WBIG vs. CAPE
WBIG (WBI BullBear Yield 3000 ETF) and CAPE (iPath Shiller CAPE ETN) are both Global Equities funds. WBIG is actively managed, while CAPE is passively managed. Over the past 3 years, WBIG returned 6.22%/yr vs 12.19%/yr for CAPE. A 0.69 correlation means they provide meaningful diversification when combined. WBIG charges 1.14%/yr vs 0.45%/yr for CAPE.
Performance
WBIG vs. CAPE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WBIG achieves a 8.66% return, which is significantly higher than CAPE's -1.70% return.
WBIG
- 1D
- -0.94%
- 1M
- 3.95%
- YTD
- 8.66%
- 6M
- 7.77%
- 1Y
- 19.57%
- 3Y*
- 6.22%
- 5Y*
- 0.62%
- 10Y*
- 3.82%
CAPE
- 1D
- -0.48%
- 1M
- -1.99%
- YTD
- -1.70%
- 6M
- -1.38%
- 1Y
- 3.29%
- 3Y*
- 12.19%
- 5Y*
- —
- 10Y*
- —
WBIG vs. CAPE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WBIG WBI BullBear Yield 3000 ETF | 8.66% | -0.39% | 5.87% | -2.68% | -11.95% |
CAPE iPath Shiller CAPE ETN | -1.70% | 9.10% | 14.40% | 27.65% | -15.28% |
Correlation
The correlation between WBIG and CAPE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.69 |
The correlation between WBIG and CAPE shifts across timeframes, from 0.58 (1 year) to 0.71 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WBIG vs. CAPE — Risk / Return Rank
WBIG
CAPE
WBIG vs. CAPE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WBI BullBear Yield 3000 ETF (WBIG) and iPath Shiller CAPE ETN (CAPE). 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.
| WBIG | CAPE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.69 | ||
| Sortino ratioReturn per unit of downside risk | +2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.06 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 3.88 | 0.34 | +3.54 |
| Martin ratioReturn relative to average drawdown | 12.22 | 1.24 | +10.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| WBIG | CAPE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 0.30 | +1.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.42 | -0.27 |
Drawdowns
WBIG vs. CAPE - Drawdown Comparison
The maximum WBIG drawdown since its inception was -25.32%, which is greater than CAPE's maximum drawdown of -22.07%. Use the drawdown chart below to compare losses from any high point for WBIG and CAPE.
Loading charts...
Drawdown Indicators
| WBIG | CAPE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.32% | -22.07% | -3.25% |
Max Drawdown (1Y)Largest decline over 1 year | -5.06% | -9.68% | +4.62% |
Max Drawdown (3Y)Largest decline over 3 years | -20.20% | -14.32% | -5.88% |
Max Drawdown (5Y)Largest decline over 5 years | -25.32% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -25.32% | — | — |
Current DrawdownCurrent decline from peak | -4.84% | -4.83% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -10.92% | -4.93% | -5.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 2.65% | -1.04% |
Volatility
WBIG vs. CAPE - Volatility Comparison
WBI BullBear Yield 3000 ETF (WBIG) has a higher volatility of 3.43% compared to iPath Shiller CAPE ETN (CAPE) at 2.63%. This indicates that WBIG's price experiences larger fluctuations and is considered to be riskier than CAPE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WBIG | CAPE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.43% | 2.63% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 6.58% | 8.04% | -1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.89% | 10.89% | -1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.05% | 16.93% | -4.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.55% | 16.93% | -5.38% |
WBIG vs. CAPE - Expense Ratio Comparison
WBIG has a 1.14% expense ratio, which is higher than CAPE's 0.45% expense ratio.
Dividends
WBIG vs. CAPE - Dividend Comparison
WBIG's dividend yield for the trailing twelve months is around 1.21%, less than CAPE's 1.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAPE iPath Shiller CAPE ETN | 1.41% | 1.39% | 1.23% | 1.01% | 0.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WBIG WBI BullBear Yield 3000 ETF | 1.21% | 1.74% | 2.05% | 1.74% | 1.29% | 2.94% | 0.90% | 1.87% | 1.20% | 1.27% | 0.96% | 1.41% |
Frequently Asked Questions
WBIG and CAPE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WBIG has higher volatility (3.43%) compared to CAPE (2.63%). In terms of maximum drawdown, WBIG dropped -25.32% vs CAPE's -22.07%.
On 3-year performance, CAPE leads with 12.19% vs 6.22% for WBIG. On fees, CAPE is cheaper at 0.45% per year. On volatility, CAPE has been the lower-risk option at 2.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CAPE has performed better with a 12.19% return vs 6.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CAPE is cheaper with a 0.45% expense ratio, compared with 1.14% for WBIG.
CAPE has the higher dividend yield at 1.41%, compared with 1.21% for WBIG.
They also come from different issuers: WBI and Barclays Capital. Their fees differ too: 1.14% for WBIG and 0.45% for CAPE.
WBIG currently has the higher Sharpe Ratio (1.99 vs 0.30), 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.
Find the right allocation for WBIG and CAPE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer