NBOS vs. PUTW
Compare and contrast key facts about Neuberger Berman Option Strategy ETF (NBOS) and WisdomTree Equity Premium Income Fund (PUTW).
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 Volos U.S. Large Cap Target 2.5% PutWrite Index. It was launched on Feb 24, 2016.
Performance
NBOS vs. PUTW - Performance Comparison
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NBOS vs. PUTW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NBOS Neuberger Berman Option Strategy ETF | 0.16% | 12.22% | 10.99% |
PUTW WisdomTree Equity Premium Income Fund | -1.66% | 14.45% | 13.76% |
Returns By Period
In the year-to-date period, NBOS achieves a 0.16% return, which is significantly higher than PUTW's -1.66% return.
NBOS
- 1D
- 2.22%
- 1M
- -2.26%
- YTD
- 0.16%
- 6M
- 3.96%
- 1Y
- 13.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PUTW
- 1D
- 2.60%
- 1M
- -3.50%
- YTD
- -1.66%
- 6M
- 1.99%
- 1Y
- 15.64%
- 3Y*
- 13.04%
- 5Y*
- 9.37%
- 10Y*
- 7.80%
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NBOS vs. PUTW - Expense Ratio Comparison
NBOS has a 0.56% expense ratio, which is higher than PUTW's 0.44% expense ratio.
Return for Risk
NBOS vs. PUTW — Risk / Return Rank
NBOS
PUTW
NBOS vs. PUTW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Option Strategy ETF (NBOS) 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.
| NBOS | PUTW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 1.10 | +0.05 |
Sortino ratioReturn per unit of downside risk | 1.60 | 1.65 | -0.04 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.27 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.62 | -0.15 |
Martin ratioReturn relative to average drawdown | 8.32 | 8.70 | -0.38 |
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
| NBOS | PUTW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 1.10 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.77 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.05 | 0.61 | +0.45 |
Correlation
The correlation between NBOS and PUTW is 0.77, 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.
Dividends
NBOS vs. PUTW - Dividend Comparison
NBOS's dividend yield for the trailing twelve months is around 8.14%, less than PUTW's 12.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
NBOS Neuberger Berman Option Strategy ETF | 8.14% | 7.81% | 7.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PUTW WisdomTree Equity Premium Income Fund | 12.37% | 13.18% | 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.
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Drawdown Indicators
| NBOS | PUTW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.66% | -28.40% | +15.74% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -9.90% | +0.51% |
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 | -2.60% | -4.73% | +2.13% |
Average DrawdownAverage peak-to-trough decline | -1.17% | -3.48% | +2.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 1.85% | -0.19% |
Volatility
NBOS vs. PUTW - Volatility Comparison
The current volatility for Neuberger Berman Option Strategy ETF (NBOS) is 4.12%, while WisdomTree Equity Premium Income Fund (PUTW) has a volatility of 4.77%. 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.
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Volatility by Period
| NBOS | PUTW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.12% | 4.77% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 6.66% | 7.82% | -1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.77% | 14.33% | -2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.24% | 12.21% | -1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.24% | 13.23% | -2.99% |