WAR vs. BINC

Last updated Jun 4, 2026

WAR (U.S. Global Technology and Aerospace & Defense ETF) and BINC (iShares Flexible Income Active ETF) are both exchange-traded funds - WAR is a Aerospace & Defense fund actively managed by US Global, while BINC is a Multisector Bonds fund actively managed by iShares. Both are actively managed. At a 0.03 correlation, their price movements are largely independent. WAR charges 0.60%/yr vs 0.40%/yr for BINC.

Performance

WAR vs. BINC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in U.S. Global Technology and Aerospace & Defense ETF (WAR) and iShares Flexible Income Active ETF (BINC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WAR

• 1D: -1.92%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BINC

• 1D: -0.12%
• 1M: 0.54%
• YTD: 0.90%
• 6M: 1.22%
• 1Y: 5.80%
• 3Y*: 7.02%
• 5Y*: —
• 10Y*: —

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

WAR vs. BINC - Yearly Performance Comparison

	2026 (YTD)
WAR U.S. Global Technology and Aerospace & Defense ETF	2.67%
BINC iShares Flexible Income Active ETF	0.15%

Correlation

The correlation between WAR and BINC is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	0.03

Return for Risk

WAR vs. BINC — Risk / Return Rank

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

BINC

BINC Risk / Return Rank: 67
BINC Sharpe Ratio Rank: 77
BINC Sortino Ratio Rank: 82
BINC Omega Ratio Rank: 83
BINC Calmar Ratio Rank: 43
BINC Martin Ratio Rank: 50

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.

WAR vs. BINC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for U.S. Global Technology and Aerospace & Defense ETF (WAR) and iShares Flexible Income Active ETF (BINC). 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

	WAR	BINC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.18	2.36	+2.82

Drawdowns

WAR vs. BINC - Drawdown Comparison

The maximum WAR drawdown since its inception was -1.92%, smaller than the maximum BINC drawdown of -2.69%. Use the drawdown chart below to compare losses from any high point for WAR and BINC.

Drawdown Indicators

	WAR	BINC	Difference
Max Drawdown Largest peak-to-trough decline	-1.92%	-2.69%	+0.77%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.69%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-2.69%	—
Current Drawdown Current decline from peak	-1.92%	-0.49%	-1.43%
Average Drawdown Average peak-to-trough decline	-0.88%	-0.36%	-0.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.68%	—

Volatility

Volatility by Period

	WAR	BINC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.75%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.84%	—
Volatility (1Y) Calculated over the trailing 1-year period	42.90%	2.28%	+40.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.90%	3.00%	+39.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.90%	3.00%	+39.90%

WAR vs. BINC - Expense Ratio Comparison

WAR has a 0.60% expense ratio, which is higher than BINC's 0.40% expense ratio.

Dividends

WAR vs. BINC - Dividend Comparison

WAR has not paid dividends to shareholders, while BINC's dividend yield for the trailing twelve months is around 5.86%.

Position	TTM	2025	2024	2023
BINC iShares Flexible Income Active ETF	5.86%	5.86%	6.14%	3.13%
WAR U.S. Global Technology and Aerospace & Defense ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WAR and BINC in my portfolio?

WAR and BINC have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WAR or BINC?

On fees, BINC is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WAR or BINC?

BINC is cheaper with a 0.40% expense ratio, compared with 0.60% for WAR.

Which ETF pays a higher dividend yield, WAR or BINC?

BINC has the higher dividend yield at 5.86%, compared with 0.00% for WAR.

What is the main difference between WAR and BINC?

WAR is categorized as Aerospace & Defense, while BINC is Multisector Bonds. They also come from different issuers: US Global and iShares. Their fees differ too: 0.60% for WAR and 0.40% for BINC.