WDGF vs. DRNZ

Last updated Jun 4, 2026

WDGF (WisdomTree Global Defense Fund) and DRNZ (REX Drone ETF) are both Aerospace & Defense funds - WDGF tracks the WisdomTree Global Defense Index while DRNZ tracks the VettaFi Drone Index. Both are passively managed. A 0.67 correlation means they provide meaningful diversification when combined. WDGF charges 0.45%/yr vs 0.65%/yr for DRNZ.

Performance

WDGF vs. DRNZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Global Defense Fund (WDGF) and REX Drone ETF (DRNZ). 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 DRNZ's 24.77% return.

WDGF

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

DRNZ

• 1D: -6.81%
• 1M: 4.78%
• YTD: 24.77%
• 6M: 32.75%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WDGF vs. DRNZ - Yearly Performance Comparison

	2026 (YTD)	2025
WDGF WisdomTree Global Defense Fund	3.03%	-2.87%
DRNZ REX Drone ETF	24.77%	-10.89%

Correlation

The correlation between WDGF and DRNZ is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 30, 2025	0.67

Return for Risk

WDGF vs. DRNZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Global Defense Fund (WDGF) and REX Drone ETF (DRNZ). 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	DRNZ	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.39	-0.22

Drawdowns

WDGF vs. DRNZ - Drawdown Comparison

The maximum WDGF drawdown since its inception was -14.36%, smaller than the maximum DRNZ drawdown of -24.52%. Use the drawdown chart below to compare losses from any high point for WDGF and DRNZ.

Drawdown Indicators

	WDGF	DRNZ	Difference
Max Drawdown Largest peak-to-trough decline	-14.36%	-24.52%	+10.16%
Current Drawdown Current decline from peak	-12.77%	-7.44%	-5.33%
Average Drawdown Average peak-to-trough decline	-5.46%	-11.12%	+5.66%

Volatility

Volatility by Period

	WDGF	DRNZ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	22.41%	50.82%	-28.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.41%	50.82%	-28.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.41%	50.82%	-28.41%

WDGF vs. DRNZ - Expense Ratio Comparison

WDGF has a 0.45% expense ratio, which is lower than DRNZ's 0.65% expense ratio.

Dividends

WDGF vs. DRNZ - Dividend Comparison

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

Position	TTM	2025
DRNZ REX Drone ETF	0.00%	0.00%
WDGF WisdomTree Global Defense Fund	0.05%	0.05%

Frequently Asked Questions

Can I hold both WDGF and DRNZ in my portfolio?

WDGF and DRNZ have a correlation of 0.67, 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 DRNZ?

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 DRNZ?

WDGF is cheaper with a 0.45% expense ratio, compared with 0.65% for DRNZ.

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

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

What is the main difference between WDGF and DRNZ?

WDGF tracks WisdomTree Global Defense Index, while DRNZ tracks VettaFi Drone Index. They also come from different issuers: WisdomTree and REX. Their fees differ too: 0.45% for WDGF and 0.65% for DRNZ.