PUTW vs. WTLS

Last updated Jun 4, 2026

PUTW (WisdomTree Equity Premium Income Fund) and WTLS (WisdomTree Efficient Long/Short US Equity Fund) are both mutual funds - PUTW is a Derivative Income fund tracking the Volos U.S. Large Cap Target 2.5% PutWrite Index, while WTLS is a Long-Short fund actively managed by WisdomTree. PUTW is passively managed, while WTLS is actively managed. A 0.69 correlation means they provide meaningful diversification when combined. PUTW charges 0.44%/yr vs 0.88%/yr for WTLS.

Performance

PUTW vs. WTLS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Equity Premium Income Fund (PUTW) and WisdomTree Efficient Long/Short US Equity Fund (WTLS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PUTW

• 1D: -0.18%
• 1M: 1.94%
• YTD: 4.26%
• 6M: 4.65%
• 1Y: 18.84%
• 3Y*: 13.62%
• 5Y*: 9.92%
• 10Y*: 8.30%

WTLS

• 1D: -1.04%
• 1M: 9.27%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PUTW vs. WTLS - Yearly Performance Comparison

	2026 (YTD)
PUTW WisdomTree Equity Premium Income Fund	2.37%
WTLS WisdomTree Efficient Long/Short US Equity Fund	20.44%

Correlation

The correlation between PUTW and WTLS is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 23, 2026	0.69

Return for Risk

PUTW vs. WTLS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PUTW

PUTW Risk / Return Rank: 55
PUTW Sharpe Ratio Rank: 52
PUTW Sortino Ratio Rank: 50
PUTW Omega Ratio Rank: 60
PUTW Calmar Ratio Rank: 48
PUTW Martin Ratio Rank: 65

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. WTLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Equity Premium Income Fund (PUTW) and WisdomTree Efficient Long/Short US Equity Fund (WTLS). 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	WTLS	Difference
Sharpe ratio: Return per unit of total volatility	2.14	—	—
Sortino ratio: Return per unit of downside risk	2.98	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	2.65	—	—
Martin ratio: Return relative to average drawdown	12.69	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PUTW	WTLS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.14	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	3.67	-3.02

Drawdowns

PUTW vs. WTLS - Drawdown Comparison

The maximum PUTW drawdown since its inception was -28.40%, which is greater than WTLS's maximum drawdown of -8.94%. Use the drawdown chart below to compare losses from any high point for PUTW and WTLS.

Drawdown Indicators

	PUTW	WTLS	Difference
Max Drawdown Largest peak-to-trough decline	-28.40%	-8.94%	-19.46%
Max Drawdown (1Y) Largest decline over 1 year	-7.15%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.26%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.56%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-28.40%	—	—
Current Drawdown Current decline from peak	-0.27%	-1.04%	+0.77%
Average Drawdown Average peak-to-trough decline	-3.44%	-1.78%	-1.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.49%	—	—

Volatility

Volatility by Period

	PUTW	WTLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.90%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.86%	18.47%	-9.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.13%	18.47%	-6.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.22%	18.47%	-5.25%

PUTW vs. WTLS - Expense Ratio Comparison

PUTW has a 0.44% expense ratio, which is lower than WTLS's 0.88% expense ratio.

Dividends

PUTW vs. WTLS - Dividend Comparison

PUTW's dividend yield for the trailing twelve months is around 12.06%, while WTLS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
PUTW WisdomTree Equity Premium Income Fund	12.06%	13.18%	11.99%	8.94%	3.27%	0.00%	1.43%	1.47%	6.46%	3.52%	2.27%
WTLS WisdomTree Efficient Long/Short US Equity Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PUTW and WTLS in my portfolio?

PUTW and WTLS have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.