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WBIF vs. SPGM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WBIF vs. SPGM

Last updated Jun 26, 2026

WBIF (WBI BullBear Value 3000 ETF) and SPGM (SPDR Portfolio MSCI Global Stock Market ETF) are both Global Equities funds. WBIF is actively managed, while SPGM is passively managed. Over the past 10 years, WBIF returned 6.06%/yr vs 13.55%/yr for SPGM. A 0.69 correlation means they provide meaningful diversification when combined. WBIF charges 1.25%/yr vs 0.09%/yr for SPGM.

Performance

WBIF vs. SPGM - Performance Comparison

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

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Returns By Period

In the year-to-date period, WBIF achieves a 13.45% return, which is significantly higher than SPGM's 11.08% return. Over the past 10 years, WBIF has underperformed SPGM with an annualized return of 6.06%, while SPGM has yielded a comparatively higher 13.55% annualized return.

WBIF

1D
0.17%
1M
4.38%
YTD
13.45%
6M
11.76%
1Y
24.26%
3Y*
8.61%
5Y*
3.03%
10Y*
6.06%

SPGM

1D
0.38%
1M
-1.13%
YTD
11.08%
6M
9.97%
1Y
27.26%
3Y*
20.53%
5Y*
11.02%
10Y*
13.55%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WBIF vs. SPGM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
WBIF
WBI BullBear Value 3000 ETF		13.45%9.16%3.43%0.49%-8.38%16.56%-2.71%2.68%-4.68%19.42%
SPGM
SPDR Portfolio MSCI Global Stock Market ETF		11.08%23.62%16.75%21.34%-17.53%21.13%15.28%26.58%-10.12%23.26%

Correlation

The correlation between WBIF and SPGM 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 27, 2014

0.69

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

WBIF vs. SPGM - Sectors Allocation Comparison

Sectors
WBIF
SPGM

Technology

34.6%
30.7%

Financial Services

21.9%
15.7%

Consumer Cyclical

15.5%
9.0%

Industrials

10.6%
12.5%

Basic Materials

6.5%
3.8%

Healthcare

4.3%
7.9%

Consumer Defensive

2.1%
4.5%

Utilities

2.0%
2.0%

Communication Services

1.8%
8.2%

Energy

0.7%
4.0%

Real Estate

-

1.8%

Technology

WBIF
34.6%
SPGM
30.7%

Financial Services

WBIF
21.9%
SPGM
15.7%

Consumer Cyclical

WBIF
15.5%
SPGM
9.0%

Industrials

WBIF
10.6%
SPGM
12.5%

Basic Materials

WBIF
6.5%
SPGM
3.8%

Healthcare

WBIF
4.3%
SPGM
7.9%

Consumer Defensive

WBIF
2.1%
SPGM
4.5%

Utilities

WBIF
2.0%
SPGM
2.0%

Communication Services

WBIF
1.8%
SPGM
8.2%

Energy

WBIF
0.7%
SPGM
4.0%

Real Estate

WBIF

-

SPGM
1.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

WBI BullBear Value 3000 ETF

SPDR Portfolio MSCI Global Stock Market ETF

Often compared with WBIF:
WBIF vs. SPYWBIF vs. WRNDWBIF vs. USMVWBIF vs. FIXTWBIF vs. WBIGWBIF vs. GSWOWBIF vs. GKAT
Often compared with SPGM:
SPGM vs. VTSPGM vs. VOOSPGM vs. VXUSSPGM vs. CWISPGM vs. QWLDSPGM vs. SWRD.ASSPGM vs. SPGP

