WDAF vs. GCAD

Last updated Apr 1, 2026

Compare and contrast key facts about WisdomTree Asia Defense Fund (WDAF) and Gabelli Commercial Aerospace & Defense ETF (GCAD).

WDAF and GCAD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WDAF is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Asia Defense Index. It was launched on Sep 10, 2025. GCAD is an actively managed fund by Gabelli. It was launched on Jan 3, 2023.

Performance

WDAF vs. GCAD - Performance Comparison

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

WDAF vs. GCAD - Yearly Performance Comparison

	2026 (YTD)	2025
WDAF WisdomTree Asia Defense Fund	11.28%	-7.62%
GCAD Gabelli Commercial Aerospace & Defense ETF	7.13%	8.72%

Returns By Period

In the year-to-date period, WDAF achieves a 11.28% return, which is significantly higher than GCAD's 7.13% return.

WDAF

• 1D: 3.09%
• 1M: -8.09%
• YTD: 11.28%
• 6M: 1.74%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GCAD

• 1D: 3.88%
• 1M: -9.20%
• YTD: 7.13%
• 6M: 11.82%
• 1Y: 49.29%
• 3Y*: 30.53%
• 5Y*: —
• 10Y*: —

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

WDAF vs. GCAD - Expense Ratio Comparison

WDAF has a 0.45% expense ratio, which is higher than GCAD's 0.00% expense ratio.

WDAF

WisdomTree Asia Defense Fund

GCAD

Gabelli Commercial Aerospace & Defense ETF

Return for Risk

WDAF vs. GCAD — Risk / Return Rank

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

GCAD

GCAD Risk / Return Rank: 94
GCAD Sharpe Ratio Rank: 94
GCAD Sortino Ratio Rank: 95
GCAD Omega Ratio Rank: 94
GCAD Calmar Ratio Rank: 91
GCAD Martin Ratio Rank: 94

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. GCAD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Asia Defense Fund (WDAF) and Gabelli Commercial Aerospace & Defense ETF (GCAD). 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.

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

Sharpe Ratios by Period

	WDAF	GCAD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.30	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	1.55	-1.38

Correlation

The correlation between WDAF and GCAD is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

WDAF vs. GCAD - Dividend Comparison

WDAF's dividend yield for the trailing twelve months is around 0.12%, less than GCAD's 1.92% yield.

	TTM	2025	2024	2023
WDAF WisdomTree Asia Defense Fund	0.12%	0.13%	0.00%	0.00%
GCAD Gabelli Commercial Aerospace & Defense ETF	1.92%	2.06%	4.94%	3.62%

Drawdowns

WDAF vs. GCAD - Drawdown Comparison

The maximum WDAF drawdown since its inception was -18.21%, which is greater than GCAD's maximum drawdown of -16.14%. Use the drawdown chart below to compare losses from any high point for WDAF and GCAD.

Drawdown Indicators

	WDAF	GCAD	Difference
Max Drawdown Largest peak-to-trough decline	-18.21%	-16.14%	-2.07%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.96%	—
Current Drawdown Current decline from peak	-15.68%	-11.66%	-4.02%
Average Drawdown Average peak-to-trough decline	-5.94%	-2.79%	-3.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.27%	—

Volatility

Volatility by Period

	WDAF	GCAD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.02%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.53%	—
Volatility (1Y) Calculated over the trailing 1-year period	29.89%	21.51%	+8.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.89%	18.15%	+11.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.89%	18.15%	+11.74%