WTPI vs. SPUT
Compare and contrast key facts about WisdomTree Equity Premium Income Fund (WTPI) and Innovator Equity Premium Income Daily PutWrite ETF (SPUT).
WTPI and SPUT 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. SPUT is an actively managed fund by Innovator. It was launched on Mar 13, 2025.
Performance
WTPI vs. SPUT - Performance Comparison
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WTPI vs. SPUT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WTPI WisdomTree Equity Premium Income Fund | -1.66% | 17.74% |
SPUT Innovator Equity Premium Income Daily PutWrite ETF | -1.53% | 13.20% |
Returns By Period
In the year-to-date period, WTPI achieves a -1.66% return, which is significantly lower than SPUT's -1.53% return.
WTPI
- 1D
- 2.60%
- 1M
- -3.50%
- YTD
- -1.66%
- 6M
- 1.99%
- 1Y
- 15.64%
- 3Y*
- 13.04%
- 5Y*
- 9.37%
- 10Y*
- 7.80%
SPUT
- 1D
- 1.33%
- 1M
- -1.85%
- YTD
- -1.53%
- 6M
- 0.99%
- 1Y
- 12.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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WTPI vs. SPUT - Expense Ratio Comparison
WTPI has a 0.44% expense ratio, which is lower than SPUT's 0.79% expense ratio.
Return for Risk
WTPI vs. SPUT — Risk / Return Rank
WTPI
SPUT
WTPI vs. SPUT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Equity Premium Income Fund (WTPI) and Innovator Equity Premium Income Daily PutWrite ETF (SPUT). 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 | SPUT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 1.01 | +0.09 |
Sortino ratioReturn per unit of downside risk | 1.65 | 1.33 | +0.31 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.26 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.33 | +0.30 |
Martin ratioReturn relative to average drawdown | 8.70 | 7.51 | +1.19 |
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 | SPUT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 1.01 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.93 | -0.32 |
Correlation
The correlation between WTPI and SPUT is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
WTPI vs. SPUT - Dividend Comparison
WTPI's dividend yield for the trailing twelve months is around 12.37%, more than SPUT's 6.04% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPUT Innovator Equity Premium Income Daily PutWrite ETF | 6.04% | 4.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
WTPI vs. SPUT - Drawdown Comparison
The maximum WTPI drawdown since its inception was -28.40%, which is greater than SPUT's maximum drawdown of -10.55%. Use the drawdown chart below to compare losses from any high point for WTPI and SPUT.
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Drawdown Indicators
| WTPI | SPUT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.40% | -10.55% | -17.85% |
Max Drawdown (1Y)Largest decline over 1 year | -9.90% | -9.52% | -0.38% |
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 | -4.73% | -2.35% | -2.38% |
Average DrawdownAverage peak-to-trough decline | -3.48% | -0.98% | -2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 1.68% | +0.17% |
Volatility
WTPI vs. SPUT - Volatility Comparison
WisdomTree Equity Premium Income Fund (WTPI) has a higher volatility of 4.77% compared to Innovator Equity Premium Income Daily PutWrite ETF (SPUT) at 3.53%. This indicates that WTPI's price experiences larger fluctuations and is considered to be riskier than SPUT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTPI | SPUT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 3.53% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 7.82% | 6.12% | +1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.33% | 12.02% | +2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.21% | 11.92% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.23% | 11.92% | +1.31% |