PUTW and XYLG are both covered call ETFs tracking the same benchmark, but with different approaches. PUTW offers a n/a yield, while XYLG provides a 12.83% 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
Global X S&P 500 Covered Call & Growth ETF
6.89
Overall Score
| Criteria | PUTW | XYLG |
|---|---|---|
| Overall Score | 6.13 6.89 | |
| Total Return (25%) | 3.71 7.58 | |
| Downside Protection (25%) | 6.98 5.05 | |
| Upside Participation (25%) | 5.96 7.83 | |
| Consistency (15%) | 8.82 8.03 | |
| Expense Ratio (5%) | 7.00 5.00 | |
| Liquidity (5%) | 5.91 6.29 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | PUTW | XYLG |
|---|---|---|
| Expense Ratio | 0.440% | 0.600% |
| Inception Date | Feb 24, 2016 | Oct 5, 2020 |
| Issuer | WisdomTree | Global X |
| 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.
Captured 78% of S&P 500 upside and 76% of the downside; the 12.8% TTM yield includes a one-off, and the regular yield is 5.6%.
Investor Profile:
XYLG tracks the Cboe S&P 500 Half BuyWrite Index. It holds the S&P 500 stocks, 506 positions, and sells one-month at-the-money calls on up to half of each holding, which leaves the rest free to follow the index. It paid a one-time distribution of $2.14 per share on Dec 30, 2025. 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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