ADME vs. PUTW

Last updated Jun 24, 2026

ADME (Aptus Drawdown Managed Equity ETF) and PUTW (WisdomTree Equity Premium Income Fund) are both funds - ADME is a Hedge Fund fund tracking the Aptus Behavioral Momentum Index, while PUTW is a Derivative Income fund tracking the Volos U.S. Large Cap Target 2.5% PutWrite Index. Both are passively managed. Over the past 10 years, ADME returned 8.73%/yr vs 8.20%/yr for PUTW. A 0.70 correlation means they provide meaningful diversification when combined. ADME charges 0.79%/yr vs 0.44%/yr for PUTW.

Performance

ADME vs. PUTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus Drawdown Managed Equity ETF (ADME) and WisdomTree Equity Premium Income Fund (PUTW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADME achieves a 7.37% return, which is significantly higher than PUTW's 3.16% return. Over the past 10 years, ADME has outperformed PUTW with an annualized return of 8.73%, while PUTW has yielded a comparatively lower 8.20% annualized return.

ADME

• 1D: -1.15%
• 1M: -1.31%
• YTD: 7.37%
• 6M: 6.36%
• 1Y: 17.42%
• 3Y*: 16.12%
• 5Y*: 7.44%
• 10Y*: 8.73%

PUTW

• 1D: -1.14%
• 1M: -0.70%
• YTD: 3.16%
• 6M: 2.00%
• 1Y: 16.19%
• 3Y*: 12.75%
• 5Y*: 9.33%
• 10Y*: 8.20%

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

ADME vs. PUTW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ADME Aptus Drawdown Managed Equity ETF	7.37%	10.28%	22.11%	15.42%	-21.80%	20.24%	18.21%	9.31%	-6.05%	17.58%
PUTW WisdomTree Equity Premium Income Fund	3.16%	14.45%	17.18%	15.53%	-10.11%	20.94%	1.65%	13.55%	-7.16%	10.09%

Correlation

The correlation between ADME and PUTW is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Jun 9, 2016	0.70

The correlation between ADME and PUTW shifts across timeframes, from 0.70 (all time) to 0.85 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

ADME vs. PUTW — Risk / Return Rank

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

ADME

ADME Risk / Return Rank: 51
ADME Sharpe Ratio Rank: 50
ADME Sortino Ratio Rank: 50
ADME Omega Ratio Rank: 48
ADME Calmar Ratio Rank: 50
ADME Martin Ratio Rank: 57

PUTW

PUTW Risk / Return Rank: 45
PUTW Sharpe Ratio Rank: 42
PUTW Sortino Ratio Rank: 40
PUTW Omega Ratio Rank: 47
PUTW Calmar Ratio Rank: 39
PUTW Martin Ratio Rank: 56

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.

ADME vs. PUTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus Drawdown Managed Equity ETF (ADME) and WisdomTree Equity Premium Income Fund (PUTW). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ADME	PUTW	Difference
Sharpe ratio: Return per unit of total volatility	1.64	1.75	-0.11
Sortino ratio: Return per unit of downside risk	2.30	2.44	-0.14
Omega ratio: Gain probability vs. loss probability	1.29	1.35	-0.05
Calmar ratio: Return relative to maximum drawdown	2.34	2.27	+0.06
Martin ratio: Return relative to average drawdown	9.68	10.71	-1.03

ADME vs. PUTW - Sharpe Ratio Comparison

The current ADME Sharpe Ratio is 1.64, which is comparable to the PUTW Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of ADME and PUTW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ADME vs. PUTW - Drawdown Comparison

The maximum ADME drawdown since its inception was -27.49%, roughly equal to the maximum PUTW drawdown of -28.40%. Use the drawdown chart below to compare losses from any high point for ADME and PUTW.

Drawdown Indicators

	ADME	PUTW	Difference
Max Drawdown Largest peak-to-trough decline	-27.49%	-28.40%	+0.91%
Max Drawdown (1Y) Largest decline over 1 year	-7.49%	-7.15%	-0.34%
Max Drawdown (3Y) Largest decline over 3 years	-15.67%	-15.26%	-0.41%
Max Drawdown (5Y) Largest decline over 5 years	-23.43%	-16.56%	-6.87%
Max Drawdown (10Y) Largest decline over 10 years	-27.49%	-28.40%	+0.91%
Current Drawdown Current decline from peak	-2.93%	-1.53%	-1.40%
Average Drawdown Average peak-to-trough decline	-7.89%	-3.43%	-4.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	1.51%	+0.29%

Volatility

ADME vs. PUTW - Volatility Comparison

Aptus Drawdown Managed Equity ETF (ADME) has a higher volatility of 4.57% compared to WisdomTree Equity Premium Income Fund (PUTW) at 3.40%. This indicates that ADME's price experiences larger fluctuations and is considered to be riskier than PUTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADME	PUTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.57%	3.40%	+1.17%
Volatility (6M) Calculated over the trailing 6-month period	8.63%	7.61%	+1.02%
Volatility (1Y) Calculated over the trailing 1-year period	10.73%	9.33%	+1.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.00%	12.22%	+0.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.45%	13.26%	+1.19%

ADME vs. PUTW - Expense Ratio Comparison

ADME has a 0.79% expense ratio, which is higher than PUTW's 0.44% expense ratio.

Dividends

ADME vs. PUTW - Dividend Comparison

ADME's dividend yield for the trailing twelve months is around 0.38%, less than PUTW's 12.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ADME Aptus Drawdown Managed Equity ETF	0.38%	0.38%	0.47%	0.78%	0.73%	0.26%	0.41%	0.70%	0.86%	0.32%	0.69%
PUTW WisdomTree Equity Premium Income Fund	12.19%	13.18%	11.99%	8.94%	3.27%	0.00%	1.43%	1.47%	6.46%	3.52%	2.27%

Frequently Asked Questions

Can I hold both ADME and PUTW in my portfolio?

ADME and PUTW have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ADME or PUTW?

ADME has higher volatility (4.57%) compared to PUTW (3.40%). In terms of maximum drawdown, ADME dropped -27.49% vs PUTW's -28.40%.

Which has better risk-adjusted returns?

PUTW currently has the higher Sharpe Ratio (1.75 vs 1.64), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.