WBIL vs. FDVV

Last updated Aug 2, 2026

WBIL (WBI BullBear Quality 3000 ETF) and FDVV (Fidelity High Dividend ETF) are both exchange-traded funds - WBIL is a Quality Factor fund actively managed by WBI, while FDVV is a Large Cap Blend Equities fund tracking the Fidelity Core Dividend Index. WBIL is actively managed, while FDVV is passively managed. Over the past 5 years, WBIL returned 5.65%/yr vs 14.17%/yr for FDVV. Their 0.70 correlation means they have sometimes moved together and sometimes differently. WBIL charges 1.23%/yr vs 0.29%/yr for FDVV.

Performance

WBIL vs. FDVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WBI BullBear Quality 3000 ETF (WBIL) and Fidelity High Dividend ETF (FDVV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WBIL achieves a 14.12% return, which is significantly higher than FDVV's 12.19% return.

WBIL

• 1D: 0.05%
• 1M: 0.40%
• 6M: 11.81%
• YTD: 14.12%
• 1Y: 23.15%
• 3Y*: 9.68%
• 5Y*: 5.65%
• 10Y*: 6.81%
• ALL TIME*: 4.53%

FDVV

• 1D: -0.35%
• 1M: 2.09%
• 6M: 9.39%
• YTD: 12.19%
• 1Y: 21.53%
• 3Y*: 18.35%
• 5Y*: 14.17%
• 10Y*: —
• ALL TIME*: 13.71%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FDVV Fidelity High Dividend ETF	$48.25M	$48.28M	$45.73M
WBIL WBI BullBear Quality 3000 ETF	$942.72K	$463.08K	$209.08K

WBIL vs. FDVV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WBIL WBI BullBear Quality 3000 ETF	14.12%	-0.47%	13.29%	11.79%	-9.60%	18.67%	-2.19%	11.65%	-9.67%	19.31%
FDVV Fidelity High Dividend ETF	12.19%	17.08%	21.81%	18.00%	-4.21%	29.24%	2.80%	24.07%	-1.26%	14.00%

Correlation

The correlation between WBIL and FDVV is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.61
Correlation (3Y) Balances recent behavior with more history.	0.69
Correlation (5Y) Shows whether the relationship held over a longer period.	0.72
Correlation (All Time) Calculated using the full available price history since Sep 15, 2016	0.70

The correlation between WBIL and FDVV shifts across timeframes, from 0.61 (1 year) to 0.72 (5 years), reflecting how their relationship changes across market environments.

WBIL vs. FDVV - Sectors Allocation Comparison

Sectors	WBIL	FDVV
Technology	33.0%	28.1%
Industrials	22.2%	3.2%
Consumer Cyclical	11.4%	13.4%
Financial Services	10.3%	18.5%
Healthcare	8.7%	3.3%
Consumer Defensive	5.4%	11.0%
Communication Services	5.2%	3.4%
Real Estate	2.8%	10.0%
Energy	2.1%	-
Basic Materials	1.8%	-
Utilities	1.3%	9.1%

Return for Risk

WBIL vs. FDVV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

WBIL

WBIL Risk / Return Rank: 61
WBIL Sharpe Ratio Rank: 59
WBIL Sortino Ratio Rank: 59
WBIL Omega Ratio Rank: 56
WBIL Calmar Ratio Rank: 63
WBIL Martin Ratio Rank: 69

FDVV

FDVV Risk / Return Rank: 78
FDVV Sharpe Ratio Rank: 85
FDVV Sortino Ratio Rank: 84
FDVV Omega Ratio Rank: 84
FDVV Calmar Ratio Rank: 64
FDVV Martin Ratio Rank: 74

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

WBIL vs. FDVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WBI BullBear Quality 3000 ETF (WBIL) and Fidelity High Dividend ETF (FDVV). 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.

