WDGF have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ORBX or WDGF?

On fees, WDGF 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, ORBX or WDGF?

WDGF is cheaper with a 0.45% expense ratio, compared with 0.50% for ORBX.

Which ETF pays a higher dividend yield, ORBX or WDGF?

WDGF has the higher dividend yield at 0.05%, compared with 0.00% for ORBX.

What is the main difference between ORBX and WDGF?

ORBX tracks Global X Space Tech Index, while WDGF tracks WisdomTree Global Defense Index. They also come from different issuers: Global X and WisdomTree. Their fees differ too: 0.50% for ORBX and 0.45% for WDGF.