SPGM vs. WBIF

Last updated Jun 3, 2026

SPGM (SPDR Portfolio MSCI Global Stock Market ETF) and WBIF (WBI BullBear Value 3000 ETF) are both Global Equities funds. SPGM is passively managed, while WBIF is actively managed. Over the past 10 years, SPGM returned 13.05%/yr vs 5.62%/yr for WBIF. A 0.69 correlation means they provide meaningful diversification when combined. SPGM charges 0.09%/yr vs 1.25%/yr for WBIF.

Performance

SPGM vs. WBIF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio MSCI Global Stock Market ETF (SPGM) 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, SPGM achieves a 13.86% return, which is significantly higher than WBIF's 12.70% return. Over the past 10 years, SPGM has outperformed WBIF with an annualized return of 13.05%, while WBIF has yielded a comparatively lower 5.62% annualized return.

SPGM

• 1D: 0.46%
• 1M: 5.38%
• YTD: 13.86%
• 6M: 15.08%
• 1Y: 33.29%
• 3Y*: 21.82%
• 5Y*: 11.84%
• 10Y*: 13.05%

WBIF

• 1D: 0.15%
• 1M: 6.09%
• YTD: 12.70%
• 6M: 12.42%
• 1Y: 25.40%
• 3Y*: 9.21%
• 5Y*: 2.62%
• 10Y*: 5.62%

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

SPGM vs. WBIF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPGM SPDR Portfolio MSCI Global Stock Market ETF	13.86%	23.62%	16.75%	21.34%	-17.53%	21.13%	15.28%	26.58%	-10.12%	23.26%
WBIF WBI BullBear Value 3000 ETF	12.70%	9.16%	3.43%	0.49%	-8.38%	16.56%	-2.71%	2.68%	-4.68%	19.42%

Correlation

The correlation between SPGM and WBIF is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since Aug 28, 2014	0.69

The correlation between SPGM and WBIF has been stable across timeframes, ranging from 0.69 to 0.77 - a consistent structural relationship.

SPGM vs. WBIF - Sectors Allocation Comparison

Sectors	SPGM	WBIF
Technology	27.4%	19.9%
Financial Services	16.4%	31.0%
Industrials	13.1%	14.6%
Consumer Cyclical	9.2%	11.1%
Communication Services	8.5%	2.6%
Healthcare	8.2%	3.4%
Consumer Defensive	4.8%	3.1%
Energy	4.5%	2.9%
Basic Materials	3.9%	1.0%
Utilities	2.2%	10.3%
Real Estate	1.9%	-

Return for Risk

SPGM vs. WBIF — Risk / Return Rank

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

SPGM

SPGM Risk / Return Rank: 78
SPGM Sharpe Ratio Rank: 79
SPGM Sortino Ratio Rank: 78
SPGM Omega Ratio Rank: 78
SPGM Calmar Ratio Rank: 71
SPGM Martin Ratio Rank: 81

WBIF

WBIF Risk / Return Rank: 66
WBIF Sharpe Ratio Rank: 61
WBIF Sortino Ratio Rank: 63
WBIF Omega Ratio Rank: 60
WBIF Calmar Ratio Rank: 74
WBIF Martin Ratio Rank: 72

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.

SPGM vs. WBIF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio MSCI Global Stock Market ETF (SPGM) 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.

	SPGM	WBIF	Difference
Sharpe ratio Return per unit of total volatility	2.60	2.08	+0.53
Sortino ratio Return per unit of downside risk	3.55	2.99	+0.55
Omega ratio Gain probability vs. loss probability	1.47	1.37	+0.10
Calmar ratio Return relative to maximum drawdown	3.59	3.82	-0.22
Martin ratio Return relative to average drawdown	16.27	13.69	+2.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPGM vs. WBIF - Sharpe Ratio Comparison

The current SPGM Sharpe Ratio is 2.60, which is comparable to the WBIF Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of SPGM 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

	SPGM	WBIF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.60	2.08	+0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.20	+0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	0.46	+0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.31	+0.35

Drawdowns

SPGM vs. WBIF - Drawdown Comparison

The maximum SPGM drawdown since its inception was -33.97%, which is greater than WBIF's maximum drawdown of -20.29%. Use the drawdown chart below to compare losses from any high point for SPGM and WBIF.

Drawdown Indicators

	SPGM	WBIF	Difference
Max Drawdown Largest peak-to-trough decline	-33.97%	-20.29%	-13.68%
Max Drawdown (1Y) Largest decline over 1 year	-9.50%	-6.60%	-2.90%
Max Drawdown (3Y) Largest decline over 3 years	-16.90%	-17.16%	+0.26%
Max Drawdown (5Y) Largest decline over 5 years	-25.93%	-20.29%	-5.64%
Max Drawdown (10Y) Largest decline over 10 years	-33.97%	-20.29%	-13.68%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.81%	-7.74%	+2.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	1.84%	+0.26%

Volatility

SPGM vs. WBIF - Volatility Comparison

The current volatility for SPDR Portfolio MSCI Global Stock Market ETF (SPGM) is 3.82%, while WBI BullBear Value 3000 ETF (WBIF) has a volatility of 4.03%. This indicates that SPGM experiences smaller price fluctuations and is considered to be less risky than WBIF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPGM	WBIF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.82%	4.03%	-0.21%
Volatility (6M) Calculated over the trailing 6-month period	10.31%	8.59%	+1.72%
Volatility (1Y) Calculated over the trailing 1-year period	12.85%	12.27%	+0.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.02%	12.85%	+3.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.58%	12.34%	+5.24%

SPGM vs. WBIF - Expense Ratio Comparison

SPGM has a 0.09% expense ratio, which is lower than WBIF's 1.25% expense ratio.

Dividends

SPGM vs. WBIF - Dividend Comparison

SPGM's dividend yield for the trailing twelve months is around 1.78%, more than WBIF's 0.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPGM SPDR Portfolio MSCI Global Stock Market ETF	1.78%	1.89%	1.98%	2.09%	2.37%	1.94%	1.45%	2.46%	1.89%	2.29%	1.87%	3.70%
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 SPGM and WBIF in my portfolio?

SPGM and WBIF have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPGM or WBIF?

WBIF has higher volatility (4.03%) compared to SPGM (3.82%). In terms of maximum drawdown, SPGM dropped -33.97% vs WBIF's -20.29%.

Which ETF is better, SPGM or WBIF?

On 10-year performance, SPGM leads with 13.05% vs 5.62% for WBIF. On fees, SPGM is cheaper at 0.09% per year. On volatility, SPGM has been the lower-risk option at 3.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPGM or WBIF?

Over the 10-year period, SPGM has performed better with a 13.05% return vs 5.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPGM or WBIF?

SPGM is cheaper with a 0.09% expense ratio, compared with 1.25% for WBIF.

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

SPGM has the higher dividend yield at 1.78%, compared with 0.06% for WBIF.

What is the main difference between SPGM and WBIF?

They also come from different issuers: State Street and WBI. Their fees differ too: 0.09% for SPGM and 1.25% for WBIF.

Which has better risk-adjusted returns?

SPGM currently has the higher Sharpe Ratio (2.60 vs 2.08), 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.