WTPI vs. PBP
Compare and contrast key facts about WisdomTree Equity Premium Income Fund (WTPI) and Invesco S&P 500 BuyWrite ETF (PBP).
WTPI and PBP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. PBP is a passively managed fund by Invesco that tracks the performance of the Cboe S&P 500 BuyWrite Index. It was launched on Dec 20, 2007. Both WTPI and PBP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
WTPI vs. PBP - Performance Comparison
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WTPI vs. PBP - 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% |
PBP Invesco S&P 500 BuyWrite ETF | -0.63% | 8.49% | 19.83% | 11.59% | -11.82% | 19.97% | -3.31% | 14.60% | -5.57% | 11.98% |
Returns By Period
In the year-to-date period, WTPI achieves a -1.66% return, which is significantly lower than PBP's -0.63% return. Over the past 10 years, WTPI has outperformed PBP with an annualized return of 7.80%, while PBP has yielded a comparatively lower 6.74% 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%
PBP
- 1D
- 0.41%
- 1M
- -2.60%
- YTD
- -0.63%
- 6M
- 5.67%
- 1Y
- 11.15%
- 3Y*
- 10.89%
- 5Y*
- 7.57%
- 10Y*
- 6.74%
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WTPI vs. PBP - Expense Ratio Comparison
WTPI has a 0.44% expense ratio, which is higher than PBP's 0.29% expense ratio.
Return for Risk
WTPI vs. PBP — Risk / Return Rank
WTPI
PBP
WTPI vs. PBP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Equity Premium Income Fund (WTPI) and Invesco S&P 500 BuyWrite ETF (PBP). 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 | PBP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | 0.79 | +0.30 |
Sortino ratioReturn per unit of downside risk | 1.63 | 1.25 | +0.38 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.24 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.58 | 1.15 | +0.43 |
Martin ratioReturn relative to average drawdown | 8.35 | 6.53 | +1.82 |
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 | PBP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 0.79 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.64 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.49 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.33 | +0.28 |
Correlation
The correlation between WTPI and PBP is 0.69, 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
WTPI vs. PBP - Dividend Comparison
WTPI's dividend yield for the trailing twelve months is around 12.37%, more than PBP's 11.58% 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% |
PBP Invesco S&P 500 BuyWrite ETF | 11.58% | 11.12% | 9.36% | 3.35% | 1.33% | 6.21% | 1.41% | 5.04% | 2.59% | 10.86% | 2.56% | 6.19% |
Drawdowns
WTPI vs. PBP - Drawdown Comparison
The maximum WTPI drawdown since its inception was -28.40%, smaller than the maximum PBP drawdown of -43.43%. Use the drawdown chart below to compare losses from any high point for WTPI and PBP.
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Drawdown Indicators
| WTPI | PBP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.40% | -43.43% | +15.03% |
Max Drawdown (1Y)Largest decline over 1 year | -9.90% | -10.20% | +0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -16.56% | -18.61% | +2.05% |
Max Drawdown (10Y)Largest decline over 10 years | -28.40% | -33.31% | +4.91% |
Current DrawdownCurrent decline from peak | -4.73% | -2.89% | -1.84% |
Average DrawdownAverage peak-to-trough decline | -3.48% | -6.75% | +3.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 1.80% | +0.07% |
Volatility
WTPI vs. PBP - Volatility Comparison
WisdomTree Equity Premium Income Fund (WTPI) has a higher volatility of 4.76% compared to Invesco S&P 500 BuyWrite ETF (PBP) at 4.10%. This indicates that WTPI's price experiences larger fluctuations and is considered to be riskier than PBP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTPI | PBP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.76% | 4.10% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 7.82% | 5.98% | +1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.33% | 14.26% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.21% | 11.95% | +0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.23% | 13.68% | -0.45% |