AVGE vs. WBIG

Last updated Jun 6, 2026

AVGE (Avantis All Equity Markets ETF) and WBIG (WBI BullBear Yield 3000 ETF) are both Global Equities funds. Both are actively managed. Over the past 3 years, AVGE returned 20.53%/yr vs 5.59%/yr for WBIG. A 0.80 correlation means they provide meaningful diversification when combined. AVGE charges 0.23%/yr vs 1.14%/yr for WBIG.

Performance

AVGE vs. WBIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis All Equity Markets ETF (AVGE) and WBI BullBear Yield 3000 ETF (WBIG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVGE achieves a 13.09% return, which is significantly higher than WBIG's 7.41% return.

AVGE

• 1D: -2.63%
• 1M: -0.61%
• YTD: 13.09%
• 6M: 13.81%
• 1Y: 31.15%
• 3Y*: 20.53%
• 5Y*: —
• 10Y*: —

WBIG

• 1D: -1.51%
• 1M: 2.21%
• YTD: 7.41%
• 6M: 6.60%
• 1Y: 18.82%
• 3Y*: 5.59%
• 5Y*: 0.39%
• 10Y*: 3.70%

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

AVGE vs. WBIG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AVGE Avantis All Equity Markets ETF	13.09%	20.84%	13.96%	19.04%	11.18%
WBIG WBI BullBear Yield 3000 ETF	7.41%	-0.39%	5.87%	-2.68%	-1.61%

Correlation

The correlation between AVGE and WBIG is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (All Time) Calculated using the full available price history since Sep 30, 2022	0.80

The correlation between AVGE and WBIG has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.

Return for Risk

AVGE vs. WBIG — Risk / Return Rank

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

AVGE

AVGE Risk / Return Rank: 77
AVGE Sharpe Ratio Rank: 78
AVGE Sortino Ratio Rank: 77
AVGE Omega Ratio Rank: 77
AVGE Calmar Ratio Rank: 74
AVGE Martin Ratio Rank: 80

WBIG

WBIG Risk / Return Rank: 66
WBIG Sharpe Ratio Rank: 60
WBIG Sortino Ratio Rank: 62
WBIG Omega Ratio Rank: 61
WBIG Calmar Ratio Rank: 78
WBIG Martin Ratio Rank: 68

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.

AVGE vs. WBIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis All Equity Markets ETF (AVGE) and WBI BullBear Yield 3000 ETF (WBIG). 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.

	AVGE	WBIG	Difference
Sharpe ratio: Return per unit of total volatility	2.45	1.89	+0.56
Sortino ratio: Return per unit of downside risk	3.34	2.71	+0.63
Omega ratio: Gain probability vs. loss probability	1.45	1.35	+0.10
Calmar ratio: Return relative to maximum drawdown	3.64	3.73	-0.09
Martin ratio: Return relative to average drawdown	15.51	11.71	+3.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVGE vs. WBIG - Sharpe Ratio Comparison

The current AVGE Sharpe Ratio is 2.45, which is comparable to the WBIG Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of AVGE and WBIG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AVGE	WBIG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.45	1.89	+0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.03	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.32	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.43	0.14	+1.30

Drawdowns

AVGE vs. WBIG - Drawdown Comparison

The maximum AVGE drawdown since its inception was -17.13%, smaller than the maximum WBIG drawdown of -25.32%. Use the drawdown chart below to compare losses from any high point for AVGE and WBIG.

Drawdown Indicators

	AVGE	WBIG	Difference
Max Drawdown Largest peak-to-trough decline	-17.13%	-25.32%	+8.19%
Max Drawdown (1Y) Largest decline over 1 year	-8.60%	-5.06%	-3.54%
Max Drawdown (3Y) Largest decline over 3 years	-17.13%	-20.20%	+3.07%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.32%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-25.32%	—
Current Drawdown Current decline from peak	-2.72%	-5.94%	+3.22%
Average Drawdown Average peak-to-trough decline	-2.41%	-10.92%	+8.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	1.61%	+0.40%

Volatility

AVGE vs. WBIG - Volatility Comparison

Avantis All Equity Markets ETF (AVGE) has a higher volatility of 4.19% compared to WBI BullBear Yield 3000 ETF (WBIG) at 3.82%. This indicates that AVGE's price experiences larger fluctuations and is considered to be riskier than WBIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVGE	WBIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.19%	3.82%	+0.37%
Volatility (6M) Calculated over the trailing 6-month period	10.08%	6.75%	+3.33%
Volatility (1Y) Calculated over the trailing 1-year period	12.76%	9.98%	+2.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.25%	12.06%	+3.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.25%	11.56%	+3.69%

AVGE vs. WBIG - Expense Ratio Comparison

AVGE has a 0.23% expense ratio, which is lower than WBIG's 1.14% expense ratio.

Dividends

AVGE vs. WBIG - Dividend Comparison

AVGE's dividend yield for the trailing twelve months is around 1.65%, more than WBIG's 1.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVGE Avantis All Equity Markets ETF	1.65%	1.67%	1.92%	1.93%	0.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WBIG WBI BullBear Yield 3000 ETF	1.23%	1.74%	2.05%	1.74%	1.29%	2.94%	0.90%	1.87%	1.20%	1.27%	0.96%	1.41%

Frequently Asked Questions

Can I hold both AVGE and WBIG in my portfolio?

AVGE and WBIG have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVGE or WBIG?

AVGE has higher volatility (4.19%) compared to WBIG (3.82%). In terms of maximum drawdown, AVGE dropped -17.13% vs WBIG's -25.32%.

Which ETF is better, AVGE or WBIG?

On 3-year performance, AVGE leads with 20.53% vs 5.59% for WBIG. On fees, AVGE is cheaper at 0.23% per year. On volatility, WBIG has been the lower-risk option at 3.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVGE or WBIG?

Over the 3-year period, AVGE has performed better with a 20.53% return vs 5.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVGE or WBIG?

AVGE is cheaper with a 0.23% expense ratio, compared with 1.14% for WBIG.

Which ETF pays a higher dividend yield, AVGE or WBIG?

AVGE has the higher dividend yield at 1.65%, compared with 1.23% for WBIG.

What is the main difference between AVGE and WBIG?

They also come from different issuers: Avantis and WBI. Their fees differ too: 0.23% for AVGE and 1.14% for WBIG.

Which has better risk-adjusted returns?

AVGE currently has the higher Sharpe Ratio (2.45 vs 1.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.