Those are nice statistics, but they are also superficial. What advisors and investors should care about is WBII’s ability to deliver, something the ETF has done with aplomb. Through May 29, WBII “produced a total Year-to-Date net return of 2.55%, outpacing the U.S. bond market’s return of 1.00%, based on the total return of the Barclays U.S. Aggregate Index,” according to issuer data.
The ETF’s top 10 holdings include stakes in a few Guggenheim BulletShares ETFs, an iShares bond fund and U.S. Treasurys.
“The Fund is active in an effort to reduce risk to protect capital and tactical in an attempt to find the best global investment opportunities. WBII typically invests in income-producing debt and equity securities of foreign and domestic companies. The Fund was negatively correlated with the index over the period: with Beta of -0.08 and correlation of -0.04, WBII provided a true diversification benefit in addition to its excess return. The Fund generated positive returns 56% of all trading days during the five months ended 5/29/15, with 60 positive trading days and only 47 negative days. This results in a healthy 1.3 to 1 win/loss ratio,” according to WBI.
Chart Courtesy: WBI Investments