CAPE vs WBIF
DoubleLine Shiller CAPE US Equities ETF vs WBI BullBear Value 3000 ETF
Which is better, CAPE or WBIF?
Each has led over a different period.
CAPE has a lower expense ratio. CAPE led over 3Y and the full window, WBIF over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CAPE | WBIF |
|---|---|---|
| Expense Ratio | 0.65%Best | 1.65% |
| AUM | $209M | $23M |
| Dividend Yield | 1.46% | 0.00% |
| Holdings | 182 | 152 |
| YTD Return | +0.19% | +14.87%Best |
| 1Y Return | +0.83% | +15.37%Best |
| 3Y Return (annualized) | +11.60%Best | +10.35% |
| 5Y Return (annualized) | - | +4.01% |
| Volatility (annualized) | 16.7% | 13.0%Best |
| Max Drawdown | -22.1% | -20.3%Best |
| $10,000 over 4.5 years | $13,406Best | $11,644 |
| Fund Family | DoubleLine Funds | WBI Investments |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Mar 31, 2022 | Aug 25, 2014 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.5 years row, are measured over the window both funds cover: Apr 5, 2022 to Oct 14, 2026 (4.5 years).
CAPE vs WBIF growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.5 years both funds cover.
CAPE vs WBIF Performance
DoubleLine Shiller CAPE US Equities ETF (CAPE) is an ETF from DoubleLine Funds and WBI BullBear Value 3000 ETF (WBIF) is an ETF from WBI Investments. Over the past year CAPE returned +0.83% while WBIF returned +15.37%. Year to date, CAPE is up 0.19% versus a gain of 14.87% for WBIF.
Over three years, CAPE compounded at +11.60% per year against +10.35% for WBIF.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CAPE has been the more volatile fund, with annualized monthly volatility of 16.7% compared with 13.0% for WBIF. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -22.1% for CAPE and -20.3% for WBIF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CAPE charges 0.65% per year while WBIF charges 1.65%. On a $10,000 position that is $65 vs $165 annually, a gap of $100 per year that compounds over a long holding period. On income, CAPE currently yields 1.46% against 0.00% for WBIF.
Holdings Overlap
At least 3.4% of CAPE's money is in holdings WBIF also owns.
Stated as a floor: for WBIF, our book for it covers 83.6% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
CAPE and WBIF share little of their money.
8 positions in common, counted across the 170 positions we hold weights for in CAPE and 62 in WBIF, against full books of 182 and 152.
Top Shared Holdings
| Stock | Weight in CAPE | Weight in WBIF | Difference |
|---|---|---|---|
| BALLBall Corp. | 0.57% | 2.38% | 1.81% |
| ROSTRoss Stores, Inc. | 0.46% | 2.47% | 2.01% |
| SHWSherwin Williams Co/the | 1.23% | 1.44% | 0.21% |
| AVYAvery Dennison Corp. | 0.45% | 1.48% | 1.03% |
| WSMWilliams-sonoma Inc | 0.17% | 1.50% | 1.33% |
| SJMJm Smucker Co. | 0.22% | 1.43% | 1.21% |
| RLRalph Lauren Corp. Class A | 0.08% | 1.07% | 0.99% |
| MKCMccormick & Co. Inc./md | 0.22% | 0.56% | 0.34% |
You are not choosing between two funds in isolation.
Whichever of CAPE and WBIF you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CAPE or WBIF?
CAPE has an expense ratio of 0.65% while WBIF charges 1.65%. CAPE is the cheaper option, by $100 a year on a $10,000 investment.
Which performed better, CAPE or WBIF?
Over the past year CAPE returned +0.83% vs +15.37% for WBIF, so WBIF leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CAPE or WBIF?
CAPE has been the more volatile fund at 16.7% annualized versus 13.0% for WBIF. Worst drawdown: CAPE -22.1% vs WBIF -20.3%.
Should I hold both CAPE and WBIF?
CAPE and WBIF have a monthly-return correlation of 0.71, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CAPE and WBIF?
At least 3.4% of CAPE's money is in holdings WBIF also owns. Our book for WBIF is partial, so the real figure is this or higher. They hold 8 positions in common, counted across the 170 positions we hold weights for in CAPE and 62 in WBIF.
Which pays a higher dividend, CAPE or WBIF?
CAPE yields 1.46% while WBIF yields 0.00%, so CAPE currently pays the higher dividend yield.
Is WBIF better than CAPE?
CAPE has a lower expense ratio. CAPE led over 3Y and the full window, WBIF over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.