WDAF vs. WAR

Last updated Jun 4, 2026

WDAF (WisdomTree Asia Defense Fund) and WAR (U.S. Global Technology and Aerospace & Defense ETF) are both Aerospace & Defense funds. WDAF is passively managed, while WAR is actively managed. At a correlation of -0.09, they often move in opposite directions. WDAF charges 0.45%/yr vs 0.60%/yr for WAR.

Performance

WDAF vs. WAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Asia Defense Fund (WDAF) and U.S. Global Technology and Aerospace & Defense ETF (WAR). 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*: —

WAR

• 1D: -1.92%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WDAF vs. WAR - Yearly Performance Comparison

	2026 (YTD)
WDAF WisdomTree Asia Defense Fund	-10.38%
WAR U.S. Global Technology and Aerospace & Defense ETF	2.67%

Correlation

The correlation between WDAF and WAR is -0.09, 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 May 27, 2026	-0.09

Return for Risk

WDAF vs. WAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Asia Defense Fund (WDAF) and U.S. Global Technology and Aerospace & Defense ETF (WAR). 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	WAR	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	5.18	-5.03

Drawdowns

WDAF vs. WAR - Drawdown Comparison

The maximum WDAF drawdown since its inception was -18.21%, which is greater than WAR's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for WDAF and WAR.

Drawdown Indicators

	WDAF	WAR	Difference
Max Drawdown Largest peak-to-trough decline	-18.21%	-1.92%	-16.29%
Current Drawdown Current decline from peak	-16.06%	-1.92%	-14.14%
Average Drawdown Average peak-to-trough decline	-6.09%	-0.88%	-5.21%

Volatility

Volatility by Period

	WDAF	WAR	Difference
Volatility (1Y) Calculated over the trailing 1-year period	32.10%	42.90%	-10.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.10%	42.90%	-10.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.10%	42.90%	-10.80%

WDAF vs. WAR - Expense Ratio Comparison

WDAF has a 0.45% expense ratio, which is lower than WAR's 0.60% expense ratio.

Dividends

WDAF vs. WAR - Dividend Comparison

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

Position	TTM	2025
WAR U.S. Global Technology and Aerospace & Defense ETF	0.00%	0.00%
WDAF WisdomTree Asia Defense Fund	0.12%	0.13%

Frequently Asked Questions

Can I hold both WDAF and WAR in my portfolio?

WDAF and WAR have a correlation of -0.09, 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 WAR?

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 WAR?

WDAF is cheaper with a 0.45% expense ratio, compared with 0.60% for WAR.

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

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

What is the main difference between WDAF and WAR?

They also come from different issuers: WisdomTree and US Global. Their fees differ too: 0.45% for WDAF and 0.60% for WAR.