AKAF vs. WBIF

Last updated Jun 26, 2026

AKAF (The Frontier Economic Fund) and WBIF (WBI BullBear Value 3000 ETF) are both Global Equities funds. AKAF is passively managed, while WBIF is actively managed. Over the past year, AKAF returned 27.47% vs 24.26% for WBIF. A 0.74 correlation means they provide meaningful diversification when combined. AKAF charges 0.20%/yr vs 1.25%/yr for WBIF.

Performance

AKAF vs. WBIF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Frontier Economic Fund (AKAF) and WBI BullBear Value 3000 ETF (WBIF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AKAF achieves a 8.79% return, which is significantly lower than WBIF's 13.45% return.

AKAF

• 1D: 0.26%
• 1M: -2.75%
• YTD: 8.79%
• 6M: 6.98%
• 1Y: 27.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

WBIF

• 1D: 0.17%
• 1M: 4.38%
• YTD: 13.45%
• 6M: 11.76%
• 1Y: 24.26%
• 3Y*: 8.61%
• 5Y*: 3.03%
• 10Y*: 6.06%

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

AKAF vs. WBIF - Yearly Performance Comparison

	2026 (YTD)	2025
AKAF The Frontier Economic Fund	8.79%	17.17%
WBIF WBI BullBear Value 3000 ETF	13.45%	9.53%

Correlation

The correlation between AKAF and WBIF is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.74

Return for Risk

AKAF vs. WBIF — Risk / Return Rank

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

AKAF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

WBIF

WBIF Risk / Return Rank: 73
WBIF Sharpe Ratio Rank: 69
WBIF Sortino Ratio Rank: 71
WBIF Omega Ratio Rank: 67
WBIF Calmar Ratio Rank: 80
WBIF Martin Ratio Rank: 78

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.

AKAF vs. WBIF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Frontier Economic Fund (AKAF) and WBI BullBear Value 3000 ETF (WBIF). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AKAF	WBIF	Difference
Sharpe ratio: Return per unit of total volatility	—	1.96	—
Sortino ratio: Return per unit of downside risk	—	2.81	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	3.69	—
Martin ratio: Return relative to average drawdown	—	13.09	—

Drawdowns

AKAF vs. WBIF - Drawdown Comparison

The maximum AKAF drawdown since its inception was -9.32%, smaller than the maximum WBIF drawdown of -20.29%. Use the drawdown chart below to compare losses from any high point for AKAF and WBIF.

Drawdown Indicators

	AKAF	WBIF	Difference
Max Drawdown Largest peak-to-trough decline	-9.32%	-20.29%	+10.97%
Max Drawdown (1Y) Largest decline over 1 year	-9.32%	-6.60%	-2.72%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.16%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.29%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-20.29%	—
Current Drawdown Current decline from peak	-4.18%	-0.50%	-3.68%
Average Drawdown Average peak-to-trough decline	-1.67%	-7.70%	+6.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.86%	—

Volatility

Volatility by Period

	AKAF	WBIF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.54%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.08%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.01%	12.46%	+2.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.01%	12.89%	+2.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.01%	12.36%	+2.65%

AKAF vs. WBIF - Expense Ratio Comparison

AKAF has a 0.20% expense ratio, which is lower than WBIF's 1.25% expense ratio.

Dividends

AKAF vs. WBIF - Dividend Comparison

AKAF's dividend yield for the trailing twelve months is around 3.03%, more than WBIF's 0.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AKAF The Frontier Economic Fund	3.03%	2.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WBIF WBI BullBear Value 3000 ETF	0.06%	0.14%	1.17%	0.82%	0.96%	2.59%	0.09%	1.04%	0.77%	0.75%	0.67%	0.86%

Frequently Asked Questions

Can I hold both AKAF and WBIF in my portfolio?

AKAF and WBIF have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AKAF or WBIF?

On 1-year performance, AKAF leads with 27.47% vs 24.26% for WBIF. On fees, AKAF is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AKAF or WBIF?

Over the 1-year period, AKAF has performed better with a 27.47% return vs 24.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AKAF or WBIF?

AKAF is cheaper with a 0.20% expense ratio, compared with 1.25% for WBIF.

Which ETF pays a higher dividend yield, AKAF or WBIF?

AKAF has the higher dividend yield at 3.03%, compared with 0.06% for WBIF.

What is the main difference between AKAF and WBIF?

They also come from different issuers: Prospr Aligned and WBI. Their fees differ too: 0.20% for AKAF and 1.25% for WBIF.