ETF Evaluator:
WisdomTree Equity Premium Income Fund ()
Follow This ETF
(as of Nov 13)
Best Performing in Derivative Income - Diversified Over the Last Year
| 24.9% | Federated Hermes Enhanced Income ETF (PAYR) |
| 21.1% | Amplify COWS Covered Call ETF (HCOW) |
| 20.5% | Parametric Equity Premium Income ETF (PAPI) |
| 20.2% | First Trust Small Cp BuyWrt Inc ETF (FTKI) |
| 19.9% | Cullen Enhanced Equity Income ETF (DIVP) |
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Risk
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ETF Details
WisdomTree Equity Premium Income Fund Overview
WisdomTree Equity Premium Income Fund (WTPI) is a passively managed Nontraditional Equity Derivative Income - Diversified exchange-traded fund (ETF). WisdomTree launched the ETF in 2016.
The investment seeks to track the price and yield performance of the Volos US Large Cap Target 2.5% PutWrite Index.
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.
About WisdomTree Equity Premium Income Fund (WTPI)
There are 2 members of the management team with an average tenure of 7.93 years: Torrey Zaches (2021) and James Stavena (2016). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Volos US Large Cap Tgt 2.5% PW TR USD index with a weighting of 100%. WisdomTree Equity Premium Income Fund has 7 securities in its portfolio. The top 10 holdings constitute 107.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
WisdomTree Equity Premium Income Fund is part of the Equity global asset class and is within the Nontraditional Equity ETF group. WisdomTree Equity Premium Income Fund has -0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is -3.7% There is -0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 4.5% (4.5% domestic bond, 0.0% foreign bond and 0.0% convertible bond). WisdomTree Equity Premium Income Fund has 99.2% of the portfolio in cash.
Assets Under Management
The fund has $559 million in total assets, which is below the $1 billion average for the Derivative Income - Diversified category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
WTPI Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The WisdomTree Equity Premium Income Fund expense ratio is average compared to funds in the Derivative Income - Diversified category. WisdomTree Equity Premium Income Fund has an expense ratio of 0.44%, which is 40% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. WisdomTree Equity Premium Income Fund has a portfolio turnover rate of 11%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 65% for the Derivative Income - Diversified category.
Recently, in the month of October 2026, WisdomTree Equity Premium Income Fund returned -0.3%, which earned it a grade of C, as the Derivative Income - Diversified category had an average return of -2.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
WisdomTree Equity Premium Income Fund has a trailing yield of 4.73%, which is below the 6.26% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
WisdomTree Equity Premium Income Fund Grades
Year to date, the ETF has returned 6.5%, 2.4 percentage points worse than the category, which translates into a grade of F. The fund has returned 9.0% over the past year (grade of D), 15.4% over the past three years (grade of C) and 8.7% per year over the past five years (grade of B) and 8.1% per year over the past 10 years (grade of C).
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WTPI Trailing NAV Total Returns Data as of 10/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| WTPI Return (NAV) | -0.3% | 1.7% | 9.0% | 15.4% | 8.7% | 8.1% |
| WTPI Return (Price) | -0.3% | 1.7% | 9.4% | 15.5% | 8.7% | 8.1% |
| NAV +/- Price Return | -0.050% | 0.042% | -0.356% | -0.053% | -0.034% | 0.005% |
| Derivative Income - Diversified Avg | -2.0% | 0.9% | 10.1% | 16.5% | 8.1% | 8.1% |
| WTPI Grade (NAV) | C | B | D | C | B | C |
| +/- Category (NAV) | 1.6% | 0.8% | -1.1% | -1.1% | 0.6% | 0.1% |
| WTPI Tax-Cost Ratio | na | na | 3.2% | 3.1% | 2.2% | 1.6% |
WTPI Annual NAV Total ReturnsData as of 10/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| WTPI Return (NAV) | 6.5% | 14.7% | 17.0% | 15.9% | -10.4% | 21.2% | 1.7% | 13.0% | -6.6% | 10.3% | na |
| WTPI Return (Price) | 7.1% | 14.4% | 17.2% | 15.5% | -10.1% | 20.9% | 1.7% | 13.6% | -7.1% | 10.1% | na |
| NAV +/- Price Ret | 0.085% | -0.022% | 0.009% | -0.022% | -0.025% | -0.011% | -0.023% | 4.5% | 7.2% | -2.0% | na |
| Derivative Income - Diversified Avg | 8.9% | 13.8% | 15.9% | 16.3% | -11.8% | 19.1% | 3.7% | 19.2% | -5.9% | 14.0% | 7.1% |
| WTPI Grade (NAV) | F | C | C | C | C | C | C | F | D | F | na |
| +/- Category | -2.4% | 0.9% | 1.1% | -0.4% | 1.5% | 2.0% | -2.0% | -6.3% | -0.7% | -3.7% | na |
| Risk Measures | |
| Beta: | 0.54 |
| R-Squared: | 88% |
| Standard Deviation: | 7.4% |
| Category Risk Index: | 0.71 |
| Category Risk Rating: | Low |
| Total Risk Index: | 0.61 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 4.7% |
| Total Assets: | $ 559 Mil |
| Share Class Assets: | $ 559 Mil |
| Turnover: | 11.0% |
| Expense Ratio: | 0.44% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 10.7 years | |||
| Average Tenure: 7.9 years | |||
| Managers (Year): Stavena James (2016), Zaches Torrey (2021) | |||
Portfolio Composition (as of 10/30/26)
| # of Holdings: | 7 |
| % in Top 10 Holdings: | 107.5% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | -0.0% |
Portfolio Allocation |
|
| Domestic Stock: | -3.7% |
| Foreign Stock: | -0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 4.5% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 99.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | WisdomTree |
| Phone Number: | 866-909-9473 |
| Website: | www.wisdomtree.com |
| Inception Date: | February 24, 2016 |
Expenses and Fees
| Expense Ratio (%): | 0.44% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.73% |
