WTPI vs. PUTW
WTPI (WisdomTree Equity Premium Income Fund) and PUTW (WisdomTree PutWrite Strategy Fund) are both Derivative Income funds from WisdomTree tracking the Volos U.S. Large Cap Target 2.5% PutWrite Index. Both are passively managed. Their correlation of 0.92 means they have usually moved in the same direction. Both charge a 0.44% expense ratio.
Performance
WTPI vs. PUTW - Performance Comparison
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Returns By Period
WTPI
- 1D
- 0.55%
- 1M
- 0.95%
- 6M
- 2.85%
- YTD
- 5.32%
- 1Y
- 16.02%
- 3Y*
- 12.46%
- 5Y*
- 9.43%
- 10Y*
- 8.14%
- ALL TIME*
- 8.55%
PUTW
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.48M | $3.05M | $2.95M |
WTPI vs. PUTW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WTPI WisdomTree Equity Premium Income Fund | 5.32% | 14.45% | 17.18% | 15.53% | -10.11% | 20.94% | 1.65% | 13.55% | -7.16% | 10.09% |
PUTW WisdomTree PutWrite Strategy Fund | 0.00% | -2.80% | 17.19% | 14.01% | -11.11% | 20.92% | 1.67% | 13.55% | -8.07% | 9.88% |
Correlation
The correlation between WTPI and PUTW is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016 | 0.92 |
The correlation between WTPI and PUTW shifts across timeframes, from 0.74 (3 years) to 0.92 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WTPI vs. PUTW — Risk / Return Rank
WTPI
PUTW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
WTPI vs. PUTW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Equity Premium Income Fund (WTPI) and WisdomTree PutWrite Strategy 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.
| WTPI | PUTW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.30 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | — | — |
| Martin ratioReturn relative to average drawdown | 9.57 | — | — |
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Drawdowns
WTPI vs. PUTW - Drawdown Comparison
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Drawdown Indicators
| WTPI | PUTW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.40% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -7.15% | — | — |
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 | 0.00% | — | — |
Average DrawdownAverage peak-to-trough decline | -3.40% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | — | — |
Volatility
WTPI vs. PUTW - Volatility Comparison
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Volatility by Period
| WTPI | PUTW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.46% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.47% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.54% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.22% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.25% | — | — |
WTPI vs. PUTW - Expense Ratio Comparison
Both WTPI and PUTW have an expense ratio of 0.44%.
Dividends
WTPI vs. PUTW - Dividend Comparison
WTPI's dividend yield for the trailing twelve months is around 12.22%, while PUTW has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
PUTW WisdomTree PutWrite Strategy Fund | 0.00% | 4.16% | 11.99% | 7.63% | 2.16% | 0.00% | 1.43% | 1.47% | 5.49% | 3.33% | 2.27% |
WTPI WisdomTree Equity Premium Income Fund | 12.22% | 13.18% | 11.99% | 8.94% | 3.27% | 0.00% | 1.43% | 1.47% | 6.46% | 3.52% | 2.27% |
Frequently Asked Questions
With a correlation of 0.92, WTPI and PUTW move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.44% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
WTPI and PUTW have the same expense ratio: 0.44% per year.
WTPI has the higher dividend yield at 12.22%, compared with 0.00% for PUTW.
Both ETFs track Volos U.S. Large Cap Target 2.5% PutWrite Index.
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