	WBIL	FDVV	Difference
Sharpe ratio: Return per unit of total volatility	1.41	1.99	-0.58
Sortino ratio: Return per unit of downside risk	2.01	2.77	-0.76
Omega ratio: Gain probability vs. loss probability	1.25	1.36	-0.11
Calmar ratio: Return relative to maximum drawdown	2.22	2.21	+0.01
Martin ratio: Return relative to average drawdown	8.47	9.10	-0.63

WBIL vs. FDVV - Sharpe Ratio Comparison

The current WBIL Sharpe Ratio is 1.41, which is comparable to the FDVV Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of WBIL and FDVV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WBIL vs. FDVV - Drawdown Comparison

The maximum WBIL drawdown since its inception was -25.30%, smaller than the maximum FDVV drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for WBIL and FDVV.

Drawdown Indicators

	WBIL	FDVV	Difference
Max Drawdown Largest peak-to-trough decline	-25.30%	-40.25%	+14.95%
Max Drawdown (1Y) Largest decline over 1 year	-9.85%	-9.30%	-0.55%
Max Drawdown (3Y) Largest decline over 3 years	-25.30%	-15.90%	-9.40%
Max Drawdown (5Y) Largest decline over 5 years	-25.30%	-20.18%	-5.12%
Max Drawdown (10Y) Largest decline over 10 years	-25.30%	—	—
Current Drawdown Current decline from peak	-2.76%	-1.12%	-1.64%
Average Drawdown Average peak-to-trough decline	-6.93%	-3.76%	-3.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	2.26%	+0.32%

Volatility

WBIL vs. FDVV - Volatility Comparison

WBI BullBear Quality 3000 ETF (WBIL) has a higher volatility of 3.43% compared to Fidelity High Dividend ETF (FDVV) at 3.04%. This indicates that WBIL's price experiences larger fluctuations and is considered to be riskier than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WBIL	FDVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.43%	3.04%	+0.39%
Volatility (6M) Calculated over the trailing 6-month period	12.24%	8.35%	+3.89%
Volatility (1Y) Calculated over the trailing 1-year period	15.58%	10.37%	+5.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.89%	14.68%	-0.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.82%	16.91%	-4.09%

WBIL vs. FDVV - Expense Ratio Comparison

WBIL has a 1.23% expense ratio, which is higher than FDVV's 0.29% expense ratio.

Dividends

WBIL vs. FDVV - Dividend Comparison

WBIL's dividend yield for the trailing twelve months is around 0.04%, less than FDVV's 2.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDVV Fidelity High Dividend ETF	2.76%	2.89%	2.94%	3.77%	3.44%	2.70%	3.19%	3.93%	4.05%	3.66%	1.04%	0.00%
WBIL WBI BullBear Quality 3000 ETF	0.04%	0.05%	0.07%	0.29%	1.03%	2.02%	0.19%	0.73%	0.75%	0.83%	0.58%	0.20%

Frequently Asked Questions

Can I hold both WBIL and FDVV in my portfolio?

WBIL and FDVV have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WBIL or FDVV?

WBIL has higher volatility (3.43%) compared to FDVV (3.04%). In terms of maximum drawdown, WBIL dropped -25.30% vs FDVV's -40.25%.

Which ETF is better, WBIL or FDVV?

On 5-year performance, FDVV leads with 14.17% vs 5.65% for WBIL. On fees, FDVV is cheaper at 0.29% per year. On volatility, FDVV has been the lower-risk option at 3.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WBIL or FDVV?

Over the 5-year period, FDVV has performed better with a 14.17% return vs 5.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WBIL or FDVV?

FDVV is cheaper with a 0.29% expense ratio, compared with 1.23% for WBIL.

Which ETF pays a higher dividend yield, WBIL or FDVV?

FDVV has the higher dividend yield at 2.76%, compared with 0.04% for WBIL.

What is the main difference between WBIL and FDVV?

WBIL is categorized as Quality Factor, while FDVV is Large Cap Blend Equities. They also come from different issuers: WBI and Fidelity. Their fees differ too: 1.23% for WBIL and 0.29% for FDVV.

Which has better risk-adjusted returns?

FDVV currently has the higher Sharpe Ratio (1.99 vs 1.41), 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.