ESBG vs. WAMA
ESBG (First Trust Enhanced Stocks, Bonds & Gold ETF) and WAMA (WisdomTree U.S. Adaptive Moving Average Fund) are both Tactical Allocation funds. ESBG is actively managed, while WAMA is passively managed. A 0.76 correlation means they provide meaningful diversification when combined. ESBG charges 0.95%/yr vs 0.32%/yr for WAMA.
Performance
ESBG vs. WAMA - Performance Comparison
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Returns By Period
ESBG
- 1D
- -2.33%
- 1M
- -2.85%
- 6M
- -8.17%
- YTD
- -2.86%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WAMA
- 1D
- -0.71%
- 1M
- 1.42%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ESBG vs. WAMA - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ESBG First Trust Enhanced Stocks, Bonds & Gold ETF | -13.19% |
WAMA WisdomTree U.S. Adaptive Moving Average Fund | 7.31% |
Correlation
The correlation between ESBG and WAMA is 0.76, 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 Mar 12, 2026 | 0.76 |
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Return for Risk
ESBG vs. WAMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Enhanced Stocks, Bonds & Gold ETF (ESBG) and WisdomTree U.S. Adaptive Moving Average Fund (WAMA). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
ESBG vs. WAMA - Drawdown Comparison
The maximum ESBG drawdown since its inception was -18.84%, which is greater than WAMA's maximum drawdown of -5.73%. Use the drawdown chart below to compare losses from any high point for ESBG and WAMA.
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Drawdown Indicators
| ESBG | WAMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.84% | -5.73% | -13.11% |
Current DrawdownCurrent decline from peak | -17.63% | -1.11% | -16.52% |
Average DrawdownAverage peak-to-trough decline | -7.74% | -1.44% | -6.30% |
Volatility
ESBG vs. WAMA - Volatility Comparison
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Volatility by Period
| ESBG | WAMA | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 25.71% | 13.74% | +11.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.71% | 13.74% | +11.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.71% | 13.74% | +11.97% |
ESBG vs. WAMA - Expense Ratio Comparison
ESBG has a 0.95% expense ratio, which is higher than WAMA's 0.32% expense ratio.
Dividends
ESBG vs. WAMA - Dividend Comparison
ESBG's dividend yield for the trailing twelve months is around 1.12%, more than WAMA's 0.42% yield.
| Position | TTM | 2025 |
|---|---|---|
ESBG First Trust Enhanced Stocks, Bonds & Gold ETF | 1.12% | 0.24% |
WAMA WisdomTree U.S. Adaptive Moving Average Fund | 0.42% | 0.00% |
Frequently Asked Questions
ESBG and WAMA have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WAMA is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WAMA is cheaper with a 0.32% expense ratio, compared with 0.95% for ESBG.
ESBG has the higher dividend yield at 1.12%, compared with 0.42% for WAMA.
They also come from different issuers: First Trust and WisdomTree. Their fees differ too: 0.95% for ESBG and 0.32% for WAMA.
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