REZ vs. PUTW
REZ (iShares Residential Real Estate ETF) and PUTW (WisdomTree Equity Premium Income Fund) are both funds - REZ is a REIT fund tracking the FTSE NAREIT All Residential Capped Index, while PUTW is a Derivative Income fund tracking the Volos U.S. Large Cap Target 2.5% PutWrite Index. Both are passively managed. Over the past 10 years, REZ returned 7.05%/yr vs 8.19%/yr for PUTW. At a 0.35 correlation, their price movements are largely independent. REZ charges 0.48%/yr vs 0.44%/yr for PUTW.
Performance
REZ vs. PUTW - Performance Comparison
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Returns By Period
In the year-to-date period, REZ achieves a 12.29% return, which is significantly higher than PUTW's 3.48% return. Over the past 10 years, REZ has underperformed PUTW with an annualized return of 7.05%, while PUTW has yielded a comparatively higher 8.19% annualized return.
REZ
- 1D
- 0.89%
- 1M
- 3.84%
- YTD
- 12.29%
- 6M
- 12.93%
- 1Y
- 14.84%
- 3Y*
- 10.92%
- 5Y*
- 4.39%
- 10Y*
- 7.05%
PUTW
- 1D
- 0.40%
- 1M
- 0.18%
- YTD
- 3.48%
- 6M
- 3.48%
- 1Y
- 17.70%
- 3Y*
- 12.97%
- 5Y*
- 9.67%
- 10Y*
- 8.19%
REZ vs. PUTW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REZ iShares Residential Real Estate ETF | 12.29% | 4.80% | 12.73% | 10.97% | -28.31% | 47.86% | -6.62% | 24.49% | 3.89% | 3.87% |
PUTW WisdomTree Equity Premium Income Fund | 3.48% | 14.45% | 17.18% | 15.53% | -10.11% | 20.94% | 1.65% | 13.55% | -7.16% | 10.09% |
Correlation
The correlation between REZ and PUTW is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016 | 0.35 |
Over the past year, the correlation between REZ and PUTW has dropped to 0.11 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.
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Return for Risk
REZ vs. PUTW — Risk / Return Rank
REZ
PUTW
REZ vs. PUTW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Residential Real Estate ETF (REZ) and WisdomTree Equity Premium Income Fund (PUTW). 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.
| REZ | PUTW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.38 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 2.43 | -0.83 |
| Martin ratioReturn relative to average drawdown | 4.86 | 11.45 | -6.59 |
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Drawdowns
REZ vs. PUTW - Drawdown Comparison
The maximum REZ drawdown since its inception was -66.87%, which is greater than PUTW's maximum drawdown of -28.40%. Use the drawdown chart below to compare losses from any high point for REZ and PUTW.
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Drawdown Indicators
| REZ | PUTW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.87% | -28.40% | -38.47% |
Max Drawdown (1Y)Largest decline over 1 year | -8.76% | -7.15% | -1.61% |
Max Drawdown (3Y)Largest decline over 3 years | -18.39% | -15.26% | -3.13% |
Max Drawdown (5Y)Largest decline over 5 years | -35.05% | -16.56% | -18.49% |
Max Drawdown (10Y)Largest decline over 10 years | -44.15% | -28.40% | -15.75% |
Current DrawdownCurrent decline from peak | 0.00% | -1.02% | +1.02% |
Average DrawdownAverage peak-to-trough decline | -12.67% | -3.43% | -9.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 1.51% | +1.36% |
Volatility
REZ vs. PUTW - Volatility Comparison
iShares Residential Real Estate ETF (REZ) has a higher volatility of 5.69% compared to WisdomTree Equity Premium Income Fund (PUTW) at 2.67%. This indicates that REZ's price experiences larger fluctuations and is considered to be riskier than PUTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| REZ | PUTW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.69% | 2.67% | +3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 11.14% | 7.42% | +3.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.73% | 9.18% | +5.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.97% | 12.18% | +6.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.55% | 13.24% | +8.31% |
REZ vs. PUTW - Expense Ratio Comparison
REZ has a 0.48% expense ratio, which is higher than PUTW's 0.44% expense ratio.
Dividends
REZ vs. PUTW - Dividend Comparison
REZ's dividend yield for the trailing twelve months is around 2.05%, less than PUTW's 12.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PUTW WisdomTree Equity Premium Income Fund | 12.15% | 13.18% | 11.99% | 8.94% | 3.27% | 0.00% | 1.43% | 1.47% | 6.46% | 3.52% | 2.27% | 0.00% |
REZ iShares Residential Real Estate ETF | 2.05% | 2.74% | 2.26% | 2.94% | 3.37% | 1.81% | 3.17% | 2.90% | 3.63% | 3.57% | 5.55% | 3.18% |
Frequently Asked Questions
REZ and PUTW have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
REZ has higher volatility (5.69%) compared to PUTW (2.67%). In terms of maximum drawdown, REZ dropped -66.87% vs PUTW's -28.40%.
PUTW currently has the higher Sharpe Ratio (1.89 vs 0.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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