PUTW and RSPA 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 RSPA provides ~7.8% yield targeting income investors who want s&p 500 exposure with less mega-cap concentration and monthly distributions. 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
Invesco S&P 500 Equal Weight Income Advantage ETF
6.2
Overall Score
| Criteria | PUTW | RSPA |
|---|---|---|
| Overall Score | 5.5 6.2 | |
| Total Return (25%) | 3.7 5.6 | |
| Downside Protection (25%) | 6.9 6.9 | |
| Upside Participation (25%) | 6.0 6.2 | |
| Consistency (15%) | 5.0 5.7 | |
| Expense Ratio (5%) | 7.0 7.6 | |
| Liquidity (5%) | 5.9 6.0 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | PUTW | RSPA |
|---|---|---|
| Expense Ratio | 0.440% | 0.390% |
| Inception Date | Feb 24, 2016 | Jan 1, 2022 |
| Issuer | WisdomTree | Invesco |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 5/5 stars | 4/5 stars |
Interesting alternative to traditional covered calls — similar economics, different mechanics
Investor Profile:
Sophisticated investor seeking income via put writing strategy
Unique equal-weight approach differentiates it from all other SPY-benchmarked covered call ETFs.
Investor Profile:
Income investors who want S&P 500 exposure with less mega-cap concentration and monthly distributions