CAPE vs WBIG
DoubleLine Shiller CAPE US Equities ETF vs WBI BullBear Yield 3000 ETF
Which is better, CAPE or WBIG?
Each has led over a different period.
CAPE has a lower expense ratio. CAPE led over 3Y and the full window, WBIG over 1Y. WBIG is less concentrated, with 23.9% of the fund in its ten largest positions against 29.0%.
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 | WBIG |
|---|---|---|
| Expense Ratio | 0.65%Best | 1.59% |
| AUM | $209M | $31M |
| Dividend Yield | 1.46% | 1.17% |
| Holdings | 182 | 159 |
| YTD Return | +0.19% | +12.49%Best |
| 1Y Return | +0.83% | +11.17%Best |
| 3Y Return (annualized) | +11.60%Best | +7.85% |
| 5Y Return (annualized) | - | +1.53% |
| Volatility (annualized) | 16.7% | 12.0%Best |
| Max Drawdown | -22.1%Best | -24.9% |
| $10,000 over 4.5 years | $13,406Best | $10,287 |
| Top 10 Weight | 29.0% | 23.9%Best |
| Fund Family | DoubleLine Funds | WBI Investments |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Mar 31, 2022 | Aug 25, 2014 |
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 WBIG 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 WBIG Performance
DoubleLine Shiller CAPE US Equities ETF (CAPE) is an ETF from DoubleLine Funds and WBI BullBear Yield 3000 ETF (WBIG) is an ETF from WBI Investments. Over the past year CAPE returned +0.83% while WBIG returned +11.17%. Year to date, CAPE is up 0.19% versus a gain of 12.49% for WBIG.
Over three years, CAPE compounded at +11.60% per year against +7.85% for WBIG.
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 12.0% for WBIG. 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 -24.9% for WBIG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CAPE charges 0.65% per year while WBIG charges 1.59%. On a $10,000 position that is $65 vs $159 annually, a gap of $94 per year that compounds over a long holding period. On income, CAPE currently yields 1.46% against 1.17% for WBIG.
Holdings Overlap
5.4% of CAPE's money is in holdings WBIG also owns. 16.7% of WBIG's money is in holdings CAPE also owns.
WBIG and CAPE share little of their money.
12 positions in common, counted across the 170 positions we hold weights for in CAPE and 71 in WBIG, against full books of 182 and 159.
What only one of them owns
Our book lists 55 positions for WBIG that do not appear in our book for CAPE (75.9% of the fund), and 153 for CAPE that do not appear in WBIG (89.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CAPE | Weight in WBIG | Difference |
|---|---|---|---|
| KMBKimberly-Clark Corp. | 0.58% | 1.99% | 1.41% |
| BALLBall Corp | 0.57% | 1.87% | 1.30% |
| ROSTRoss Stores, Inc. | 0.46% | 1.96% | 1.50% |
| BBYBest Buy Co Inc | 0.10% | 2.22% | 2.12% |
| BKNGBooking Holdings, Inc. | 0.96% | 1.16% | 0.20% |
| TGTTARGET CORP | 1.17% | 0.94% | 0.23% |
| AVYAvery Dennison Corp. | 0.45% | 1.21% | 0.76% |
| DGDollar General Corp. | 0.45% | 1.18% | 0.73% |
| WSMWilliams-sonoma Inc | 0.17% | 1.23% | 1.06% |
| SJMJ M Smucker Co/The | 0.22% | 1.17% | 0.95% |
You are not choosing between two funds in isolation.
Whichever of CAPE and WBIG 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 WBIG?
CAPE has an expense ratio of 0.65% while WBIG charges 1.59%. CAPE is the cheaper option, by $94 a year on a $10,000 investment.
Which performed better, CAPE or WBIG?
Over the past year CAPE returned +0.83% vs +11.17% for WBIG, so WBIG leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CAPE or WBIG?
CAPE has been the more volatile fund at 16.7% annualized versus 12.0% for WBIG. Worst drawdown: CAPE -22.1% vs WBIG -24.9%.
Should I hold both CAPE and WBIG?
CAPE and WBIG have a monthly-return correlation of 0.73, 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 WBIG?
16.7% of WBIG's money is in holdings CAPE also owns. 16.7% of WBIG's is in holdings CAPE also owns. They hold 12 positions in common, counted across the 170 positions we hold weights for in CAPE and 71 in WBIG.
Which pays a higher dividend, CAPE or WBIG?
CAPE yields 1.46% while WBIG yields 1.17%, so CAPE currently pays the higher dividend yield.
Is WBIG better than CAPE?
CAPE has a lower expense ratio. CAPE led over 3Y and the full window, WBIG over 1Y. WBIG is less concentrated, with 23.9% of the fund in its ten largest positions against 29.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.