Return for Risk

WBIF vs. SPGM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WBIF
WBIF Risk / Return Rank: 7373
Overall Rank
WBIF Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
WBIF Sortino Ratio Rank: 7171
Sortino Ratio Rank
WBIF Omega Ratio Rank: 6767
Omega Ratio Rank
WBIF Calmar Ratio Rank: 8080
Calmar Ratio Rank
WBIF Martin Ratio Rank: 7878
Martin Ratio Rank
SPGM
SPGM Risk / Return Rank: 7171
Overall Rank
SPGM Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
SPGM Sortino Ratio Rank: 6969
Sortino Ratio Rank
SPGM Omega Ratio Rank: 7272
Omega Ratio Rank
SPGM Calmar Ratio Rank: 6767
Calmar Ratio Rank
SPGM Martin Ratio Rank: 7676
Martin Ratio Rank
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. SPGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WBI BullBear Value 3000 ETF (WBIF) and SPDR Portfolio MSCI Global Stock Market ETF (SPGM). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

WBIFSPGMDifference
Sharpe ratioReturn per unit of total volatility
1.96
2.00

-0.05

Sortino ratioReturn per unit of downside risk
2.81
2.73

+0.09

Omega ratioGain probability vs. loss probability

1.35

1.37

-0.01

Calmar ratioReturn relative to maximum drawdown

3.69

2.88

+0.81

Martin ratioReturn relative to average drawdown

13.09

12.59

+0.50

WBIF vs. SPGM - Sharpe Ratio Comparison

The current WBIF Sharpe Ratio is 1.96, which is comparable to the SPGM Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of WBIF and SPGM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

WBIF vs. SPGM - Drawdown Comparison

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

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Drawdown Indicators

WBIFSPGMDifference

Max Drawdown

Largest peak-to-trough decline

-20.29%

-33.97%

+13.68%

Max Drawdown (1Y)

Largest decline over 1 year

-6.60%

-9.50%

+2.90%

Max Drawdown (3Y)

Largest decline over 3 years

-17.16%

-16.90%

-0.26%

Max Drawdown (5Y)

Largest decline over 5 years

-20.29%

-25.93%

+5.64%

Max Drawdown (10Y)

Largest decline over 10 years

-20.29%

-33.97%

+13.68%

Current Drawdown

Current decline from peak

-0.50%

-2.45%

+1.95%

Average Drawdown

Average peak-to-trough decline

-7.70%

-4.79%

-2.91%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.86%

2.17%

-0.31%

Volatility

WBIF vs. SPGM - Volatility Comparison

The current volatility for WBI BullBear Value 3000 ETF (WBIF) is 4.54%, while SPDR Portfolio MSCI Global Stock Market ETF (SPGM) has a volatility of 5.49%. This indicates that WBIF experiences smaller price fluctuations and is considered to be less risky than SPGM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

WBIFSPGMDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.54%

5.49%

-0.95%

Volatility (6M)

Calculated over the trailing 6-month period

9.08%

11.41%

-2.33%

Volatility (1Y)

Calculated over the trailing 1-year period

12.46%

13.67%

-1.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.89%

16.16%

-3.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.36%

17.49%

-5.13%

WBIF vs. SPGM - Expense Ratio Comparison

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

Dividends

WBIF vs. SPGM - Dividend Comparison

WBIF's dividend yield for the trailing twelve months is around 0.06%, less than SPGM's 1.82% yield.

PositionTTM20252024202320222021202020192018201720162015
SPGM
SPDR Portfolio MSCI Global Stock Market ETF		1.82%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

WBIF and SPGM 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.

SPGM has higher volatility (5.49%) compared to WBIF (4.54%). In terms of maximum drawdown, WBIF dropped -20.29% vs SPGM's -33.97%.

On 10-year performance, SPGM leads with 13.55% vs 6.06% for WBIF. On fees, SPGM is cheaper at 0.09% per year. On volatility, WBIF has been the lower-risk option at 4.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SPGM has performed better with a 13.55% return vs 6.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

SPGM has the higher dividend yield at 1.82%, compared with 0.06% for WBIF.

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

SPGM currently has the higher Sharpe Ratio (2.00 vs 1.96), 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.

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