WTPI vs. IVVW
WTPI (WisdomTree Equity Premium Income Fund) and IVVW (iShares S&P 500 BuyWrite ETF) are both Derivative Income funds - WTPI tracks the Volos U.S. Large Cap Target 2.5% PutWrite Index while IVVW tracks the Cboe S&P 500 Enhanced 1% OTM BuyWrite Index. Both are passively managed. Over the past year, WTPI returned 19.02% vs 20.33% for IVVW. Their correlation of 0.81 suggests significant overlap in exposure. WTPI charges 0.44%/yr vs 0.25%/yr for IVVW.
Performance
WTPI vs. IVVW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WTPI achieves a 4.51% return, which is significantly lower than IVVW's 5.13% return.
WTPI
- 1D
- 0.24%
- 1M
- 1.80%
- YTD
- 4.51%
- 6M
- 4.94%
- 1Y
- 19.02%
- 3Y*
- 13.69%
- 5Y*
- 9.98%
- 10Y*
- 8.31%
IVVW
- 1D
- 0.27%
- 1M
- 1.98%
- YTD
- 5.13%
- 6M
- 6.73%
- 1Y
- 20.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WTPI vs. IVVW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WTPI WisdomTree Equity Premium Income Fund | 4.51% | 14.45% | 10.33% |
IVVW iShares S&P 500 BuyWrite ETF | 5.13% | 11.71% | 12.90% |
Correlation
The correlation between WTPI and IVVW is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2024 | 0.81 |
The correlation between WTPI and IVVW has been stable across timeframes, ranging from 0.78 to 0.81 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WTPI vs. IVVW — Risk / Return Rank
WTPI
IVVW
WTPI vs. IVVW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Equity Premium Income Fund (WTPI) and iShares S&P 500 BuyWrite ETF (IVVW). 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 | IVVW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.62 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 3.51 | -0.84 |
| Martin ratioReturn relative to average drawdown | 12.81 | 19.38 | -6.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| WTPI | IVVW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 2.76 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 1.08 | -0.43 |
Drawdowns
WTPI vs. IVVW - Drawdown Comparison
The maximum WTPI drawdown since its inception was -28.40%, which is greater than IVVW's maximum drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for WTPI and IVVW.
Loading charts...
Drawdown Indicators
| WTPI | IVVW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.40% | -16.79% | -11.61% |
Max Drawdown (1Y)Largest decline over 1 year | -7.15% | -5.81% | -1.34% |
Max Drawdown (3Y)Largest decline over 3 years | -15.26% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.56% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.40% | — | — |
Current DrawdownCurrent decline from peak | -0.03% | 0.00% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -3.44% | -1.75% | -1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 1.05% | +0.44% |
Volatility
WTPI vs. IVVW - Volatility Comparison
The current volatility for WisdomTree Equity Premium Income Fund (WTPI) is 0.86%, while iShares S&P 500 BuyWrite ETF (IVVW) has a volatility of 1.14%. This indicates that WTPI experiences smaller price fluctuations and is considered to be less risky than IVVW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WTPI | IVVW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 1.14% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 7.00% | 6.07% | +0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.86% | 7.40% | +1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.13% | 12.65% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.22% | 12.65% | +0.57% |
WTPI vs. IVVW - Expense Ratio Comparison
WTPI has a 0.44% expense ratio, which is higher than IVVW's 0.25% expense ratio.
Dividends
WTPI vs. IVVW - Dividend Comparison
WTPI's dividend yield for the trailing twelve months is around 12.03%, less than IVVW's 19.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IVVW iShares S&P 500 BuyWrite ETF | 19.65% | 18.55% | 13.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WTPI WisdomTree Equity Premium Income Fund | 12.03% | 13.18% | 11.99% | 8.94% | 3.27% | 0.00% | 1.43% | 1.47% | 6.46% | 3.52% | 2.27% |
Frequently Asked Questions
WTPI and IVVW have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVVW has higher volatility (1.14%) compared to WTPI (0.86%). In terms of maximum drawdown, WTPI dropped -28.40% vs IVVW's -16.79%.
On 1-year performance, IVVW leads with 20.33% vs 19.02% for WTPI. On fees, IVVW is cheaper at 0.25% per year. On volatility, WTPI has been the lower-risk option at 0.86%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IVVW has performed better with a 20.33% return vs 19.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVVW is cheaper with a 0.25% expense ratio, compared with 0.44% for WTPI.
IVVW has the higher dividend yield at 19.65%, compared with 12.03% for WTPI.
WTPI tracks Volos U.S. Large Cap Target 2.5% PutWrite Index, while IVVW tracks Cboe S&P 500 Enhanced 1% OTM BuyWrite Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.44% for WTPI and 0.25% for IVVW.
IVVW currently has the higher Sharpe Ratio (2.76 vs 2.16), 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.
Find the right allocation for WTPI and IVVW
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer