MDST vs. WTPI
MDST (Westwood Salient Enhanced Midstream Income ETF) and WTPI (WisdomTree Equity Premium Income Fund) are both exchange-traded funds - MDST is a Energy Equities fund actively managed by Westwood, while WTPI is a Derivative Income fund tracking the Volos U.S. Large Cap Target 2.5% PutWrite Index. MDST is actively managed, while WTPI is passively managed. Over the past year, MDST returned 17.62% vs 18.84% for WTPI. At a 0.26 correlation, their price movements are largely independent. MDST charges 0.80%/yr vs 0.44%/yr for WTPI.
Performance
MDST vs. WTPI - Performance Comparison
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Returns By Period
In the year-to-date period, MDST achieves a 14.94% return, which is significantly higher than WTPI's 4.26% return.
MDST
- 1D
- 0.14%
- 1M
- -0.74%
- YTD
- 14.94%
- 6M
- 14.77%
- 1Y
- 17.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WTPI
- 1D
- -0.18%
- 1M
- 1.94%
- YTD
- 4.26%
- 6M
- 4.65%
- 1Y
- 18.84%
- 3Y*
- 13.62%
- 5Y*
- 9.92%
- 10Y*
- 8.30%
MDST vs. WTPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MDST Westwood Salient Enhanced Midstream Income ETF | 14.94% | 7.09% | 17.29% |
WTPI WisdomTree Equity Premium Income Fund | 4.26% | 14.45% | 8.75% |
Correlation
The correlation between MDST and WTPI is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2024 | 0.26 |
Over the past year, the correlation between MDST and WTPI has dropped to 0.01 - well below their long-term average of 0.26, suggesting their price drivers have been diverging.
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Return for Risk
MDST vs. WTPI — Risk / Return Rank
MDST
WTPI
MDST vs. WTPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Westwood Salient Enhanced Midstream Income ETF (MDST) and WisdomTree Equity Premium Income Fund (WTPI). 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.
| MDST | WTPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.43 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 2.65 | -0.02 |
| Martin ratioReturn relative to average drawdown | 7.46 | 12.69 | -5.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MDST | WTPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 2.14 | -0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.82 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.63 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | 0.65 | +0.51 |
Drawdowns
MDST vs. WTPI - Drawdown Comparison
The maximum MDST drawdown since its inception was -14.19%, smaller than the maximum WTPI drawdown of -28.40%. Use the drawdown chart below to compare losses from any high point for MDST and WTPI.
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Drawdown Indicators
| MDST | WTPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.19% | -28.40% | +14.21% |
Max Drawdown (1Y)Largest decline over 1 year | -6.74% | -7.15% | +0.41% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.26% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.56% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.40% | — |
Current DrawdownCurrent decline from peak | -3.53% | -0.27% | -3.26% |
Average DrawdownAverage peak-to-trough decline | -2.17% | -3.44% | +1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 1.49% | +0.88% |
Volatility
MDST vs. WTPI - Volatility Comparison
Westwood Salient Enhanced Midstream Income ETF (MDST) has a higher volatility of 4.87% compared to WisdomTree Equity Premium Income Fund (WTPI) at 0.90%. This indicates that MDST's price experiences larger fluctuations and is considered to be riskier than WTPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDST | WTPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.87% | 0.90% | +3.97% |
Volatility (6M)Calculated over the trailing 6-month period | 8.36% | 7.00% | +1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.12% | 8.86% | +3.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.11% | 12.13% | +3.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.11% | 13.22% | +2.89% |
MDST vs. WTPI - Expense Ratio Comparison
MDST has a 0.80% expense ratio, which is higher than WTPI's 0.44% expense ratio.
Dividends
MDST vs. WTPI - Dividend Comparison
MDST's dividend yield for the trailing twelve months is around 9.33%, less than WTPI's 12.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
MDST Westwood Salient Enhanced Midstream Income ETF | 9.33% | 10.22% | 6.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WTPI WisdomTree Equity Premium Income Fund | 12.06% | 13.18% | 11.99% | 8.94% | 3.27% | 0.00% | 1.43% | 1.47% | 6.46% | 3.52% | 2.27% |
Frequently Asked Questions
MDST and WTPI have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MDST has higher volatility (4.87%) compared to WTPI (0.90%). In terms of maximum drawdown, MDST dropped -14.19% vs WTPI's -28.40%.
On 1-year performance, WTPI leads with 18.84% vs 17.62% for MDST. On fees, WTPI is cheaper at 0.44% per year. On volatility, WTPI has been the lower-risk option at 0.90%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, WTPI has performed better with a 18.84% return vs 17.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WTPI is cheaper with a 0.44% expense ratio, compared with 0.80% for MDST.
WTPI has the higher dividend yield at 12.06%, compared with 9.33% for MDST.
MDST is categorized as Energy Equities, while WTPI is Derivative Income. They also come from different issuers: Westwood and WisdomTree. Their fees differ too: 0.80% for MDST and 0.44% for WTPI.
WTPI currently has the higher Sharpe Ratio (2.14 vs 1.47), 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.
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