WTBN vs. PIFI

Last updated Jun 23, 2026

WTBN (WisdomTree Bianco Total Return Fund) and PIFI (ClearShares Piton Intermediate Fixed Income ETF) are both Intermediate Core Bond funds. WTBN is passively managed, while PIFI is actively managed. Over the past year, WTBN returned 3.69% vs 2.97% for PIFI. Their correlation of 0.89 suggests significant overlap in exposure. WTBN charges 0.59%/yr vs 0.45%/yr for PIFI.

Performance

WTBN vs. PIFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Bianco Total Return Fund (WTBN) and ClearShares Piton Intermediate Fixed Income ETF (PIFI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WTBN achieves a 0.02% return, which is significantly higher than PIFI's -0.18% return.

WTBN

• 1D: -0.28%
• 1M: 0.38%
• YTD: 0.02%
• 6M: 0.18%
• 1Y: 3.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PIFI

• 1D: -0.21%
• 1M: 0.12%
• YTD: -0.18%
• 6M: -0.04%
• 1Y: 2.97%
• 3Y*: 3.79%
• 5Y*: 1.05%
• 10Y*: —

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

WTBN vs. PIFI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
WTBN WisdomTree Bianco Total Return Fund	0.02%	6.90%	2.26%	0.31%
PIFI ClearShares Piton Intermediate Fixed Income ETF	-0.18%	6.29%	2.52%	0.48%

Correlation

The correlation between WTBN and PIFI is 0.90, 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	0.90
Correlation (All Time) Calculated using the full available price history since Dec 20, 2023	0.89

The correlation between WTBN and PIFI has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.

Return for Risk

WTBN vs. PIFI — Risk / Return Rank

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

WTBN

WTBN Risk / Return Rank: 28
WTBN Sharpe Ratio Rank: 29
WTBN Sortino Ratio Rank: 28
WTBN Omega Ratio Rank: 26
WTBN Calmar Ratio Rank: 27
WTBN Martin Ratio Rank: 28

PIFI

PIFI Risk / Return Rank: 32
PIFI Sharpe Ratio Rank: 33
PIFI Sortino Ratio Rank: 34
PIFI Omega Ratio Rank: 30
PIFI Calmar Ratio Rank: 32
PIFI Martin Ratio Rank: 30

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.

WTBN vs. PIFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Bianco Total Return Fund (WTBN) and ClearShares Piton Intermediate Fixed Income ETF (PIFI). 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.

	WTBN	PIFI	Difference
Sharpe ratio: Return per unit of total volatility	1.01	1.14	-0.14
Sortino ratio: Return per unit of downside risk	1.47	1.73	-0.25
Omega ratio: Gain probability vs. loss probability	1.17	1.20	-0.03
Calmar ratio: Return relative to maximum drawdown	1.30	1.55	-0.25
Martin ratio: Return relative to average drawdown	3.78	4.11	-0.33

WTBN vs. PIFI - Sharpe Ratio Comparison

The current WTBN Sharpe Ratio is 1.01, which is comparable to the PIFI Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of WTBN and PIFI, 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

WTBN vs. PIFI - Drawdown Comparison

The maximum WTBN drawdown since its inception was -4.08%, smaller than the maximum PIFI drawdown of -10.59%. Use the drawdown chart below to compare losses from any high point for WTBN and PIFI.

Drawdown Indicators

	WTBN	PIFI	Difference
Max Drawdown Largest peak-to-trough decline	-4.08%	-10.59%	+6.51%
Max Drawdown (1Y) Largest decline over 1 year	-2.86%	-1.93%	-0.93%
Max Drawdown (3Y) Largest decline over 3 years	—	-2.75%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-10.41%	—
Current Drawdown Current decline from peak	-1.47%	-1.49%	+0.02%
Average Drawdown Average peak-to-trough decline	-1.14%	-3.21%	+2.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.98%	0.73%	+0.25%

Volatility

WTBN vs. PIFI - Volatility Comparison

WisdomTree Bianco Total Return Fund (WTBN) has a higher volatility of 1.28% compared to ClearShares Piton Intermediate Fixed Income ETF (PIFI) at 0.82%. This indicates that WTBN's price experiences larger fluctuations and is considered to be riskier than PIFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WTBN	PIFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.28%	0.82%	+0.46%
Volatility (6M) Calculated over the trailing 6-month period	2.82%	1.93%	+0.89%
Volatility (1Y) Calculated over the trailing 1-year period	3.69%	2.62%	+1.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.55%	3.68%	+0.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.55%	3.48%	+1.07%

WTBN vs. PIFI - Expense Ratio Comparison

WTBN has a 0.59% expense ratio, which is higher than PIFI's 0.45% expense ratio.

Dividends

WTBN vs. PIFI - Dividend Comparison

WTBN's dividend yield for the trailing twelve months is around 3.97%, more than PIFI's 3.76% yield.

Position	TTM	2025	2024	2023	2022	2021
PIFI ClearShares Piton Intermediate Fixed Income ETF	3.76%	3.16%	2.92%	2.29%	1.22%	0.25%
WTBN WisdomTree Bianco Total Return Fund	3.97%	4.13%	3.47%	0.03%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WTBN and PIFI in my portfolio?

With a correlation of 0.90, WTBN and PIFI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, WTBN or PIFI?

WTBN has higher volatility (1.28%) compared to PIFI (0.82%). In terms of maximum drawdown, WTBN dropped -4.08% vs PIFI's -10.59%.

Which ETF is better, WTBN or PIFI?

On 1-year performance, WTBN leads with 3.69% vs 2.97% for PIFI. On fees, PIFI is cheaper at 0.45% per year. On volatility, PIFI has been the lower-risk option at 0.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WTBN or PIFI?

Over the 1-year period, WTBN has performed better with a 3.69% return vs 2.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WTBN or PIFI?

PIFI is cheaper with a 0.45% expense ratio, compared with 0.59% for WTBN.

Which ETF pays a higher dividend yield, WTBN or PIFI?

WTBN has the higher dividend yield at 3.97%, compared with 3.76% for PIFI.

What is the main difference between WTBN and PIFI?

They also come from different issuers: WisdomTree and ClearShares. Their fees differ too: 0.59% for WTBN and 0.45% for PIFI.

Which has better risk-adjusted returns?

PIFI currently has the higher Sharpe Ratio (1.14 vs 1.01), 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.