PUTW vs. XYLD
Compare and contrast key facts about WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW) and Global X S&P 500 Covered Call ETF (XYLD).
PUTW and XYLD 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. XYLD is a passively managed fund by Global X that tracks the performance of the CBOE S&P 500 2% OTM BuyWrite Index. It was launched on Jun 24, 2013. Both PUTW and XYLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PUTW or XYLD.
Key characteristics
| PUTW | XYLD | |
|---|---|---|
| YTD Return | 18.48% | 15.98% |
| 1Y Return | 23.02% | 19.15% |
| 3Y Return (Ann) | 7.76% | 4.76% |
| 5Y Return (Ann) | 9.02% | 6.67% |
| Sharpe Ratio | 2.64 | 2.81 |
| Sortino Ratio | 3.49 | 3.81 |
| Omega Ratio | 1.55 | 1.74 |
| Calmar Ratio | 3.17 | 3.03 |
| Martin Ratio | 15.45 | 24.47 |
| Ulcer Index | 1.55% | 0.79% |
| Daily Std Dev | 9.05% | 6.88% |
| Max Drawdown | -28.40% | -33.46% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PUTW and XYLD is 0.71, 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. XYLD - Performance Comparison
In the year-to-date period, PUTW achieves a 18.48% return, which is significantly higher than XYLD's 15.98% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PUTW vs. XYLD - Expense Ratio Comparison
PUTW has a 0.44% expense ratio, which is lower than XYLD's 0.60% expense ratio.
Risk-Adjusted Performance
PUTW vs. XYLD - 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 Global X S&P 500 Covered Call ETF (XYLD). 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. XYLD - Dividend Comparison
PUTW's dividend yield for the trailing twelve months is around 10.97%, more than XYLD's 9.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PUTW WisdomTree CBOE S&P 500 PutWrite Strategy Fund | 10.97% | 8.94% | 3.27% | 0.00% | 1.43% | 1.47% | 6.46% | 3.52% | 2.27% | 0.00% | 0.00% | 0.00% |
XYLD Global X S&P 500 Covered Call ETF | 9.09% | 10.51% | 13.44% | 9.08% | 7.93% | 5.76% | 7.12% | 4.67% | 3.24% | 4.65% | 4.15% | 2.49% |
Drawdowns
PUTW vs. XYLD - Drawdown Comparison
The maximum PUTW drawdown since its inception was -28.40%, smaller than the maximum XYLD drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for PUTW and XYLD. For additional features, visit the drawdowns tool.
Volatility
PUTW vs. XYLD - Volatility Comparison
WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW) has a higher volatility of 2.71% compared to Global X S&P 500 Covered Call ETF (XYLD) at 2.34%. This indicates that PUTW's price experiences larger fluctuations and is considered to be riskier than XYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.