WBIF vs. USMV

Last updated Jun 3, 2026

WBIF (WBI BullBear Value 3000 ETF) and USMV (iShares MSCI USA Minimum Volatility Factor ETF) are both exchange-traded funds - WBIF is a Global Equities fund actively managed by WBI, while USMV is a Large Cap Blend Equities fund tracking the MSCI USA Minimum Volatility Index. WBIF is actively managed, while USMV is passively managed. Over the past 10 years, WBIF returned 5.62%/yr vs 10.00%/yr for USMV. A 0.68 correlation means they provide meaningful diversification when combined. WBIF charges 1.25%/yr vs 0.15%/yr for USMV.

Performance

WBIF vs. USMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WBI BullBear Value 3000 ETF (WBIF) and iShares MSCI USA Minimum Volatility Factor ETF (USMV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WBIF achieves a 12.70% return, which is significantly higher than USMV's 3.37% return. Over the past 10 years, WBIF has underperformed USMV with an annualized return of 5.62%, while USMV has yielded a comparatively higher 10.00% annualized return.

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%

USMV

• 1D: -0.02%
• 1M: 2.48%
• YTD: 3.37%
• 6M: 3.65%
• 1Y: 5.11%
• 3Y*: 12.04%
• 5Y*: 7.76%
• 10Y*: 10.00%

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

WBIF vs. USMV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
USMV iShares MSCI USA Minimum Volatility Factor ETF	3.37%	7.65%	15.74%	10.33%	-9.43%	20.85%	5.64%	27.69%	1.33%	18.91%

Correlation

The correlation between WBIF and USMV is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.67
Correlation (All Time) Calculated using the full available price history since Aug 28, 2014	0.68

The correlation between WBIF and USMV has been stable across timeframes, ranging from 0.64 to 0.72 - a consistent structural relationship.

WBIF vs. USMV - Sectors Allocation Comparison

Sectors	WBIF	USMV
Financial Services	31.0%	12.4%
Technology	19.9%	30.8%
Industrials	14.6%	5.7%
Consumer Cyclical	11.1%	5.7%
Utilities	10.3%	7.5%
Healthcare	3.4%	12.5%
Consumer Defensive	3.1%	10.0%
Energy	2.9%	3.6%
Communication Services	2.6%	5.9%
Basic Materials	1.0%	2.2%
Real Estate	-	2.2%

Return for Risk

WBIF vs. USMV — Risk / Return Rank

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

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

USMV

USMV Risk / Return Rank: 19
USMV Sharpe Ratio Rank: 19
USMV Sortino Ratio Rank: 18
USMV Omega Ratio Rank: 17
USMV Calmar Ratio Rank: 19
USMV Martin Ratio Rank: 22

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. USMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WBI BullBear Value 3000 ETF (WBIF) and iShares MSCI USA Minimum Volatility Factor ETF (USMV). 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	USMV	Difference
Sharpe ratio Return per unit of total volatility	2.08	0.61	+1.47
Sortino ratio Return per unit of downside risk	2.99	0.91	+2.08
Omega ratio Gain probability vs. loss probability	1.37	1.11	+0.27
Calmar ratio Return relative to maximum drawdown	3.82	0.82	+3.00
Martin ratio Return relative to average drawdown	13.69	2.74	+10.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WBIF vs. USMV - Sharpe Ratio Comparison

The current WBIF Sharpe Ratio is 2.08, which is higher than the USMV Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of WBIF and USMV, 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

	WBIF	USMV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	0.61	+1.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.63	-0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.69	-0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.87	-0.56

Drawdowns

WBIF vs. USMV - Drawdown Comparison

The maximum WBIF drawdown since its inception was -20.29%, smaller than the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for WBIF and USMV.

Drawdown Indicators

	WBIF	USMV	Difference
Max Drawdown Largest peak-to-trough decline	-20.29%	-33.10%	+12.81%
Max Drawdown (1Y) Largest decline over 1 year	-6.60%	-6.46%	-0.14%
Max Drawdown (3Y) Largest decline over 3 years	-17.16%	-9.36%	-7.80%
Max Drawdown (5Y) Largest decline over 5 years	-20.29%	-17.93%	-2.36%
Max Drawdown (10Y) Largest decline over 10 years	-20.29%	-33.10%	+12.81%
Current Drawdown Current decline from peak	0.00%	-0.49%	+0.49%
Average Drawdown Average peak-to-trough decline	-7.74%	-2.88%	-4.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	1.93%	-0.09%

Volatility

WBIF vs. USMV - Volatility Comparison

WBI BullBear Value 3000 ETF (WBIF) has a higher volatility of 4.03% compared to iShares MSCI USA Minimum Volatility Factor ETF (USMV) at 2.27%. This indicates that WBIF's price experiences larger fluctuations and is considered to be riskier than USMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WBIF	USMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.03%	2.27%	+1.76%
Volatility (6M) Calculated over the trailing 6-month period	8.59%	5.93%	+2.66%
Volatility (1Y) Calculated over the trailing 1-year period	12.27%	8.47%	+3.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.85%	12.35%	+0.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.34%	14.51%	-2.17%

WBIF vs. USMV - Expense Ratio Comparison

WBIF has a 1.25% expense ratio, which is higher than USMV's 0.15% expense ratio.

Dividends

WBIF vs. USMV - Dividend Comparison

WBIF's dividend yield for the trailing twelve months is around 0.06%, less than USMV's 1.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
USMV iShares MSCI USA Minimum Volatility Factor ETF	1.52%	1.49%	1.67%	1.82%	1.62%	1.26%	1.81%	1.88%	2.12%	1.77%	2.22%	2.02%
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 USMV in my portfolio?

WBIF and USMV have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WBIF or USMV?

WBIF has higher volatility (4.03%) compared to USMV (2.27%). In terms of maximum drawdown, WBIF dropped -20.29% vs USMV's -33.10%.

Which ETF is better, WBIF or USMV?

On 10-year performance, USMV leads with 10.00% vs 5.62% for WBIF. On fees, USMV is cheaper at 0.15% per year. On volatility, USMV has been the lower-risk option at 2.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WBIF or USMV?

Over the 10-year period, USMV has performed better with a 10.00% return vs 5.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WBIF or USMV?

USMV is cheaper with a 0.15% expense ratio, compared with 1.25% for WBIF.

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

USMV has the higher dividend yield at 1.52%, compared with 0.06% for WBIF.

What is the main difference between WBIF and USMV?

WBIF is categorized as Global Equities, while USMV is Large Cap Blend Equities. They also come from different issuers: WBI and iShares. Their fees differ too: 1.25% for WBIF and 0.15% for USMV.

Which has better risk-adjusted returns?

WBIF currently has the higher Sharpe Ratio (2.08 vs 0.61), 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.