PUTW vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about WisdomTree Equity Premium Income Fund (PUTW) and S&P 500 Index (^GSPC).

PUTW is a passively managed fund by WisdomTree that tracks the performance of the Volos U.S. Large Cap Target 2.5% PutWrite Index. It was launched on Feb 24, 2016.

Performance

PUTW vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Equity Premium Income Fund (PUTW) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

PUTW vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PUTW WisdomTree Equity Premium Income Fund	-1.66%	14.45%	17.18%	15.53%	-10.11%	20.94%	1.65%	13.55%	-7.16%	10.09%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

In the year-to-date period, PUTW achieves a -1.66% return, which is significantly higher than ^GSPC's -3.95% return. Over the past 10 years, PUTW has underperformed ^GSPC with an annualized return of 7.80%, while ^GSPC has yielded a comparatively higher 12.24% annualized return.

PUTW

• 1D: 0.00%
• 1M: -3.10%
• YTD: -1.66%
• 6M: 1.81%
• 1Y: 15.49%
• 3Y*: 13.04%
• 5Y*: 9.37%
• 10Y*: 7.80%

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

PUTW vs. ^GSPC — Risk / Return Rank

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

PUTW

PUTW Risk / Return Rank: 68
PUTW Sharpe Ratio Rank: 57
PUTW Sortino Ratio Rank: 62
PUTW Omega Ratio Rank: 71
PUTW Calmar Ratio Rank: 66
PUTW Martin Ratio Rank: 82

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

PUTW vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Equity Premium Income Fund (PUTW) and S&P 500 Index (^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.

	PUTW	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.09	0.92	+0.17
Sortino ratio Return per unit of downside risk	1.63	1.41	+0.22
Omega ratio Gain probability vs. loss probability	1.27	1.21	+0.06
Calmar ratio Return relative to maximum drawdown	1.58	1.41	+0.16
Martin ratio Return relative to average drawdown	8.35	6.61	+1.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PUTW vs. ^GSPC - Sharpe Ratio Comparison

The current PUTW Sharpe Ratio is 1.09, which is comparable to the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of PUTW and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PUTW	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.09	0.92	+0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.61	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.68	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.46	+0.15

Correlation

The correlation between PUTW and ^GSPC is 0.80, 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.

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.

Drawdown Indicators

	PUTW	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-28.40%	-56.78%	+28.38%
Max Drawdown (1Y) Largest decline over 1 year	-9.90%	-12.14%	+2.24%
Max Drawdown (5Y) Largest decline over 5 years	-16.56%	-25.43%	+8.87%
Max Drawdown (10Y) Largest decline over 10 years	-28.40%	-33.92%	+5.52%
Current Drawdown Current decline from peak	-4.73%	-5.78%	+1.05%
Average Drawdown Average peak-to-trough decline	-3.48%	-10.75%	+7.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	2.60%	-0.73%

Volatility

PUTW vs. ^GSPC - Volatility Comparison

The current volatility for WisdomTree Equity Premium Income Fund (PUTW) is 4.76%, while S&P 500 Index (^GSPC) has a volatility of 5.37%. 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.

Volatility by Period

	PUTW	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.76%	5.37%	-0.61%
Volatility (6M) Calculated over the trailing 6-month period	7.82%	9.55%	-1.73%
Volatility (1Y) Calculated over the trailing 1-year period	14.33%	18.33%	-4.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.21%	16.90%	-4.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.23%	18.05%	-4.82%