I have been reading a handful of review articles about the various types of DFT methods and their accuracies but my scope of knowledge is not very well versed enough in computational chemistry to fully understand the finer details. Most notably I'm interesting in the popular functionals B3LYP, WB97XD (ωB97X-D), and MP2.

As far as I understand the main differences between B3LYP and WB97XD are the addition of a semiempirical dispersion term that accounts for the weaker london forces. This results in greater accuracy in geometries of optimized structures using the respective functionals. For example in DOI: 10.1021/jo4018974 the author found that WB97XD had greater accuracy than B3LYP in predicting proton affinities of various amines using a relatively small basis set.

Now my biggest question lies in methods of DFT vs MP2. If I am not mistaken, MP2 methods attempt to solve the wavefunction, thus include the effects of dispersion but at great cost. At this point is the MP2 method still more accurate than WB97XD?

For example I am going under the suggestion of S. Grimme stating that "Any dispersion correction is better than none" but is it still beneficial to use a hybrid energy-geometry method such as MP2//WB97XD?

http://pubs.acs.org/doi/abs/10.1021/jo4018974

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