PSP vs. WBIF

Last updated Jun 4, 2026

PSP (Invesco Global Listed Private Equity ETF) and WBIF (WBI BullBear Value 3000 ETF) are both Global Equities funds. PSP is passively managed, while WBIF is actively managed. Over the past 10 years, PSP returned 7.53%/yr vs 5.52%/yr for WBIF. A 0.63 correlation means they provide meaningful diversification when combined. PSP charges 1.44%/yr vs 1.25%/yr for WBIF.

Performance

PSP vs. WBIF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Global Listed Private Equity ETF (PSP) 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, PSP achieves a -13.50% return, which is significantly lower than WBIF's 11.61% return. Over the past 10 years, PSP has outperformed WBIF with an annualized return of 7.53%, while WBIF has yielded a comparatively lower 5.52% annualized return.

PSP

• 1D: -4.75%
• 1M: -5.00%
• YTD: -13.50%
• 6M: -10.48%
• 1Y: -7.74%
• 3Y*: 10.19%
• 5Y*: -0.12%
• 10Y*: 7.53%

WBIF

• 1D: -0.97%
• 1M: 5.70%
• YTD: 11.61%
• 6M: 10.57%
• 1Y: 23.01%
• 3Y*: 8.85%
• 5Y*: 2.38%
• 10Y*: 5.52%

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

PSP vs. WBIF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSP Invesco Global Listed Private Equity ETF	-13.50%	6.49%	17.42%	37.72%	-37.37%	27.30%	12.47%	35.73%	-15.12%	24.13%
WBIF WBI BullBear Value 3000 ETF	11.61%	9.16%	3.43%	0.49%	-8.38%	16.56%	-2.71%	2.68%	-4.68%	19.42%

Correlation

The correlation between PSP and WBIF is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (10Y) Calculated over the trailing 10-year period	0.63
Correlation (All Time) Calculated using the full available price history since Aug 28, 2014	0.63

The correlation between PSP and WBIF has been stable across timeframes, ranging from 0.63 to 0.69 - a consistent structural relationship.

PSP vs. WBIF - Sectors Allocation Comparison

Sectors	PSP	WBIF
Financial Services	90.7%	31.0%
Consumer Defensive	5.4%	3.1%
Industrials	3.2%	14.6%
Communication Services	1.0%	2.6%
Healthcare	0.5%	3.4%
Basic Materials	0.1%	1.0%
Technology	0.1%	19.9%
Consumer Cyclical	-	11.1%
Energy	-	2.9%
Real Estate	-	-
Utilities	-	10.3%

Return for Risk

PSP vs. WBIF — Risk / Return Rank

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

PSP

PSP Risk / Return Rank: 5
PSP Sharpe Ratio Rank: 5
PSP Sortino Ratio Rank: 5
PSP Omega Ratio Rank: 5
PSP Calmar Ratio Rank: 6
PSP Martin Ratio Rank: 5

WBIF

WBIF Risk / Return Rank: 62
WBIF Sharpe Ratio Rank: 56
WBIF Sortino Ratio Rank: 58
WBIF Omega Ratio Rank: 55
WBIF Calmar Ratio Rank: 71
WBIF 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.

PSP vs. WBIF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Global Listed Private Equity ETF (PSP) 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.

	PSP	WBIF	Difference
Sharpe ratio: Return per unit of total volatility	-0.39	1.88	-2.27
Sortino ratio: Return per unit of downside risk	-0.41	2.73	-3.13
Omega ratio: Gain probability vs. loss probability	0.95	1.34	-0.39
Calmar ratio: Return relative to maximum drawdown	-0.35	3.50	-3.85
Martin ratio: Return relative to average drawdown	-0.80	12.53	-13.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSP vs. WBIF - Sharpe Ratio Comparison

The current PSP Sharpe Ratio is -0.39, which is lower than the WBIF Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of PSP 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.

Sharpe Ratios by Period

	PSP	WBIF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.39	1.88	-2.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.01	0.19	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.45	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.30	-0.22

Drawdowns

PSP vs. WBIF - Drawdown Comparison

The maximum PSP drawdown since its inception was -85.40%, which is greater than WBIF's maximum drawdown of -20.29%. Use the drawdown chart below to compare losses from any high point for PSP and WBIF.

Drawdown Indicators

	PSP	WBIF	Difference
Max Drawdown Largest peak-to-trough decline	-85.40%	-20.29%	-65.11%
Max Drawdown (1Y) Largest decline over 1 year	-22.37%	-6.60%	-15.77%
Max Drawdown (3Y) Largest decline over 3 years	-22.94%	-17.16%	-5.78%
Max Drawdown (5Y) Largest decline over 5 years	-47.16%	-20.29%	-26.87%
Max Drawdown (10Y) Largest decline over 10 years	-47.16%	-20.29%	-26.87%
Current Drawdown Current decline from peak	-17.72%	-0.97%	-16.75%
Average Drawdown Average peak-to-trough decline	-30.69%	-7.74%	-22.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.67%	1.84%	+7.83%

Volatility

PSP vs. WBIF - Volatility Comparison

Invesco Global Listed Private Equity ETF (PSP) has a higher volatility of 6.89% compared to WBI BullBear Value 3000 ETF (WBIF) at 4.13%. This indicates that PSP'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

	PSP	WBIF	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.89%	4.13%	+2.76%
Volatility (6M) Calculated over the trailing 6-month period	16.20%	8.63%	+7.57%
Volatility (1Y) Calculated over the trailing 1-year period	19.91%	12.31%	+7.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.79%	12.86%	+10.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.45%	12.34%	+10.11%

PSP vs. WBIF - Expense Ratio Comparison

PSP has a 1.44% expense ratio, which is higher than WBIF's 1.25% expense ratio.

Dividends

PSP vs. WBIF - Dividend Comparison

PSP's dividend yield for the trailing twelve months is around 6.68%, more than WBIF's 0.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSP Invesco Global Listed Private Equity ETF	6.68%	5.87%	8.62%	3.96%	2.88%	10.34%	4.66%	5.87%	6.81%	10.18%	4.12%	6.23%
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 PSP and WBIF in my portfolio?

PSP and WBIF have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSP or WBIF?

PSP has higher volatility (6.89%) compared to WBIF (4.13%). In terms of maximum drawdown, PSP dropped -85.40% vs WBIF's -20.29%.

Which ETF is better, PSP or WBIF?

On 10-year performance, PSP leads with 7.53% vs 5.52% for WBIF. On fees, WBIF is cheaper at 1.25% per year. On volatility, WBIF has been the lower-risk option at 4.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSP or WBIF?

Over the 10-year period, PSP has performed better with a 7.53% return vs 5.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSP or WBIF?

WBIF is cheaper with a 1.25% expense ratio, compared with 1.44% for PSP.

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

PSP has the higher dividend yield at 6.68%, compared with 0.06% for WBIF.

What is the main difference between PSP and WBIF?

They also come from different issuers: Invesco and WBI. Their fees differ too: 1.44% for PSP and 1.25% for WBIF.

Which has better risk-adjusted returns?

WBIF currently has the higher Sharpe Ratio (1.88 vs -0.39), 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.