Rankings / PUTW
WisdomTree PutWrite Strategy Fund
6.1
Overall Score
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.
The fund holds US Treasury bills as collateral and sells cash-secured put options on the S&P 500 Index. The premium collected from put sales is distributed quarterly. When the index rises, the puts expire worthless and the fund keeps the premium. When the index falls, the fund absorbs losses up to the strike price, partially offset by the premium received. The strategy does not hold equities and does not participate in index gains beyond the premium collected.
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.
Cumulative total return of PUTW against SPY, distributions reinvested.
Cumulative total return, rebased to 0% at the start of each period. Distributions reinvested. Data through end of previous month.
Calendar-year total return, distributions reinvested.
| Year | PUTW | SPY |
|---|---|---|
| 2026 YTD | +7.38% | +12.71% |
| 2025 | +14.42% | +17.72% |
| 2024 | +17.15% | +24.89% |
| 2023 | +15.51% | +26.19% |
| 2022 | -10.13% | -18.17% |
| 2021 | +20.94% | +28.75% |
| 2020 | +1.65% | +18.37% |
| 2019 | +9.92% | n/a |
Historical years are frozen. YTD is refreshed monthly.
Composite score from six weighted criteria, measured since inception.
Performance since inception against the benchmark.
How much of the benchmark drawdown the fund absorbed.
How much of the benchmark rally the fund kept.
Frequency of distribution cuts below 85% of the previous payment.
Inversely proportional to the annual management fee.
Assets under management on a log scale.
Sector and geographic composition of PUTW underlying holdings.
| # | Symbol | Name | Weight |
|---|---|---|---|
| 1 | 912797UM7 | TREASURY BILL 0 11/5/2026 | 49.70% |
| 2 | 912797VT1 | TREASURY BILL 0 1/14/2027 | 49.31% |
| 3 | USFR | WISDOMTREE FLOATING RATE TRE | 4.47% |
Holdings data from fund disclosures, updated periodically. Percentages may not sum to 100% due to cash, options, and other positions not shown.
The same six criteria, applied to different trailing periods. Pro subscribers see the full breakdown.
Since inception
6.1
3 years
7.1
1 year
7.9
3 months
9.1
How has PUTW ranked across inception, 3 years, 1 year, and 3 months? Pro subscribers can compare a fund's trajectory over every window, across all 28 funds.
Unlock all 4 windows — $34/monthCancel anytime. Full monthly history included.
Expense Ratio
0.440%
Inception Date
February 24, 2016
Benchmark
SPY
Category
Covered Call - Large Cap
Distribution Frequency
Monthly
Maturity Rating
5/5 stars
Scores calculated using CoveredRank methodology. Every formula is published and reproducible.
See full methodology→Disclaimer: CoveredRank provides independent educational content only. This is not financial advice. Please consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results.