WAR vs. VDE

Last updated Jun 4, 2026

WAR (U.S. Global Technology and Aerospace & Defense ETF) and VDE (Vanguard Energy ETF) are both exchange-traded funds - WAR is a Aerospace & Defense fund actively managed by US Global, while VDE is a Energy Equities fund tracking the MSCI US Investable Market Energy 25/50 Index. WAR is actively managed, while VDE is passively managed. At a 0.09 correlation, their price movements are largely independent. WAR charges 0.60%/yr vs 0.10%/yr for VDE.

Performance

WAR vs. VDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in U.S. Global Technology and Aerospace & Defense ETF (WAR) and Vanguard Energy ETF (VDE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WAR

• 1D: -1.92%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VDE

• 1D: 1.13%
• 1M: -2.17%
• YTD: 32.24%
• 6M: 29.32%
• 1Y: 45.53%
• 3Y*: 17.97%
• 5Y*: 20.43%
• 10Y*: 9.70%

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

WAR vs. VDE - Yearly Performance Comparison

	2026 (YTD)
WAR U.S. Global Technology and Aerospace & Defense ETF	2.67%
VDE Vanguard Energy ETF	1.13%

Correlation

The correlation between WAR and VDE is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	0.09

WAR vs. VDE - Sectors Allocation Comparison

Sectors	WAR	VDE
Technology	63.8%	-
Industrials	31.1%	0.1%
Communication Services	2.0%	-
Financial Services	0.5%	-
Basic Materials	-	0.4%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	99.5%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

WAR vs. VDE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VDE

VDE Risk / Return Rank: 64
VDE Sharpe Ratio Rank: 66
VDE Sortino Ratio Rank: 60
VDE Omega Ratio Rank: 57
VDE Calmar Ratio Rank: 75
VDE Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WAR vs. VDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for U.S. Global Technology and Aerospace & Defense ETF (WAR) and Vanguard Energy ETF (VDE). 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

	WAR	VDE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.25	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.78	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.18	0.28	+4.90

Drawdowns

WAR vs. VDE - Drawdown Comparison

The maximum WAR drawdown since its inception was -1.92%, smaller than the maximum VDE drawdown of -74.20%. Use the drawdown chart below to compare losses from any high point for WAR and VDE.

Drawdown Indicators

	WAR	VDE	Difference
Max Drawdown Largest peak-to-trough decline	-1.92%	-74.20%	+72.28%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.80%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-21.41%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.58%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-69.29%	—
Current Drawdown Current decline from peak	-1.92%	-6.43%	+4.51%
Average Drawdown Average peak-to-trough decline	-0.88%	-19.96%	+19.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.00%	—

Volatility

Volatility by Period

	WAR	VDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.99%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	42.90%	20.38%	+22.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.90%	26.40%	+16.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.90%	29.93%	+12.97%

WAR vs. VDE - Expense Ratio Comparison

WAR has a 0.60% expense ratio, which is higher than VDE's 0.10% expense ratio.

Dividends

WAR vs. VDE - Dividend Comparison

WAR has not paid dividends to shareholders, while VDE's dividend yield for the trailing twelve months is around 2.37%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VDE Vanguard Energy ETF	2.37%	3.11%	3.23%	3.34%	3.65%	4.13%	4.76%	3.42%	3.35%	2.90%	2.31%	3.17%
WAR U.S. Global Technology and Aerospace & Defense ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WAR and VDE in my portfolio?

WAR and VDE have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WAR or VDE?

On fees, VDE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WAR or VDE?

VDE is cheaper with a 0.10% expense ratio, compared with 0.60% for WAR.

Which ETF pays a higher dividend yield, WAR or VDE?

VDE has the higher dividend yield at 2.37%, compared with 0.00% for WAR.

What is the main difference between WAR and VDE?

WAR is categorized as Aerospace & Defense, while VDE is Energy Equities. They also come from different issuers: US Global and Vanguard. Their fees differ too: 0.60% for WAR and 0.10% for VDE.