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.
Key characteristics
PUTW | ^GSPC | |
---|---|---|
YTD Return | 8.66% | 11.29% |
1Y Return | 17.06% | 29.16% |
3Y Return (Ann) | 8.32% | 8.35% |
5Y Return (Ann) | 8.28% | 13.20% |
Sharpe Ratio | 1.86 | 2.44 |
Daily Std Dev | 8.78% | 11.61% |
Max Drawdown | -28.40% | -56.78% |
Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PUTW and ^GSPC is 0.78, 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
In the year-to-date period, PUTW achieves a 8.66% return, which is significantly lower than ^GSPC's 11.29% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 3.18%, while S&P 500 (^GSPC) has a volatility of 3.47%. 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.