PUTW vs. AGGY

Last updated Aug 1, 2026

PUTW (WisdomTree PutWrite Strategy Fund) and AGGY (WisdomTree Yield Enhanced U.S. Aggregate Bond Fund) are both exchange-traded funds - PUTW is a Derivative Income fund tracking the Volos U.S. Large Cap Target 2.5% PutWrite Index, while AGGY is a Intermediate Core Bond fund tracking the Bloomberg US Aggregate Yield Enhanced. Both are passively managed. Their 0.02 correlation means their historical movements had little consistent relationship. PUTW charges 0.44%/yr vs 0.12%/yr for AGGY.

Performance

PUTW vs. AGGY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree PutWrite Strategy Fund (PUTW) and WisdomTree Yield Enhanced U.S. Aggregate Bond Fund (AGGY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PUTW

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

AGGY

• 1D: -0.20%
• 1M: -1.65%
• 6M: -0.95%
• YTD: -0.77%
• 1Y: 1.88%
• 3Y*: 4.38%
• 5Y*: -0.54%
• 10Y*: 1.41%
• ALL TIME*: 1.89%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AGGY WisdomTree Yield Enhanced U.S. Aggregate Bond Fund	$3.13M	$5.22M	$4.97M

PUTW vs. AGGY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PUTW WisdomTree PutWrite Strategy Fund	0.00%	-2.80%	17.19%	14.01%	-11.11%	20.92%	1.67%	13.55%	-8.07%	9.88%
AGGY WisdomTree Yield Enhanced U.S. Aggregate Bond Fund	-0.77%	7.38%	1.82%	7.29%	-15.26%	-1.72%	5.87%	11.77%	-1.70%	5.20%

Correlation

The correlation between PUTW and AGGY is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (3Y) Balances recent behavior with more history.	0.17
Correlation (5Y) Shows whether the relationship held over a longer period.	0.11
Correlation (10Y) Provides a long-term view across more market conditions.	0.03
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016	0.02

The correlation between PUTW and AGGY shifts across timeframes, from 0.02 (all time) to 0.17 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

PUTW vs. AGGY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PUTW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

AGGY

AGGY Risk / Return Rank: 27
AGGY Sharpe Ratio Rank: 28
AGGY Sortino Ratio Rank: 26
AGGY Omega Ratio Rank: 24
AGGY Calmar Ratio Rank: 29
AGGY Martin Ratio Rank: 29

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PUTW vs. AGGY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree PutWrite Strategy Fund (PUTW) and WisdomTree Yield Enhanced U.S. Aggregate Bond Fund (AGGY). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PUTW	AGGY	Difference
Sharpe ratio: Return per unit of total volatility	—	0.66	—
Sortino ratio: Return per unit of downside risk	—	0.97	—
Omega ratio: Gain probability vs. loss probability	—	1.11	—
Calmar ratio: Return relative to maximum drawdown	—	0.98	—
Martin ratio: Return relative to average drawdown	—	2.44	—

Drawdowns

Drawdown Indicators

	PUTW	AGGY	Difference
Max Drawdown Largest peak-to-trough decline	—	-20.98%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-2.81%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.78%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.60%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-20.98%	—
Current Drawdown Current decline from peak	—	-3.48%	—
Average Drawdown Average peak-to-trough decline	—	-4.99%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.12%	—

Volatility

Volatility by Period

	PUTW	AGGY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.27%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	4.16%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	6.08%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	5.50%	—

PUTW vs. AGGY - Expense Ratio Comparison

PUTW has a 0.44% expense ratio, which is higher than AGGY's 0.12% expense ratio.

Dividends

PUTW vs. AGGY - Dividend Comparison

PUTW has not paid dividends to shareholders, while AGGY's dividend yield for the trailing twelve months is around 4.59%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGGY WisdomTree Yield Enhanced U.S. Aggregate Bond Fund	4.59%	4.48%	4.38%	3.78%	2.77%	2.10%	2.96%	3.02%	3.36%	2.78%	3.19%	1.27%
PUTW WisdomTree PutWrite Strategy Fund	0.00%	4.16%	11.99%	7.63%	2.16%	0.00%	1.43%	1.47%	5.49%	3.33%	2.27%	0.00%

Frequently Asked Questions

Can I hold both PUTW and AGGY in my portfolio?

PUTW and AGGY have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PUTW or AGGY?

On fees, AGGY is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PUTW or AGGY?

AGGY is cheaper with a 0.12% expense ratio, compared with 0.44% for PUTW.

Which ETF pays a higher dividend yield, PUTW or AGGY?

AGGY has the higher dividend yield at 4.59%, compared with 0.00% for PUTW.

What is the main difference between PUTW and AGGY?

PUTW is categorized as Derivative Income, while AGGY is Intermediate Core Bond. PUTW tracks Volos U.S. Large Cap Target 2.5% PutWrite Index, while AGGY tracks Bloomberg US Aggregate Yield Enhanced. Their fees differ too: 0.44% for PUTW and 0.12% for AGGY.