Skip to content
etf.net

WDAF

GradeCNASDAQ Global Select

WisdomTree Asia Defense Fund

Themes · WisdomTree · Inception 2025-09-12

$30.12−1.08 (−3.46%)

As of Sep 23, 2026, 3:10 PM EDT

History starts Sep 12, 2025.
Intraday session: down, 16 prints from 31.20 to 30.12. Range 30.12 to 30.42. Use the arrow keys to read each point.$30.20$30.30$30.4010 AM12 PM2 PM4 PM
Expense ratio
0.45%
Fund size
$11M
1Y return
−0.2%
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$30.86
52W range
low $26.67high $38.62

The ETF.net WDAF Grade

C

44/ 100

Rank 14 of 26 in Defense & Aerospace⁠

Confidence Medium

Six-pillar profile for WDAF. Scores out of 100: Cost 66, Risk 22, Mission not scored, Tradability 30, Holdings 31, Durability 50. Strongest: Cost (66). Weakest: Risk (22). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 44 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 66
    Category rank9/26 · top 35%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 22
    Category rank23/25 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 30
    Category rank20/26 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 31
    Category rank21/26 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 50
    Category rank15/26 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on WDAF

ETF.net Research

CMost defense ETFs are a story about the US primes. WDAF flips the map: a rules-based basket of Asia-Pacific defense names, weighted toward the companies that earn the biggest share of their revenue from defense.

Stated mandate

The Fund seeks to follow the pre-fee price and yield performance of the WisdomTree Asia Defense Index. It uses passive indexing with representative sampling and normally invests at least 80% of net assets in index constituents or economically similar investments.

Why people hold it

  1. 01Pure-play Indo-Pacific defense: Japan, South Korea, India, Taiwan, Australia and neighbors. The best-known funds in its peer group lean US (XAR, ITA) or transatlantic (NATO).wisdomtree.com
  2. 020.45% a year, below the median fee for defense-theme ETFs.
  3. 03Weighting is not just size. Each name's market cap is scaled by how much revenue comes from defense, then capped at 7.5% for the purest plays and 4% for everyone else.wisdomtree.com
  4. 04Clear rules: at least 10% defense revenue, $200M free float and $1M average daily volume to qualify, with the roster rebuilt each March and September.wisdomtree.comsec.gov

Worth knowing

  1. 01Launched in 2025 and still small, so it trades thinly next to the long-established US defense funds and bid-ask spreads can be wider.
  2. 02If fewer than 20 companies clear the screen, the index loosens the revenue bar in 1% steps down to a 5% floor, so some holdings can be light on actual defense work.wisdomtree.com
  3. 03One sector, one region. WisdomTree notes that sector-focused funds are more exposed to any single economic or regulatory development, and the index holds as few as 20 names.wisdomtree.comsec.gov

WDAF Holdings

As of Sep 22, 2026, 12:08 AM
Asset class
Stocks
Holdings
—
Top-10 weight
63%
Largest holding
012450.KS8.6%

Geography

  • Korea (the Republic of)43.16%
  • India29.49%
  • Japan15.19%
  • Australia6.50%
  • Singapore3.85%
  • Taiwan (Province of China)1.80%

Developed 26% · Emerging 74% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 5.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001012450.KSHanwha Techwin Co Ltd8.64%1,196$933K93
002HAL.BOHindustan Aeronautics Ltd8.61%18,578$930K63
003079550.KSLIG Nex1 Co Ltd8.08%1,622$873K70
004047810.KSKorea Aerospace Industries Ltd7.61%8,756$822K70
005BEL.BOBharat Electronics Ltd7.17%188,678$774K68
006064350.KSHyundai Rotem Co Ltd5.26%6,409$568K85
0077013.TIHI Corp4.90%29,200$529K105
008272210.KSHanwha Systems Co Ltd4.33%8,074$467K70
0097011.TMitsubishi Heavy Industries Ltd4.32%18,920$466K130
010S63.SISingapore Technologies Engineering Ltd3.84%50,875$415K105
0117012.TKawasaki Heavy Industries Ltd3.56%25,150$384K94
012329180.KSHyundai Heavy Industries Co Ltd3.17%1,029$342K83
013042660.KSDaewoo Shipbuilding & Marine E2.79%5,015$301K65
014CDA.AXCodan Ltd/Australia1.78%5,383$192K56
015MAZDOCK.BOMazagon Dock Shipbuilders Ltd1.69%7,693$183K19

Showing 1–15 of 68 holdings

WDAF Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

WDAF$9,978
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. WDAF $9,978. SPY $11,723. Use the arrow keys to read each point.$8,296$10,366$12,435Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for WDAF. Periods over one year show the average yearly return.
PeriodWDAF
Year to date+9.4%
1 month+1.1%
3 months−6.1%
1 year−0.2%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for WDAF
YearReturn barWDAF
2026 YTD+9.4%
2025−7.6%

Since listing, Sep 12, 2025

WDAF in the news

ETF.net Research hasn’t filed on WDAF yet — coverage lands here as it’s written.

WDAF Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.04 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 26, 2025 $0.04. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 26, 2025Dec 30, 2025$0.04

WDAF Risk

How much the fund’s monthly returns vary, scaled to a year.
—
No data available
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
No data available
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−28.2%
12 months · trough Jul 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.24
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

WDAF Cost

Expense ratio0.45%
  • The middle half of Defense & Aerospace funds
  • Median 0.50%

6 of the 25 Defense & Aerospace funds charge less.

WDAF costs $45.00 a year on $10,000. The median Defense & Aerospace fund costs $50.00.