WTBN vs. USDX

Last updated Apr 2, 2026

Compare and contrast key facts about WisdomTree Bianco Total Return Fund (WTBN) and SGI Enhanced Core ETF (USDX).

WTBN and USDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WTBN is a passively managed fund by WisdomTree that tracks the performance of the Bianco Research Fixed Income Total Return Index. It was launched on Dec 18, 2023. USDX is an actively managed fund by Summit Global Investments. It was launched on Feb 28, 2024.

Performance

WTBN vs. USDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Bianco Total Return Fund (WTBN) and SGI Enhanced Core ETF (USDX). The values are adjusted to include any dividend payments, if applicable.

WTBN vs. USDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WTBN WisdomTree Bianco Total Return Fund	-0.32%	6.90%	3.69%
USDX SGI Enhanced Core ETF	1.28%	6.25%	6.87%

Returns By Period

In the year-to-date period, WTBN achieves a -0.32% return, which is significantly lower than USDX's 1.28% return.

WTBN

• 1D: -0.09%
• 1M: -1.36%
• YTD: -0.32%
• 6M: 0.30%
• 1Y: 3.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USDX

• 1D: 0.14%
• 1M: 0.84%
• YTD: 1.28%
• 6M: 3.10%
• 1Y: 5.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WTBN vs. USDX - Expense Ratio Comparison

WTBN has a 0.59% expense ratio, which is lower than USDX's 0.98% expense ratio.

USDX

SGI Enhanced Core ETF

WTBN

WisdomTree Bianco Total Return Fund

Return for Risk

WTBN vs. USDX — Risk / Return Rank

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

WTBN

WTBN Risk / Return Rank: 47
WTBN Sharpe Ratio Rank: 49
WTBN Sortino Ratio Rank: 46
WTBN Omega Ratio Rank: 40
WTBN Calmar Ratio Rank: 54
WTBN Martin Ratio Rank: 45

USDX

USDX Risk / Return Rank: 98
USDX Sharpe Ratio Rank: 98
USDX Sortino Ratio Rank: 98
USDX Omega Ratio Rank: 98
USDX Calmar Ratio Rank: 98
USDX Martin Ratio Rank: 98

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. USDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Bianco Total Return Fund (WTBN) and SGI Enhanced Core ETF (USDX). 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.

	WTBN	USDX	Difference
Sharpe ratio Return per unit of total volatility	0.96	3.26	-2.31
Sortino ratio Return per unit of downside risk	1.36	5.09	-3.73
Omega ratio Gain probability vs. loss probability	1.17	1.83	-0.66
Calmar ratio Return relative to maximum drawdown	1.59	6.24	-4.65
Martin ratio Return relative to average drawdown	4.98	33.37	-28.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WTBN vs. USDX - Sharpe Ratio Comparison

The current WTBN Sharpe Ratio is 0.96, which is lower than the USDX Sharpe Ratio of 3.26. The chart below compares the historical Sharpe Ratios of WTBN and USDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	WTBN	USDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.96	3.26	-2.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	4.44	-3.59

Correlation

The correlation between WTBN and USDX is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

WTBN vs. USDX - Dividend Comparison

WTBN's dividend yield for the trailing twelve months is around 3.90%, less than USDX's 5.62% yield.

	TTM	2025	2024	2023
WTBN WisdomTree Bianco Total Return Fund	3.90%	4.13%	3.47%	0.03%
USDX SGI Enhanced Core ETF	5.62%	5.88%	4.60%	0.00%

Drawdowns

WTBN vs. USDX - Drawdown Comparison

The maximum WTBN drawdown since its inception was -4.08%, which is greater than USDX's maximum drawdown of -0.94%. Use the drawdown chart below to compare losses from any high point for WTBN and USDX.

Drawdown Indicators

	WTBN	USDX	Difference
Max Drawdown Largest peak-to-trough decline	-4.08%	-0.94%	-3.14%
Max Drawdown (1Y) Largest decline over 1 year	-2.54%	-0.94%	-1.60%
Current Drawdown Current decline from peak	-1.80%	0.00%	-1.80%
Average Drawdown Average peak-to-trough decline	-1.10%	-0.06%	-1.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.81%	0.18%	+0.63%

Volatility

WTBN vs. USDX - Volatility Comparison

WisdomTree Bianco Total Return Fund (WTBN) has a higher volatility of 1.61% compared to SGI Enhanced Core ETF (USDX) at 0.48%. This indicates that WTBN's price experiences larger fluctuations and is considered to be riskier than USDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WTBN	USDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.61%	0.48%	+1.13%
Volatility (6M) Calculated over the trailing 6-month period	2.39%	1.39%	+1.00%
Volatility (1Y) Calculated over the trailing 1-year period	4.16%	1.78%	+2.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.57%	1.57%	+3.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.57%	1.57%	+3.00%