PGZ vs. WTPI

Last updated Jun 25, 2026

PGZ (Principal Real Estate Income Fund) is a stock, while WTPI (WisdomTree Equity Premium Income Fund) is Derivative Income fund tracking the Volos U.S. Large Cap Target 2.5% PutWrite Index. Over the past 10 years, PGZ returned 4.22%/yr vs 8.20%/yr for WTPI. At a 0.33 correlation, their price movements are largely independent.

Performance

PGZ vs. WTPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal Real Estate Income Fund (PGZ) and WisdomTree Equity Premium Income Fund (WTPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PGZ achieves a 6.72% return, which is significantly higher than WTPI's 3.13% return. Over the past 10 years, PGZ has underperformed WTPI with an annualized return of 4.22%, while WTPI has yielded a comparatively higher 8.20% annualized return.

PGZ

• 1D: 0.10%
• 1M: 3.94%
• YTD: 6.72%
• 6M: 7.26%
• 1Y: 7.81%
• 3Y*: 16.65%
• 5Y*: 3.22%
• 10Y*: 4.22%

WTPI

• 1D: -0.03%
• 1M: -0.73%
• YTD: 3.13%
• 6M: 1.79%
• 1Y: 15.68%
• 3Y*: 12.74%
• 5Y*: 9.30%
• 10Y*: 8.20%

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

PGZ vs. WTPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PGZ Principal Real Estate Income Fund	6.72%	14.50%	17.99%	4.05%	-27.98%	38.70%	-36.50%	36.77%	3.92%	18.23%
WTPI WisdomTree Equity Premium Income Fund	3.13%	14.45%	17.18%	15.53%	-10.11%	20.94%	1.65%	13.55%	-7.16%	10.09%

Correlation

The correlation between PGZ and WTPI is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016	0.33

The correlation between PGZ and WTPI shifts across timeframes, from 0.22 (1 year) to 0.38 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

PGZ vs. WTPI — Risk / Return Rank

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

PGZ

PGZ Risk / Return Rank: 63
PGZ Sharpe Ratio Rank: 67
PGZ Sortino Ratio Rank: 60
PGZ Omega Ratio Rank: 60
PGZ Calmar Ratio Rank: 61
PGZ Martin Ratio Rank: 68

WTPI

WTPI Risk / Return Rank: 57
WTPI Sharpe Ratio Rank: 56
WTPI Sortino Ratio Rank: 55
WTPI Omega Ratio Rank: 62
WTPI Calmar Ratio Rank: 50
WTPI Martin Ratio Rank: 64

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.

PGZ vs. WTPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Real Estate Income Fund (PGZ) 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.

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.

	PGZ	WTPI	Difference
Sharpe ratio: Return per unit of total volatility	0.75	1.69	-0.95
Sortino ratio: Return per unit of downside risk	1.13	2.38	-1.24
Omega ratio: Gain probability vs. loss probability	1.15	1.34	-0.18
Calmar ratio: Return relative to maximum drawdown	0.80	2.20	-1.40
Martin ratio: Return relative to average drawdown	2.97	10.36	-7.39

PGZ vs. WTPI - Sharpe Ratio Comparison

The current PGZ Sharpe Ratio is 0.75, which is lower than the WTPI Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of PGZ and WTPI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PGZ vs. WTPI - Drawdown Comparison

The maximum PGZ drawdown since its inception was -53.58%, which is greater than WTPI's maximum drawdown of -28.40%. Use the drawdown chart below to compare losses from any high point for PGZ and WTPI.

Drawdown Indicators

	PGZ	WTPI	Difference
Max Drawdown Largest peak-to-trough decline	-53.58%	-28.40%	-25.18%
Max Drawdown (1Y) Largest decline over 1 year	-9.82%	-7.15%	-2.67%
Max Drawdown (3Y) Largest decline over 3 years	-10.56%	-15.26%	+4.70%
Max Drawdown (5Y) Largest decline over 5 years	-35.34%	-16.56%	-18.78%
Max Drawdown (10Y) Largest decline over 10 years	-53.58%	-28.40%	-25.18%
Current Drawdown Current decline from peak	-9.08%	-1.56%	-7.52%
Average Drawdown Average peak-to-trough decline	-16.10%	-3.43%	-12.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.64%	1.52%	+1.12%

Volatility

PGZ vs. WTPI - Volatility Comparison

Principal Real Estate Income Fund (PGZ) and WisdomTree Equity Premium Income Fund (WTPI) have volatilities of 3.26% and 3.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PGZ	WTPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.26%	3.40%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	9.09%	7.57%	+1.52%
Volatility (1Y) Calculated over the trailing 1-year period	10.51%	9.31%	+1.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.85%	12.22%	+2.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.81%	13.25%	+8.56%

Dividends

PGZ vs. WTPI - Dividend Comparison

PGZ's dividend yield for the trailing twelve months is around 12.55%, more than WTPI's 12.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PGZ Principal Real Estate Income Fund	12.55%	12.59%	12.75%	13.33%	11.86%	6.32%	10.34%	6.25%	7.98%	9.51%	10.90%	10.40%
WTPI WisdomTree Equity Premium Income Fund	12.19%	13.18%	11.99%	8.94%	3.27%	0.00%	1.43%	1.47%	6.46%	3.52%	2.27%	0.00%

Frequently Asked Questions

Can I hold both PGZ and WTPI in my portfolio?

PGZ and WTPI have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PGZ or WTPI?

WTPI has higher volatility (3.40%) compared to PGZ (3.26%). In terms of maximum drawdown, PGZ dropped -53.58% vs WTPI's -28.40%.

Which has better risk-adjusted returns?

WTPI currently has the higher Sharpe Ratio (1.69 vs 0.75), 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.