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WTPIWisdomTree Equity Premium Income Fund

Get income10y track recordRanked #442 of 1,622 in this goal

Seeks to track the price and yield performance of a cash-secured put option sales strategy.

By WisdomTree · Launched 2016

Annual Cost

0.44%

#2,165 of 5,562 · average

Fund Size

$479M

#1,597 of 5,562 · large

Dividend YieldGoal

9.67%

Track Record

10 years

#1,394 of 5,562 · established

Performance

Total-return NAV · USD
Growth of $10,000
$11,471+14.7%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

Index tracked

Volos US Large Cap Target 2.5% PutWrite Index

What it actually holds

By weight

Concentration

Top 8 holdings = 100.0% of fundconcentrated

TREASURY BILL
48.6%
TREASURY BILL
47.4%
WisdomTree Floating Rate Treasury Fund
4.4%
DREYFUS TRSY OBLIG CASH M
0.9%
CBOE GLOBAL MARKETS, INC.SPXW 12 P6805
-0.0%
CBOE GLOBAL MARKETS, INC.SPXW 12 P6945
-0.0%
CBOE GLOBAL MARKETS, INC.SPXW 12 P6805
-0.5%
CBOE GLOBAL MARKETS, INC.SPXW 12 P6945
-0.7%

Asset allocation

Bonds
107.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
9.3%Low

Year-on-year price swings

Max drawdown
-28.4%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
0.82Decent risk-adjusted returns
Sortino (3Y)
1.16Good downside protection

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks to track the price and yield performance of a cash-secured put option sales strategy.
Strategy
Employs a passive management approach to track an index that sells put options on the S&P 500 ETF (SPY) while holding U.S. Treasury bills. Aims to generate income through option premiums, targeting a premium of 2.5%.
Inception date
February 24, 2016
Fund family
WisdomTree

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

Covered call ETF — yield ≠ total return

The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.

Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Why we flagged this: strategy=option_income + option_income_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19