WDAF vs. ORBX

Last updated Jun 4, 2026

WDAF (WisdomTree Asia Defense Fund) and ORBX (Global X Space Tech ETF) are both Aerospace & Defense funds - WDAF tracks the WisdomTree Asia Defense Index while ORBX tracks the Global X Space Tech Index. Both are passively managed. At a 0.42 correlation, their price movements are largely independent. WDAF charges 0.45%/yr vs 0.50%/yr for ORBX.

Performance

WDAF vs. ORBX - Performance Comparison

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

Returns By Period

WDAF

• 1D: -1.56%
• 1M: -13.31%
• YTD: 11.85%
• 6M: 16.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ORBX

• 1D: -7.31%
• 1M: 23.50%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WDAF vs. ORBX - Yearly Performance Comparison

	2026 (YTD)
WDAF WisdomTree Asia Defense Fund	-11.12%
ORBX Global X Space Tech ETF	22.02%

Correlation

The correlation between WDAF and ORBX is 0.42, 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 Apr 16, 2026	0.42

Return for Risk

WDAF vs. ORBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Asia Defense Fund (WDAF) and Global X Space Tech ETF (ORBX). 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	ORBX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	4.31	-4.16

Drawdowns

WDAF vs. ORBX - Drawdown Comparison

The maximum WDAF drawdown since its inception was -18.21%, roughly equal to the maximum ORBX drawdown of -18.53%. Use the drawdown chart below to compare losses from any high point for WDAF and ORBX.

Drawdown Indicators

	WDAF	ORBX	Difference
Max Drawdown Largest peak-to-trough decline	-18.21%	-18.53%	+0.32%
Current Drawdown Current decline from peak	-16.06%	-18.53%	+2.47%
Average Drawdown Average peak-to-trough decline	-6.09%	-5.01%	-1.08%

Volatility

Volatility by Period

	WDAF	ORBX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	32.10%	79.41%	-47.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.10%	79.41%	-47.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.10%	79.41%	-47.31%

WDAF vs. ORBX - Expense Ratio Comparison

WDAF has a 0.45% expense ratio, which is lower than ORBX's 0.50% expense ratio.

Dividends

WDAF vs. ORBX - Dividend Comparison

WDAF's dividend yield for the trailing twelve months is around 0.12%, while ORBX has not paid dividends to shareholders.

Position	TTM	2025
ORBX Global X Space Tech ETF	0.00%	0.00%
WDAF WisdomTree Asia Defense Fund	0.12%	0.13%

Frequently Asked Questions

Can I hold both WDAF and ORBX in my portfolio?

WDAF and ORBX have a correlation of 0.42, 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 ORBX?

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 ORBX?

WDAF is cheaper with a 0.45% expense ratio, compared with 0.50% for ORBX.

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

WDAF has the higher dividend yield at 0.12%, compared with 0.00% for ORBX.

What is the main difference between WDAF and ORBX?

WDAF tracks WisdomTree Asia Defense Index, while ORBX tracks Global X Space Tech Index. They also come from different issuers: WisdomTree and Global X. Their fees differ too: 0.45% for WDAF and 0.50% for ORBX.