Do WDAF and WDGF hold the same stocks?

By their latest filings, 14% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, WDAF or WDGF?

WDAF has 0% of its weight in S&P 500 names and WDGF has 35%, so WDAF differs more from the index.

Which is cheaper, WDAF or WDGF?

WDAF and WDGF both charge 0.45% a year, so neither is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

WDAF vs WDGF: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, WDAF returned −16.2% to WDGF's −2.9%; 14% of their weight is in the same names.

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Net assets on Jun 30, 2026: $22m for WisdomTree Asia Defense Fund and $5.3m for WisdomTree Global Defense Fund.

WDAF on its own →WDGF on its own →

At a glance

0.0%

WDAF in the S&P 500

34.9%

WDGF in the S&P 500

−16.2%

WDAF total return, 1 year

−2.9%

WDGF total return, 1 year

WDAF · 1 year to Nov 4, 2026 100% of its weight is outside the S&P 500

0% of WDAF's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Jun 30, 2026.

WDGF · 1 year to Nov 4, 2026 65% of its weight is outside the S&P 500

35% of WDGF's weight is in S&P 500 companies and 65% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

Both cost 0.45% a year; their one-year returns differ by 13.3 points; WDAF is 4.2 times larger.

WDAF vs WDGF: Holdings Overlap & Returns
Measure	WDAF	WDGF
Return
Measure	WDAF	WDGF
Total return, 1 year	−16.2%	−2.9%
Drawdown
Measure	WDAF	WDGF
Below its all-time high	31.8%, high on May 5, 2026	16.9%, high on Mar 9, 2026
Benchmark
Measure	WDAF	WDGF
What it tracks	Defense	Defense
Cost and size
Measure	WDAF	WDGF
Expense ratio	0.45%	0.45%
Net assets, as of Jun 30, 2026	$22m	$5.3m
Holdings
Measure	WDAF	WDGF
Holdings in common	14%

Method

Risk and return

Sep 19, 2025 to Oct 30, 2026 · 58 weekly returns

WDAF WDGF

Return

Total return edge WDGF −20.9% −0.7%

Annualized edge WDGF −18.9% −0.6%

Price return edge WDGF −21.0% −0.7%

Risk

Volatility edge WDGF 35.2% 26.4%

Max drawdown edge WDGF −33.0% −18.2%

Risk-adjusted

Sharpe edge WDGF −0.53 −0.04

Sortino edge WDGF −0.72 −0.06

Calmar edge WDGF −0.57 −0.03

Reading

From Sep 2025 to Oct 2026, WDGF returned more: −0.7% to −20.9%. WDGF swung less: 26.4% to 35.2%. WDGF fell less at its worst: −18.2% to −33.0%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: WDAF vs WDGF: Holdings Overlap & Returns
Measure	WDAF	WDGF	Edge	How it is measured
Return
Total return	−20.9%	−0.7%	WDGF	Price change plus distributions, reinvested.
Annualized	−18.9%	−0.6%	WDGF	Total return as a yearly rate.
Price return	−21.0%	−0.7%	WDGF	Price change alone, distributions left out.
Risk
Volatility	35.2%	26.4%	WDGF	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	26.0%	17.5%	WDGF	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−33.0%	−18.2%	WDGF	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.53	−0.04	WDGF	Return above Treasury bills per unit of volatility.
Sortino	−0.72	−0.06	WDGF	Return above Treasury bills per unit of downside deviation.
Calmar	−0.57	−0.03	WDGF	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 58 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

14%

By the books each fund has filed, WDAF and WDGF hold 14% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.

