PUTW and FTHI 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 FTHI provides ~8% yield targeting investor seeking actively managed covered call strategy. 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
First Trust BuyWrite Income ETF
5.1
Overall Score
| Criteria | PUTW | FTHI |
|---|---|---|
| Overall Score | 5.5 5.1 | |
| Total Return (25%) | 3.7 3.9 | |
| Downside Protection (25%) | 6.9 5.9 | |
| Upside Participation (25%) | 6.0 6.4 | |
| Consistency (15%) | 5.0 4.8 | |
| Expense Ratio (5%) | 7.0 1.9 | |
| Liquidity (5%) | 5.9 5.3 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | PUTW | FTHI |
|---|---|---|
| Expense Ratio | 0.440% | 0.850% |
| Inception Date | Feb 24, 2016 | Jan 6, 2014 |
| Issuer | WisdomTree | First Trust |
| 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
Underrated fund with solid track record — the high expense ratio is the main drag
Investor Profile:
Investor seeking actively managed covered call strategy