WBIY vs. TMDV

Last updated Jun 5, 2026

WBIY (WBI Power Factor High Dividend ETF) and TMDV (ProShares Russell U.S. Dividend Growers ETF) are both Mid Cap Value Equities funds - WBIY tracks the Solactive Power Factor High Dividend Index while TMDV tracks the Russell 3000 Dividend Elite Index. Both are passively managed. Over the past 5 years, WBIY returned 9.29%/yr vs 2.57%/yr for TMDV. Their correlation of 0.81 suggests significant overlap in exposure. WBIY charges 0.97%/yr vs 0.35%/yr for TMDV.

Performance

WBIY vs. TMDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WBI Power Factor High Dividend ETF (WBIY) and ProShares Russell U.S. Dividend Growers ETF (TMDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WBIY achieves a 10.76% return, which is significantly higher than TMDV's 5.35% return.

WBIY

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

TMDV

• 1D: 0.78%
• 1M: -0.16%
• YTD: 5.35%
• 6M: 5.47%
• 1Y: 7.43%
• 3Y*: 5.43%
• 5Y*: 2.57%
• 10Y*: —

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

WBIY vs. TMDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
WBIY WBI Power Factor High Dividend ETF	10.76%	13.00%	8.36%	13.80%	-0.52%	28.35%	-8.48%	2.70%
TMDV ProShares Russell U.S. Dividend Growers ETF	5.35%	2.91%	2.64%	2.25%	-5.10%	23.45%	4.82%	3.26%

Correlation

The correlation between WBIY and TMDV is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Nov 8, 2019	0.81

The correlation between WBIY and TMDV has been stable across timeframes, ranging from 0.74 to 0.81 - a consistent structural relationship.

WBIY vs. TMDV - Sectors Allocation Comparison

Sectors	WBIY	TMDV
Financial Services	18.7%	16.0%
Consumer Defensive	16.4%	23.8%
Consumer Cyclical	13.1%	5.8%
Communication Services	11.0%	-
Technology	10.1%	1.5%
Industrials	9.4%	15.9%
Healthcare	6.2%	5.6%
Utilities	6.1%	12.3%
Energy	6.0%	3.0%
Basic Materials	1.9%	11.7%
Real Estate	1.1%	4.6%

Return for Risk

WBIY vs. TMDV — Risk / Return Rank

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

WBIY

WBIY Risk / Return Rank: 62
WBIY Sharpe Ratio Rank: 54
WBIY Sortino Ratio Rank: 62
WBIY Omega Ratio Rank: 53
WBIY Calmar Ratio Rank: 81
WBIY Martin Ratio Rank: 60

TMDV

TMDV Risk / Return Rank: 19
TMDV Sharpe Ratio Rank: 20
TMDV Sortino Ratio Rank: 20
TMDV Omega Ratio Rank: 18
TMDV Calmar Ratio Rank: 19
TMDV Martin Ratio Rank: 18

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. TMDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WBI Power Factor High Dividend ETF (WBIY) and ProShares Russell U.S. Dividend Growers ETF (TMDV). 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.

	WBIY	TMDV	Difference
Sharpe ratio: Return per unit of total volatility	1.83	0.62	+1.21
Sortino ratio: Return per unit of downside risk	2.87	1.00	+1.87
Omega ratio: Gain probability vs. loss probability	1.33	1.11	+0.22
Calmar ratio: Return relative to maximum drawdown	4.16	0.76	+3.40
Martin ratio: Return relative to average drawdown	10.49	1.86	+8.62
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. TMDV - Sharpe Ratio Comparison

The current WBIY Sharpe Ratio is 1.83, which is higher than the TMDV Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of WBIY and TMDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WBIY	TMDV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	0.62	+1.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.18	+0.32
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.31	+0.07

Drawdowns

WBIY vs. TMDV - Drawdown Comparison

The maximum WBIY drawdown since its inception was -48.71%, which is greater than TMDV's maximum drawdown of -33.42%. Use the drawdown chart below to compare losses from any high point for WBIY and TMDV.

Drawdown Indicators

	WBIY	TMDV	Difference
Max Drawdown Largest peak-to-trough decline	-48.71%	-33.42%	-15.29%
Max Drawdown (1Y) Largest decline over 1 year	-6.63%	-9.82%	+3.19%
Max Drawdown (3Y) Largest decline over 3 years	-19.37%	-16.02%	-3.35%
Max Drawdown (5Y) Largest decline over 5 years	-20.97%	-17.11%	-3.86%
Current Drawdown Current decline from peak	-1.15%	-5.82%	+4.67%
Average Drawdown Average peak-to-trough decline	-7.11%	-5.43%	-1.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	4.00%	-1.38%

Volatility

WBIY vs. TMDV - Volatility Comparison

WBI Power Factor High Dividend ETF (WBIY) has a higher volatility of 3.67% compared to ProShares Russell U.S. Dividend Growers ETF (TMDV) at 2.91%. This indicates that WBIY's price experiences larger fluctuations and is considered to be riskier than TMDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WBIY	TMDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	2.91%	+0.76%
Volatility (6M) Calculated over the trailing 6-month period	8.92%	8.55%	+0.37%
Volatility (1Y) Calculated over the trailing 1-year period	15.07%	12.11%	+2.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.51%	14.43%	+4.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.65%	18.64%	+4.01%

WBIY vs. TMDV - Expense Ratio Comparison

WBIY has a 0.97% expense ratio, which is higher than TMDV's 0.35% expense ratio.

Dividends

WBIY vs. TMDV - Dividend Comparison

WBIY's dividend yield for the trailing twelve months is around 4.38%, more than TMDV's 2.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
TMDV ProShares Russell U.S. Dividend Growers ETF	2.60%	2.65%	2.70%	2.45%	2.46%	2.14%	2.28%	0.16%	0.00%	0.00%	0.00%
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%

Frequently Asked Questions

Can I hold both WBIY and TMDV in my portfolio?

WBIY and TMDV have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WBIY or TMDV?

WBIY has higher volatility (3.67%) compared to TMDV (2.91%). In terms of maximum drawdown, WBIY dropped -48.71% vs TMDV's -33.42%.

Which ETF is better, WBIY or TMDV?

On 5-year performance, WBIY leads with 9.29% vs 2.57% for TMDV. On fees, TMDV is cheaper at 0.35% per year. On volatility, TMDV has been the lower-risk option at 2.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WBIY or TMDV?

Over the 5-year period, WBIY has performed better with a 9.29% return vs 2.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WBIY or TMDV?

TMDV is cheaper with a 0.35% expense ratio, compared with 0.97% for WBIY.

Which ETF pays a higher dividend yield, WBIY or TMDV?

WBIY has the higher dividend yield at 4.38%, compared with 2.60% for TMDV.

What is the main difference between WBIY and TMDV?

WBIY tracks Solactive Power Factor High Dividend Index, while TMDV tracks Russell 3000 Dividend Elite Index. They also come from different issuers: WBI and ProShares. Their fees differ too: 0.97% for WBIY and 0.35% for TMDV.

Which has better risk-adjusted returns?

WBIY currently has the higher Sharpe Ratio (1.83 vs 0.62), 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.