PUTW vs. PRFD

Last updated Jul 17, 2026

PUTW (WisdomTree Equity Premium Income Fund) and PRFD (PIMCO Preferred And Capital Securities Active Exchange-Traded Fund) are both funds - PUTW is a Derivative Income fund tracking the Volos U.S. Large Cap Target 2.5% PutWrite Index, while PRFD is a Preferred Stock/Convertible Bonds fund actively managed by PIMCO. PUTW is passively managed, while PRFD is actively managed. At a 0.28 correlation, their price movements are largely independent. PUTW charges 0.44%/yr vs 0.74%/yr for PRFD.

Performance

PUTW vs. PRFD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Equity Premium Income Fund (PUTW) and PIMCO Preferred And Capital Securities Active Exchange-Traded Fund (PRFD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PUTW

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

PRFD

• 1D: 0.02%
• 1M: -0.04%
• 6M: 1.15%
• YTD: 1.89%
• 1Y: 6.61%
• 3Y*: 8.94%
• 5Y*: —
• 10Y*: —

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

PUTW vs. PRFD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PUTW WisdomTree Equity Premium Income Fund	0.00%	-2.80%	17.19%	11.38%
PRFD PIMCO Preferred And Capital Securities Active Exchange-Traded Fund	1.89%	8.45%	9.92%	1.81%

Correlation

The correlation between PUTW and PRFD is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jan 19, 2023	0.28

PUTW vs. PRFD - Sectors Allocation Comparison

Sectors	PUTW	PRFD
Basic Materials	-	-
Communication Services	-	0.2%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	0.1%
Financial Services	-0.0%	2.1%

Return for Risk

PUTW vs. PRFD — 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.

PRFD

PRFD Risk / Return Rank: 71
PRFD Sharpe Ratio Rank: 82
PRFD Sortino Ratio Rank: 81
PRFD Omega Ratio Rank: 86
PRFD Calmar Ratio Rank: 50
PRFD Martin Ratio Rank: 60

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. PRFD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Equity Premium Income Fund (PUTW) and PIMCO Preferred And Capital Securities Active Exchange-Traded Fund (PRFD). 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	PRFD	Difference
Sharpe ratio: Return per unit of total volatility	—	2.09	—
Sortino ratio: Return per unit of downside risk	—	2.89	—
Omega ratio: Gain probability vs. loss probability	—	1.41	—
Calmar ratio: Return relative to maximum drawdown	—	2.02	—
Martin ratio: Return relative to average drawdown	—	8.23	—

Drawdowns

Drawdown Indicators

	PUTW	PRFD	Difference
Max Drawdown Largest peak-to-trough decline	—	-11.93%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-3.28%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-6.28%	—
Current Drawdown Current decline from peak	—	-0.39%	—
Average Drawdown Average peak-to-trough decline	—	-2.17%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.80%	—

Volatility

Volatility by Period

	PUTW	PRFD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.65%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	3.17%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	4.82%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	4.82%	—

PUTW vs. PRFD - Expense Ratio Comparison

PUTW has a 0.44% expense ratio, which is lower than PRFD's 0.74% expense ratio.

Dividends

PUTW vs. PRFD - Dividend Comparison

PUTW has not paid dividends to shareholders, while PRFD's dividend yield for the trailing twelve months is around 5.79%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
PRFD PIMCO Preferred And Capital Securities Active Exchange-Traded Fund	5.79%	5.63%	5.53%	5.04%	0.00%	0.00%	0.00%	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 PRFD in my portfolio?

PUTW and PRFD have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.