WBIL vs. VEGA
WBIL (WBI BullBear Quality 3000 ETF) and VEGA (AdvisorShares STAR Global Buy-Write ETF) are both Global Equities funds. Both are actively managed. Over the past 10 years, WBIL returned 6.93%/yr vs 8.13%/yr for VEGA. A 0.60 correlation means they provide meaningful diversification when combined. WBIL charges 1.23%/yr vs 2.02%/yr for VEGA.
Performance
WBIL vs. VEGA - 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 VEGA's 5.78% return. Over the past 10 years, WBIL has underperformed VEGA with an annualized return of 6.93%, while VEGA has yielded a comparatively higher 8.13% 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%
VEGA
- 1D
- 0.19%
- 1M
- -0.87%
- YTD
- 5.78%
- 6M
- 4.86%
- 1Y
- 15.56%
- 3Y*
- 13.03%
- 5Y*
- 6.70%
- 10Y*
- 8.13%
WBIL vs. VEGA - 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% |
VEGA AdvisorShares STAR Global Buy-Write ETF | 5.78% | 15.83% | 11.20% | 15.12% | -15.02% | 12.36% | 8.37% | 19.29% | -6.58% | 11.50% |
Correlation
The correlation between WBIL and VEGA is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2014 | 0.60 |
The correlation between WBIL and VEGA shifts across timeframes, from 0.60 (all time) to 0.78 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
WBIL vs. VEGA — Risk / Return Rank
WBIL
VEGA
WBIL vs. VEGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WBI BullBear Quality 3000 ETF (WBIL) and AdvisorShares STAR Global Buy-Write ETF (VEGA). 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 | VEGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.31 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 2.28 | +0.09 |
| Martin ratioReturn relative to average drawdown | 9.81 | 9.91 | -0.10 |
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Drawdowns
WBIL vs. VEGA - Drawdown Comparison
The maximum WBIL drawdown since its inception was -25.30%, smaller than the maximum VEGA drawdown of -28.37%. Use the drawdown chart below to compare losses from any high point for WBIL and VEGA.
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Drawdown Indicators
| WBIL | VEGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.30% | -28.37% | +3.07% |
Max Drawdown (1Y)Largest decline over 1 year | -9.85% | -6.86% | -2.99% |
Max Drawdown (3Y)Largest decline over 3 years | -25.30% | -11.62% | -13.68% |
Max Drawdown (5Y)Largest decline over 5 years | -25.30% | -22.78% | -2.52% |
Max Drawdown (10Y)Largest decline over 10 years | -25.30% | -28.37% | +3.07% |
Current DrawdownCurrent decline from peak | -4.06% | -1.74% | -2.32% |
Average DrawdownAverage peak-to-trough decline | -6.96% | -3.78% | -3.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 1.57% | +0.81% |
Volatility
WBIL vs. VEGA - Volatility Comparison
WBI BullBear Quality 3000 ETF (WBIL) has a higher volatility of 6.91% compared to AdvisorShares STAR Global Buy-Write ETF (VEGA) at 3.77%. This indicates that WBIL's price experiences larger fluctuations and is considered to be riskier than VEGA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WBIL | VEGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 3.77% | +3.14% |
Volatility (6M)Calculated over the trailing 6-month period | 12.03% | 8.05% | +3.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.36% | 9.51% | +5.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.89% | 12.36% | +1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.78% | 12.74% | +0.04% |
WBIL vs. VEGA - Expense Ratio Comparison
WBIL has a 1.23% expense ratio, which is lower than VEGA's 2.02% expense ratio.
Dividends
WBIL vs. VEGA - Dividend Comparison
WBIL's dividend yield for the trailing twelve months is around 0.04%, less than VEGA's 1.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEGA AdvisorShares STAR Global Buy-Write ETF | 1.27% | 1.34% | 1.05% | 1.12% | 1.89% | 0.55% | 0.28% | 0.44% | 0.45% | 0.00% | 0.81% | 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
WBIL and VEGA have a correlation of 0.78, 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 VEGA (3.77%). In terms of maximum drawdown, WBIL dropped -25.30% vs VEGA's -28.37%.
On 10-year performance, VEGA leads with 8.13% vs 6.93% for WBIL. On fees, WBIL is cheaper at 1.23% per year. On volatility, VEGA has been the lower-risk option at 3.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VEGA has performed better with a 8.13% return vs 6.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WBIL is cheaper with a 1.23% expense ratio, compared with 2.02% for VEGA.
VEGA has the higher dividend yield at 1.27%, compared with 0.04% for WBIL.
They also come from different issuers: WBI and AdvisorShares. Their fees differ too: 1.23% for WBIL and 2.02% for VEGA.
VEGA currently has the higher Sharpe Ratio (1.64 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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