WDAF vs. GCAD
WDAF (WisdomTree Asia Defense Fund) and GCAD (Gabelli Commercial Aerospace & Defense ETF) are both Aerospace & Defense funds. WDAF is passively managed, while GCAD is actively managed. At a 0.45 correlation, their price movements are largely independent. WDAF charges 0.45%/yr vs 0.00%/yr for GCAD.
Performance
WDAF vs. GCAD - Performance Comparison
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Returns By Period
In the year-to-date period, WDAF achieves a 11.85% return, which is significantly lower than GCAD's 14.09% return.
WDAF
- 1D
- -1.56%
- 1M
- -13.31%
- YTD
- 11.85%
- 6M
- 16.15%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GCAD
- 1D
- -1.56%
- 1M
- 5.29%
- YTD
- 14.09%
- 6M
- 19.16%
- 1Y
- 35.52%
- 3Y*
- 33.27%
- 5Y*
- —
- 10Y*
- —
WDAF vs. GCAD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WDAF WisdomTree Asia Defense Fund | 11.85% | -7.62% |
GCAD Gabelli Commercial Aerospace & Defense ETF | 14.09% | 8.72% |
Correlation
The correlation between WDAF and GCAD is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 15, 2025 | 0.45 |
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Return for Risk
WDAF vs. GCAD — Risk / Return Rank
WDAF
GCAD
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.
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Sharpe Ratios by Period
| WDAF | GCAD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 1.56 | -1.42 |
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.
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Drawdown Indicators
| WDAF | GCAD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.21% | -16.14% | -2.07% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.96% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.14% | — |
Current DrawdownCurrent decline from peak | -16.06% | -5.92% | -10.14% |
Average DrawdownAverage peak-to-trough decline | -6.09% | -3.03% | -3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.32% | — |
Volatility
WDAF vs. GCAD - Volatility Comparison
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Volatility by Period
| WDAF | GCAD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.14% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.33% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 32.10% | 19.25% | +12.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.10% | 18.49% | +13.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.10% | 18.49% | +13.61% |
WDAF vs. GCAD - Expense Ratio Comparison
WDAF has a 0.45% expense ratio, which is higher than GCAD's 0.00% expense ratio.
Dividends
WDAF vs. GCAD - Dividend Comparison
WDAF's dividend yield for the trailing twelve months is around 0.12%, less than GCAD's 1.81% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GCAD Gabelli Commercial Aerospace & Defense ETF | 1.81% | 2.06% | 4.94% | 3.62% |
WDAF WisdomTree Asia Defense Fund | 0.12% | 0.13% | 0.00% | 0.00% |
Frequently Asked Questions
WDAF and GCAD 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.
On fees, GCAD is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GCAD is cheaper with a 0.00% expense ratio, compared with 0.45% for WDAF.
GCAD has the higher dividend yield at 1.81%, compared with 0.12% for WDAF.
They also come from different issuers: WisdomTree and Gabelli. Their fees differ too: 0.45% for WDAF and 0.00% for GCAD.
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