WTPI vs. PUTW

Last updated Jul 14, 2026

WTPI (WisdomTree Equity Premium Income Fund) and PUTW (WisdomTree Equity Premium Income 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 0.93 suggests significant overlap in exposure. Both charge a 0.44% expense ratio.

Performance

WTPI vs. PUTW - Performance Comparison

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

Returns By Period

WTPI

• 1D: -0.42%
• 1M: 1.16%
• 6M: 2.44%
• YTD: 4.68%
• 1Y: 15.32%
• 3Y*: 12.74%
• 5Y*: 9.49%
• 10Y*: 8.11%

PUTW

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

WTPI vs. PUTW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WTPI WisdomTree Equity Premium Income Fund	4.68%	14.45%	17.18%	15.53%	-10.11%	20.94%	1.65%	13.55%	-7.16%	10.09%
PUTW WisdomTree Equity Premium Income 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 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016	0.93

The correlation between WTPI and PUTW shifts across timeframes, from 0.75 (3 years) to 0.93 (all time), reflecting how their relationship changes across market environments.

Return for Risk

WTPI vs. PUTW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WTPI

WTPI Risk / Return Rank: 64
WTPI Sharpe Ratio Rank: 63
WTPI Sortino Ratio Rank: 62
WTPI Omega Ratio Rank: 70
WTPI Calmar Ratio Rank: 54
WTPI Martin Ratio Rank: 69

PUTW

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

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.

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 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.

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 ratio: Return per unit of total volatility	1.65	—	—
Sortino ratio: Return per unit of downside risk	2.32	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.15	—	—
Martin ratio: Return relative to average drawdown	10.06	—	—

Drawdowns

Drawdown Indicators

	WTPI	PUTW	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-0.42%	—	—
Average Drawdown Average peak-to-trough decline	-3.41%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.53%	—	—

Volatility

Volatility by Period

	WTPI	PUTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.81%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.47%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.33%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.22%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.24%	—	—

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 12.17%, while PUTW has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
PUTW WisdomTree Equity Premium Income 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	12.17%	13.18%	11.99%	8.94%	3.27%	0.00%	1.43%	1.47%	6.46%	3.52%	2.27%

Frequently Asked Questions

Can I hold both WTPI and PUTW in my portfolio?

With a correlation of 0.93, 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.