ADME vs. PUTW

Last updated Aug 2, 2026

ADME (Aptus Drawdown Managed Equity ETF) and PUTW (WisdomTree PutWrite Strategy Fund) are both exchange-traded funds - ADME is a Equity Hedged 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. Their 0.64 correlation means they have sometimes moved together and sometimes differently. 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 PutWrite Strategy Fund (PUTW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ADME

• 1D: 0.63%
• 1M: -0.36%
• 6M: 6.23%
• YTD: 7.79%
• 1Y: 14.94%
• 3Y*: 14.51%
• 5Y*: 6.93%
• 10Y*: 8.52%
• ALL TIME*: 8.74%

PUTW

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ADME Aptus Drawdown Managed Equity ETF	$772.09K	$556.48K	$715.52K

ADME vs. PUTW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ADME Aptus Drawdown Managed Equity ETF	7.79%	10.28%	22.11%	15.42%	-21.80%	20.24%	18.21%	9.31%	-6.05%	17.58%
PUTW WisdomTree PutWrite Strategy Fund	0.00%	-2.80%	17.19%	14.01%	-11.11%	20.92%	1.67%	13.55%	-8.07%	9.88%

Correlation

The correlation between ADME and PUTW is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (3Y) Balances recent behavior with more history.	0.63
Correlation (5Y) Shows whether the relationship held over a longer period.	0.68
Correlation (10Y) Provides a long-term view across more market conditions.	0.64
Correlation (All Time) Calculated using the full available price history since Jun 9, 2016	0.64

The correlation between ADME and PUTW has been stable across timeframes, ranging from 0.63 to 0.68 - a consistent structural relationship.

Return for Risk

ADME vs. PUTW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ADME

ADME Risk / Return Rank: 51
ADME Sharpe Ratio Rank: 50
ADME Sortino Ratio Rank: 49
ADME Omega Ratio Rank: 47
ADME Calmar Ratio Rank: 50
ADME Martin Ratio Rank: 57

PUTW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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 PutWrite Strategy 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	1.21	—	—
Sortino ratio: Return per unit of downside risk	1.74	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.79	—	—
Martin ratio: Return relative to average drawdown	6.77	—	—

Drawdowns

Drawdown Indicators

	ADME	PUTW	Difference
Max Drawdown Largest peak-to-trough decline	-27.49%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.49%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.67%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.43%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-27.49%	—	—
Current Drawdown Current decline from peak	-2.55%	—	—
Average Drawdown Average peak-to-trough decline	-7.83%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	—	—

Volatility

Volatility by Period

	ADME	PUTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.24%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.87%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.07%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.03%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.45%	—	—

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 0.36%, while PUTW has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ADME Aptus Drawdown Managed Equity ETF	0.36%	0.38%	0.47%	0.78%	0.73%	0.26%	0.41%	0.70%	0.86%	0.32%	0.69%
PUTW WisdomTree PutWrite Strategy Fund	0.00%	4.16%	11.99%	7.63%	2.16%	0.00%	1.43%	1.47%	5.49%	3.33%	2.27%

Frequently Asked Questions

Can I hold both ADME and PUTW in my portfolio?

ADME and PUTW have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ADME or PUTW?

On fees, PUTW is cheaper at 0.44% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ADME or PUTW?

PUTW is cheaper with a 0.44% expense ratio, compared with 0.79% for ADME.

Which ETF pays a higher dividend yield, ADME or PUTW?

ADME has the higher dividend yield at 0.36%, compared with 0.00% for PUTW.

What is the main difference between ADME and PUTW?

ADME is categorized as Equity Hedged, while PUTW is Derivative Income. ADME tracks Aptus Behavioral Momentum Index, while PUTW tracks Volos U.S. Large Cap Target 2.5% PutWrite Index. They also come from different issuers: Aptus and WisdomTree. Their fees differ too: 0.79% for ADME and 0.44% for PUTW.