WDAF vs. IBHE

Last updated Jul 17, 2026

WDAF (WisdomTree Asia Defense Fund) and IBHE (iShares iBonds 2025 Term High Yield & Income ETF) are both exchange-traded funds - WDAF is a Aerospace & Defense fund tracking the WisdomTree Asia Defense Index, while IBHE is a High Yield Bonds fund tracking the Bloomberg 2025 Term High Yield and Income Index. Both are passively managed. At a correlation of -0.02, they often move in opposite directions. WDAF charges 0.45%/yr vs 0.35%/yr for IBHE.

Performance

WDAF vs. IBHE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Asia Defense Fund (WDAF) and iShares iBonds 2025 Term High Yield & Income ETF (IBHE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WDAF

• 1D: -0.34%
• 1M: -12.70%
• 6M: -13.30%
• YTD: 3.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBHE

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WDAF vs. IBHE - Yearly Performance Comparison

	2026 (YTD)	2025
WDAF WisdomTree Asia Defense Fund	3.22%	-7.71%
IBHE iShares iBonds 2025 Term High Yield & Income ETF	0.00%	1.06%

Correlation

The correlation between WDAF and IBHE is -0.02, 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	-0.02

Return for Risk

WDAF vs. IBHE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Asia Defense Fund (WDAF) and iShares iBonds 2025 Term High Yield & Income ETF (IBHE). 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

Drawdown Indicators

	WDAF	IBHE	Difference
Max Drawdown Largest peak-to-trough decline	-22.54%	—	—
Current Drawdown Current decline from peak	-22.54%	—	—
Average Drawdown Average peak-to-trough decline	-7.67%	—	—

Volatility

Volatility by Period

	WDAF	IBHE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	32.85%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.85%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.85%	—	—

WDAF vs. IBHE - Expense Ratio Comparison

WDAF has a 0.45% expense ratio, which is higher than IBHE's 0.35% expense ratio.

Dividends

WDAF vs. IBHE - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IBHE iShares iBonds 2025 Term High Yield & Income ETF	1.87%	4.53%	6.92%	7.17%	5.77%	4.84%	5.74%	3.73%
WDAF WisdomTree Asia Defense Fund	0.13%	0.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WDAF and IBHE in my portfolio?

WDAF and IBHE have a correlation of -0.02, 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 IBHE?

On fees, IBHE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WDAF or IBHE?

IBHE is cheaper with a 0.35% expense ratio, compared with 0.45% for WDAF.

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

IBHE has the higher dividend yield at 1.87%, compared with 0.13% for WDAF.

What is the main difference between WDAF and IBHE?

WDAF is categorized as Aerospace & Defense, while IBHE is High Yield Bonds. WDAF tracks WisdomTree Asia Defense Index, while IBHE tracks Bloomberg 2025 Term High Yield and Income Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.45% for WDAF and 0.35% for IBHE.