NBOS vs. WTPI
NBOS (Neuberger Berman Option Strategy ETF) and WTPI (WisdomTree Equity Premium Income Fund) are both exchange-traded funds - NBOS is a Options Trading fund actively managed by Neuberger Berman, while WTPI is a Derivative Income fund tracking the Volos U.S. Large Cap Target 2.5% PutWrite Index. NBOS is actively managed, while WTPI is passively managed. Over the past year, NBOS returned 19.19% vs 18.84% for WTPI. A 0.75 correlation means they provide meaningful diversification when combined. NBOS charges 0.56%/yr vs 0.44%/yr for WTPI.
Performance
NBOS vs. WTPI - Performance Comparison
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Returns By Period
In the year-to-date period, NBOS achieves a 6.51% return, which is significantly higher than WTPI's 4.26% return.
NBOS
- 1D
- -0.16%
- 1M
- 2.06%
- YTD
- 6.51%
- 6M
- 7.94%
- 1Y
- 19.19%
- 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%
NBOS vs. WTPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NBOS Neuberger Berman Option Strategy ETF | 6.51% | 12.22% | 10.99% |
WTPI WisdomTree Equity Premium Income Fund | 4.26% | 14.45% | 13.76% |
Correlation
The correlation between NBOS and WTPI is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2024 | 0.75 |
The correlation between NBOS and WTPI has been stable across timeframes, ranging from 0.71 to 0.75 - a consistent structural relationship.
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Return for Risk
NBOS vs. WTPI — Risk / Return Rank
NBOS
WTPI
NBOS vs. WTPI - 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 (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.
| NBOS | WTPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.43 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.09 | 2.65 | +1.44 |
| Martin ratioReturn relative to average drawdown | 23.25 | 12.69 | +10.56 |
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 | WTPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.58 | 2.14 | +0.44 |
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 | 1.29 | 0.65 | +0.65 |
Drawdowns
NBOS vs. WTPI - Drawdown Comparison
The maximum NBOS drawdown since its inception was -12.66%, smaller than the maximum WTPI drawdown of -28.40%. Use the drawdown chart below to compare losses from any high point for NBOS and WTPI.
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Drawdown Indicators
| NBOS | WTPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.66% | -28.40% | +15.74% |
Max Drawdown (1Y)Largest decline over 1 year | -4.71% | -7.15% | +2.44% |
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 | -0.17% | -0.27% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -1.10% | -3.44% | +2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 1.49% | -0.66% |
Volatility
NBOS vs. WTPI - Volatility Comparison
The current volatility for Neuberger Berman Option Strategy ETF (NBOS) is 0.84%, while WisdomTree Equity Premium Income Fund (WTPI) has a volatility of 0.90%. This indicates that NBOS experiences smaller price fluctuations and is considered to be less risky 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
| NBOS | WTPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 0.90% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 5.90% | 7.00% | -1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.47% | 8.86% | -1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.96% | 12.13% | -2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.96% | 13.22% | -3.26% |
NBOS vs. WTPI - Expense Ratio Comparison
NBOS has a 0.56% expense ratio, which is higher than WTPI's 0.44% expense ratio.
Dividends
NBOS vs. WTPI - Dividend Comparison
NBOS's dividend yield for the trailing twelve months is around 7.93%, less than WTPI's 12.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
NBOS Neuberger Berman Option Strategy ETF | 7.93% | 7.81% | 7.32% | 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
NBOS and WTPI have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTPI has higher volatility (0.90%) compared to NBOS (0.84%). In terms of maximum drawdown, NBOS dropped -12.66% vs WTPI's -28.40%.
On 1-year performance, NBOS leads with 19.19% vs 18.84% for WTPI. On fees, WTPI is cheaper at 0.44% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NBOS has performed better with a 19.19% return vs 18.84%. 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 0.56% for NBOS.
WTPI has the higher dividend yield at 12.06%, compared with 7.93% for NBOS.
NBOS is categorized as Options Trading, while WTPI is Derivative Income. They also come from different issuers: Neuberger Berman and WisdomTree. Their fees differ too: 0.56% for NBOS and 0.44% for WTPI.
NBOS currently has the higher Sharpe Ratio (2.58 vs 2.14), 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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