PUTW and RSPA are both covered call ETFs tracking the same benchmark, but with different approaches. PUTW offers a n/a yield, while RSPA provides a 9.42% yield. 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
6.13
Overall Score
Invesco S&P 500 Equal Weight Income Advantage ETF
6.25
Overall Score
| Criteria | PUTW | RSPA |
|---|---|---|
| Overall Score | 6.13 6.25 | |
| Total Return (25%) | 3.71 5.78 | |
| Downside Protection (25%) | 6.98 3.65 | |
| Upside Participation (25%) | 5.96 6.84 | |
| Consistency (15%) | 8.82 10.00 | |
| Expense Ratio (5%) | 7.00 7.62 | |
| Liquidity (5%) | 5.91 6.01 |
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 | Jul 1, 2024 |
| Issuer | WisdomTree | Invesco |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 5/5 stars | 4/5 stars |
Put-writing delivered 61% of S&P 500 upside and 63% of the downside, and the April 2025 index change limits how far its history can be trusted.
Investor Profile:
Since April 4, 2025 the fund trades under the ticker WTPI and tracks the Volos US Large Cap Target 2.5% PutWrite Index. It sells put options on SPY and holds U.S. Treasury bills as collateral, 96% T-bills and 4% a Treasury floating-rate fund as of October 2026. The index replaced the earlier CBOE PUT index approach, so earlier history reflects a different strategy. It pays monthly.
Down capture of 82% against 68% up capture means the structure gave up more upside than it cushioned losses over 26 months.
Investor Profile:
RSPA is an actively managed Invesco fund of funds that holds stocks and ETFs to mirror the S&P 500 Equal Weight Index, 523 positions. It earns option income through equity-linked notes (ELNs), and about 20% of assets sit in an Invesco government money market fund. It pays monthly and charges 0.29%.
Both funds are scored on total return, downside protection, upside participation, distribution consistency, cost and liquidity, against the same benchmark and the same window.
28 covered call ETFs, rescored every month on total return, downside protection and NAV stability. One email a month, no promotions.
We store your email to send the monthly ranking. Unsubscribe any time by replying to any email. We never share or sell it.