WDNA vs. SURI

Last updated Jun 4, 2026

WDNA (WisdomTree BioRevolution Fund) and SURI (Simplify Propel Opportunities ETF) are both Health & Biotech Equities funds. WDNA is passively managed, while SURI is actively managed. Over the past 3 years, WDNA returned 2.45%/yr vs 6.93%/yr for SURI. A 0.64 correlation means they provide meaningful diversification when combined. WDNA charges 0.45%/yr vs 2.51%/yr for SURI.

Performance

WDNA vs. SURI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree BioRevolution Fund (WDNA) and Simplify Propel Opportunities ETF (SURI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with WDNA having a 5.85% return and SURI slightly higher at 6.10%.

WDNA

• 1D: 1.24%
• 1M: -0.73%
• YTD: 5.85%
• 6M: 8.14%
• 1Y: 45.86%
• 3Y*: 2.45%
• 5Y*: -5.33%
• 10Y*: —

SURI

• 1D: -1.15%
• 1M: -2.84%
• YTD: 6.10%
• 6M: 3.98%
• 1Y: 32.89%
• 3Y*: 6.93%
• 5Y*: —
• 10Y*: —

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

WDNA vs. SURI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
WDNA WisdomTree BioRevolution Fund	5.85%	22.68%	-14.18%	-5.66%
SURI Simplify Propel Opportunities ETF	6.10%	28.32%	-13.34%	-2.87%

Correlation

The correlation between WDNA and SURI is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (All Time) Calculated using the full available price history since Feb 9, 2023	0.64

The correlation between WDNA and SURI shifts across timeframes, from 0.50 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.

WDNA vs. SURI - Sectors Allocation Comparison

Sectors	WDNA	SURI
Healthcare	85.0%	56.4%
Basic Materials	6.5%	-
Consumer Defensive	3.0%	-
Energy	1.1%	43.6%
Communication Services	-	-
Consumer Cyclical	-	-
Financial Services	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

WDNA vs. SURI — Risk / Return Rank

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

WDNA

WDNA Risk / Return Rank: 57
WDNA Sharpe Ratio Rank: 53
WDNA Sortino Ratio Rank: 55
WDNA Omega Ratio Rank: 48
WDNA Calmar Ratio Rank: 78
WDNA Martin Ratio Rank: 53

SURI

SURI Risk / Return Rank: 45
SURI Sharpe Ratio Rank: 41
SURI Sortino Ratio Rank: 42
SURI Omega Ratio Rank: 39
SURI Calmar Ratio Rank: 57
SURI Martin Ratio Rank: 48

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.

WDNA vs. SURI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree BioRevolution Fund (WDNA) and Simplify Propel Opportunities ETF (SURI). 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.

	WDNA	SURI	Difference
Sharpe ratio: Return per unit of total volatility	1.81	1.46	+0.35
Sortino ratio: Return per unit of downside risk	2.64	2.11	+0.54
Omega ratio: Gain probability vs. loss probability	1.30	1.26	+0.04
Calmar ratio: Return relative to maximum drawdown	3.94	2.81	+1.13
Martin ratio: Return relative to average drawdown	8.95	7.91	+1.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WDNA vs. SURI - Sharpe Ratio Comparison

The current WDNA Sharpe Ratio is 1.81, which is comparable to the SURI Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of WDNA and SURI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WDNA	SURI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	1.46	+0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.21	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.21	0.15	-0.36

Drawdowns

WDNA vs. SURI - Drawdown Comparison

The maximum WDNA drawdown since its inception was -58.87%, which is greater than SURI's maximum drawdown of -47.76%. Use the drawdown chart below to compare losses from any high point for WDNA and SURI.

Drawdown Indicators

	WDNA	SURI	Difference
Max Drawdown Largest peak-to-trough decline	-58.87%	-47.76%	-11.11%
Max Drawdown (1Y) Largest decline over 1 year	-11.70%	-11.78%	+0.08%
Max Drawdown (3Y) Largest decline over 3 years	-38.25%	-47.76%	+9.51%
Max Drawdown (5Y) Largest decline over 5 years	-58.87%	—	—
Current Drawdown Current decline from peak	-31.86%	-17.46%	-14.40%
Average Drawdown Average peak-to-trough decline	-35.65%	-17.37%	-18.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.14%	4.17%	+0.97%

Volatility

WDNA vs. SURI - Volatility Comparison

WisdomTree BioRevolution Fund (WDNA) has a higher volatility of 6.75% compared to Simplify Propel Opportunities ETF (SURI) at 5.89%. This indicates that WDNA's price experiences larger fluctuations and is considered to be riskier than SURI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WDNA	SURI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.75%	5.89%	+0.86%
Volatility (6M) Calculated over the trailing 6-month period	16.39%	14.29%	+2.10%
Volatility (1Y) Calculated over the trailing 1-year period	25.53%	22.79%	+2.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.04%	28.27%	-3.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.04%	28.27%	-3.23%

WDNA vs. SURI - Expense Ratio Comparison

WDNA has a 0.45% expense ratio, which is lower than SURI's 2.51% expense ratio.

Dividends

WDNA vs. SURI - Dividend Comparison

WDNA's dividend yield for the trailing twelve months is around 4.31%, less than SURI's 16.04% yield.

Position	TTM	2025	2024	2023	2022	2021
SURI Simplify Propel Opportunities ETF	16.04%	16.31%	21.41%	14.71%	0.00%	0.00%
WDNA WisdomTree BioRevolution Fund	4.31%	4.57%	0.75%	0.80%	0.38%	0.10%

Frequently Asked Questions

Can I hold both WDNA and SURI in my portfolio?

WDNA and SURI have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WDNA or SURI?

WDNA has higher volatility (6.75%) compared to SURI (5.89%). In terms of maximum drawdown, WDNA dropped -58.87% vs SURI's -47.76%.

Which ETF is better, WDNA or SURI?

On 3-year performance, SURI leads with 6.93% vs 2.45% for WDNA. On fees, WDNA is cheaper at 0.45% per year. On volatility, SURI has been the lower-risk option at 5.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WDNA or SURI?

Over the 3-year period, SURI has performed better with a 6.93% return vs 2.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WDNA or SURI?

WDNA is cheaper with a 0.45% expense ratio, compared with 2.51% for SURI.

Which ETF pays a higher dividend yield, WDNA or SURI?

SURI has the higher dividend yield at 16.04%, compared with 4.31% for WDNA.

What is the main difference between WDNA and SURI?

They also come from different issuers: WisdomTree and Simplify. Their fees differ too: 0.45% for WDNA and 2.51% for SURI.

Which has better risk-adjusted returns?

WDNA currently has the higher Sharpe Ratio (1.81 vs 1.46), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.