CVAR vs. WBIY

Last updated Apr 1, 2026

Compare and contrast key facts about Cultivar ETF (CVAR) and WBI Power Factor High Dividend ETF (WBIY).

CVAR and WBIY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CVAR is an actively managed fund by Cultivar. It was launched on Dec 22, 2021. WBIY is a passively managed fund by WBI that tracks the performance of the Solactive Power Factor High Dividend Index. It was launched on Dec 19, 2016.

Performance

CVAR vs. WBIY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cultivar ETF (CVAR) and WBI Power Factor High Dividend ETF (WBIY). The values are adjusted to include any dividend payments, if applicable.

CVAR vs. WBIY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CVAR Cultivar ETF	-0.40%	14.95%	3.12%	11.74%	-5.03%	0.71%
WBIY WBI Power Factor High Dividend ETF	7.21%	13.00%	8.36%	13.80%	-0.52%	1.56%

Returns By Period

In the year-to-date period, CVAR achieves a -0.40% return, which is significantly lower than WBIY's 7.21% return.

CVAR

• 1D: 1.10%
• 1M: -7.18%
• YTD: -0.40%
• 6M: 1.93%
• 1Y: 10.52%
• 3Y*: 7.39%
• 5Y*: —
• 10Y*: —

WBIY

• 1D: 0.86%
• 1M: -2.56%
• YTD: 7.21%
• 6M: 12.26%
• 1Y: 20.75%
• 3Y*: 13.82%
• 5Y*: 9.92%
• 10Y*: —

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

CVAR vs. WBIY - Expense Ratio Comparison

CVAR has a 0.87% expense ratio, which is lower than WBIY's 0.97% expense ratio.

WBIY

WBI Power Factor High Dividend ETF

CVAR

Cultivar ETF

Return for Risk

CVAR vs. WBIY — Risk / Return Rank

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

CVAR

CVAR Risk / Return Rank: 37
CVAR Sharpe Ratio Rank: 37
CVAR Sortino Ratio Rank: 37
CVAR Omega Ratio Rank: 34
CVAR Calmar Ratio Rank: 39
CVAR Martin Ratio Rank: 39

WBIY

WBIY Risk / Return Rank: 63
WBIY Sharpe Ratio Rank: 62
WBIY Sortino Ratio Rank: 67
WBIY Omega Ratio Rank: 58
WBIY Calmar Ratio Rank: 66
WBIY Martin Ratio Rank: 64

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.

CVAR vs. WBIY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cultivar ETF (CVAR) and WBI Power Factor High Dividend ETF (WBIY). 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.

	CVAR	WBIY	Difference
Sharpe ratio Return per unit of total volatility	0.71	1.07	-0.35
Sortino ratio Return per unit of downside risk	1.10	1.67	-0.57
Omega ratio Gain probability vs. loss probability	1.14	1.21	-0.07
Calmar ratio Return relative to maximum drawdown	1.01	1.67	-0.66
Martin ratio Return relative to average drawdown	3.64	6.30	-2.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CVAR vs. WBIY - Sharpe Ratio Comparison

The current CVAR Sharpe Ratio is 0.71, which is lower than the WBIY Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of CVAR and WBIY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CVAR	WBIY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.71	1.07	-0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.37	-0.01

Correlation

The correlation between CVAR and WBIY is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

CVAR vs. WBIY - Dividend Comparison

CVAR's dividend yield for the trailing twelve months is around 1.53%, less than WBIY's 4.52% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CVAR Cultivar ETF	1.53%	1.53%	3.57%	1.41%	5.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WBIY WBI Power Factor High Dividend ETF	4.52%	4.73%	4.57%	4.87%	4.40%	3.94%	5.10%	4.54%	3.25%	5.84%	0.01%

Drawdowns

CVAR vs. WBIY - Drawdown Comparison

The maximum CVAR drawdown since its inception was -19.39%, smaller than the maximum WBIY drawdown of -48.71%. Use the drawdown chart below to compare losses from any high point for CVAR and WBIY.

Drawdown Indicators

	CVAR	WBIY	Difference
Max Drawdown Largest peak-to-trough decline	-19.39%	-48.71%	+29.32%
Max Drawdown (1Y) Largest decline over 1 year	-10.62%	-12.94%	+2.32%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.97%	—
Current Drawdown Current decline from peak	-7.18%	-3.30%	-3.88%
Average Drawdown Average peak-to-trough decline	-5.49%	-7.20%	+1.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	3.43%	-0.46%

Volatility

CVAR vs. WBIY - Volatility Comparison

Cultivar ETF (CVAR) has a higher volatility of 3.76% compared to WBI Power Factor High Dividend ETF (WBIY) at 2.93%. This indicates that CVAR's price experiences larger fluctuations and is considered to be riskier than WBIY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CVAR	WBIY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.76%	2.93%	+0.83%
Volatility (6M) Calculated over the trailing 6-month period	8.81%	10.12%	-1.31%
Volatility (1Y) Calculated over the trailing 1-year period	14.80%	19.51%	-4.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.70%	18.51%	-2.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.70%	22.80%	-7.10%