In this paper, we analyze the performance of a distributed acoustic sensor at two different interrogation wavelengths. We show theoretically that, in a coherent optical time-domain reflectometry (OTDR) operating at 850 nm, the dynamic signal-to-noise ratio (SNR) is enhanced, compared to an identical configuration operating at 1550 nm. Such enhancement is maximum at the interrogating pulse input section, while decreasing along the fiber in virtue of the higher loss. Experimental tests, carried out using two heterodyne C-OTDR detection schemes operating at the analyzed wavelengths, confirm the SNR improvement.