Correlation
The correlation between WBIL and FDVV is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
WBIL vs. FDVV
Compare and contrast key facts about WBI BullBear Quality 3000 ETF (WBIL) and Fidelity High Dividend ETF (FDVV).
WBIL and FDVV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WBIL is an actively managed fund by WBI. It was launched on Sep 3, 2014. FDVV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Core Dividend Index. It was launched on Sep 12, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WBIL or FDVV.
Performance
WBIL vs. FDVV - Performance Comparison
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Key characteristics
WBIL:
-0.44
FDVV:
0.73
WBIL:
-0.52
FDVV:
1.04
WBIL:
0.93
FDVV:
1.15
WBIL:
-0.31
FDVV:
0.70
WBIL:
-0.78
FDVV:
2.91
WBIL:
9.95%
FDVV:
3.80%
WBIL:
15.91%
FDVV:
16.22%
WBIL:
-25.30%
FDVV:
-40.25%
WBIL:
-17.87%
FDVV:
-3.11%
Returns By Period
In the year-to-date period, WBIL achieves a -11.14% return, which is significantly lower than FDVV's 1.43% return.
WBIL
-11.14%
4.20%
-16.20%
-6.89%
2.24%
4.08%
3.24%
FDVV
1.43%
4.69%
-2.82%
11.78%
11.54%
17.37%
N/A
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WBIL vs. FDVV - Expense Ratio Comparison
WBIL has a 1.23% expense ratio, which is higher than FDVV's 0.29% expense ratio.
Risk-Adjusted Performance
WBIL vs. FDVV — Risk-Adjusted Performance Rank
WBIL
FDVV
WBIL vs. FDVV - Risk-Adjusted Performance 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.
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Dividends
WBIL vs. FDVV - Dividend Comparison
WBIL's dividend yield for the trailing twelve months is around 0.08%, less than FDVV's 3.02% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WBIL WBI BullBear Quality 3000 ETF | 0.08% | 0.07% | 0.29% | 1.03% | 2.02% | 0.19% | 0.73% | 0.92% | 0.83% | 0.58% | 0.20% | 0.05% |
FDVV Fidelity High Dividend ETF | 3.02% | 2.94% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.63% | 1.04% | 0.00% | 0.00% |
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.
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Volatility
WBIL vs. FDVV - Volatility Comparison
The current volatility for WBI BullBear Quality 3000 ETF (WBIL) is 3.01%, while Fidelity High Dividend ETF (FDVV) has a volatility of 3.85%. This indicates that WBIL experiences smaller price fluctuations and is considered to be less risky than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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