WDAF vs. DFEN
WDAF (WisdomTree Asia Defense Fund) and DFEN (Direxion Daily Aerospace & Defense Bull 3X Shares) are both exchange-traded funds - WDAF is a Aerospace & Defense fund tracking the WisdomTree Asia Defense Index, while DFEN is a Leveraged Equities fund tracking the Dow Jones U.S. Select Aerospace & Defense Index (300% Daily). Both are passively managed. Their 0.44 correlation means their historical movements had little consistent relationship. WDAF charges 0.45%/yr vs 0.96%/yr for DFEN.
Performance
WDAF vs. DFEN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WDAF achieves a 1.82% return, which is significantly lower than DFEN's 27.74% return.
WDAF
- 1D
- 1.89%
- 1M
- -7.97%
- 6M
- -12.60%
- YTD
- 1.82%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
DFEN
- 1D
- 8.14%
- 1M
- -4.95%
- 6M
- 4.58%
- YTD
- 27.74%
- 1Y
- 57.49%
- 3Y*
- 72.81%
- 5Y*
- 36.85%
- 10Y*
- —
- ALL TIME*
- 17.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $13.86M | $12.55M | $15.20M | |
| $216.97K | $187.82K | $494.71K |
WDAF vs. DFEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WDAF WisdomTree Asia Defense Fund | 1.82% | -7.71% |
DFEN Direxion Daily Aerospace & Defense Bull 3X Shares | 27.74% | 17.57% |
Correlation
The correlation between WDAF and DFEN is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 12, 2025 | 0.44 |
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. DFEN — Risk / Return Rank
WDAF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DFEN
WDAF vs. DFEN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Asia Defense Fund (WDAF) and Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN). 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 | DFEN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.18 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.38 | — |
| Martin ratioReturn relative to average drawdown | — | 2.91 | — |
Loading charts...
Drawdowns
WDAF vs. DFEN - Drawdown Comparison
The maximum WDAF drawdown since its inception was -28.19%, smaller than the maximum DFEN drawdown of -91.36%. Use the drawdown chart below to compare losses from any high point for WDAF and DFEN.
Loading charts...
Drawdown Indicators
| WDAF | DFEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.19% | -91.36% | +63.17% |
Max Drawdown (1Y)Largest decline over 1 year | — | -41.75% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -43.13% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -51.96% | — |
Current DrawdownCurrent decline from peak | -23.59% | -16.29% | -7.30% |
Average DrawdownAverage peak-to-trough decline | -8.53% | -44.86% | +36.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 19.80% | — |
Volatility
WDAF vs. DFEN - Volatility Comparison
Loading charts...
Volatility by Period
| WDAF | DFEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 22.77% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 55.82% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 33.45% | 68.43% | -34.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.45% | 60.96% | -27.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.45% | 71.61% | -38.16% |
WDAF vs. DFEN - Expense Ratio Comparison
WDAF has a 0.45% expense ratio, which is lower than DFEN's 0.96% expense ratio.
Dividends
WDAF vs. DFEN - Dividend Comparison
WDAF's dividend yield for the trailing twelve months is around 0.13%, less than DFEN's 6.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DFEN Direxion Daily Aerospace & Defense Bull 3X Shares | 6.94% | 8.89% | 14.12% | 1.13% | 0.46% | 1.89% | 0.48% | 0.50% | 1.07% | 1.50% |
WDAF WisdomTree Asia Defense Fund | 0.13% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WDAF and DFEN have a correlation of 0.44, 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 0.96% for DFEN.
DFEN has the higher dividend yield at 6.94%, compared with 0.13% for WDAF.
WDAF is categorized as Aerospace & Defense, while DFEN is Leveraged Equities. WDAF tracks WisdomTree Asia Defense Index, while DFEN tracks Dow Jones U.S. Select Aerospace & Defense Index (300% Daily). They also come from different issuers: WisdomTree and Direxion. Their fees differ too: 0.45% for WDAF and 0.96% for DFEN.
Find the right allocation for WDAF and DFEN
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