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WBIY vs. FAB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WBIY vs. FAB

Last updated Jun 5, 2026

WBIY (WBI Power Factor High Dividend ETF) and FAB (First Trust Multi Cap Value AlphaDEX Fund) are both Mid Cap Value Equities funds - WBIY tracks the Solactive Power Factor High Dividend Index while FAB tracks the NASDAQ AlphaDEX Multi Cap Value Index. Both are passively managed. Over the past 5 years, WBIY returned 9.29%/yr vs 8.09%/yr for FAB. Their correlation of 0.89 suggests significant overlap in exposure. WBIY charges 0.97%/yr vs 0.64%/yr for FAB.

Performance

WBIY vs. FAB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WBI Power Factor High Dividend ETF (WBIY) and First Trust Multi Cap Value AlphaDEX Fund (FAB). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, WBIY achieves a 10.76% return, which is significantly lower than FAB's 11.86% return.

WBIY

1D
0.69%
1M
2.63%
YTD
10.76%
6M
11.81%
1Y
27.44%
3Y*
17.19%
5Y*
9.29%
10Y*
—

FAB

1D
1.04%
1M
1.12%
YTD
11.86%
6M
12.54%
1Y
27.97%
3Y*
15.96%
5Y*
8.09%
10Y*
10.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WBIY vs. FAB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
WBIY
WBI Power Factor High Dividend ETF		10.76%13.00%8.36%13.80%-0.52%28.35%-8.48%24.82%-14.47%14.59%
FAB
First Trust Multi Cap Value AlphaDEX Fund		11.86%9.86%7.82%15.81%-6.79%30.83%2.40%23.73%-14.62%14.62%

Correlation

The correlation between WBIY and FAB is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.84

Correlation (3Y)
Calculated over the trailing 3-year period

0.88

Correlation (5Y)
Calculated over the trailing 5-year period

0.90

Correlation (All Time)
Calculated using the full available price history since Dec 23, 2016

0.89

The correlation between WBIY and FAB has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.

WBIY vs. FAB - Sectors Allocation Comparison

Sectors
WBIY
FAB

Financial Services

18.7%
23.9%

Consumer Defensive

16.4%
5.9%

Consumer Cyclical

13.1%
13.9%

Communication Services

11.0%
2.7%

Technology

10.1%
7.9%

Industrials

9.4%
12.0%

Healthcare

6.2%
7.1%

Utilities

6.1%
6.2%

Energy

6.0%
8.3%

Basic Materials

1.9%
3.9%

Real Estate

1.1%
7.7%

Financial Services

WBIY
18.7%
FAB
23.9%

Consumer Defensive

WBIY
16.4%
FAB
5.9%

Consumer Cyclical

WBIY
13.1%
FAB
13.9%

Communication Services

WBIY
11.0%
FAB
2.7%

Technology

WBIY
10.1%
FAB
7.9%

Industrials

WBIY
9.4%
FAB
12.0%

Healthcare

WBIY
6.2%
FAB
7.1%

Utilities

WBIY
6.1%
FAB
6.2%

Energy

WBIY
6.0%
FAB
8.3%

Basic Materials

WBIY
1.9%
FAB
3.9%

Real Estate

WBIY
1.1%
FAB
7.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

WBI Power Factor High Dividend ETF

First Trust Multi Cap Value AlphaDEX Fund

Often compared with WBIY:
WBIY vs. VWIDWBIY vs. EFASWBIY vs. RDVYWBIY vs. IVWWBIY vs. JEPIWBIY vs. IRBOWBIY vs. SCHD
Often compared with FAB:
FAB vs. MTUMFAB vs. FNCMXFAB vs. CVARFAB vs. QQQMFAB vs. ABLDFAB vs. SPUSFAB vs. VOT

Return for Risk

WBIY vs. FAB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WBIY
WBIY Risk / Return Rank: 6262
Overall Rank
WBIY Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
WBIY Sortino Ratio Rank: 6262
Sortino Ratio Rank
WBIY Omega Ratio Rank: 5353
Omega Ratio Rank
WBIY Calmar Ratio Rank: 8181
Calmar Ratio Rank
WBIY Martin Ratio Rank: 6060
Martin Ratio Rank
FAB
FAB Risk / Return Rank: 6969
Overall Rank
FAB Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
FAB Sortino Ratio Rank: 6969
Sortino Ratio Rank
FAB Omega Ratio Rank: 6060
Omega Ratio Rank
FAB Calmar Ratio Rank: 8181
Calmar Ratio Rank
FAB Martin Ratio Rank: 7171
Martin Ratio Rank
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.

