XV vs. WTPI

Last updated Jun 23, 2026

XV (Simplify Target 15 Distribution ETF) and WTPI (WisdomTree Equity Premium Income Fund) are both Derivative Income funds. XV is actively managed, while WTPI is passively managed. Over the past year, XV returned 13.44% vs 18.38% for WTPI. A 0.59 correlation means they provide meaningful diversification when combined. XV charges 0.75%/yr vs 0.44%/yr for WTPI.

Performance

XV vs. WTPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Target 15 Distribution ETF (XV) and WisdomTree Equity Premium Income Fund (WTPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with XV having a 4.45% return and WTPI slightly lower at 4.36%.

XV

• 1D: -0.06%
• 1M: 1.80%
• YTD: 4.45%
• 6M: 3.07%
• 1Y: 13.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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%

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

XV vs. WTPI - Yearly Performance Comparison

	2026 (YTD)	2025
XV Simplify Target 15 Distribution ETF	4.45%	16.13%
WTPI WisdomTree Equity Premium Income Fund	4.36%	21.05%

Correlation

The correlation between XV and WTPI is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (All Time) Calculated using the full available price history since Apr 15, 2025	0.59

The correlation between XV and WTPI has been stable across timeframes, ranging from 0.59 to 0.63 - a consistent structural relationship.

Return for Risk

XV vs. WTPI — Risk / Return Rank

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

XV

XV Risk / Return Rank: 46
XV Sharpe Ratio Rank: 43
XV Sortino Ratio Rank: 43
XV Omega Ratio Rank: 41
XV Calmar Ratio Rank: 49
XV Martin Ratio Rank: 53

WTPI

WTPI Risk / Return Rank: 63
WTPI Sharpe Ratio Rank: 62
WTPI Sortino Ratio Rank: 62
WTPI Omega Ratio Rank: 70
WTPI Calmar Ratio Rank: 54
WTPI Martin Ratio Rank: 68

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.

XV vs. WTPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Target 15 Distribution ETF (XV) and WisdomTree Equity Premium Income Fund (WTPI). 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.

	XV	WTPI	Difference
Sharpe ratio: Return per unit of total volatility	1.47	2.00	-0.52
Sortino ratio: Return per unit of downside risk	2.11	2.79	-0.68
Omega ratio: Gain probability vs. loss probability	1.26	1.40	-0.13
Calmar ratio: Return relative to maximum drawdown	2.35	2.58	-0.23
Martin ratio: Return relative to average drawdown	8.89	12.19	-3.30

XV vs. WTPI - Sharpe Ratio Comparison

The current XV Sharpe Ratio is 1.47, which is comparable to the WTPI Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of XV and WTPI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XV vs. WTPI - Drawdown Comparison

The maximum XV drawdown since its inception was -5.73%, smaller than the maximum WTPI drawdown of -28.40%. Use the drawdown chart below to compare losses from any high point for XV and WTPI.

Drawdown Indicators

	XV	WTPI	Difference
Max Drawdown Largest peak-to-trough decline	-5.73%	-28.40%	+22.67%
Max Drawdown (1Y) Largest decline over 1 year	-5.73%	-7.15%	+1.42%
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	-0.06%	-0.39%	+0.33%
Average Drawdown Average peak-to-trough decline	-0.98%	-3.43%	+2.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.52%	1.51%	+0.01%

Volatility

XV vs. WTPI - Volatility Comparison

Simplify Target 15 Distribution ETF (XV) and WisdomTree Equity Premium Income Fund (WTPI) have volatilities of 3.17% and 3.19%, 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.

Volatility by Period

	XV	WTPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.17%	3.19%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	6.44%	7.55%	-1.11%
Volatility (1Y) Calculated over the trailing 1-year period	9.17%	9.27%	-0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.87%	12.21%	-1.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.87%	13.26%	-2.39%

XV vs. WTPI - Expense Ratio Comparison

XV has a 0.75% expense ratio, which is higher than WTPI's 0.44% expense ratio.

Dividends

XV vs. WTPI - Dividend Comparison

XV's dividend yield for the trailing twelve months is around 18.99%, more than WTPI's 12.05% 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%
XV Simplify Target 15 Distribution ETF	18.99%	13.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XV and WTPI in my portfolio?

XV and WTPI have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XV or WTPI?

WTPI has higher volatility (3.19%) compared to XV (3.17%). In terms of maximum drawdown, XV dropped -5.73% vs WTPI's -28.40%.

Which ETF is better, XV or WTPI?

On 1-year performance, WTPI leads with 18.38% vs 13.44% for XV. On fees, WTPI is cheaper at 0.44% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XV or WTPI?

Over the 1-year period, WTPI has performed better with a 18.38% return vs 13.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XV or WTPI?

WTPI is cheaper with a 0.44% expense ratio, compared with 0.75% for XV.

Which ETF pays a higher dividend yield, XV or WTPI?

XV has the higher dividend yield at 18.99%, compared with 12.05% for WTPI.

What is the main difference between XV and WTPI?

They also come from different issuers: Simplify and WisdomTree. Their fees differ too: 0.75% for XV and 0.44% for WTPI.

Which has better risk-adjusted returns?

WTPI currently has the higher Sharpe Ratio (2.00 vs 1.47), 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.