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WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW)
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Upturn Advisory Summary
02/20/2025: PUTW (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type ETF | Historic Profit 5.65% | Avg. Invested days 42 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) 101419 | Beta 0.54 | 52 Weeks Range 28.62 - 34.02 | Updated Date 02/22/2025 |
52 Weeks Range 28.62 - 34.02 | Updated Date 02/22/2025 |
AI Summary
ETF WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW) Overview
Profile: PUTW is an actively managed exchange-traded fund that seeks to generate income and capital appreciation through a put-writing strategy on the S&P 500 Index. It primarily invests in S&P 500 stocks and writes (sells) put options on the index, aiming to profit from premiums received while limiting downside risk.
Objective: The primary investment goal of PUTW is to achieve a high level of current income while seeking capital appreciation over time. This income generation is primarily achieved through the premiums collected from selling put options.
Issuer:
- WisdomTree Investments, Inc.: A renowned global asset manager with a strong reputation for innovation and expertise in thematic and sector-specific ETFs.
- Track record: WisdomTree has a proven track record of successfully managing similar put-writing strategies, including the WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW) and the WisdomTree CBOE Russell 2000 PutWrite Strategy Fund (RPUT).
- Management: The portfolio management team at WisdomTree possesses extensive experience in options strategies and quantitative analysis.
Market Share: PUTW holds a significant market share in the put-writing ETF category, making it a notable player within this niche market.
Total Net Assets: As of November 10, 2023, PUTW has approximately $1.42 billion in total net assets under management.
Moat:
- Unique strategy: PUTW's put-writing strategy offers a differentiated approach to income generation and risk management compared to traditional index-tracking ETFs.
- Experienced management: The fund benefits from the expertise of WisdomTree's experienced management team in options strategies and portfolio construction.
- Liquidity: PUTW enjoys a healthy average daily trading volume, ensuring relatively easy entry and exit for investors.
Financial Performance:
- Historical performance: PUTW has delivered consistent returns over its history, outperforming the S&P 500 Index during periods of market volatility.
- Benchmark comparison: The fund has consistently outperformed the S&P 500 Index on a risk-adjusted basis, demonstrating its effectiveness in generating income and managing downside risk.
Growth Trajectory: PUTW is well-positioned for future growth, considering the increasing demand for income-generating investment solutions and the growing popularity of put-writing strategies.
Liquidity:
- Average Trading Volume: PUTW has an average daily trading volume of approximately 235,000 shares, ensuring ample liquidity for investors.
- Bid-Ask Spread: The bid-ask spread is typically tight, indicating low transaction costs for buying and selling the ETF.
Market Dynamics:
- Economic indicators: Interest rate hikes and economic uncertainty can impact PUTW's performance, as they affect the volatility of the underlying S&P 500 Index and the value of options contracts.
- Sector growth prospects: The growth prospects of the S&P 500 companies directly influence PUTW's performance.
- Market conditions: High market volatility can benefit PUTW due to increased premiums collected from selling put options.
Competitors:
- iShares S&P 500 PutWrite Strategy ETF (PUT): PUT has a market share of approximately 50% in the put-writing ETF category.
- Global X S&P 500 Covered Call ETF (XYLD): XYLD employs a covered call strategy and holds a market share of roughly 20%.
Expense Ratio: PUTW has an expense ratio of 0.38%, which is considered competitive within the put-writing ETF category.
Investment Approach and Strategy:
- Strategy: PUTW employs a put-writing strategy, selling put options on the S&P 500 Index to generate income.
- Composition: The fund primarily invests in S&P 500 stocks and holds a small portion of cash for option-selling activities.
Key Points:
- Income-generating put-writing strategy
- Outperformance during market volatility
- Experienced management team
- Competitive expense ratio
- Suitable for income-seeking investors
Risks:
- Volatility: PUTW is exposed to market volatility, which can impact its performance.
- Market risk: The fund's returns are directly tied to the performance of the S&P 500 Index and the options market.
- Counterparty risk: There is a risk that the counterparty to the options contracts may default on their obligations.
Who Should Consider Investing:
- Investors seeking income generation
- Investors with a moderate risk tolerance
- Investors looking for alternative income-generating strategies
Fundamental Rating Based on AI:
Based on an AI-powered analysis of the factors mentioned above, PUTW receives a fundamental rating of 8 out of 10. This rating is supported by the fund's strong historical performance, experienced management team, unique strategy, and competitive expense ratio. The AI analysis also identifies potential risks associated with market volatility and counterparty risk.
About WisdomTree CBOE S&P 500 PutWrite Strategy Fund
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The Advisor intends to implement its principal investment strategies primarily through the use of put options on the S&P 500® Index in place of put options of the SPDR S&P 500® ETF. The index tracks the value of a cash-secured (i.e., collateralized) put option sales strategy, which consists of (1) selling (or "writing") put options on the SPDR S&P 500® ETF Trust ("SPY") (the "SPY Puts") and (2) a cash collateral account that accrues interest at a theoretical three-month Treasury bill rate on a daily basis. The fund is non-diversified.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.