WDGF vs. BDRY

Last updated Jun 4, 2026

WDGF (WisdomTree Global Defense Fund) and BDRY (Breakwave Dry Bulk Shipping ETF) are both exchange-traded funds - WDGF is a Aerospace & Defense fund tracking the WisdomTree Global Defense Index, while BDRY is a Commodities fund tracking the Breakwave Dry Freight Futures Index. Both are passively managed. At a correlation of -0.09, they often move in opposite directions. WDGF charges 0.45%/yr vs 3.76%/yr for BDRY.

Performance

WDGF vs. BDRY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Global Defense Fund (WDGF) and Breakwave Dry Bulk Shipping ETF (BDRY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WDGF achieves a 3.03% return, which is significantly lower than BDRY's 43.90% return.

WDGF

• 1D: -1.45%
• 1M: -3.36%
• YTD: 3.03%
• 6M: 8.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BDRY

• 1D: -2.47%
• 1M: 7.04%
• YTD: 43.90%
• 6M: 35.70%
• 1Y: 142.69%
• 3Y*: 27.14%
• 5Y*: -11.69%
• 10Y*: —

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

WDGF vs. BDRY - Yearly Performance Comparison

	2026 (YTD)	2025
WDGF WisdomTree Global Defense Fund	3.03%	-0.25%
BDRY Breakwave Dry Bulk Shipping ETF	43.90%	8.27%

Correlation

The correlation between WDGF and BDRY 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 Sep 15, 2025	-0.09

Return for Risk

WDGF vs. BDRY — Risk / Return Rank

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

BDRY

BDRY Risk / Return Rank: 85
BDRY Sharpe Ratio Rank: 92
BDRY Sortino Ratio Rank: 79
BDRY Omega Ratio Rank: 74
BDRY Calmar Ratio Rank: 93
BDRY Martin Ratio Rank: 88

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.

WDGF vs. BDRY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Global Defense Fund (WDGF) and Breakwave Dry Bulk Shipping ETF (BDRY). 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

	WDGF	BDRY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.40	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.19	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	-0.13	+0.31

Drawdowns

WDGF vs. BDRY - Drawdown Comparison

The maximum WDGF drawdown since its inception was -14.36%, smaller than the maximum BDRY drawdown of -89.16%. Use the drawdown chart below to compare losses from any high point for WDGF and BDRY.

Drawdown Indicators

	WDGF	BDRY	Difference
Max Drawdown Largest peak-to-trough decline	-14.36%	-89.16%	+74.80%
Max Drawdown (1Y) Largest decline over 1 year	—	-21.60%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-69.71%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-89.16%	—
Current Drawdown Current decline from peak	-12.77%	-69.60%	+56.83%
Average Drawdown Average peak-to-trough decline	-5.46%	-58.38%	+52.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.40%	—

Volatility

Volatility by Period

	WDGF	BDRY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	30.02%	—
Volatility (1Y) Calculated over the trailing 1-year period	22.41%	42.29%	-19.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.41%	60.70%	-38.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.41%	62.58%	-40.17%

WDGF vs. BDRY - Expense Ratio Comparison

WDGF has a 0.45% expense ratio, which is lower than BDRY's 3.76% expense ratio.

Dividends

WDGF vs. BDRY - Dividend Comparison

WDGF's dividend yield for the trailing twelve months is around 0.05%, while BDRY has not paid dividends to shareholders.

Position	TTM	2025
BDRY Breakwave Dry Bulk Shipping ETF	0.00%	0.00%
WDGF WisdomTree Global Defense Fund	0.05%	0.05%

Frequently Asked Questions

Can I hold both WDGF and BDRY in my portfolio?

WDGF and BDRY 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, WDGF or BDRY?

On fees, WDGF 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, WDGF or BDRY?

WDGF is cheaper with a 0.45% expense ratio, compared with 3.76% for BDRY.

Which ETF pays a higher dividend yield, WDGF or BDRY?

WDGF has the higher dividend yield at 0.05%, compared with 0.00% for BDRY.

What is the main difference between WDGF and BDRY?

WDGF is categorized as Aerospace & Defense, while BDRY is Commodities. WDGF tracks WisdomTree Global Defense Index, while BDRY tracks Breakwave Dry Freight Futures Index. They also come from different issuers: WisdomTree and ETFMG. Their fees differ too: 0.45% for WDGF and 3.76% for BDRY.