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WTLS vs. PUTW
Performance
Return for Risk
Dividends
Drawdowns
Volatility

WTLS vs. PUTW

Last updated Apr 1, 2026

Compare and contrast key facts about WisdomTree Efficient Long/Short US Equity Fund (WTLS) and WisdomTree Equity Premium Income Fund (PUTW).

WTLS is an actively managed fund by WisdomTree. It was launched on Jan 20, 2026. 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

WTLS vs. PUTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Efficient Long/Short US Equity Fund (WTLS) and WisdomTree Equity Premium Income Fund (PUTW). The values are adjusted to include any dividend payments, if applicable.

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WTLS vs. PUTW - Yearly Performance Comparison

2026 (YTD)
WTLS
WisdomTree Efficient Long/Short US Equity Fund		-2.35%
PUTW
WisdomTree Equity Premium Income Fund		-3.44%

Returns By Period

WTLS

1D
3.22%
1M
-4.31%
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

PUTW

1D
0.00%
1M
-3.10%
YTD
-1.66%
6M
1.81%
1Y
15.49%
3Y*
13.04%
5Y*
9.37%
10Y*
7.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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WisdomTree Efficient Long/Short US Equity Fund

WisdomTree Equity Premium Income Fund

Often compared with WTLS:
WTLS vs. GDEWTLS vs. CDAZXWTLS vs. SAOAXWTLS vs. GARIXWTLS vs. VMNIXWTLS vs. ATESXWTLS vs. CRIHX
Often compared with PUTW:
PUTW vs. SPYPUTW vs. WTPIPUTW vs. JEPIPUTW vs. XYLDPUTW vs. VOOPUTW vs. QYLDPUTW vs. AGGY

WTLS vs. PUTW - Expense Ratio Comparison

WTLS has a 0.88% expense ratio, which is higher than PUTW's 0.44% expense ratio.

WTLS
WisdomTree Efficient Long/Short US Equity Fund
PUTW
WisdomTree Equity Premium Income Fund

Return for Risk

WTLS vs. PUTW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WTLS
PUTW
PUTW Risk / Return Rank: 6868
Overall Rank
PUTW Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
PUTW Sortino Ratio Rank: 6262
Sortino Ratio Rank
PUTW Omega Ratio Rank: 7171
Omega Ratio Rank
PUTW Calmar Ratio Rank: 6666
Calmar Ratio Rank
PUTW Martin Ratio Rank: 8282
Martin Ratio Rank
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.

WTLS vs. PUTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Efficient Long/Short US Equity Fund (WTLS) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

WTLS vs. PUTW - Sharpe Ratio Comparison

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Sharpe Ratios by Period

WTLSPUTWDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

1.09

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.77

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.59

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.61

0.61

-1.22

Correlation

The correlation between WTLS and PUTW is 0.80, 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.

Dividends

WTLS vs. PUTW - Dividend Comparison

WTLS has not paid dividends to shareholders, while PUTW's dividend yield for the trailing twelve months is around 12.37%.

TTM2025202420232022202120202019201820172016
WTLS
WisdomTree Efficient Long/Short US Equity Fund		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
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%

Drawdowns

WTLS vs. PUTW - Drawdown Comparison

The maximum WTLS drawdown since its inception was -8.94%, smaller than the maximum PUTW drawdown of -28.40%. Use the drawdown chart below to compare losses from any high point for WTLS and PUTW.

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Drawdown Indicators

WTLSPUTWDifference

Max Drawdown

Largest peak-to-trough decline

-8.94%

-28.40%

+19.46%

Max Drawdown (1Y)

Largest decline over 1 year

—

-9.90%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-16.56%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-28.40%

—

Current Drawdown

Current decline from peak

-6.01%

-4.73%

-1.28%

Average Drawdown

Average peak-to-trough decline

-2.84%

-3.48%

+0.64%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

1.87%

—

Volatility

WTLS vs. PUTW - Volatility Comparison

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Volatility by Period

WTLSPUTWDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

4.76%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

7.82%

—

Volatility (1Y)

Calculated over the trailing 1-year period

19.88%

14.33%

+5.55%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.88%

12.21%

+7.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.88%

13.23%

+6.65%