WDAF vs. DRNZ

Last updated Aug 2, 2026

WDAF (WisdomTree Asia Defense Fund) and DRNZ (REX Drone ETF) are both Aerospace & Defense funds - WDAF tracks the WisdomTree Asia Defense Index while DRNZ tracks the VettaFi Drone Index. Both are passively managed. Their 0.45 correlation means their historical movements had little consistent relationship. WDAF charges 0.45%/yr vs 0.65%/yr for DRNZ.

Performance

WDAF vs. DRNZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Asia Defense Fund (WDAF) and REX Drone ETF (DRNZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WDAF achieves a -0.06% return, which is significantly higher than DRNZ's -6.20% return.

WDAF

• 1D: -0.96%
• 1M: -9.68%
• 6M: -15.34%
• YTD: -0.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

DRNZ

• 1D: 0.56%
• 1M: -11.53%
• 6M: -18.37%
• YTD: -6.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DRNZ REX Drone ETF	$2.23M	$2.79M	$4.32M
WDAF WisdomTree Asia Defense Fund	$206.13K	$199.18K	$502.59K

WDAF vs. DRNZ - Yearly Performance Comparison

	2026 (YTD)	2025
WDAF WisdomTree Asia Defense Fund	-0.06%	-9.48%
DRNZ REX Drone ETF	-6.20%	-12.91%

Correlation

The correlation between WDAF and DRNZ is 0.45, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 29, 2025	0.45

Return for Risk

WDAF vs. DRNZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Asia Defense Fund (WDAF) and REX Drone ETF (DRNZ). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

WDAF vs. DRNZ - Drawdown Comparison

The maximum WDAF drawdown since its inception was -28.19%, smaller than the maximum DRNZ drawdown of -34.12%. Use the drawdown chart below to compare losses from any high point for WDAF and DRNZ.

Drawdown Indicators

	WDAF	DRNZ	Difference
Max Drawdown Largest peak-to-trough decline	-28.19%	-34.12%	+5.93%
Current Drawdown Current decline from peak	-25.01%	-30.41%	+5.40%
Average Drawdown Average peak-to-trough decline	-8.46%	-14.30%	+5.84%

Volatility

Volatility by Period

	WDAF	DRNZ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	33.47%	50.55%	-17.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.47%	50.55%	-17.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.47%	50.55%	-17.08%

WDAF vs. DRNZ - Expense Ratio Comparison

WDAF has a 0.45% expense ratio, which is lower than DRNZ's 0.65% expense ratio.

Dividends

WDAF vs. DRNZ - Dividend Comparison

WDAF's dividend yield for the trailing twelve months is around 0.13%, while DRNZ has not paid dividends to shareholders.

Position	TTM	2025
DRNZ REX Drone ETF	0.00%	0.00%
WDAF WisdomTree Asia Defense Fund	0.13%	0.13%

Frequently Asked Questions

Can I hold both WDAF and DRNZ in my portfolio?

WDAF and DRNZ have a correlation of 0.45, 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 DRNZ?

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.

Which ETF is cheaper, WDAF or DRNZ?

WDAF is cheaper with a 0.45% expense ratio, compared with 0.65% for DRNZ.

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

WDAF has the higher dividend yield at 0.13%, compared with 0.00% for DRNZ.

What is the main difference between WDAF and DRNZ?

WDAF tracks WisdomTree Asia Defense Index, while DRNZ tracks VettaFi Drone Index. They also come from different issuers: WisdomTree and REX. Their fees differ too: 0.45% for WDAF and 0.65% for DRNZ.