WBIL vs. HERD

Last updated Jun 26, 2026

WBIL (WBI BullBear Quality 3000 ETF) and HERD (Pacer Cash Cows Fund of Funds ETF) are both Global Equities funds. WBIL is actively managed, while HERD is passively managed. Over the past 5 years, WBIL returned 5.75%/yr vs 9.17%/yr for HERD. A 0.54 correlation means they provide meaningful diversification when combined. WBIL charges 1.23%/yr vs 0.73%/yr for HERD.

Performance

WBIL vs. HERD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WBI BullBear Quality 3000 ETF (WBIL) and Pacer Cash Cows Fund of Funds ETF (HERD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WBIL achieves a 12.59% return, which is significantly higher than HERD's 7.59% return.

WBIL

• 1D: 0.02%
• 1M: 0.88%
• YTD: 12.59%
• 6M: 10.68%
• 1Y: 23.27%
• 3Y*: 11.37%
• 5Y*: 5.75%
• 10Y*: 6.93%

HERD

• 1D: -0.23%
• 1M: -3.02%
• YTD: 7.59%
• 6M: 6.66%
• 1Y: 23.19%
• 3Y*: 15.28%
• 5Y*: 9.17%
• 10Y*: —

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

WBIL vs. HERD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
WBIL WBI BullBear Quality 3000 ETF	12.59%	-0.47%	13.29%	11.79%	-9.60%	18.67%	-2.19%	0.98%
HERD Pacer Cash Cows Fund of Funds ETF	7.59%	19.07%	2.91%	20.72%	-6.96%	28.58%	10.71%	6.95%

Correlation

The correlation between WBIL and HERD is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since May 7, 2019	0.54

The correlation between WBIL and HERD shifts across timeframes, from 0.54 (all time) to 0.66 (1 year), reflecting how their relationship changes across market environments.

WBIL vs. HERD - Sectors Allocation Comparison

Sectors	WBIL	HERD
Technology	45.8%	20.7%
Industrials	12.2%	13.3%
Consumer Cyclical	8.7%	15.8%
Financial Services	8.7%	0.0%
Communication Services	7.3%	8.0%
Healthcare	5.8%	14.4%
Consumer Defensive	5.2%	7.8%
Real Estate	2.8%	0.3%
Basic Materials	2.7%	4.8%
Energy	2.5%	14.3%
Utilities	1.3%	0.7%

Return for Risk

WBIL vs. HERD — Risk / Return Rank

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

WBIL

WBIL Risk / Return Rank: 52
WBIL Sharpe Ratio Rank: 49
WBIL Sortino Ratio Rank: 48
WBIL Omega Ratio Rank: 47
WBIL Calmar Ratio Rank: 54
WBIL Martin Ratio Rank: 62

HERD

HERD Risk / Return Rank: 74
HERD Sharpe Ratio Rank: 70
HERD Sortino Ratio Rank: 71
HERD Omega Ratio Rank: 68
HERD Calmar Ratio Rank: 85
HERD Martin Ratio Rank: 77

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.

WBIL vs. HERD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WBI BullBear Quality 3000 ETF (WBIL) and Pacer Cash Cows Fund of Funds ETF (HERD). 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	HERD	Difference
Sharpe ratio: Return per unit of total volatility	1.52	1.96	-0.44
Sortino ratio: Return per unit of downside risk	2.15	2.77	-0.62
Omega ratio: Gain probability vs. loss probability	1.27	1.35	-0.08
Calmar ratio: Return relative to maximum drawdown	2.37	4.10	-1.73
Martin ratio: Return relative to average drawdown	9.81	12.75	-2.94

WBIL vs. HERD - Sharpe Ratio Comparison

The current WBIL Sharpe Ratio is 1.52, which is comparable to the HERD Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of WBIL and HERD, 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. HERD - Drawdown Comparison

The maximum WBIL drawdown since its inception was -25.30%, smaller than the maximum HERD drawdown of -39.41%. Use the drawdown chart below to compare losses from any high point for WBIL and HERD.

Drawdown Indicators

	WBIL	HERD	Difference
Max Drawdown Largest peak-to-trough decline	-25.30%	-39.41%	+14.11%
Max Drawdown (1Y) Largest decline over 1 year	-9.85%	-5.68%	-4.17%
Max Drawdown (3Y) Largest decline over 3 years	-25.30%	-18.90%	-6.40%
Max Drawdown (5Y) Largest decline over 5 years	-25.30%	-21.60%	-3.70%
Max Drawdown (10Y) Largest decline over 10 years	-25.30%	—	—
Current Drawdown Current decline from peak	-4.06%	-4.63%	+0.57%
Average Drawdown Average peak-to-trough decline	-6.96%	-4.54%	-2.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.38%	1.82%	+0.56%

Volatility

WBIL vs. HERD - Volatility Comparison

WBI BullBear Quality 3000 ETF (WBIL) has a higher volatility of 6.91% compared to Pacer Cash Cows Fund of Funds ETF (HERD) at 3.79%. This indicates that WBIL's price experiences larger fluctuations and is considered to be riskier than HERD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WBIL	HERD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.91%	3.79%	+3.12%
Volatility (6M) Calculated over the trailing 6-month period	12.03%	8.27%	+3.76%
Volatility (1Y) Calculated over the trailing 1-year period	15.36%	11.93%	+3.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.89%	17.75%	-3.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.78%	20.45%	-7.67%

WBIL vs. HERD - Expense Ratio Comparison

WBIL has a 1.23% expense ratio, which is higher than HERD's 0.73% expense ratio.

Dividends

WBIL vs. HERD - Dividend Comparison

WBIL's dividend yield for the trailing twelve months is around 0.04%, less than HERD's 2.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HERD Pacer Cash Cows Fund of Funds ETF	2.91%	3.75%	2.43%	2.54%	2.50%	2.02%	1.95%	1.69%	0.00%	0.00%	0.00%	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 HERD in my portfolio?

WBIL and HERD have a correlation of 0.66, 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 HERD?

WBIL has higher volatility (6.91%) compared to HERD (3.79%). In terms of maximum drawdown, WBIL dropped -25.30% vs HERD's -39.41%.

Which ETF is better, WBIL or HERD?

On 5-year performance, HERD leads with 9.17% vs 5.75% for WBIL. On fees, HERD is cheaper at 0.73% per year. On volatility, HERD has been the lower-risk option at 3.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WBIL or HERD?

Over the 5-year period, HERD has performed better with a 9.17% return vs 5.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WBIL or HERD?

HERD is cheaper with a 0.73% expense ratio, compared with 1.23% for WBIL.

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

HERD has the higher dividend yield at 2.91%, compared with 0.04% for WBIL.

What is the main difference between WBIL and HERD?

They also come from different issuers: WBI and Pacer. Their fees differ too: 1.23% for WBIL and 0.73% for HERD.

Which has better risk-adjusted returns?

HERD currently has the higher Sharpe Ratio (1.96 vs 1.52), 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.