TCBIX vs. PUTW

Last updated Apr 1, 2026

Compare and contrast key facts about The Covered Bridge Fund (TCBIX) and WisdomTree Equity Premium Income Fund (PUTW).

TCBIX is managed by Covered Bridge. It was launched on Sep 30, 2013. 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.

Performance

TCBIX vs. PUTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Covered Bridge Fund (TCBIX) and WisdomTree Equity Premium Income Fund (PUTW). The values are adjusted to include any dividend payments, if applicable.

TCBIX vs. PUTW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TCBIX The Covered Bridge Fund	0.83%	12.61%	4.09%	4.09%	0.05%	18.21%	-1.71%	18.73%	-3.93%	9.66%
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%

Returns By Period

In the year-to-date period, TCBIX achieves a 0.83% return, which is significantly higher than PUTW's -1.66% return. Over the past 10 years, TCBIX has underperformed PUTW with an annualized return of 6.93%, while PUTW has yielded a comparatively higher 7.80% annualized return.

TCBIX

• 1D: -0.05%
• 1M: -4.46%
• YTD: 0.83%
• 6M: 3.27%
• 1Y: 11.66%
• 3Y*: 6.94%
• 5Y*: 5.52%
• 10Y*: 6.93%

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%

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

TCBIX vs. PUTW - Expense Ratio Comparison

TCBIX has a 1.40% expense ratio, which is higher than PUTW's 0.44% expense ratio.

TCBIX

The Covered Bridge Fund

PUTW

WisdomTree Equity Premium Income Fund

Return for Risk

TCBIX vs. PUTW — Risk / Return Rank

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

TCBIX

TCBIX Risk / Return Rank: 49
TCBIX Sharpe Ratio Rank: 48
TCBIX Sortino Ratio Rank: 51
TCBIX Omega Ratio Rank: 52
TCBIX Calmar Ratio Rank: 43
TCBIX Martin Ratio Rank: 51

PUTW

PUTW Risk / Return Rank: 72
PUTW Sharpe Ratio Rank: 63
PUTW Sortino Ratio Rank: 67
PUTW Omega Ratio Rank: 74
PUTW Calmar Ratio Rank: 72
PUTW Martin Ratio Rank: 85

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.

TCBIX vs. PUTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Covered Bridge Fund (TCBIX) 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.

	TCBIX	PUTW	Difference
Sharpe ratio Return per unit of total volatility	0.95	1.10	-0.15
Sortino ratio Return per unit of downside risk	1.43	1.65	-0.21
Omega ratio Gain probability vs. loss probability	1.21	1.27	-0.07
Calmar ratio Return relative to maximum drawdown	1.10	1.62	-0.53
Martin ratio Return relative to average drawdown	5.04	8.70	-3.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TCBIX vs. PUTW - Sharpe Ratio Comparison

The current TCBIX Sharpe Ratio is 0.95, which is comparable to the PUTW Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of TCBIX and PUTW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TCBIX	PUTW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.95	1.10	-0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.77	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.59	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.61	-0.10

Correlation

The correlation between TCBIX and PUTW is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TCBIX vs. PUTW - Dividend Comparison

TCBIX's dividend yield for the trailing twelve months is around 8.78%, less than PUTW's 12.37% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TCBIX The Covered Bridge Fund	8.78%	8.24%	7.47%	7.34%	8.09%	6.00%	4.70%	6.77%	11.55%	7.32%	7.32%	5.36%
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%

Drawdowns

TCBIX vs. PUTW - Drawdown Comparison

The maximum TCBIX drawdown since its inception was -28.94%, roughly equal to the maximum PUTW drawdown of -28.40%. Use the drawdown chart below to compare losses from any high point for TCBIX and PUTW.

Drawdown Indicators

	TCBIX	PUTW	Difference
Max Drawdown Largest peak-to-trough decline	-28.94%	-28.40%	-0.54%
Max Drawdown (1Y) Largest decline over 1 year	-10.24%	-9.90%	-0.34%
Max Drawdown (5Y) Largest decline over 5 years	-17.07%	-16.56%	-0.51%
Max Drawdown (10Y) Largest decline over 10 years	-28.94%	-28.40%	-0.54%
Current Drawdown Current decline from peak	-5.26%	-4.73%	-0.53%
Average Drawdown Average peak-to-trough decline	-3.51%	-3.48%	-0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	1.85%	+0.38%

Volatility

TCBIX vs. PUTW - Volatility Comparison

The current volatility for The Covered Bridge Fund (TCBIX) is 2.10%, while WisdomTree Equity Premium Income Fund (PUTW) has a volatility of 4.77%. This indicates that TCBIX experiences smaller price fluctuations and is considered to be less risky than PUTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TCBIX	PUTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.10%	4.77%	-2.67%
Volatility (6M) Calculated over the trailing 6-month period	6.16%	7.82%	-1.66%
Volatility (1Y) Calculated over the trailing 1-year period	13.05%	14.33%	-1.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.10%	12.21%	-0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.54%	13.23%	+0.31%