PUTW vs. ^GSPC
Compare and contrast key facts about WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW) and S&P 500 (^GSPC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PUTW or ^GSPC.
Correlation
The correlation between PUTW and ^GSPC is 0.79, 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. ^GSPC - Performance Comparison
Key characteristics
PUTW:
-0.20
^GSPC:
-0.10
PUTW:
-0.17
^GSPC:
-0.03
PUTW:
0.97
^GSPC:
1.00
PUTW:
-0.18
^GSPC:
-0.09
PUTW:
-0.90
^GSPC:
-0.47
PUTW:
2.86%
^GSPC:
3.54%
PUTW:
12.80%
^GSPC:
15.90%
PUTW:
-28.40%
^GSPC:
-56.78%
PUTW:
-14.78%
^GSPC:
-17.61%
Returns By Period
In the year-to-date period, PUTW achieves a -11.36% return, which is significantly higher than ^GSPC's -13.93% return.
PUTW
-11.36%
-10.55%
-8.63%
-3.66%
10.41%
N/A
^GSPC
-13.93%
-12.27%
-11.13%
-2.73%
13.04%
9.21%
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Risk-Adjusted Performance
PUTW vs. ^GSPC — Risk-Adjusted Performance Rank
PUTW
^GSPC
PUTW vs. ^GSPC - 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 S&P 500 (^GSPC). 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.
Drawdowns
PUTW vs. ^GSPC - Drawdown Comparison
The maximum PUTW drawdown since its inception was -28.40%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for PUTW and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
PUTW vs. ^GSPC - Volatility Comparison
The current volatility for WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW) is 7.51%, while S&P 500 (^GSPC) has a volatility of 9.24%. This indicates that PUTW experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.