PortfoliosLab logo
PortfoliosLab logo
Tools
Portfolios
Screeners
Discussions
NBOS vs. PUTW
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between NBOS and PUTW is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

NBOS vs. PUTW

Last updated Jun 1, 2025

Compare and contrast key facts about Neuberger Berman Option Strategy ETF (NBOS) and WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW).

NBOS and PUTW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NBOS is an actively managed fund by Neuberger Berman. It was launched on Sep 16, 2016. 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.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NBOS or PUTW.

Performance

NBOS vs. PUTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Option Strategy ETF (NBOS) and WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW). The values are adjusted to include any dividend payments, if applicable.

Loading data...

Key characteristics

Sharpe Ratio

NBOS:

0.58

PUTW:

0.36

Sortino Ratio

NBOS:

0.78

PUTW:

0.55

Omega Ratio

NBOS:

1.13

PUTW:

1.09

Calmar Ratio

NBOS:

0.53

PUTW:

0.36

Martin Ratio

NBOS:

2.18

PUTW:

1.26

Ulcer Index

NBOS:

3.09%

PUTW:

3.96%

Daily Std Dev

NBOS:

12.81%

PUTW:

14.24%

Max Drawdown

NBOS:

-12.66%

PUTW:

-28.40%

Current Drawdown

NBOS:

-3.54%

PUTW:

-6.09%

Returns By Period

In the year-to-date period, NBOS achieves a -0.19% return, which is significantly higher than PUTW's -2.33% return.

NBOS

YTD

-0.19%

1M

2.10%

6M

-0.90%

1Y

6.70%

3Y*

N/A

5Y*

N/A

10Y*

N/A

PUTW

YTD

-2.33%

1M

1.46%

6M

-4.21%

1Y

5.00%

3Y*

7.40%

5Y*

11.06%

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Neuberger Berman Option Strategy ETF

WisdomTree CBOE S&P 500 PutWrite Strategy Fund

NBOS vs. PUTW - Expense Ratio Comparison

NBOS has a 0.56% expense ratio, which is higher than PUTW's 0.44% expense ratio.

NBOS
Neuberger Berman Option Strategy ETF
PUTW
WisdomTree CBOE S&P 500 PutWrite Strategy Fund
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

NBOS vs. PUTW — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NBOS
The Risk-Adjusted Performance Rank of NBOS is 5151
Overall Rank
The Sharpe Ratio Rank of NBOS is 5050
Sharpe Ratio Rank
The Sortino Ratio Rank of NBOS is 4343
Sortino Ratio Rank
The Omega Ratio Rank of NBOS is 5454
Omega Ratio Rank
The Calmar Ratio Rank of NBOS is 5555
Calmar Ratio Rank
The Martin Ratio Rank of NBOS is 5656
Martin Ratio Rank
PUTW
The Risk-Adjusted Performance Rank of PUTW is 3535
Overall Rank
The Sharpe Ratio Rank of PUTW is 3333
Sharpe Ratio Rank
The Sortino Ratio Rank of PUTW is 3030
Sortino Ratio Rank
The Omega Ratio Rank of PUTW is 3636
Omega Ratio Rank
The Calmar Ratio Rank of PUTW is 3939
Calmar Ratio Rank
The Martin Ratio Rank of PUTW is 3838
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

NBOS vs. PUTW - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Option Strategy ETF (NBOS) 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.

The current NBOS Sharpe Ratio is 0.58, which is higher than the PUTW Sharpe Ratio of 0.36. The chart below compares the historical Sharpe Ratios of NBOS and PUTW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading data...

Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

NBOS vs. PUTW - Dividend Comparison

NBOS's dividend yield for the trailing twelve months is around 9.08%, less than PUTW's 12.55% yield.

TTM202420232022202120202019201820172016
NBOS
Neuberger Berman Option Strategy ETF		9.08%7.32%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PUTW
WisdomTree CBOE S&P 500 PutWrite Strategy Fund		12.55%11.99%8.94%3.27%0.00%1.43%1.47%6.46%3.52%2.27%

Drawdowns

NBOS vs. PUTW - Drawdown Comparison

The maximum NBOS drawdown since its inception was -12.66%, smaller than the maximum PUTW drawdown of -28.40%. Use the drawdown chart below to compare losses from any high point for NBOS and PUTW.

Loading data...

Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

NBOS vs. PUTW - Volatility Comparison

The current volatility for Neuberger Berman Option Strategy ETF (NBOS) is 1.89%, while WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW) has a volatility of 2.00%. This indicates that NBOS 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.

Loading data...