WDGF vs. QQQ

Last updated Jun 4, 2026

WDGF (WisdomTree Global Defense Fund) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - WDGF is a Aerospace & Defense fund tracking the WisdomTree Global Defense Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. At a 0.49 correlation, their price movements are largely independent. WDGF charges 0.45%/yr vs 0.18%/yr for QQQ.

Performance

WDGF vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Global Defense Fund (WDGF) and Invesco QQQ ETF (QQQ). 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 QQQ's 21.30% return.

WDGF

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

QQQ

• 1D: -0.26%
• 1M: 10.60%
• YTD: 21.30%
• 6M: 19.66%
• 1Y: 41.82%
• 3Y*: 28.78%
• 5Y*: 17.97%
• 10Y*: 21.94%

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

WDGF vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025
WDGF WisdomTree Global Defense Fund	3.03%	-0.25%
QQQ Invesco QQQ ETF	21.30%	4.97%

Correlation

The correlation between WDGF and QQQ is 0.49, 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	0.49

Return for Risk

WDGF vs. QQQ — Risk / Return Rank

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

QQQ

QQQ Risk / Return Rank: 73
QQQ Sharpe Ratio Rank: 79
QQQ Sortino Ratio Rank: 75
QQQ Omega Ratio Rank: 74
QQQ Calmar Ratio Rank: 69
QQQ Martin Ratio Rank: 71

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. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Global Defense Fund (WDGF) and Invesco QQQ ETF (QQQ). 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	QQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.64	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.81	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.99	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.41	-0.24

Drawdowns

WDGF vs. QQQ - Drawdown Comparison

The maximum WDGF drawdown since its inception was -14.36%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for WDGF and QQQ.

Drawdown Indicators

	WDGF	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-14.36%	-82.97%	+68.61%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.96%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-12.77%	-0.26%	-12.51%
Average Drawdown Average peak-to-trough decline	-5.46%	-32.79%	+27.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.11%	—

Volatility

Volatility by Period

	WDGF	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.49%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	22.41%	15.94%	+6.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.41%	22.38%	+0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.41%	22.29%	+0.12%

WDGF vs. QQQ - Expense Ratio Comparison

WDGF has a 0.45% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

WDGF vs. QQQ - Dividend Comparison

WDGF's dividend yield for the trailing twelve months is around 0.05%, less than QQQ's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQ Invesco QQQ ETF	0.38%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%
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

Can I hold both WDGF and QQQ in my portfolio?

WDGF and QQQ have a correlation of 0.49, 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 QQQ?

On fees, QQQ is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WDGF or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.45% for WDGF.

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

QQQ has the higher dividend yield at 0.38%, compared with 0.05% for WDGF.

What is the main difference between WDGF and QQQ?

WDGF is categorized as Aerospace & Defense, while QQQ is Nasdaq-100. WDGF tracks WisdomTree Global Defense Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.45% for WDGF and 0.18% for QQQ.