AZTD vs. WBIF

Last updated Aug 5, 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 17.02%/yr vs 9.30%/yr for WBIF. Their 0.69 correlation means they have sometimes moved together and sometimes differently. 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 16.64% return, which is significantly lower than WBIF's 18.21% return.

AZTD

• 1D: 1.38%
• 1M: 0.44%
• 6M: 11.04%
• YTD: 16.64%
• 1Y: 20.83%
• 3Y*: 17.02%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.25%

WBIF

• 1D: 1.39%
• 1M: 2.61%
• 6M: 15.00%
• YTD: 18.21%
• 1Y: 24.99%
• 3Y*: 9.30%
• 5Y*: 3.59%
• 10Y*: 6.00%
• ALL TIME*: 4.11%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AZTD Aztlan Global Stock Selection Dm SMID ETF	$217.95K	$145.08K	$54.87K
WBIF WBI BullBear Value 3000 ETF	$783.61K	$393.57K	$177.99K

AZTD vs. WBIF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AZTD Aztlan Global Stock Selection Dm SMID ETF	16.64%	25.46%	6.87%	10.34%	-1.79%
WBIF WBI BullBear Value 3000 ETF	18.21%	9.16%	3.43%	0.49%	-8.00%

Correlation

The correlation between AZTD and WBIF is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.68
Correlation (3Y) Balances recent behavior with more history.	0.70
Correlation (All Time) Calculated using the full available price history since Aug 18, 2022	0.69

The correlation between AZTD and WBIF has been stable across timeframes, ranging from 0.68 to 0.70 - a consistent structural relationship.

AZTD vs. WBIF - Sectors Allocation Comparison

Sectors	AZTD	WBIF
Financial Services	21.5%	27.2%
Industrials	20.9%	16.2%
Consumer Cyclical	19.8%	15.3%
Technology	14.3%	25.6%
Healthcare	9.7%	3.2%
Basic Materials	4.0%	2.8%
Communication Services	3.3%	1.3%
Energy	2.5%	4.4%
Utilities	1.9%	2.0%
Consumer Defensive	1.6%	2.0%
Real Estate	-	-

Return for Risk

AZTD vs. WBIF — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AZTD

AZTD Risk / Return Rank: 43
AZTD Sharpe Ratio Rank: 42
AZTD Sortino Ratio Rank: 42
AZTD Omega Ratio Rank: 40
AZTD Calmar Ratio Rank: 46
AZTD Martin Ratio Rank: 47

WBIF

WBIF Risk / Return Rank: 81
WBIF Sharpe Ratio Rank: 77
WBIF Sortino Ratio Rank: 80
WBIF Omega Ratio Rank: 76
WBIF Calmar Ratio Rank: 87
WBIF Martin Ratio Rank: 85

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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	1.20	1.98	-0.79
Sortino ratio: Return per unit of downside risk	1.77	2.89	-1.11
Omega ratio: Gain probability vs. loss probability	1.21	1.36	-0.14
Calmar ratio: Return relative to maximum drawdown	1.87	3.80	-1.93
Martin ratio: Return relative to average drawdown	5.96	13.49	-7.53

AZTD vs. WBIF - Sharpe Ratio Comparison

The current AZTD Sharpe Ratio is 1.20, which is lower than the WBIF Sharpe Ratio of 1.98. 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	-0.91%	0.00%	-0.91%
Average Drawdown Average peak-to-trough decline	-3.81%	-7.64%	+3.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.50%	1.86%	+1.64%

Volatility

AZTD vs. WBIF - Volatility Comparison

Aztlan Global Stock Selection Dm SMID ETF (AZTD) has a higher volatility of 4.25% compared to WBI BullBear Value 3000 ETF (WBIF) at 3.94%. 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	4.25%	3.94%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	13.62%	9.37%	+4.25%
Volatility (1Y) Calculated over the trailing 1-year period	17.58%	12.71%	+4.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.44%	12.91%	+5.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.44%	12.40%	+6.04%

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 0.90%, more than WBIF's 0.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AZTD Aztlan Global Stock Selection Dm SMID ETF	0.90%	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	0.05%	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 0.68, 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 (4.25%) compared to WBIF (3.94%). 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 17.02% vs 9.30% for WBIF. On fees, AZTD is cheaper at 0.75% per year. On volatility, WBIF has been the lower-risk option at 3.94%. 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 17.02% return vs 9.30%. 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 0.90%, compared with 0.05% 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 (1.98 vs 1.20), 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.