AZTD vs. WBIF

Last updated Jun 26, 2026

AZTD (Aztlan Global Stock Selection Dm SMID ETF) and WBIF (WBI BullBear Value 3000 ETF) are both Global Equities funds. AZTD is passively managed, while WBIF is actively managed. Over the past 3 years, AZTD returned 17.36%/yr vs 8.61%/yr for WBIF. A 0.70 correlation means they provide meaningful diversification when combined. AZTD charges 0.75%/yr vs 1.25%/yr for WBIF.

Performance

AZTD vs. WBIF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aztlan Global Stock Selection Dm SMID ETF (AZTD) 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, AZTD achieves a 14.72% return, which is significantly higher than WBIF's 13.45% return.

AZTD

• 1D: 0.95%
• 1M: 1.30%
• YTD: 14.72%
• 6M: 12.64%
• 1Y: 24.63%
• 3Y*: 17.36%
• 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)

AZTD vs. WBIF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AZTD Aztlan Global Stock Selection Dm SMID ETF	14.72%	25.46%	6.87%	10.34%	-1.79%
WBIF WBI BullBear Value 3000 ETF	13.45%	9.16%	3.43%	0.49%	-8.00%

Correlation

The correlation between AZTD and WBIF is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (All Time) Calculated using the full available price history since Aug 18, 2022	0.70

The correlation between AZTD and WBIF has been stable across timeframes, ranging from 0.70 to 0.71 - a consistent structural relationship.

AZTD vs. WBIF - Sectors Allocation Comparison

Sectors	AZTD	WBIF
Consumer Cyclical	21.1%	15.5%
Technology	20.7%	34.6%
Industrials	17.9%	10.6%
Financial Services	14.6%	21.9%
Healthcare	8.8%	4.3%
Energy	5.8%	0.7%
Consumer Defensive	4.0%	2.1%
Communication Services	3.9%	1.8%
Basic Materials	3.6%	6.5%
Utilities	3.6%	2.0%
Real Estate	-	-

Return for Risk

AZTD vs. WBIF — Risk / Return Rank

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

AZTD

AZTD Risk / Return Rank: 45
AZTD Sharpe Ratio Rank: 44
AZTD Sortino Ratio Rank: 44
AZTD Omega Ratio Rank: 41
AZTD Calmar Ratio Rank: 50
AZTD Martin Ratio Rank: 47

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.

AZTD vs. WBIF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aztlan Global Stock Selection Dm SMID ETF (AZTD) 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.

	AZTD	WBIF	Difference
Sharpe ratio: Return per unit of total volatility	1.40	1.96	-0.56
Sortino ratio: Return per unit of downside risk	2.03	2.81	-0.78
Omega ratio: Gain probability vs. loss probability	1.25	1.35	-0.11
Calmar ratio: Return relative to maximum drawdown	2.21	3.69	-1.48
Martin ratio: Return relative to average drawdown	7.18	13.09	-5.91

AZTD vs. WBIF - Sharpe Ratio Comparison

The current AZTD Sharpe Ratio is 1.40, which is comparable to the WBIF Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of AZTD and WBIF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AZTD vs. WBIF - Drawdown Comparison

The maximum AZTD drawdown since its inception was -16.75%, smaller than the maximum WBIF drawdown of -20.29%. Use the drawdown chart below to compare losses from any high point for AZTD and WBIF.

Drawdown Indicators

	AZTD	WBIF	Difference
Max Drawdown Largest peak-to-trough decline	-16.75%	-20.29%	+3.54%
Max Drawdown (1Y) Largest decline over 1 year	-11.19%	-6.60%	-4.59%
Max Drawdown (3Y) Largest decline over 3 years	-16.75%	-17.16%	+0.41%
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	-1.20%	-0.50%	-0.70%
Average Drawdown Average peak-to-trough decline	-3.86%	-7.70%	+3.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.44%	1.86%	+1.58%

Volatility

AZTD vs. WBIF - Volatility Comparison

Aztlan Global Stock Selection Dm SMID ETF (AZTD) has a higher volatility of 4.77% compared to WBI BullBear Value 3000 ETF (WBIF) at 4.54%. This indicates that AZTD's price experiences larger fluctuations and is considered to be riskier than WBIF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AZTD	WBIF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.77%	4.54%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	13.46%	9.08%	+4.38%
Volatility (1Y) Calculated over the trailing 1-year period	17.68%	12.46%	+5.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.55%	12.89%	+5.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.55%	12.36%	+6.19%

AZTD vs. WBIF - Expense Ratio Comparison

AZTD has a 0.75% expense ratio, which is lower than WBIF's 1.25% expense ratio.

Dividends

AZTD vs. WBIF - Dividend Comparison

AZTD's dividend yield for the trailing twelve months is around 0.92%, more than WBIF's 0.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AZTD Aztlan Global Stock Selection Dm SMID ETF	0.92%	1.05%	1.87%	0.12%	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 AZTD and WBIF in my portfolio?

AZTD and WBIF have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AZTD or WBIF?

AZTD has higher volatility (4.77%) compared to WBIF (4.54%). In terms of maximum drawdown, AZTD dropped -16.75% vs WBIF's -20.29%.

Which ETF is better, AZTD or WBIF?

On 3-year performance, AZTD leads with 17.36% vs 8.61% for WBIF. On fees, AZTD is cheaper at 0.75% per year. On volatility, WBIF has been the lower-risk option at 4.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AZTD or WBIF?

Over the 3-year period, AZTD has performed better with a 17.36% return vs 8.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AZTD or WBIF?

AZTD is cheaper with a 0.75% expense ratio, compared with 1.25% for WBIF.

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

AZTD has the higher dividend yield at 0.92%, compared with 0.06% for WBIF.

What is the main difference between AZTD and WBIF?

They also come from different issuers: Aztlan and WBI. Their fees differ too: 0.75% for AZTD and 1.25% for WBIF.

Which has better risk-adjusted returns?

WBIF currently has the higher Sharpe Ratio (1.96 vs 1.40), 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.