PRFD vs. PUTW

Last updated Jun 4, 2026

PRFD (PIMCO Preferred And Capital Securities Active Exchange-Traded Fund) and PUTW (WisdomTree Equity Premium Income Fund) are both funds - PRFD is a Preferred Stock/Convertible Bonds fund actively managed by PIMCO, while PUTW is a Derivative Income fund tracking the Volos U.S. Large Cap Target 2.5% PutWrite Index. PRFD is actively managed, while PUTW is passively managed. Over the past 3 years, PRFD returned 9.23%/yr vs 13.62%/yr for PUTW. At a 0.31 correlation, their price movements are largely independent. PRFD charges 0.74%/yr vs 0.44%/yr for PUTW.

Performance

PRFD vs. PUTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Preferred And Capital Securities Active Exchange-Traded Fund (PRFD) and WisdomTree Equity Premium Income Fund (PUTW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRFD achieves a 1.40% return, which is significantly lower than PUTW's 4.26% return.

PRFD

• 1D: -0.20%
• 1M: 0.36%
• YTD: 1.40%
• 6M: 1.56%
• 1Y: 8.04%
• 3Y*: 9.23%
• 5Y*: —
• 10Y*: —

PUTW

• 1D: -0.18%
• 1M: 1.94%
• YTD: 4.26%
• 6M: 4.65%
• 1Y: 18.84%
• 3Y*: 13.62%
• 5Y*: 9.92%
• 10Y*: 8.30%

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

PRFD vs. PUTW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PRFD PIMCO Preferred And Capital Securities Active Exchange-Traded Fund	1.40%	8.45%	9.92%	1.83%
PUTW WisdomTree Equity Premium Income Fund	4.26%	14.45%	17.18%	13.39%

Correlation

The correlation between PRFD and PUTW is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (All Time) Calculated using the full available price history since Jan 20, 2023	0.31

PRFD vs. PUTW - Sectors Allocation Comparison

Sectors	PRFD	PUTW
Financial Services	2.0%	-0.0%
Communication Services	0.3%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

PRFD vs. PUTW — Risk / Return Rank

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

PRFD

PRFD Risk / Return Rank: 69
PRFD Sharpe Ratio Rank: 77
PRFD Sortino Ratio Rank: 78
PRFD Omega Ratio Rank: 84
PRFD Calmar Ratio Rank: 50
PRFD Martin Ratio Rank: 58

PUTW

PUTW Risk / Return Rank: 55
PUTW Sharpe Ratio Rank: 52
PUTW Sortino Ratio Rank: 50
PUTW Omega Ratio Rank: 60
PUTW Calmar Ratio Rank: 48
PUTW Martin Ratio Rank: 65

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.

PRFD vs. PUTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Preferred And Capital Securities Active Exchange-Traded Fund (PRFD) 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.

	PRFD	PUTW	Difference
Sharpe ratio: Return per unit of total volatility	2.51	2.14	+0.38
Sortino ratio: Return per unit of downside risk	3.51	2.98	+0.52
Omega ratio: Gain probability vs. loss probability	1.51	1.43	+0.08
Calmar ratio: Return relative to maximum drawdown	2.46	2.65	-0.19
Martin ratio: Return relative to average drawdown	10.14	12.69	-2.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRFD vs. PUTW - Sharpe Ratio Comparison

The current PRFD Sharpe Ratio is 2.51, which is comparable to the PUTW Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of PRFD and PUTW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PRFD	PUTW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.51	2.14	+0.38
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	1.31	0.65	+0.66

Drawdowns

PRFD vs. PUTW - Drawdown Comparison

The maximum PRFD drawdown since its inception was -11.93%, smaller than the maximum PUTW drawdown of -28.40%. Use the drawdown chart below to compare losses from any high point for PRFD and PUTW.

Drawdown Indicators

	PRFD	PUTW	Difference
Max Drawdown Largest peak-to-trough decline	-11.93%	-28.40%	+16.47%
Max Drawdown (1Y) Largest decline over 1 year	-3.28%	-7.15%	+3.87%
Max Drawdown (3Y) Largest decline over 3 years	-6.28%	-15.26%	+8.98%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.56%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-28.40%	—
Current Drawdown Current decline from peak	-0.61%	-0.27%	-0.34%
Average Drawdown Average peak-to-trough decline	-2.23%	-3.44%	+1.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.79%	1.49%	-0.70%

Volatility

PRFD vs. PUTW - Volatility Comparison

PIMCO Preferred And Capital Securities Active Exchange-Traded Fund (PRFD) has a higher volatility of 1.19% compared to WisdomTree Equity Premium Income Fund (PUTW) at 0.90%. This indicates that PRFD's price experiences larger fluctuations and is considered to be riskier than PUTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRFD	PUTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.19%	0.90%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	2.68%	7.00%	-4.32%
Volatility (1Y) Calculated over the trailing 1-year period	3.21%	8.86%	-5.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.88%	12.13%	-7.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.88%	13.22%	-8.34%

PRFD vs. PUTW - Expense Ratio Comparison

PRFD has a 0.74% expense ratio, which is higher than PUTW's 0.44% expense ratio.

Dividends

PRFD vs. PUTW - Dividend Comparison

PRFD's dividend yield for the trailing twelve months is around 5.77%, less than PUTW's 12.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
PRFD PIMCO Preferred And Capital Securities Active Exchange-Traded Fund	5.77%	5.63%	5.53%	5.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PUTW 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

Can I hold both PRFD and PUTW in my portfolio?

PRFD and PUTW have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRFD or PUTW?

PRFD has higher volatility (1.19%) compared to PUTW (0.90%). In terms of maximum drawdown, PRFD dropped -11.93% vs PUTW's -28.40%.

Which has better risk-adjusted returns?

PRFD currently has the higher Sharpe Ratio (2.51 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.