WDAF vs. ITA

Last updated Jun 24, 2026

WDAF (WisdomTree Asia Defense Fund) and ITA (iShares U.S. Aerospace & Defense ETF) are both Aerospace & Defense funds - WDAF tracks the WisdomTree Asia Defense Index while ITA tracks the Dow Jones U.S. Select Aerospace & Defense Index. Both are passively managed. At a 0.43 correlation, their price movements are largely independent. WDAF charges 0.45%/yr vs 0.38%/yr for ITA.

Performance

WDAF vs. ITA - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with WDAF having a 10.54% return and ITA slightly lower at 10.04%.

WDAF

• 1D: -5.17%
• 1M: -7.02%
• YTD: 10.54%
• 6M: 9.61%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ITA

• 1D: 0.18%
• 1M: 4.76%
• YTD: 10.04%
• 6M: 7.54%
• 1Y: 29.57%
• 3Y*: 28.50%
• 5Y*: 17.14%
• 10Y*: 15.66%

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

WDAF vs. ITA - Yearly Performance Comparison

	2026 (YTD)	2025
WDAF WisdomTree Asia Defense Fund	10.54%	-7.71%
ITA iShares U.S. Aerospace & Defense ETF	10.04%	7.71%

Correlation

The correlation between WDAF and ITA is 0.43, 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 12, 2025	0.43

Return for Risk

WDAF vs. ITA — 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.

ITA

ITA Risk / Return Rank: 38
ITA Sharpe Ratio Rank: 40
ITA Sortino Ratio Rank: 41
ITA Omega Ratio Rank: 37
ITA Calmar Ratio Rank: 39
ITA Martin Ratio Rank: 34

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. ITA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Asia Defense Fund (WDAF) and iShares U.S. Aerospace & Defense ETF (ITA). 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	ITA	Difference
Sharpe ratio: Return per unit of total volatility	—	1.36	—
Sortino ratio: Return per unit of downside risk	—	2.01	—
Omega ratio: Gain probability vs. loss probability	—	1.24	—
Calmar ratio: Return relative to maximum drawdown	—	1.88	—
Martin ratio: Return relative to average drawdown	—	4.93	—

Drawdowns

WDAF vs. ITA - Drawdown Comparison

The maximum WDAF drawdown since its inception was -20.11%, smaller than the maximum ITA drawdown of -59.72%. Use the drawdown chart below to compare losses from any high point for WDAF and ITA.

Drawdown Indicators

	WDAF	ITA	Difference
Max Drawdown Largest peak-to-trough decline	-20.11%	-59.72%	+39.61%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.82%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.82%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.72%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-51.00%	—
Current Drawdown Current decline from peak	-17.04%	-5.72%	-11.32%
Average Drawdown Average peak-to-trough decline	-6.70%	-9.45%	+2.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.01%	—

Volatility

Volatility by Period

	WDAF	ITA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.49%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.48%	—
Volatility (1Y) Calculated over the trailing 1-year period	32.59%	21.90%	+10.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.59%	20.23%	+12.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.59%	23.23%	+9.36%

WDAF vs. ITA - Expense Ratio Comparison

WDAF has a 0.45% expense ratio, which is higher than ITA's 0.38% expense ratio.

Dividends

WDAF vs. ITA - Dividend Comparison

WDAF's dividend yield for the trailing twelve months is around 0.12%, less than ITA's 0.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ITA iShares U.S. Aerospace & Defense ETF	0.45%	0.55%	0.85%	0.93%	0.95%	0.82%	1.07%	1.54%	1.13%	0.91%	1.07%	1.04%
WDAF WisdomTree Asia Defense Fund	0.12%	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 ITA in my portfolio?

WDAF and ITA have a correlation of 0.43, 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 ITA?

On fees, ITA is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WDAF or ITA?

ITA is cheaper with a 0.38% expense ratio, compared with 0.45% for WDAF.

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

ITA has the higher dividend yield at 0.45%, compared with 0.12% for WDAF.

What is the main difference between WDAF and ITA?

WDAF tracks WisdomTree Asia Defense Index, while ITA tracks Dow Jones U.S. Select Aerospace & Defense Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.45% for WDAF and 0.38% for ITA.