WDAF vs. DBE
WDAF (WisdomTree Asia Defense Fund) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - WDAF is a Aerospace & Defense fund tracking the WisdomTree Asia Defense Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Their -0.14 correlation means they have often moved in opposite directions in the past. WDAF charges 0.45%/yr vs 0.78%/yr for DBE.
Performance
WDAF vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, WDAF achieves a 1.82% return, which is significantly lower than DBE's 71.26% return.
WDAF
- 1D
- 1.89%
- 1M
- -7.97%
- 6M
- -12.60%
- YTD
- 1.82%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
DBE
- 1D
- -4.26%
- 1M
- 15.98%
- 6M
- 57.84%
- YTD
- 71.26%
- 1Y
- 61.44%
- 3Y*
- 15.22%
- 5Y*
- 17.82%
- 10Y*
- 12.24%
- ALL TIME*
- 2.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.27M | $1.08M | $1.67M | |
| $216.97K | $187.82K | $494.71K |
WDAF vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WDAF WisdomTree Asia Defense Fund | 1.82% | -7.71% |
DBE Invesco DB Energy Fund | 71.26% | -3.61% |
Correlation
The correlation between WDAF and DBE 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 |
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Return for Risk
WDAF vs. DBE — Risk / Return Rank
WDAF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DBE
WDAF vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Asia Defense Fund (WDAF) and Invesco DB Energy Fund (DBE). 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 | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.50 | — |
| Martin ratioReturn relative to average drawdown | — | 7.82 | — |
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Drawdowns
WDAF vs. DBE - Drawdown Comparison
The maximum WDAF drawdown since its inception was -28.19%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for WDAF and DBE.
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Drawdown Indicators
| WDAF | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.19% | -86.69% | +58.50% |
Max Drawdown (1Y)Largest decline over 1 year | — | -24.72% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.72% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -23.59% | -34.98% | +11.39% |
Average DrawdownAverage peak-to-trough decline | -8.53% | -57.13% | +48.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.90% | — |
Volatility
WDAF vs. DBE - Volatility Comparison
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Volatility by Period
| WDAF | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 15.07% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 34.26% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 33.45% | 37.66% | -4.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.45% | 30.15% | +3.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.45% | 28.60% | +4.85% |
WDAF vs. DBE - Expense Ratio Comparison
WDAF has a 0.45% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
WDAF vs. DBE - Dividend Comparison
WDAF's dividend yield for the trailing twelve months is around 0.13%, less than DBE's 2.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.26% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
WDAF WisdomTree Asia Defense Fund | 0.13% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WDAF and DBE 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 0.78% for DBE.
DBE has the higher dividend yield at 2.26%, compared with 0.13% for WDAF.
WDAF is categorized as Aerospace & Defense, while DBE is Oil & Gas. WDAF tracks WisdomTree Asia Defense Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.45% for WDAF and 0.78% for DBE.
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