WDGF vs. EWZ
WDGF (WisdomTree Global Defense Fund) and EWZ (iShares MSCI Brazil ETF) are both exchange-traded funds - WDGF is a Aerospace & Defense fund tracking the WisdomTree Global Defense Index, while EWZ is a Latin America Equities fund tracking the MSCI Brazil 25/50 Index. Both are passively managed. At a 0.45 correlation, their price movements are largely independent. WDGF charges 0.45%/yr vs 0.59%/yr for EWZ.
Performance
WDGF vs. EWZ - Performance Comparison
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Returns By Period
In the year-to-date period, WDGF achieves a 0.72% return, which is significantly lower than EWZ's 8.51% return.
WDGF
- 1D
- -0.60%
- 1M
- -4.73%
- YTD
- 0.72%
- 6M
- -0.76%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EWZ
- 1D
- -0.35%
- 1M
- -5.21%
- YTD
- 8.51%
- 6M
- 9.29%
- 1Y
- 29.01%
- 3Y*
- 7.56%
- 5Y*
- 3.74%
- 10Y*
- 7.48%
WDGF vs. EWZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WDGF WisdomTree Global Defense Fund | 0.72% | -0.39% |
EWZ iShares MSCI Brazil ETF | 8.51% | 9.43% |
Correlation
The correlation between WDGF and EWZ is 0.45, 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 12, 2025 | 0.45 |
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Return for Risk
WDGF vs. EWZ — Risk / Return Rank
WDGF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EWZ
WDGF vs. EWZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Global Defense Fund (WDGF) and iShares MSCI Brazil ETF (EWZ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WDGF | EWZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.21 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.51 | — |
| Martin ratioReturn relative to average drawdown | — | 4.37 | — |
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Drawdowns
WDGF vs. EWZ - Drawdown Comparison
The maximum WDGF drawdown since its inception was -14.73%, smaller than the maximum EWZ drawdown of -77.25%. Use the drawdown chart below to compare losses from any high point for WDGF and EWZ.
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Drawdown Indicators
| WDGF | EWZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.73% | -77.25% | +62.52% |
Max Drawdown (1Y)Largest decline over 1 year | — | -19.27% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -31.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.99% | — |
Current DrawdownCurrent decline from peak | -14.73% | -24.43% | +9.70% |
Average DrawdownAverage peak-to-trough decline | -5.90% | -35.92% | +30.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.65% | — |
Volatility
WDGF vs. EWZ - Volatility Comparison
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Volatility by Period
| WDGF | EWZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.05% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.72% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.60% | 25.14% | -2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.60% | 27.72% | -5.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.60% | 34.00% | -11.40% |
WDGF vs. EWZ - Expense Ratio Comparison
WDGF has a 0.45% expense ratio, which is lower than EWZ's 0.59% expense ratio.
Dividends
WDGF vs. EWZ - Dividend Comparison
WDGF's dividend yield for the trailing twelve months is around 0.05%, less than EWZ's 4.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWZ iShares MSCI Brazil ETF | 4.29% | 5.19% | 8.91% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.08% |
WDGF WisdomTree Global Defense Fund | 0.05% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WDGF and EWZ have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
WDGF is cheaper with a 0.45% expense ratio, compared with 0.59% for EWZ.
EWZ has the higher dividend yield at 4.29%, compared with 0.05% for WDGF.
WDGF is categorized as Aerospace & Defense, while EWZ is Latin America Equities. WDGF tracks WisdomTree Global Defense Index, while EWZ tracks MSCI Brazil 25/50 Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.45% for WDGF and 0.59% for EWZ.
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