BOE vs. PUTW

Last updated Jul 17, 2026

BOE (BlackRock Enhanced Global Dividend Trust) and PUTW (WisdomTree Equity Premium Income Fund) are both Derivative Income funds. BOE is actively managed, while PUTW is passively managed. A 0.57 correlation means they provide meaningful diversification when combined. BOE charges 1.11%/yr vs 0.44%/yr for PUTW.

Performance

BOE vs. PUTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Enhanced Global Dividend Trust (BOE) and WisdomTree Equity Premium Income Fund (PUTW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BOE

• 1D: -0.08%
• 1M: 2.45%
• 6M: 6.78%
• YTD: 9.06%
• 1Y: 16.93%
• 3Y*: 15.23%
• 5Y*: 7.54%
• 10Y*: 9.19%

PUTW

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

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

BOE vs. PUTW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BOE BlackRock Enhanced Global Dividend Trust	9.06%	18.77%	16.76%	12.00%	-15.49%	18.94%	7.39%	26.08%	-19.23%	29.71%
PUTW WisdomTree Equity Premium Income 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 BOE and PUTW is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (10Y) Calculated over the trailing 10-year period	0.57
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016	0.57

The correlation between BOE and PUTW shifts across timeframes, from 0.47 (3 years) to 0.57 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

BOE vs. PUTW — Risk / Return Rank

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

BOE

BOE Risk / Return Rank: 35
BOE Sharpe Ratio Rank: 38
BOE Sortino Ratio Rank: 37
BOE Omega Ratio Rank: 39
BOE Calmar Ratio Rank: 25
BOE Martin Ratio Rank: 35

PUTW

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

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.

BOE vs. PUTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Enhanced Global Dividend Trust (BOE) 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.

	BOE	PUTW	Difference
Sharpe ratio: Return per unit of total volatility	1.41	—	—
Sortino ratio: Return per unit of downside risk	2.01	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	1.48	—	—
Martin ratio: Return relative to average drawdown	6.36	—	—

Drawdowns

Drawdown Indicators

	BOE	PUTW	Difference
Max Drawdown Largest peak-to-trough decline	-59.39%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-11.51%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.53%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.13%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.55%	—	—
Current Drawdown Current decline from peak	-0.30%	—	—
Average Drawdown Average peak-to-trough decline	-9.31%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	—	—

Volatility

Volatility by Period

	BOE	PUTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.62%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.91%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.09%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.57%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.25%	—	—

BOE vs. PUTW - Expense Ratio Comparison

BOE has a 1.11% expense ratio, which is higher than PUTW's 0.44% expense ratio.

Dividends

BOE vs. PUTW - Dividend Comparison

BOE's dividend yield for the trailing twelve months is around 8.16%, while PUTW has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BOE BlackRock Enhanced Global Dividend Trust	8.16%	8.47%	7.20%	7.62%	7.91%	6.21%	6.93%	6.88%	9.03%	18.90%	9.08%	9.12%
PUTW WisdomTree Equity Premium Income Fund	0.00%	4.16%	11.99%	7.63%	2.16%	0.00%	1.43%	1.47%	5.49%	3.33%	2.27%	0.00%

Frequently Asked Questions

Can I hold both BOE and PUTW in my portfolio?

BOE and PUTW have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.