WTPI vs. FAFRX
Compare and contrast key facts about WisdomTree Equity Premium Income Fund (WTPI) and Franklin Floating Rate Daily Access Fund Class A (FAFRX).
WTPI 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. FAFRX is an actively managed fund by Franklin Templeton. It was launched on May 1, 2001.
Performance
WTPI vs. FAFRX - Performance Comparison
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WTPI vs. FAFRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WTPI 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% |
FAFRX Franklin Floating Rate Daily Access Fund Class A | -1.24% | 4.41% | 8.25% | 14.10% | -1.75% | 8.41% | -4.37% | 3.17% | 0.57% | 2.19% |
Returns By Period
In the year-to-date period, WTPI achieves a -1.66% return, which is significantly lower than FAFRX's -1.24% return. Over the past 10 years, WTPI has outperformed FAFRX with an annualized return of 7.80%, while FAFRX has yielded a comparatively lower 4.23% annualized return.
WTPI
- 1D
- 0.00%
- 1M
- -3.10%
- YTD
- -1.66%
- 6M
- 1.81%
- 1Y
- 15.49%
- 3Y*
- 13.04%
- 5Y*
- 9.37%
- 10Y*
- 7.80%
FAFRX
- 1D
- 0.14%
- 1M
- -0.28%
- YTD
- -1.24%
- 6M
- -0.55%
- 1Y
- 3.20%
- 3Y*
- 6.88%
- 5Y*
- 5.81%
- 10Y*
- 4.23%
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WTPI vs. FAFRX - Expense Ratio Comparison
WTPI has a 0.44% expense ratio, which is lower than FAFRX's 0.95% expense ratio.
Return for Risk
WTPI vs. FAFRX — Risk / Return Rank
WTPI
FAFRX
WTPI vs. FAFRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Equity Premium Income Fund (WTPI) and Franklin Floating Rate Daily Access Fund Class A (FAFRX). 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.
| WTPI | FAFRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | 0.92 | +0.17 |
Sortino ratioReturn per unit of downside risk | 1.63 | 1.49 | +0.15 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.24 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.58 | 1.42 | +0.16 |
Martin ratioReturn relative to average drawdown | 8.35 | 4.92 | +3.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WTPI | FAFRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 0.92 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 1.77 | -1.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 1.11 | -0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 1.10 | -0.50 |
Correlation
The correlation between WTPI and FAFRX is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
WTPI vs. FAFRX - Dividend Comparison
WTPI's dividend yield for the trailing twelve months is around 12.37%, more than FAFRX's 7.17% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WTPI 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% |
FAFRX Franklin Floating Rate Daily Access Fund Class A | 7.17% | 7.76% | 9.17% | 7.43% | 5.59% | 3.47% | 4.52% | 5.38% | 4.92% | 3.55% | 4.33% | 4.84% |
Drawdowns
WTPI vs. FAFRX - Drawdown Comparison
The maximum WTPI drawdown since its inception was -28.40%, which is greater than FAFRX's maximum drawdown of -25.94%. Use the drawdown chart below to compare losses from any high point for WTPI and FAFRX.
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Drawdown Indicators
| WTPI | FAFRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.40% | -25.94% | -2.46% |
Max Drawdown (1Y)Largest decline over 1 year | -9.90% | -2.26% | -7.64% |
Max Drawdown (5Y)Largest decline over 5 years | -16.56% | -6.28% | -10.28% |
Max Drawdown (10Y)Largest decline over 10 years | -28.40% | -18.09% | -10.31% |
Current DrawdownCurrent decline from peak | -4.73% | -1.64% | -3.09% |
Average DrawdownAverage peak-to-trough decline | -3.48% | -1.58% | -1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 0.69% | +1.18% |
Volatility
WTPI vs. FAFRX - Volatility Comparison
WisdomTree Equity Premium Income Fund (WTPI) has a higher volatility of 4.76% compared to Franklin Floating Rate Daily Access Fund Class A (FAFRX) at 0.87%. This indicates that WTPI's price experiences larger fluctuations and is considered to be riskier than FAFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTPI | FAFRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.76% | 0.87% | +3.89% |
Volatility (6M)Calculated over the trailing 6-month period | 7.82% | 2.23% | +5.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.33% | 3.39% | +10.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.21% | 3.30% | +8.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.23% | 3.83% | +9.40% |