WDAF vs. WDEF.L

Last updated Jun 4, 2026

WDAF (WisdomTree Asia Defense Fund) and WDEF.L (WisdomTree Europe Defence UCITS ETF - EUR Acc EUR) are both Aerospace & Defense funds from WisdomTree - WDAF tracks the WisdomTree Asia Defense Index while WDEF.L tracks the WisdomTree Europe Defence UCITS Index. Both are passively managed. At a 0.25 correlation, their price movements are largely independent. WDAF charges 0.45%/yr vs 0.40%/yr for WDEF.L.

Performance

WDAF vs. WDEF.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Asia Defense Fund (WDAF) and WisdomTree Europe Defence UCITS ETF - EUR Acc EUR (WDEF.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

WDAF is traded in USD, while WDEF.L is traded in EUR. To make them comparable, the WDEF.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, WDAF achieves a 11.85% return, which is significantly higher than WDEF.L's -0.33% return.

WDAF

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

WDEF.L

• 1D: -1.42%
• 1M: -3.75%
• YTD: -0.33%
• 6M: 4.68%
• 1Y: -3.11%
• 3Y*: 12.95%
• 5Y*: 4.19%
• 10Y*: —

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

WDAF vs. WDEF.L - Yearly Performance Comparison

	2026 (YTD)	2025
WDAF WisdomTree Asia Defense Fund	11.85%	-7.62%
WDEF.L WisdomTree Europe Defence UCITS ETF - EUR Acc EUR	-0.33%	-6.67%

Correlation

The correlation between WDAF and WDEF.L is 0.25, 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 15, 2025	0.25

Return for Risk

WDAF vs. WDEF.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WDEF.L

WDEF.L Risk / Return Rank: 9
WDEF.L Sharpe Ratio Rank: 8
WDEF.L Sortino Ratio Rank: 12
WDEF.L Omega Ratio Rank: 14
WDEF.L Calmar Ratio Rank: 7
WDEF.L Martin Ratio Rank: 6

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. WDEF.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Asia Defense Fund (WDAF) and WisdomTree Europe Defence UCITS ETF - EUR Acc EUR (WDEF.L). 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	WDEF.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.04	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.34	-0.19

Drawdowns

WDAF vs. WDEF.L - Drawdown Comparison

The maximum WDAF drawdown since its inception was -18.21%, smaller than the maximum WDEF.L drawdown of -41.69%. Use the drawdown chart below to compare losses from any high point for WDAF and WDEF.L.

Drawdown Indicators

	WDAF	WDEF.L	Difference
Max Drawdown Largest peak-to-trough decline	-18.21%	-41.69%	+23.48%
Max Drawdown (1Y) Largest decline over 1 year	—	-26.82%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-26.82%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-41.69%	—
Current Drawdown Current decline from peak	-16.06%	-16.16%	+0.10%
Average Drawdown Average peak-to-trough decline	-6.09%	-11.68%	+5.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.59%	—

Volatility

Volatility by Period

	WDAF	WDEF.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	65.03%	—
Volatility (1Y) Calculated over the trailing 1-year period	32.10%	74.48%	-42.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.10%	44.73%	-12.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.10%	43.58%	-11.48%

WDAF vs. WDEF.L - Expense Ratio Comparison

WDAF has a 0.45% expense ratio, which is higher than WDEF.L's 0.40% expense ratio.

Dividends

WDAF vs. WDEF.L - Dividend Comparison

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

Position	TTM	2025
WDAF WisdomTree Asia Defense Fund	0.12%	0.13%
WDEF.L WisdomTree Europe Defence UCITS ETF - EUR Acc EUR	0.00%	0.00%

Frequently Asked Questions

Can I hold both WDAF and WDEF.L in my portfolio?

WDAF and WDEF.L have a correlation of 0.25, 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 WDEF.L?

On fees, WDEF.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WDAF or WDEF.L?

WDEF.L is cheaper with a 0.40% expense ratio, compared with 0.45% for WDAF.

What is the main difference between WDAF and WDEF.L?

WDAF tracks WisdomTree Asia Defense Index, while WDEF.L tracks WisdomTree Europe Defence UCITS Index. Their fees differ too: 0.45% for WDAF and 0.40% for WDEF.L.