WTPI vs. XYLG
WTPI (WisdomTree Equity Premium Income Fund) and XYLG (Global X S&P 500 Covered Call & Growth ETF) are both Derivative Income funds - WTPI tracks the Volos U.S. Large Cap Target 2.5% PutWrite Index while XYLG tracks the Cboe S&P 500 Half BuyWrite Index. Both are passively managed. Over the past 5 years, WTPI returned 9.62%/yr vs 10.41%/yr for XYLG. Their correlation of 0.80 suggests significant overlap in exposure. WTPI charges 0.44%/yr vs 0.35%/yr for XYLG.
Performance
WTPI vs. XYLG - Performance Comparison
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Returns By Period
In the year-to-date period, WTPI achieves a 4.36% return, which is significantly lower than XYLG's 7.51% return.
WTPI
- 1D
- -0.18%
- 1M
- 0.45%
- YTD
- 4.36%
- 6M
- 3.64%
- 1Y
- 18.38%
- 3Y*
- 13.18%
- 5Y*
- 9.62%
- 10Y*
- 8.33%
XYLG
- 1D
- -0.20%
- 1M
- 0.64%
- YTD
- 7.51%
- 6M
- 7.25%
- 1Y
- 22.43%
- 3Y*
- 16.40%
- 5Y*
- 10.41%
- 10Y*
- —
WTPI vs. XYLG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
WTPI WisdomTree Equity Premium Income Fund | 4.36% | 14.45% | 17.18% | 15.53% | -10.11% | 20.94% | 9.36% |
XYLG Global X S&P 500 Covered Call & Growth ETF | 7.51% | 12.93% | 22.31% | 18.16% | -15.46% | 23.81% | 12.13% |
Correlation
The correlation between WTPI and XYLG is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2020 | 0.80 |
The correlation between WTPI and XYLG has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.
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Return for Risk
WTPI vs. XYLG — Risk / Return Rank
WTPI
XYLG
WTPI vs. XYLG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Equity Premium Income Fund (WTPI) and Global X S&P 500 Covered Call & Growth ETF (XYLG). 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 | XYLG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.43 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 3.25 | -0.67 |
| Martin ratioReturn relative to average drawdown | 12.19 | 16.00 | -3.81 |
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Drawdowns
WTPI vs. XYLG - Drawdown Comparison
The maximum WTPI drawdown since its inception was -28.40%, which is greater than XYLG's maximum drawdown of -21.30%. Use the drawdown chart below to compare losses from any high point for WTPI and XYLG.
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Drawdown Indicators
| WTPI | XYLG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.40% | -21.30% | -7.10% |
Max Drawdown (1Y)Largest decline over 1 year | -7.15% | -6.93% | -0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -15.26% | -17.42% | +2.16% |
Max Drawdown (5Y)Largest decline over 5 years | -16.56% | -21.30% | +4.74% |
Max Drawdown (10Y)Largest decline over 10 years | -28.40% | — | — |
Current DrawdownCurrent decline from peak | -0.39% | -0.74% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -4.07% | +0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 1.40% | +0.11% |
Volatility
WTPI vs. XYLG - Volatility Comparison
WisdomTree Equity Premium Income Fund (WTPI) and Global X S&P 500 Covered Call & Growth ETF (XYLG) have volatilities of 3.19% and 3.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTPI | XYLG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 3.31% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 8.09% | -0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.27% | 9.90% | -0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.21% | 14.06% | -1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.26% | 13.86% | -0.60% |
WTPI vs. XYLG - Expense Ratio Comparison
WTPI has a 0.44% expense ratio, which is higher than XYLG's 0.35% expense ratio.
Dividends
WTPI vs. XYLG - Dividend Comparison
WTPI's dividend yield for the trailing twelve months is around 12.05%, less than XYLG's 13.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
WTPI WisdomTree Equity Premium Income Fund | 12.05% | 13.18% | 11.99% | 8.94% | 3.27% | 0.00% | 1.43% | 1.47% | 6.46% | 3.52% | 2.27% |
XYLG Global X S&P 500 Covered Call & Growth ETF | 13.57% | 13.94% | 23.65% | 4.90% | 6.43% | 7.40% | 1.39% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WTPI and XYLG have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XYLG has higher volatility (3.31%) compared to WTPI (3.19%). In terms of maximum drawdown, WTPI dropped -28.40% vs XYLG's -21.30%.
On 5-year performance, XYLG leads with 10.41% vs 9.62% for WTPI. On fees, XYLG is cheaper at 0.35% per year. On volatility, WTPI has been the lower-risk option at 3.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, XYLG has performed better with a 10.41% return vs 9.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XYLG is cheaper with a 0.35% expense ratio, compared with 0.44% for WTPI.
XYLG has the higher dividend yield at 13.57%, compared with 12.05% for WTPI.
WTPI tracks Volos U.S. Large Cap Target 2.5% PutWrite Index, while XYLG tracks Cboe S&P 500 Half BuyWrite Index. They also come from different issuers: WisdomTree and Global X. Their fees differ too: 0.44% for WTPI and 0.35% for XYLG.
XYLG currently has the higher Sharpe Ratio (2.28 vs 2.00), 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.
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