WDAF vs. NASA

Last updated Aug 4, 2026

WDAF (WisdomTree Asia Defense Fund) and NASA (Tema Space Innovators ETF) are both Aerospace & Defense funds. WDAF is passively managed, while NASA is actively managed. Their 0.51 correlation means they have sometimes moved together and sometimes differently. WDAF charges 0.45%/yr vs 0.75%/yr for NASA.

Performance

WDAF vs. NASA - Performance Comparison

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

Returns By Period

WDAF

• 1D: 1.89%
• 1M: -7.97%
• 6M: -12.60%
• YTD: 1.82%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

NASA

• 1D: 5.69%
• 1M: -21.69%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NASA Tema Space Innovators ETF	$29.16M	$43.00M	$221.75M
WDAF WisdomTree Asia Defense Fund	$216.97K	$187.82K	$494.71K

WDAF vs. NASA - Yearly Performance Comparison

	2026 (YTD)
WDAF WisdomTree Asia Defense Fund	-5.67%
NASA Tema Space Innovators ETF	-5.19%

Correlation

The correlation between WDAF and NASA is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 31, 2026	0.51

Return for Risk

WDAF vs. NASA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Asia Defense Fund (WDAF) and Tema Space Innovators ETF (NASA). 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

WDAF vs. NASA - Drawdown Comparison

The maximum WDAF drawdown since its inception was -28.19%, smaller than the maximum NASA drawdown of -50.97%. Use the drawdown chart below to compare losses from any high point for WDAF and NASA.

Drawdown Indicators

	WDAF	NASA	Difference
Max Drawdown Largest peak-to-trough decline	-28.19%	-50.97%	+22.78%
Current Drawdown Current decline from peak	-23.59%	-45.45%	+21.86%
Average Drawdown Average peak-to-trough decline	-8.53%	-18.19%	+9.66%

Volatility

Volatility by Period

	WDAF	NASA	Difference
Volatility (1Y) Calculated over the trailing 1-year period	33.45%	65.96%	-32.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.45%	65.96%	-32.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.45%	65.96%	-32.51%

WDAF vs. NASA - Expense Ratio Comparison

WDAF has a 0.45% expense ratio, which is lower than NASA's 0.75% expense ratio.

Dividends

WDAF vs. NASA - Dividend Comparison

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

Position	TTM	2025
NASA Tema Space Innovators ETF	0.00%	0.00%
WDAF WisdomTree Asia Defense Fund	0.13%	0.13%

Frequently Asked Questions

Can I hold both WDAF and NASA in my portfolio?

WDAF and NASA have a correlation of 0.51, 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 NASA?

On fees, WDAF is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WDAF or NASA?

WDAF is cheaper with a 0.45% expense ratio, compared with 0.75% for NASA.

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

WDAF has the higher dividend yield at 0.13%, compared with 0.00% for NASA.

What is the main difference between WDAF and NASA?

They also come from different issuers: WisdomTree and Tema. Their fees differ too: 0.45% for WDAF and 0.75% for NASA.