WAMA vs. ESBG

Last updated Jun 4, 2026

WAMA (WisdomTree U.S. Adaptive Moving Average Fund) and ESBG (First Trust Enhanced Stocks, Bonds & Gold ETF) are both Tactical Allocation funds. WAMA is passively managed, while ESBG is actively managed. A 0.73 correlation means they provide meaningful diversification when combined. WAMA charges 0.32%/yr vs 0.95%/yr for ESBG.

Performance

WAMA vs. ESBG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. Adaptive Moving Average Fund (WAMA) and First Trust Enhanced Stocks, Bonds & Gold ETF (ESBG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WAMA

• 1D: -0.73%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ESBG

• 1D: -1.16%
• 1M: 1.36%
• YTD: 5.13%
• 6M: 6.51%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WAMA vs. ESBG - Yearly Performance Comparison

	2026 (YTD)
WAMA WisdomTree U.S. Adaptive Moving Average Fund	2.77%
ESBG First Trust Enhanced Stocks, Bonds & Gold ETF	-2.66%

Correlation

The correlation between WAMA and ESBG 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 (All Time) Calculated using the full available price history since May 7, 2026	0.73

Return for Risk

WAMA vs. ESBG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Adaptive Moving Average Fund (WAMA) and First Trust Enhanced Stocks, Bonds & Gold ETF (ESBG). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	WAMA	ESBG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	4.87	0.88	+3.99

Drawdowns

WAMA vs. ESBG - Drawdown Comparison

The maximum WAMA drawdown since its inception was -1.91%, smaller than the maximum ESBG drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for WAMA and ESBG.

Drawdown Indicators

	WAMA	ESBG	Difference
Max Drawdown Largest peak-to-trough decline	-1.91%	-18.84%	+16.93%
Current Drawdown Current decline from peak	-0.73%	-10.85%	+10.12%
Average Drawdown Average peak-to-trough decline	-0.39%	-6.24%	+5.85%

Volatility

Volatility by Period

	WAMA	ESBG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	9.20%	25.27%	-16.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.20%	25.27%	-16.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.20%	25.27%	-16.07%

WAMA vs. ESBG - Expense Ratio Comparison

WAMA has a 0.32% expense ratio, which is lower than ESBG's 0.95% expense ratio.

Dividends

WAMA vs. ESBG - Dividend Comparison

WAMA has not paid dividends to shareholders, while ESBG's dividend yield for the trailing twelve months is around 0.58%.

Position	TTM	2025
ESBG First Trust Enhanced Stocks, Bonds & Gold ETF	0.58%	0.24%
WAMA WisdomTree U.S. Adaptive Moving Average Fund	0.00%	0.00%

Frequently Asked Questions

Can I hold both WAMA and ESBG in my portfolio?

WAMA and ESBG 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 ETF is better, WAMA or ESBG?

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.

Which ETF is cheaper, WAMA or ESBG?

WAMA is cheaper with a 0.32% expense ratio, compared with 0.95% for ESBG.

Which ETF pays a higher dividend yield, WAMA or ESBG?

ESBG has the higher dividend yield at 0.58%, compared with 0.00% for WAMA.

What is the main difference between WAMA and ESBG?

They also come from different issuers: WisdomTree and First Trust. Their fees differ too: 0.32% for WAMA and 0.95% for ESBG.