WBIY vs. FAB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WBI Power Factor High Dividend ETF (WBIY) and First Trust Multi Cap Value AlphaDEX Fund (FAB). 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.

WBIYFABDifference
Sharpe ratioReturn per unit of total volatility
1.83
2.04

-0.21

Sortino ratioReturn per unit of downside risk
2.87
3.10

-0.24

Omega ratioGain probability vs. loss probability

1.33

1.36

-0.03

Calmar ratioReturn relative to maximum drawdown

4.16

4.22

-0.06

Martin ratioReturn relative to average drawdown

10.49

13.13

-2.64

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WBIY vs. FAB - Sharpe Ratio Comparison

The current WBIY Sharpe Ratio is 1.83, which is comparable to the FAB Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of WBIY and FAB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

WBIYFABDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.83

2.04

-0.21

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.50

0.43

+0.07

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.47

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.38

0.35

+0.03

Drawdowns

WBIY vs. FAB - Drawdown Comparison

The maximum WBIY drawdown since its inception was -48.71%, smaller than the maximum FAB drawdown of -63.29%. Use the drawdown chart below to compare losses from any high point for WBIY and FAB.

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Drawdown Indicators

WBIYFABDifference

Max Drawdown

Largest peak-to-trough decline

-48.71%

-63.29%

+14.58%

Max Drawdown (1Y)

Largest decline over 1 year

-6.63%

-6.65%

+0.02%

Max Drawdown (3Y)

Largest decline over 3 years

-19.37%

-22.91%

+3.54%

Max Drawdown (5Y)

Largest decline over 5 years

-20.97%

-22.91%

+1.94%

Max Drawdown (10Y)

Largest decline over 10 years

—

-47.08%

—

Current Drawdown

Current decline from peak

-1.15%

0.00%

-1.15%

Average Drawdown

Average peak-to-trough decline

-7.11%

-9.25%

+2.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.62%

2.14%

+0.48%

Volatility

WBIY vs. FAB - Volatility Comparison

WBI Power Factor High Dividend ETF (WBIY) has a higher volatility of 3.67% compared to First Trust Multi Cap Value AlphaDEX Fund (FAB) at 3.24%. This indicates that WBIY's price experiences larger fluctuations and is considered to be riskier than FAB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

WBIYFABDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.67%

3.24%

+0.43%

Volatility (6M)

Calculated over the trailing 6-month period

8.92%

8.68%

+0.24%

Volatility (1Y)

Calculated over the trailing 1-year period

15.07%

13.78%

+1.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.51%

18.72%

-0.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.65%

22.06%

+0.59%

WBIY vs. FAB - Expense Ratio Comparison

WBIY has a 0.97% expense ratio, which is higher than FAB's 0.64% expense ratio.

Dividends

WBIY vs. FAB - Dividend Comparison

WBIY's dividend yield for the trailing twelve months is around 4.38%, more than FAB's 1.58% yield.

PositionTTM20252024202320222021202020192018201720162015
FAB
First Trust Multi Cap Value AlphaDEX Fund		1.58%1.57%2.00%1.94%1.80%1.32%1.59%1.75%1.96%1.42%1.40%1.62%
WBIY
WBI Power Factor High Dividend ETF		4.38%4.73%4.57%4.87%4.40%3.94%5.10%4.54%3.25%5.84%0.01%0.00%

Frequently Asked Questions

WBIY and FAB have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

WBIY has higher volatility (3.67%) compared to FAB (3.24%). In terms of maximum drawdown, WBIY dropped -48.71% vs FAB's -63.29%.

On 5-year performance, WBIY leads with 9.29% vs 8.09% for FAB. On fees, FAB is cheaper at 0.64% per year. On volatility, FAB has been the lower-risk option at 3.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, WBIY has performed better with a 9.29% return vs 8.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FAB is cheaper with a 0.64% expense ratio, compared with 0.97% for WBIY.

WBIY has the higher dividend yield at 4.38%, compared with 1.58% for FAB.

WBIY tracks Solactive Power Factor High Dividend Index, while FAB tracks NASDAQ AlphaDEX Multi Cap Value Index. They also come from different issuers: WBI and First Trust. Their fees differ too: 0.97% for WBIY and 0.64% for FAB.

FAB currently has the higher Sharpe Ratio (2.04 vs 1.83), 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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