PUTW and ETV 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 ETV provides ~8% yield targeting income investor comfortable with cef structure seeking long track record. 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
Eaton Vance Tax-Managed Buy-Write Opportunities
5.5
Overall Score
| Criteria | PUTW | ETV |
|---|---|---|
| Overall Score | 5.5 5.5 | |
| Total Return (25%) | 3.7 5.8 | |
| Downside Protection (25%) | 6.9 3.5 | |
| Upside Participation (25%) | 6.0 8.2 | |
| Consistency (15%) | 5.0 5.0 | |
| Expense Ratio (5%) | 7.0 1.4 | |
| Liquidity (5%) | 5.9 5.0 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | PUTW | ETV |
|---|---|---|
| Expense Ratio | 0.440% | 0.890% |
| Inception Date | Feb 24, 2016 | Sep 30, 2005 |
| Issuer | WisdomTree | Eaton Vance |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 5/5 stars | 5/5 stars |
Interesting alternative to traditional covered calls — similar economics, different mechanics
Investor Profile:
Sophisticated investor seeking income via put writing strategy
Historical value for stress-testing — but newer ETF alternatives offer better structure and lower fees
Investor Profile:
Income investor comfortable with CEF structure seeking long track record