PUTW vs. DIVO
Compare and contrast key facts about WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW) and Amplify CWP Enhanced Dividend Income ETF (DIVO).
PUTW and DIVO 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. DIVO is an actively managed fund by Amplify Investments. It was launched on Dec 14, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PUTW or DIVO.
Key characteristics
| PUTW | DIVO | |
|---|---|---|
| YTD Return | 18.55% | 19.05% |
| 1Y Return | 22.29% | 24.65% |
| 3Y Return (Ann) | 7.76% | 9.07% |
| 5Y Return (Ann) | 8.99% | 12.08% |
| Sharpe Ratio | 2.52 | 2.93 |
| Sortino Ratio | 3.34 | 4.24 |
| Omega Ratio | 1.53 | 1.55 |
| Calmar Ratio | 3.01 | 4.71 |
| Martin Ratio | 14.69 | 19.00 |
| Ulcer Index | 1.55% | 1.36% |
| Daily Std Dev | 9.03% | 8.79% |
| Max Drawdown | -28.40% | -30.04% |
| Current Drawdown | 0.00% | -0.50% |
Correlation
The correlation between PUTW and DIVO is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PUTW vs. DIVO - Performance Comparison
The year-to-date returns for both investments are quite close, with PUTW having a 18.55% return and DIVO slightly higher at 19.05%. 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. DIVO - Expense Ratio Comparison
PUTW has a 0.44% expense ratio, which is lower than DIVO's 0.55% expense ratio.
Risk-Adjusted Performance
PUTW vs. DIVO - 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 Amplify CWP Enhanced Dividend Income ETF (DIVO). 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. DIVO - Dividend Comparison
PUTW's dividend yield for the trailing twelve months is around 10.96%, more than DIVO's 4.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
PUTW WisdomTree CBOE S&P 500 PutWrite Strategy Fund | 10.96% | 8.94% | 3.27% | 0.00% | 1.43% | 1.47% | 6.46% | 3.52% | 2.27% |
DIVO Amplify CWP Enhanced Dividend Income ETF | 4.43% | 4.67% | 4.76% | 4.79% | 4.92% | 8.16% | 5.27% | 3.83% | 0.00% |
Drawdowns
PUTW vs. DIVO - Drawdown Comparison
The maximum PUTW drawdown since its inception was -28.40%, smaller than the maximum DIVO drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for PUTW and DIVO. For additional features, visit the drawdowns tool.
Volatility
PUTW vs. DIVO - Volatility Comparison
The current volatility for WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW) is 2.63%, while Amplify CWP Enhanced Dividend Income ETF (DIVO) has a volatility of 3.32%. This indicates that PUTW experiences smaller price fluctuations and is considered to be less risky than DIVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.