PUTW vs. JEPI

Last updated Jul 14, 2026

PUTW (WisdomTree Equity Premium Income Fund) and JEPI (JPMorgan Equity Premium Income ETF) are both funds - PUTW is a Derivative Income fund tracking the Volos U.S. Large Cap Target 2.5% PutWrite Index, while JEPI is a Dividend fund actively managed by JPMorgan. PUTW is passively managed, while JEPI is actively managed. A 0.62 correlation means they provide meaningful diversification when combined. PUTW charges 0.44%/yr vs 0.35%/yr for JEPI.

Performance

PUTW vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Equity Premium Income Fund (PUTW) and JPMorgan Equity Premium Income ETF (JEPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PUTW

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

JEPI

• 1D: 0.00%
• 1M: 1.98%
• 6M: 1.42%
• YTD: 3.30%
• 1Y: 8.32%
• 3Y*: 9.14%
• 5Y*: 7.38%
• 10Y*: —

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

PUTW vs. JEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PUTW WisdomTree Equity Premium Income Fund	0.00%	-2.80%	17.19%	14.01%	-11.11%	20.92%	18.13%
JEPI JPMorgan Equity Premium Income ETF	3.30%	8.09%	12.57%	9.83%	-3.49%	21.52%	18.39%

Correlation

The correlation between PUTW and JEPI is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (All Time) Calculated using the full available price history since May 21, 2020	0.62

The correlation between PUTW and JEPI shifts across timeframes, from 0.53 (3 years) to 0.63 (5 years), reflecting how their relationship changes across market environments.

PUTW vs. JEPI - Sectors Allocation Comparison

Sectors	PUTW	JEPI
Basic Materials	-	1.7%
Communication Services	-	6.2%
Consumer Cyclical	-	9.9%
Consumer Defensive	-	7.8%
Energy	-	2.3%
Healthcare	-	13.3%
Industrials	-	10.8%
Real Estate	-	2.7%
Technology	-	15.5%
Utilities	-	4.7%
Financial Services	-0.0%	9.1%

Return for Risk

PUTW vs. JEPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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.

JEPI

JEPI Risk / Return Rank: 34
JEPI Sharpe Ratio Rank: 36
JEPI Sortino Ratio Rank: 36
JEPI Omega Ratio Rank: 35
JEPI Calmar Ratio Rank: 31
JEPI Martin Ratio Rank: 31

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PUTW vs. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Equity Premium Income 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.

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	JEPI	Difference
Sharpe ratio: Return per unit of total volatility	—	1.04	—
Sortino ratio: Return per unit of downside risk	—	1.55	—
Omega ratio: Gain probability vs. loss probability	—	1.19	—
Calmar ratio: Return relative to maximum drawdown	—	1.25	—
Martin ratio: Return relative to average drawdown	—	3.57	—

Drawdowns

Drawdown Indicators

	PUTW	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	—	-13.71%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-6.68%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.26%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.71%	—
Current Drawdown Current decline from peak	—	-1.84%	—
Average Drawdown Average peak-to-trough decline	—	-2.13%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.34%	—

Volatility

Volatility by Period

	PUTW	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.10%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.31%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	8.03%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	11.09%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	10.75%	—

PUTW vs. JEPI - Expense Ratio Comparison

PUTW has a 0.44% expense ratio, which is higher than JEPI's 0.35% expense ratio.

Dividends

PUTW vs. JEPI - Dividend Comparison

PUTW has not paid dividends to shareholders, while JEPI's dividend yield for the trailing twelve months is around 8.05%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
JEPI JPMorgan Equity Premium Income ETF	8.05%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%	0.00%	0.00%	0.00%	0.00%
PUTW WisdomTree Equity Premium Income Fund	0.00%	4.16%	11.99%	7.63%	2.16%	0.00%	1.43%	1.47%	5.49%	3.33%	2.27%

Frequently Asked Questions

Can I hold both PUTW and JEPI in my portfolio?

PUTW and JEPI have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.