WBIF vs. GKAT

Last updated Jun 4, 2026

WBIF (WBI BullBear Value 3000 ETF) and GKAT (Scharf Global Opportunity ETF) are both Global Equities funds. A 0.69 correlation means they provide meaningful diversification when combined. WBIF charges 1.25%/yr vs 0.59%/yr for GKAT.

Performance

WBIF vs. GKAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WBI BullBear Value 3000 ETF (WBIF) and Scharf Global Opportunity ETF (GKAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WBIF achieves a 11.61% return, which is significantly higher than GKAT's 9.70% return.

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%

GKAT

• 1D: -0.69%
• 1M: 4.59%
• YTD: 9.70%
• 6M: 12.74%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WBIF vs. GKAT - Yearly Performance Comparison

	2026 (YTD)	2025
WBIF WBI BullBear Value 3000 ETF	11.61%	3.13%
GKAT Scharf Global Opportunity ETF	9.70%	6.04%

Correlation

The correlation between WBIF and GKAT is 0.69, 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 Aug 26, 2025	0.69

Return for Risk

WBIF vs. GKAT — Risk / Return Rank

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

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.

WBIF vs. GKAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WBI BullBear Value 3000 ETF (WBIF) and Scharf Global Opportunity ETF (GKAT). 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.

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

Sharpe Ratios by Period

	WBIF	GKAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.19	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	1.82	-1.51

Drawdowns

WBIF vs. GKAT - Drawdown Comparison

The maximum WBIF drawdown since its inception was -20.29%, which is greater than GKAT's maximum drawdown of -10.41%. Use the drawdown chart below to compare losses from any high point for WBIF and GKAT.

Drawdown Indicators

	WBIF	GKAT	Difference
Max Drawdown Largest peak-to-trough decline	-20.29%	-10.41%	-9.88%
Max Drawdown (1Y) Largest decline over 1 year	-6.60%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.16%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.29%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-20.29%	—	—
Current Drawdown Current decline from peak	-0.97%	-0.97%	0.00%
Average Drawdown Average peak-to-trough decline	-7.74%	-2.07%	-5.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	—	—

Volatility

Volatility by Period

	WBIF	GKAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.13%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.63%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.31%	11.97%	+0.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.86%	11.97%	+0.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.34%	11.97%	+0.37%

WBIF vs. GKAT - Expense Ratio Comparison

WBIF has a 1.25% expense ratio, which is higher than GKAT's 0.59% expense ratio.

Dividends

WBIF vs. GKAT - Dividend Comparison

WBIF's dividend yield for the trailing twelve months is around 0.06%, less than GKAT's 0.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GKAT Scharf Global Opportunity ETF	0.44%	0.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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 WBIF and GKAT in my portfolio?

WBIF and GKAT have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WBIF or GKAT?

On fees, GKAT is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WBIF or GKAT?

GKAT is cheaper with a 0.59% expense ratio, compared with 1.25% for WBIF.

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

GKAT has the higher dividend yield at 0.44%, compared with 0.06% for WBIF.

What is the main difference between WBIF and GKAT?

They also come from different issuers: WBI and Scharf Investments. Their fees differ too: 1.25% for WBIF and 0.59% for GKAT.