WDAF vs. CAOS
WDAF (WisdomTree Asia Defense Fund) and CAOS (Alpha Architect Tail Risk ETF) are both exchange-traded funds - WDAF is a Aerospace & Defense fund tracking the WisdomTree Asia Defense Index, while CAOS is a Options Trading fund actively managed by Alpha Architect. WDAF is passively managed, while CAOS is actively managed. Their -0.14 correlation means they have often moved in opposite directions in the past. WDAF charges 0.45%/yr vs 0.63%/yr for CAOS.
Performance
WDAF vs. CAOS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WDAF achieves a 1.82% return, which is significantly higher than CAOS's 0.75% return.
WDAF
- 1D
- 1.89%
- 1M
- -7.97%
- 6M
- -12.60%
- YTD
- 1.82%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
CAOS
- 1D
- -0.01%
- 1M
- -0.02%
- 6M
- 0.18%
- YTD
- 0.75%
- 1Y
- 1.71%
- 3Y*
- 3.56%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.09M | $5.54M | $5.04M | |
| $216.97K | $187.82K | $494.71K |
WDAF vs. CAOS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WDAF WisdomTree Asia Defense Fund | 1.82% | -7.71% |
CAOS Alpha Architect Tail Risk ETF | 0.75% | 0.29% |
Correlation
The correlation between WDAF and CAOS is -0.14, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 12, 2025 | -0.14 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WDAF vs. CAOS — Risk / Return Rank
WDAF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CAOS
WDAF vs. CAOS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Asia Defense Fund (WDAF) and Alpha Architect Tail Risk ETF (CAOS). 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.
| WDAF | CAOS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.27 | — |
| Martin ratioReturn relative to average drawdown | — | 4.99 | — |
Loading charts...
Drawdowns
WDAF vs. CAOS - Drawdown Comparison
The maximum WDAF drawdown since its inception was -28.19%, which is greater than CAOS's maximum drawdown of -3.89%. Use the drawdown chart below to compare losses from any high point for WDAF and CAOS.
Loading charts...
Drawdown Indicators
| WDAF | CAOS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.19% | -3.89% | -24.30% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.76% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.60% | — |
Current DrawdownCurrent decline from peak | -23.59% | -1.14% | -22.45% |
Average DrawdownAverage peak-to-trough decline | -8.53% | -0.92% | -7.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.34% | — |
Volatility
WDAF vs. CAOS - Volatility Comparison
Loading charts...
Volatility by Period
| WDAF | CAOS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.46% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.07% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 33.45% | 1.57% | +31.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.45% | 4.17% | +29.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.45% | 4.17% | +29.28% |
WDAF vs. CAOS - Expense Ratio Comparison
WDAF has a 0.45% expense ratio, which is lower than CAOS's 0.63% expense ratio.
Dividends
WDAF vs. CAOS - Dividend Comparison
WDAF's dividend yield for the trailing twelve months is around 0.13%, while CAOS has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
CAOS Alpha Architect Tail Risk ETF | 0.00% | 0.00% |
WDAF WisdomTree Asia Defense Fund | 0.13% | 0.13% |
Frequently Asked Questions
WDAF and CAOS have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
WDAF is cheaper with a 0.45% expense ratio, compared with 0.63% for CAOS.
WDAF has the higher dividend yield at 0.13%, compared with 0.00% for CAOS.
WDAF is categorized as Aerospace & Defense, while CAOS is Options Trading. They also come from different issuers: WisdomTree and Alpha Architect. Their fees differ too: 0.45% for WDAF and 0.63% for CAOS.
Find the right allocation for WDAF and CAOS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer