NBOS vs. PUTW

Last updated Jul 14, 2026

NBOS (Neuberger Berman Option Strategy ETF) and PUTW (WisdomTree Equity Premium Income Fund) are both funds - NBOS is a Options Trading fund actively managed by Neuberger Berman, while PUTW is a Derivative Income fund tracking the Volos U.S. Large Cap Target 2.5% PutWrite Index. NBOS is actively managed, while PUTW is passively managed. At a 0.50 correlation, their price movements are largely independent. NBOS charges 0.56%/yr vs 0.44%/yr for 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 Equity Premium Income Fund (PUTW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NBOS

• 1D: -0.25%
• 1M: 1.69%
• 6M: 6.78%
• YTD: 7.74%
• 1Y: 17.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PUTW

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

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

NBOS vs. PUTW - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NBOS Neuberger Berman Option Strategy ETF	7.74%	12.22%	10.59%
PUTW WisdomTree Equity Premium Income Fund	0.00%	-2.80%	14.37%

Correlation

The correlation between NBOS and PUTW is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 29, 2024	0.50

Return for Risk

NBOS vs. PUTW — Risk / Return Rank

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

NBOS

NBOS Risk / Return Rank: 87
NBOS Sharpe Ratio Rank: 85
NBOS Sortino Ratio Rank: 85
NBOS Omega Ratio Rank: 89
NBOS Calmar Ratio Rank: 84
NBOS Martin Ratio Rank: 94

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.

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.

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.

	NBOS	PUTW	Difference
Sharpe ratio: Return per unit of total volatility	2.16	—	—
Sortino ratio: Return per unit of downside risk	3.02	—	—
Omega ratio: Gain probability vs. loss probability	1.45	—	—
Calmar ratio: Return relative to maximum drawdown	3.66	—	—
Martin ratio: Return relative to average drawdown	19.71	—	—

Drawdowns

Drawdown Indicators

	NBOS	PUTW	Difference
Max Drawdown Largest peak-to-trough decline	-12.66%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-4.71%	—	—
Current Drawdown Current decline from peak	-0.25%	—	—
Average Drawdown Average peak-to-trough decline	-1.08%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	—	—

Volatility

Volatility by Period

	NBOS	PUTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.73%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.56%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.02%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.96%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.96%	—	—

NBOS vs. PUTW - Expense Ratio Comparison

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

Dividends

NBOS vs. PUTW - Dividend Comparison

NBOS's dividend yield for the trailing twelve months is around 7.98%, while PUTW has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
NBOS Neuberger Berman Option Strategy ETF	7.98%	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	0.00%	4.16%	11.99%	7.63%	2.16%	0.00%	1.43%	1.47%	5.49%	3.33%	2.27%

Frequently Asked Questions

Can I hold both NBOS and PUTW in my portfolio?

NBOS and PUTW have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.