WDAF vs. ARMY

Last updated Jun 4, 2026

WDAF (WisdomTree Asia Defense Fund) and ARMY (HANetf Future of European Defence Screened UCITS ETF) are both Aerospace & Defense funds - WDAF tracks the WisdomTree Asia Defense Index while ARMY tracks the VettaFi European Future of Defence Screened Index. Both are passively managed. A 0.57 correlation means they provide meaningful diversification when combined. WDAF charges 0.45%/yr vs 0.39%/yr for ARMY.

Performance

WDAF vs. ARMY - Performance Comparison

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

Different Trading Currencies

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

Returns By Period

WDAF

• 1D: -1.56%
• 1M: -13.31%
• YTD: 11.85%
• 6M: 16.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMY

• 1D: -2.73%
• 1M: -1.37%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WDAF vs. ARMY - Yearly Performance Comparison

	2026 (YTD)
WDAF WisdomTree Asia Defense Fund	0.51%
ARMY HANetf Future of European Defence Screened UCITS ETF	-1.93%

Correlation

The correlation between WDAF and ARMY is 0.57, 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	0.57

Return for Risk

WDAF vs. ARMY - Risk-Adjusted Trends Comparison

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

	WDAF	ARMY	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	-0.31	+0.45

Drawdowns

WDAF vs. ARMY - Drawdown Comparison

The maximum WDAF drawdown since its inception was -18.21%, which is greater than ARMY's maximum drawdown of -14.11%. Use the drawdown chart below to compare losses from any high point for WDAF and ARMY.

Drawdown Indicators

	WDAF	ARMY	Difference
Max Drawdown Largest peak-to-trough decline	-18.21%	-14.11%	-4.10%
Current Drawdown Current decline from peak	-16.06%	-9.85%	-6.21%
Average Drawdown Average peak-to-trough decline	-6.09%	-5.71%	-0.38%

Volatility

Volatility by Period

	WDAF	ARMY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	32.10%	34.74%	-2.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.10%	34.74%	-2.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.10%	34.74%	-2.64%

WDAF vs. ARMY - Expense Ratio Comparison

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

Dividends

WDAF vs. ARMY - Dividend Comparison

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

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 WDAF and ARMY in my portfolio?

WDAF and ARMY have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WDAF or ARMY?

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, WDAF or ARMY?

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

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

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

What is the main difference between WDAF and ARMY?

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