ETF Evaluator:
WBI Power Factor® High Dividend ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Mid-Cap Value Over the Last Year
| 45.0% | VictoryShares Free Cash Flow ETF (VFLO) |
| 39.1% | Bushido Capital US SMID Cap Equity ETF (RNIN) |
| 38.8% | Bushido Capital US Equity ETF (SMRI) |
| 37.8% | ProShares Equities for Rising Rates ETF (EQRR) |
| 37.4% | Vanguard US Multifactor ETF (VFMF) |
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ETF Details
WBI Power Factor® High Dividend ETF Overview
WBI Power Factor® High Dividend ETF (WBIY) is a passively managed U.S. Equity Mid-Cap Value exchange-traded fund (ETF). WBI Investments launched the ETF in 2016.
The investment seeks to provide investment results that correspond to the price and yield of its underlying index, the Solactive Power Factor ® High Dividend Index.
Under normal circumstances the fund will invest at least 80% of its total assets in the securities of the underlying index. The underlying index is designed to select securities from the Solactive US Broad Market Index that exhibit certain yield and fundamental value characteristics. The parent index includes large, mid- and small-cap securities listed in the U.S., including approximately the 3,000 largest U.S. companies that are selected and weighted according to free float market capitalization.
About WBI Power Factor® High Dividend ETF (WBIY)
There are 2 members of the management team with an average tenure of 5.80 years: Donald Schreiber (2016) and Matthew Schreiber (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Solactive Power FactorTM H Divid TR USD index with a weighting of 100%. WBI Power Factor® High Dividend ETF has 52 securities in its portfolio. The top 10 holdings constitute 46.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
WBI Power Factor® High Dividend ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. WBI Power Factor® High Dividend ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.4% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). WBI Power Factor® High Dividend ETF has 1.3% of the portfolio in cash.
Assets Under Management
The fund has $62 million in total assets, which is below the $2 billion average for the Mid-Cap Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
WBIY Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The WBI Power Factor® High Dividend ETF expense ratio is high compared to funds in the Mid-Cap Value category. WBI Power Factor® High Dividend ETF has an expense ratio of 0.97%, which is 107% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. WBI Power Factor® High Dividend ETF has a portfolio turnover rate of 141%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 72% for the Mid-Cap Value category.
Recently, in the month of July 2026, WBI Power Factor® High Dividend ETF returned 5.3%, which earned it a grade of B, as the Mid-Cap Value category had an average return of 3.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
WBI Power Factor® High Dividend ETF has a trailing yield of 4.06%, which is above the 2.05% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
WBI Power Factor® High Dividend ETF Grades
Year to date, the ETF has returned 17.4%, 1.9 percentage points better than the category, which translates into a grade of B. The fund has returned 28.3% over the past year (grade of B), 14.8% over the past three years (grade of C) and 11.3% per year over the past five years (grade of B).
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WBIY Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| WBIY Return (NAV) | 5.3% | 7.3% | 28.3% | 14.8% | 11.3% | na |
| WBIY Return (Price) | 5.2% | 7.4% | 28.6% | 14.8% | 11.4% | na |
| NAV +/- Price Return | 0.057% | -0.093% | -0.290% | 0.018% | -0.009% | na |
| Mid-Cap Value Avg | 3.5% | 6.1% | 23.5% | 13.9% | 10.2% | 10.8% |
| WBIY Grade (NAV) | B | B | B | C | B | na |
| +/- Category (NAV) | 1.8% | 1.2% | 4.8% | 0.9% | 1.2% | na |
| WBIY Tax-Cost Ratio | na | na | 1.8% | 1.9% | 1.8% | na |
WBIY Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| WBIY Return (NAV) | 17.4% | 12.8% | 8.4% | 13.9% | -0.5% | 28.3% | -8.8% | 24.6% | -11.3% | 14.1% | na |
| WBIY Return (Price) | 17.4% | 13.0% | 8.3% | 13.8% | -0.5% | 28.3% | -8.6% | 24.9% | -12.0% | 14.6% | na |
| NAV +/- Price Ret | 0.003% | 0.017% | -0.009% | -0.009% | 0.090% | 0.000% | -0.026% | 1.0% | 6.3% | 3.3% | na |
| Mid-Cap Value Avg | 15.4% | 10.4% | 12.2% | 12.9% | -5.7% | 31.6% | 0.6% | 25.6% | -10.0% | 15.5% | 20.3% |
| WBIY Grade (NAV) | B | B | F | B | A | D | F | C | C | C | na |
| +/- Category | 1.9% | 2.4% | -3.8% | 1.0% | 5.2% | -3.3% | -9.4% | -1.0% | -1.3% | -1.3% | na |
| Risk Measures | |
| Beta: | 0.69 |
| R-Squared: | 40% |
| Standard Deviation: | 14.2% |
| Category Risk Index: | 0.99 |
| Category Risk Rating: | Average |
| Total Risk Index: | 1.16 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 4.1% |
| Total Assets: | $ 62 Mil |
| Share Class Assets: | $ 62 Mil |
| Turnover: | 141.0% |
| Expense Ratio: | 0.97% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 9.6 years | |||
| Average Tenure: 5.8 years | |||
| Managers (Year): Schreiber Donald (2016), Schreiber Matthew (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 52 |
| % in Top 10 Holdings: | 46.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 98.4% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.3% |
| Cash: | 1.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | WBI Investments |
| Phone Number: | 855-924-3837 |
| Website: | www.wbishares.com |
| Inception Date: | December 19, 2016 |
Expenses and Fees
| Expense Ratio (%): | 0.97% (Rating: High) |
| Category Average Expense Ratio (%): | 0.47% |
