PUTW vs. DGRO
Compare and contrast key facts about WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW) and iShares Core Dividend Growth ETF (DGRO).
PUTW and DGRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 10, 2014. Both PUTW and DGRO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PUTW or DGRO.
Key characteristics
| PUTW | DGRO | |
|---|---|---|
| YTD Return | 18.48% | 21.31% |
| 1Y Return | 23.02% | 32.30% |
| 3Y Return (Ann) | 7.76% | 8.48% |
| 5Y Return (Ann) | 9.02% | 12.23% |
| Sharpe Ratio | 2.64 | 3.49 |
| Sortino Ratio | 3.49 | 4.93 |
| Omega Ratio | 1.55 | 1.66 |
| Calmar Ratio | 3.17 | 4.39 |
| Martin Ratio | 15.45 | 23.49 |
| Ulcer Index | 1.55% | 1.44% |
| Daily Std Dev | 9.05% | 9.66% |
| Max Drawdown | -28.40% | -35.10% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PUTW and DGRO is 0.72, 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. DGRO - Performance Comparison
In the year-to-date period, PUTW achieves a 18.48% return, which is significantly lower than DGRO's 21.31% 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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PUTW vs. DGRO - Expense Ratio Comparison
PUTW has a 0.44% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Risk-Adjusted Performance
PUTW vs. DGRO - 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 iShares Core Dividend Growth ETF (DGRO). 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.
Dividends
PUTW vs. DGRO - Dividend Comparison
PUTW's dividend yield for the trailing twelve months is around 10.97%, more than DGRO's 2.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
PUTW WisdomTree CBOE S&P 500 PutWrite Strategy Fund | 10.97% | 8.94% | 3.27% | 0.00% | 1.43% | 1.47% | 6.46% | 3.52% | 2.27% | 0.00% | 0.00% |
DGRO iShares Core Dividend Growth ETF | 2.15% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% | 0.97% |
Drawdowns
PUTW vs. DGRO - Drawdown Comparison
The maximum PUTW drawdown since its inception was -28.40%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for PUTW and DGRO. For additional features, visit the drawdowns tool.
Volatility
PUTW vs. DGRO - Volatility Comparison
The current volatility for WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW) is 2.71%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 3.28%. This indicates that PUTW experiences smaller price fluctuations and is considered to be less risky than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.