PUTW vs. ^GSPC
Compare and contrast key facts about WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW) and S&P 500 (^GSPC).
PUTW is a passively managed fund by WisdomTree that tracks the performance of the CBOE S&P 500 PutWrite Index. It was launched on Feb 24, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PUTW or ^GSPC.
Correlation
The correlation between PUTW and ^GSPC is 0.79, 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.
Performance
PUTW vs. ^GSPC - Performance Comparison
Key characteristics
PUTW:
1.94
^GSPC:
2.06
PUTW:
2.54
^GSPC:
2.74
PUTW:
1.40
^GSPC:
1.38
PUTW:
2.56
^GSPC:
3.13
PUTW:
11.58
^GSPC:
12.83
PUTW:
1.67%
^GSPC:
2.07%
PUTW:
9.91%
^GSPC:
12.85%
PUTW:
-28.40%
^GSPC:
-56.78%
PUTW:
-0.48%
^GSPC:
-0.67%
Returns By Period
In the year-to-date period, PUTW achieves a 2.41% return, which is significantly lower than ^GSPC's 2.85% return.
PUTW
2.41%
1.39%
6.90%
17.73%
8.77%
N/A
^GSPC
2.85%
2.00%
8.88%
24.72%
12.77%
11.45%
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Risk-Adjusted Performance
PUTW vs. ^GSPC — Risk-Adjusted Performance Rank
PUTW
^GSPC
PUTW vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW) and S&P 500 (^GSPC). 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.
Drawdowns
PUTW vs. ^GSPC - Drawdown Comparison
The maximum PUTW drawdown since its inception was -28.40%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for PUTW and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
PUTW vs. ^GSPC - Volatility Comparison
The current volatility for WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW) is 4.79%, while S&P 500 (^GSPC) has a volatility of 5.14%. This indicates that PUTW experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.