PUTW vs. JEPI
Compare and contrast key facts about WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW) and JPMorgan Equity Premium Income ETF (JEPI).
PUTW and JEPI 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. JEPI is an actively managed fund by JPMorgan Chase. It was launched on May 20, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PUTW or JEPI.
Key characteristics
| PUTW | JEPI | |
|---|---|---|
| YTD Return | 18.41% | 15.79% |
| 1Y Return | 22.59% | 20.11% |
| 3Y Return (Ann) | 7.72% | 8.29% |
| Sharpe Ratio | 2.54 | 2.87 |
| Sortino Ratio | 3.37 | 4.00 |
| Omega Ratio | 1.53 | 1.58 |
| Calmar Ratio | 3.04 | 5.20 |
| Martin Ratio | 14.84 | 20.34 |
| Ulcer Index | 1.55% | 0.99% |
| Daily Std Dev | 9.04% | 7.00% |
| Max Drawdown | -28.40% | -13.71% |
| Current Drawdown | -0.06% | -0.18% |
Correlation
The correlation between PUTW and JEPI is 0.70, 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. JEPI - Performance Comparison
In the year-to-date period, PUTW achieves a 18.41% return, which is significantly higher than JEPI's 15.79% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PUTW vs. JEPI - Expense Ratio Comparison
PUTW has a 0.44% expense ratio, which is higher than JEPI's 0.35% expense ratio.
Risk-Adjusted Performance
PUTW vs. JEPI - 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 JPMorgan Equity Premium Income ETF (JEPI). 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. JEPI - Dividend Comparison
PUTW's dividend yield for the trailing twelve months is around 10.98%, more than JEPI's 7.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
PUTW WisdomTree CBOE S&P 500 PutWrite Strategy Fund | 10.98% | 8.94% | 3.27% | 0.00% | 1.43% | 1.47% | 6.46% | 3.52% | 2.27% |
JEPI JPMorgan Equity Premium Income ETF | 7.07% | 8.40% | 11.67% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PUTW vs. JEPI - Drawdown Comparison
The maximum PUTW drawdown since its inception was -28.40%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for PUTW and JEPI. For additional features, visit the drawdowns tool.
Volatility
PUTW vs. JEPI - Volatility Comparison
WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW) has a higher volatility of 2.71% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.97%. This indicates that PUTW's price experiences larger fluctuations and is considered to be riskier than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.