WDGF vs. GCAD
WDGF (WisdomTree Global Defense Fund) and GCAD (Gabelli Commercial Aerospace & Defense ETF) are both Aerospace & Defense funds. WDGF is passively managed, while GCAD is actively managed. Their correlation of 0.83 suggests significant overlap in exposure. WDGF charges 0.45%/yr vs 0.00%/yr for GCAD.
Performance
WDGF vs. GCAD - Performance Comparison
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Returns By Period
In the year-to-date period, WDGF achieves a 4.55% return, which is significantly lower than GCAD's 15.90% return.
WDGF
- 1D
- -1.76%
- 1M
- -2.27%
- YTD
- 4.55%
- 6M
- 11.25%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GCAD
- 1D
- -0.17%
- 1M
- 5.91%
- YTD
- 15.90%
- 6M
- 21.60%
- 1Y
- 39.40%
- 3Y*
- 33.97%
- 5Y*
- —
- 10Y*
- —
WDGF vs. GCAD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WDGF WisdomTree Global Defense Fund | 4.55% | -0.25% |
GCAD Gabelli Commercial Aerospace & Defense ETF | 15.90% | 8.72% |
Correlation
The correlation between WDGF and GCAD is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 15, 2025 | 0.83 |
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Return for Risk
WDGF vs. GCAD — Risk / Return Rank
WDGF
GCAD
WDGF vs. GCAD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Global Defense Fund (WDGF) and Gabelli Commercial Aerospace & Defense ETF (GCAD). 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.
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Sharpe Ratios by Period
| WDGF | GCAD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 1.60 | -1.33 |
Drawdowns
WDGF vs. GCAD - Drawdown Comparison
The maximum WDGF drawdown since its inception was -14.36%, smaller than the maximum GCAD drawdown of -16.14%. Use the drawdown chart below to compare losses from any high point for WDGF and GCAD.
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Drawdown Indicators
| WDGF | GCAD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.36% | -16.14% | +1.78% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.96% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.14% | — |
Current DrawdownCurrent decline from peak | -11.49% | -4.43% | -7.06% |
Average DrawdownAverage peak-to-trough decline | -5.42% | -3.02% | -2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.31% | — |
Volatility
WDGF vs. GCAD - Volatility Comparison
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Volatility by Period
| WDGF | GCAD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.01% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.30% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.40% | 19.18% | +3.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.40% | 18.48% | +3.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.40% | 18.48% | +3.92% |
WDGF vs. GCAD - Expense Ratio Comparison
WDGF has a 0.45% expense ratio, which is higher than GCAD's 0.00% expense ratio.
Dividends
WDGF vs. GCAD - Dividend Comparison
WDGF's dividend yield for the trailing twelve months is around 0.05%, less than GCAD's 1.78% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GCAD Gabelli Commercial Aerospace & Defense ETF | 1.78% | 2.06% | 4.94% | 3.62% |
WDGF WisdomTree Global Defense Fund | 0.05% | 0.05% | 0.00% | 0.00% |
Frequently Asked Questions
WDGF and GCAD have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GCAD is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GCAD is cheaper with a 0.00% expense ratio, compared with 0.45% for WDGF.
GCAD has the higher dividend yield at 1.78%, compared with 0.05% for WDGF.
They also come from different issuers: WisdomTree and Gabelli. Their fees differ too: 0.45% for WDGF and 0.00% for GCAD.
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