TCBIX vs. PUTW
TCBIX (The Covered Bridge Fund) and PUTW (WisdomTree Equity Premium Income Fund) are both Derivative Income funds. Over the past 10 years, TCBIX returned 7.82%/yr vs 8.20%/yr for PUTW. A 0.59 correlation means they provide meaningful diversification when combined. TCBIX charges 1.40%/yr vs 0.44%/yr for PUTW.
Performance
TCBIX vs. PUTW - Performance Comparison
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Returns By Period
In the year-to-date period, TCBIX achieves a 7.52% return, which is significantly higher than PUTW's 3.16% return. Both investments have delivered pretty close results over the past 10 years, with TCBIX having a 7.82% annualized return and PUTW not far ahead at 8.20%.
TCBIX
- 1D
- -0.42%
- 1M
- -1.96%
- YTD
- 7.52%
- 6M
- 7.64%
- 1Y
- 16.39%
- 3Y*
- 10.19%
- 5Y*
- 6.36%
- 10Y*
- 7.82%
PUTW
- 1D
- -1.14%
- 1M
- -0.70%
- YTD
- 3.16%
- 6M
- 2.00%
- 1Y
- 16.19%
- 3Y*
- 12.75%
- 5Y*
- 9.33%
- 10Y*
- 8.20%
TCBIX vs. PUTW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TCBIX The Covered Bridge Fund | 7.52% | 12.61% | 4.09% | 4.09% | 0.05% | 18.21% | -1.71% | 18.73% | -3.93% | 9.66% |
PUTW WisdomTree Equity Premium Income Fund | 3.16% | 14.45% | 17.18% | 15.53% | -10.11% | 20.94% | 1.65% | 13.55% | -7.16% | 10.09% |
Correlation
The correlation between TCBIX and PUTW is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016 | 0.59 |
The correlation between TCBIX and PUTW shifts across timeframes, from 0.48 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TCBIX vs. PUTW — Risk / Return Rank
TCBIX
PUTW
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.
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.
| TCBIX | PUTW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.35 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 2.27 | +0.96 |
| Martin ratioReturn relative to average drawdown | 10.84 | 10.71 | +0.13 |
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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.
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Drawdown Indicators
| TCBIX | PUTW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.94% | -28.40% | -0.54% |
Max Drawdown (1Y)Largest decline over 1 year | -5.26% | -7.15% | +1.89% |
Max Drawdown (3Y)Largest decline over 3 years | -12.73% | -15.26% | +2.53% |
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 DrawdownCurrent decline from peak | -3.17% | -1.53% | -1.64% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -3.43% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 1.51% | +0.05% |
Volatility
TCBIX vs. PUTW - Volatility Comparison
The current volatility for The Covered Bridge Fund (TCBIX) is 2.75%, while WisdomTree Equity Premium Income Fund (PUTW) has a volatility of 3.40%. 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.
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Volatility by Period
| TCBIX | PUTW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.75% | 3.40% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 6.13% | 7.61% | -1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.77% | 9.33% | -0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.18% | 12.22% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.56% | 13.26% | +0.30% |
TCBIX vs. PUTW - Expense Ratio Comparison
TCBIX has a 1.40% expense ratio, which is higher than PUTW's 0.44% expense ratio.
Dividends
TCBIX vs. PUTW - Dividend Comparison
TCBIX's dividend yield for the trailing twelve months is around 8.24%, less than PUTW's 12.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PUTW WisdomTree Equity Premium Income Fund | 12.19% | 13.18% | 11.99% | 8.94% | 3.27% | 0.00% | 1.43% | 1.47% | 6.46% | 3.52% | 2.27% | 0.00% |
TCBIX The Covered Bridge Fund | 8.24% | 8.24% | 7.47% | 7.34% | 8.09% | 6.00% | 4.70% | 6.77% | 11.55% | 7.32% | 7.32% | 5.36% |
Frequently Asked Questions
TCBIX and PUTW have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PUTW has higher volatility (3.40%) compared to TCBIX (2.75%). In terms of maximum drawdown, TCBIX dropped -28.94% vs PUTW's -28.40%.
TCBIX currently has the higher Sharpe Ratio (1.94 vs 1.75), 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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