WDAF vs. EINC

Last updated Jul 14, 2026

WDAF (WisdomTree Asia Defense Fund) and EINC (VanEck Energy Income ETF) are both exchange-traded funds - WDAF is a Aerospace & Defense fund tracking the WisdomTree Asia Defense Index, while EINC is a Energy Equities fund tracking the MVIS North America Energy Infrastructure Index. Both are passively managed. At a correlation of -0.04, they often move in opposite directions. Both charge a 0.45% expense ratio.

Performance

WDAF vs. EINC - Performance Comparison

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

Returns By Period

In the year-to-date period, WDAF achieves a 4.66% return, which is significantly lower than EINC's 28.74% return.

WDAF

• 1D: -2.42%
• 1M: -7.27%
• 6M: -9.73%
• YTD: 4.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EINC

• 1D: 1.55%
• 1M: 1.87%
• 6M: 30.32%
• YTD: 28.74%
• 1Y: 32.69%
• 3Y*: 28.67%
• 5Y*: 22.43%
• 10Y*: 11.77%

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

WDAF vs. EINC - Yearly Performance Comparison

	2026 (YTD)	2025
WDAF WisdomTree Asia Defense Fund	4.66%	-7.71%
EINC VanEck Energy Income ETF	28.74%	1.07%

Correlation

The correlation between WDAF and EINC is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 12, 2025	-0.04

Return for Risk

WDAF vs. EINC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WDAF

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

EINC

EINC Risk / Return Rank: 81
EINC Sharpe Ratio Rank: 84
EINC Sortino Ratio Rank: 82
EINC Omega Ratio Rank: 80
EINC Calmar Ratio Rank: 89
EINC Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WDAF vs. EINC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Asia Defense Fund (WDAF) and VanEck Energy Income ETF (EINC). 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	EINC	Difference
Sharpe ratio: Return per unit of total volatility	—	2.13	—
Sortino ratio: Return per unit of downside risk	—	2.89	—
Omega ratio: Gain probability vs. loss probability	—	1.37	—
Calmar ratio: Return relative to maximum drawdown	—	4.16	—
Martin ratio: Return relative to average drawdown	—	10.24	—

Drawdowns

WDAF vs. EINC - Drawdown Comparison

The maximum WDAF drawdown since its inception was -21.46%, smaller than the maximum EINC drawdown of -87.55%. Use the drawdown chart below to compare losses from any high point for WDAF and EINC.

Drawdown Indicators

	WDAF	EINC	Difference
Max Drawdown Largest peak-to-trough decline	-21.46%	-87.55%	+66.09%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.89%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.87%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-68.85%	—
Current Drawdown Current decline from peak	-21.46%	-2.40%	-19.06%
Average Drawdown Average peak-to-trough decline	-7.46%	-44.01%	+36.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.20%	—

Volatility

Volatility by Period

	WDAF	EINC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	33.08%	15.42%	+17.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.08%	19.58%	+13.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.08%	25.34%	+7.74%

WDAF vs. EINC - Expense Ratio Comparison

Both WDAF and EINC have an expense ratio of 0.45%.

Dividends

WDAF vs. EINC - Dividend Comparison

WDAF's dividend yield for the trailing twelve months is around 0.13%, less than EINC's 3.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EINC VanEck Energy Income ETF	3.44%	4.51%	3.33%	3.77%	2.89%	6.03%	6.69%	9.66%	11.31%	8.53%	9.71%	28.53%
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%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WDAF and EINC in my portfolio?

WDAF and EINC have a correlation of -0.04, 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 EINC?

Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WDAF or EINC?

WDAF and EINC have the same expense ratio: 0.45% per year.

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

EINC has the higher dividend yield at 3.44%, compared with 0.13% for WDAF.

What is the main difference between WDAF and EINC?

WDAF is categorized as Aerospace & Defense, while EINC is Energy Equities. WDAF tracks WisdomTree Asia Defense Index, while EINC tracks MVIS North America Energy Infrastructure Index. They also come from different issuers: WisdomTree and VanEck.