PUTW vs. QYLD
Compare and contrast key facts about WisdomTree Equity Premium Income Fund (PUTW) and Global X NASDAQ 100 Covered Call ETF (QYLD).
PUTW is a passively managed fund by WisdomTree that tracks the performance of the Volos U.S. Large Cap Target 2.5% PutWrite Index. It was launched on Feb 24, 2016. QYLD is a passively managed fund by Global X that tracks the performance of the CBOE NASDAQ-100 Buy Write V2. It was launched on Dec 12, 2013. Both PUTW and QYLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
PUTW vs. QYLD - Performance Comparison
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PUTW vs. QYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PUTW WisdomTree Equity Premium Income Fund | -1.66% | 14.45% | 17.18% | 15.53% | -10.11% | 20.94% | 1.65% | 13.55% | -7.16% | 10.09% |
QYLD Global X NASDAQ 100 Covered Call ETF | 0.02% | 9.28% | 19.35% | 22.77% | -19.08% | 10.41% | 8.72% | 22.69% | -3.07% | 18.79% |
Returns By Period
In the year-to-date period, PUTW achieves a -1.66% return, which is significantly lower than QYLD's 0.02% return. Over the past 10 years, PUTW has underperformed QYLD with an annualized return of 7.80%, while QYLD has yielded a comparatively higher 8.89% annualized return.
PUTW
- 1D
- 2.60%
- 1M
- -3.50%
- YTD
- -1.66%
- 6M
- 1.99%
- 1Y
- 15.64%
- 3Y*
- 13.04%
- 5Y*
- 9.37%
- 10Y*
- 7.80%
QYLD
- 1D
- 2.69%
- 1M
- -1.52%
- YTD
- 0.02%
- 6M
- 7.09%
- 1Y
- 16.31%
- 3Y*
- 12.97%
- 5Y*
- 6.88%
- 10Y*
- 8.89%
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PUTW vs. QYLD - Expense Ratio Comparison
PUTW has a 0.44% expense ratio, which is lower than QYLD's 0.60% expense ratio.
Return for Risk
PUTW vs. QYLD — Risk / Return Rank
PUTW
QYLD
PUTW vs. QYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Equity Premium Income Fund (PUTW) and Global X NASDAQ 100 Covered Call ETF (QYLD). 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.
| PUTW | QYLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 1.00 | +0.10 |
Sortino ratioReturn per unit of downside risk | 1.65 | 1.61 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.31 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.51 | +0.11 |
Martin ratioReturn relative to average drawdown | 8.70 | 9.98 | -1.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PUTW | QYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 1.00 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.47 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.58 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.55 | +0.06 |
Correlation
The correlation between PUTW and QYLD 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.
Dividends
PUTW vs. QYLD - Dividend Comparison
PUTW's dividend yield for the trailing twelve months is around 12.37%, more than QYLD's 11.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PUTW WisdomTree Equity Premium Income Fund | 12.37% | 13.18% | 11.99% | 8.94% | 3.27% | 0.00% | 1.43% | 1.47% | 6.46% | 3.52% | 2.27% | 0.00% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.92% | 11.55% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% |
Drawdowns
PUTW vs. QYLD - Drawdown Comparison
The maximum PUTW drawdown since its inception was -28.40%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for PUTW and QYLD.
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Drawdown Indicators
| PUTW | QYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.40% | -24.75% | -3.65% |
Max Drawdown (1Y)Largest decline over 1 year | -9.90% | -10.84% | +0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -16.56% | -24.61% | +8.05% |
Max Drawdown (10Y)Largest decline over 10 years | -28.40% | -24.75% | -3.65% |
Current DrawdownCurrent decline from peak | -4.73% | -2.41% | -2.32% |
Average DrawdownAverage peak-to-trough decline | -3.48% | -3.89% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 1.64% | +0.21% |
Volatility
PUTW vs. QYLD - Volatility Comparison
WisdomTree Equity Premium Income Fund (PUTW) and Global X NASDAQ 100 Covered Call ETF (QYLD) have volatilities of 4.77% and 4.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PUTW | QYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 4.90% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 7.82% | 7.48% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.33% | 16.42% | -2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.21% | 14.84% | -2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.23% | 15.51% | -2.28% |