50%

0 half 100%

half

14% in common

Positions both hold · largest shared weight first WDAF WDGF

HANWHA AEROSPACE CO LTD 7.31% 2.51%

HINDUSTAN AERONAUTICS LTD 8.00% 2.09%

BHARAT ELECTRONICS LTD 7.82% 2.05%

SINGAPORE TECHNOLOGIES ENGINEERING LTD 3.96% 1.10%

HYUNDAI ROTEM COMPANY 6.84% 0.87%

LIG DEFENSE & AEROSPACE CO LTD 7.00% 0.73%

MAZAGON DOCK SHIPBUILDERS LTD 1.83% 0.72%

KOREA AEROSPACE INDUSTRIES LTD 7.69% 0.70%

HANWHA SYSTEMS CO LTD 3.66% 0.68%

BHARAT DYNAMICS LTD 1.26% 0.40%

GARDEN REACH SHIPBUILDERS & ENGINEERS LTD 0.78% 0.23%

DATA PATTERNS (INDIA) LTD 1.11% 0.18%

Only in one fund ↓

Only in WDAF

IHI CORP 4.57%

KAWASAKI HEAVY INDUSTRIES LTD 4.22%

MITSUBISHI HEAVY INDUSTRIES LTD 4.17%

HD HYUNDAI HEAVY INDUSTRIES CO LTD 3.63%

HANWHA OCEAN CO LTD 2.98%

BHARAT FORGE LTD 1.75%

CODAN LTD 1.59%

SOLAR INDUSTRIES INDIA LTD 1.52%

Only in WDGF

RTX CORP 5.46%

GENERAL DYNAMICS CORP 5.18%

BAE SYSTEMS PLC 5.04%

LOCKHEED MARTIN CORP 4.93%

NORTHROP GRUMMAN CORP 4.92%

PALANTIR TECHNOLOGIES INC 4.72%

RHEINMETALL AG 4.27%

THALES SA 3.35%

Check overlap with more funds →

Window by window

Window by window: WDAF vs WDGF: Holdings Overlap & Returns
	Total return
Window	WDAF	WDGF
3 months	−16.4%	−9.9%
6 months	−31.3%	−9.6%
1 year	−16.2%	−2.9%
Since launchWDAF Sep 2025 · WDGF Sep 2025	−16.0%	−2.1%

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Side by side

WDAF WisdomTree Asia Defense Fund · Holds 61 stocks in defense, 0% of its weight in S&P 500 companies WDGF WisdomTree Global Defense Fund · Holds 115 stocks in defense, 35% of its weight in S&P 500 companies

Issuer WisdomTree WisdomTree

Theme Defense Defense

In the S&P 500 0.0% 34.9%

Active share vs the S&P 500 100.0% 98.3%

In the Nasdaq-100 0.0% 7.1%

Holdings 61 115

Top ten, share of the fund 61.6% 44.2%

Expense ratio 0.45% 0.45%

Fee for the differing part 0.45% 0.46%

Total return, 1 year −16.2% −2.9%

vs its benchmark not measured not measured

Below its high −31.8% −16.9%

Net assets, as of Jun 30, 2026 $22m $5.3m

As of Nov 4, 2026. Source: ETFIQ.

14% of the two portfolios are the same securities at the same weight.

Client brief:

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About each fund

WDAF

By weight, 0% of WDAF's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 62% of the fund across 61 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned −16.2% with distributions reinvested. It sits 31.8% below its all-time high of May 5, 2026.

WDGF

By weight, 35% of WDGF's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 44% of the fund across 115 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned −2.9% with distributions reinvested. It sits 16.9% below its all-time high of Mar 9, 2026.

Questions people ask

Do WDAF and WDGF hold the same stocks?: By their latest filings, 14% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, WDAF or WDGF?: WDAF has 0% of its weight in S&P 500 names and WDGF has 35%, so WDAF differs more from the index.
Which is cheaper, WDAF or WDGF?: WDAF and WDGF both charge 0.45% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

WDAF vs AMMO WDAF vs DUTY WDAF vs WR WDAF vs AV WDGF vs FOWF WDGF vs ARMY WDGF vs GCAD WDGF vs KDEF

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →WDAF on its own →WDGF on its own →WDAF dividend history →WDAF holdings →WDGF dividend history →WDGF holdings →Method →Standards and sources →

Sources and dates

WDAF and WDGF filings on SEC EDGAR ↗

WDAF and WDGF prospectus with the expense ratio (SEC) ↗

WisdomTree page for WDAF ↗

WisdomTree page for WDGF ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, WDAF against WDGF, data as of Nov 4, 2026. https://etfiq.com/compare/themes/wdaf-vs-wdgf

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.