PUTW and SIXH are both covered call ETFs tracking the same benchmark, but with different approaches. PUTW offers a n/a yield, while SIXH provides a 1.77% 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
6 Meridian Hedged Equity-Income ETF
6.21
Overall Score
| Criteria | PUTW | SIXH |
|---|---|---|
| Overall Score | 6.13 6.21 | |
| Total Return (25%) | 3.71 5.42 | |
| Downside Protection (25%) | 6.98 10.00 | |
| Upside Participation (25%) | 5.96 4.39 | |
| Consistency (15%) | 8.82 5.95 | |
| Expense Ratio (5%) | 7.00 2.75 | |
| Liquidity (5%) | 5.91 4.63 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | PUTW | SIXH |
|---|---|---|
| Expense Ratio | 0.440% | 0.780% |
| Inception Date | Feb 24, 2016 | Oct 8, 2020 |
| Issuer | WisdomTree | 6 Meridian |
| 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.
Cut the worst drawdown to -10.1% (SPY -23.9%), but pays only 1.8% and captured 44% of S&P 500 upside.
Investor Profile:
SIXH is an actively managed Exchange Traded Concepts fund that provides exposure to U.S. equities, 52 positions, and sells call options against SPY. Its largest positions are SPY (5.1%) and Altria (5.0%). The hedged label and a 20% down capture indicate a protective component, but the fund page does not describe it [to confirm with 6 Meridian]. It pays monthly.
Both funds are scored on total return, downside protection, upside participation, distribution consistency, cost and liquidity, against the same benchmark and the same window.
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