WBIL vs. INKM
WBIL (WBI BullBear Quality 3000 ETF) and INKM (SPDR SSgA Income Allocation ETF) are both Global Equities funds. Both are actively managed. Over the past 10 years, WBIL returned 6.93%/yr vs 5.79%/yr for INKM. A 0.58 correlation means they provide meaningful diversification when combined. WBIL charges 1.23%/yr vs 0.50%/yr for INKM.
Performance
WBIL vs. INKM - Performance Comparison
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Returns By Period
In the year-to-date period, WBIL achieves a 12.59% return, which is significantly higher than INKM's 6.26% return. Over the past 10 years, WBIL has outperformed INKM with an annualized return of 6.93%, while INKM has yielded a comparatively lower 5.79% annualized 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%
INKM
- 1D
- 0.27%
- 1M
- 0.45%
- YTD
- 6.26%
- 6M
- 5.86%
- 1Y
- 12.56%
- 3Y*
- 10.04%
- 5Y*
- 4.10%
- 10Y*
- 5.79%
WBIL vs. INKM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WBIL WBI BullBear Quality 3000 ETF | 12.59% | -0.47% | 13.29% | 11.79% | -9.60% | 18.67% | -2.19% | 11.65% | -9.67% | 19.31% |
INKM SPDR SSgA Income Allocation ETF | 6.26% | 11.86% | 5.70% | 10.26% | -12.58% | 8.52% | 3.11% | 17.12% | -5.32% | 13.95% |
Correlation
The correlation between WBIL and INKM is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2014 | 0.58 |
The correlation between WBIL and INKM has been stable across timeframes, ranging from 0.55 to 0.58 - a consistent structural relationship.
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Return for Risk
WBIL vs. INKM — Risk / Return Rank
WBIL
INKM
WBIL vs. INKM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WBI BullBear Quality 3000 ETF (WBIL) and SPDR SSgA Income Allocation ETF (INKM). 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 | INKM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.39 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 2.77 | -0.40 |
| Martin ratioReturn relative to average drawdown | 9.81 | 10.87 | -1.06 |
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Drawdowns
WBIL vs. INKM - Drawdown Comparison
The maximum WBIL drawdown since its inception was -25.30%, smaller than the maximum INKM drawdown of -28.58%. Use the drawdown chart below to compare losses from any high point for WBIL and INKM.
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Drawdown Indicators
| WBIL | INKM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.30% | -28.58% | +3.28% |
Max Drawdown (1Y)Largest decline over 1 year | -9.85% | -4.55% | -5.30% |
Max Drawdown (3Y)Largest decline over 3 years | -25.30% | -9.25% | -16.05% |
Max Drawdown (5Y)Largest decline over 5 years | -25.30% | -19.18% | -6.12% |
Max Drawdown (10Y)Largest decline over 10 years | -25.30% | -28.58% | +3.28% |
Current DrawdownCurrent decline from peak | -4.06% | -0.35% | -3.71% |
Average DrawdownAverage peak-to-trough decline | -6.96% | -3.68% | -3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 1.16% | +1.22% |
Volatility
WBIL vs. INKM - Volatility Comparison
WBI BullBear Quality 3000 ETF (WBIL) has a higher volatility of 6.91% compared to SPDR SSgA Income Allocation ETF (INKM) at 1.82%. This indicates that WBIL's price experiences larger fluctuations and is considered to be riskier than INKM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WBIL | INKM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 1.82% | +5.09% |
Volatility (6M)Calculated over the trailing 6-month period | 12.03% | 4.78% | +7.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.36% | 6.08% | +9.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.89% | 8.32% | +5.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.78% | 9.76% | +3.02% |
WBIL vs. INKM - Expense Ratio Comparison
WBIL has a 1.23% expense ratio, which is higher than INKM's 0.50% expense ratio.
Dividends
WBIL vs. INKM - Dividend Comparison
WBIL's dividend yield for the trailing twelve months is around 0.04%, less than INKM's 4.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INKM SPDR SSgA Income Allocation ETF | 4.79% | 5.82% | 4.83% | 4.56% | 5.03% | 3.74% | 3.88% | 4.38% | 4.08% | 3.10% | 3.39% | 3.45% |
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
WBIL and INKM have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WBIL has higher volatility (6.91%) compared to INKM (1.82%). In terms of maximum drawdown, WBIL dropped -25.30% vs INKM's -28.58%.
On 10-year performance, WBIL leads with 6.93% vs 5.79% for INKM. On fees, INKM is cheaper at 0.50% per year. On volatility, INKM has been the lower-risk option at 1.82%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, WBIL has performed better with a 6.93% return vs 5.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
INKM is cheaper with a 0.50% expense ratio, compared with 1.23% for WBIL.
INKM has the higher dividend yield at 4.79%, compared with 0.04% for WBIL.
They also come from different issuers: WBI and State Street. Their fees differ too: 1.23% for WBIL and 0.50% for INKM.
INKM currently has the higher Sharpe Ratio (2.08 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.
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