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:
1.51
^GSPC:
1.62
PUTW:
1.99
^GSPC:
2.20
PUTW:
1.31
^GSPC:
1.30
PUTW:
2.00
^GSPC:
2.46
PUTW:
9.03
^GSPC:
10.01
PUTW:
1.67%
^GSPC:
2.08%
PUTW:
10.01%
^GSPC:
12.88%
PUTW:
-28.40%
^GSPC:
-56.78%
PUTW:
-1.66%
^GSPC:
-2.13%
Returns By Period
The year-to-date returns for both stocks are quite close, with PUTW having a 2.28% return and ^GSPC slightly lower at 2.24%.
PUTW
2.28%
-0.46%
6.66%
14.16%
8.47%
N/A
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
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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 2.59%, while S&P 500 (^GSPC) has a volatility of 3.43%. 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.