AGGY vs. PUTW
Compare and contrast key facts about WisdomTree Yield Enhanced U.S. Aggregate Bond Fund (AGGY) and WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW).
AGGY and PUTW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AGGY is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg US Aggregate Yield Enhanced. It was launched on Jul 9, 2015. PUTW is a passively managed fund by WisdomTree that tracks the performance of the CBOE S&P 500 PutWrite Index. It was launched on Feb 24, 2016. Both AGGY and PUTW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AGGY or PUTW.
Key characteristics
| AGGY | PUTW | |
|---|---|---|
| YTD Return | -1.66% | 6.42% |
| 1Y Return | 1.22% | 16.47% |
| 3Y Return (Ann) | -3.31% | 7.83% |
| 5Y Return (Ann) | -0.06% | 7.48% |
| Sharpe Ratio | 0.20 | 1.77 |
| Daily Std Dev | 6.12% | 8.88% |
| Max Drawdown | -20.98% | -28.40% |
| Current Drawdown | -12.52% | -1.66% |
Correlation
The correlation between AGGY and PUTW is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AGGY vs. PUTW - Performance Comparison
In the year-to-date period, AGGY achieves a -1.66% return, which is significantly lower than PUTW's 6.42% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AGGY vs. PUTW - Expense Ratio Comparison
AGGY has a 0.12% expense ratio, which is lower than PUTW's 0.44% expense ratio.
Risk-Adjusted Performance
AGGY vs. PUTW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Yield Enhanced U.S. Aggregate Bond Fund (AGGY) and WisdomTree CBOE S&P 500 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.
Dividends
AGGY vs. PUTW - Dividend Comparison
AGGY's dividend yield for the trailing twelve months is around 4.11%, less than PUTW's 9.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGGY WisdomTree Yield Enhanced U.S. Aggregate Bond Fund | 4.11% | 3.78% | 2.77% | 2.10% | 2.96% | 3.02% | 3.36% | 2.78% | 3.18% | 1.27% |
PUTW WisdomTree CBOE S&P 500 PutWrite Strategy Fund | 9.95% | 8.92% | 3.27% | 0.00% | 1.43% | 1.47% | 6.46% | 3.52% | 2.27% | 0.00% |
Drawdowns
AGGY vs. PUTW - Drawdown Comparison
The maximum AGGY drawdown since its inception was -20.98%, smaller than the maximum PUTW drawdown of -28.40%. Use the drawdown chart below to compare losses from any high point for AGGY and PUTW. For additional features, visit the drawdowns tool.
Volatility
AGGY vs. PUTW - Volatility Comparison
The current volatility for WisdomTree Yield Enhanced U.S. Aggregate Bond Fund (AGGY) is 1.87%, while WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW) has a volatility of 3.99%. This indicates that AGGY experiences smaller price fluctuations and is considered to be less risky than PUTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.