PUTW and BALI are both covered call ETFs tracking the same benchmark, but with different approaches. PUTW offers ~8% yield with a focus on sophisticated investor seeking income via put writing strategy, while BALI provides ~8% yield targeting cost-conscious investor seeking passive s&p 500 covered call exposure. Compare their scores, yields, and performance metrics to find the best fit for your portfolio.
Compare covered call ETFs with the same benchmark side by side
WisdomTree PutWrite Strategy Fund
5.5
Overall Score
iShares S&P 500 BuyWrite ETF
6.2
Overall Score
| Criteria | PUTW | BALI |
|---|---|---|
| Overall Score | 5.5 6.2 | |
| Total Return (25%) | 3.7 8.5 | |
| Downside Protection (25%) | 6.9 1.6 | |
| Upside Participation (25%) | 6.0 8.9 | |
| Consistency (15%) | 5.0 5.2 | |
| Expense Ratio (5%) | 7.0 9.4 | |
| Liquidity (5%) | 5.9 4.9 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | PUTW | BALI |
|---|---|---|
| Expense Ratio | 0.440% | 0.250% |
| Inception Date | Feb 24, 2016 | Oct 18, 2022 |
| Issuer | WisdomTree | BlackRock |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 5/5 stars | 3/5 stars |
Interesting alternative to traditional covered calls — similar economics, different mechanics
Investor Profile:
Sophisticated investor seeking income via put writing strategy
The cheapest S&P 500 covered call ETF — but 2-star maturity and very low downside protection are concerns
Investor Profile:
Cost-conscious investor seeking passive S&P 500 covered call exposure