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WZRD vs YLDE

Opportunistic Trader ETF

WZRDDCboe

Franklin ClearBridge Enhanced Income ETF

YLDEANasdaq

Overlap

Expense ratio

YLDE −0.52pt a year

WZRD1.00%YLDE0.48%

Avg volume · 30D

YLDE 1.2×the volume

WZRD10.6KYLDE12.9K

WZRD vs YLDE Performance

Oct 31, 2025 – Oct 30, 2026

−100.0%WZRD+16.1%YLDE

Oct 31, 2025 to Oct 30, 2026. WZRD −100.0%. YLDE +16.1%. Use the arrow keys to read each point.100%200%300%400%Oct 2025Apr 2026Oct 2026
Expense ratio
WZRD 1.00%
YLDE 0.48%, better
Fund size
WZRD $1M
YLDE $181M
1Y total return
WZRD −100.0%
YLDE +16.1%, better
Yield (12M)
WZRD No data
YLDE 7.23%
Holdings
WZRD 2
YLDE 50
Avg volume (30D)
WZRD 10.6K sh
YLDE 12.9K sh, better
NAV per share
WZRD $8.65
YLDE $57.43
52W range

ETF.net Grade

WZRD: Cost 39, Risk 31, Mission not scored, Tradability 8, Holdings not scored, Durability 16. YLDE: Cost 86, Risk 68, Mission not scored, Tradability 77, Holdings 84, Durability 90.
Pillar letters and Scores for WZRD, YLDE, with each pillar’s weight
PillarWZRDYLDE
Cost30% weightD39A86Higher
Mission25% weightNot scoredNot scored
Risk15% weightD31B68Higher
Tradability15% weightF8A77Higher
Holdings10% weightNot scoredA84
Durability5% weightF16A90Higher

Rank among Active Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. WZRD and YLDE are both graded against the same 50 Active Option Income funds, so their Grades compare head to head.

Active Option Income⁠

Category · 50 funds
See all 50 ›

YLDE ranks 2nd and WZRD 40th of 50 funds in the Active Option Income Category.

  1. Rank 1ARECIColumbia Research Enhanced Core Premium Income ETScore 83
  2. Rank 2ATCALT. Rowe Price Capital Appreciation Premium Income ETFScore 80
  3. Rank 2AYLDEFranklin ClearBridge Enhanced Income ETFScore 80
  4. Rank 4APAYRFederated Hermes Enhanced Income ETFScore 76
  5. Rank 40DMINYYieldMax Strategic Metals & Mining Portfolio Option Income ETFScore 28
  6. Rank 40DWZRDOpportunistic Trader ETFScore 28
  7. Rank 42FKEOKurv Equity Option Income ETFScore 24

Our read on each fund

ETF.net Research

WZRDDOpportunistic Trader ETF

YLDEAFranklin ClearBridge Enhanced Income ETF

In short

WZRD No data

YLDE A 2017 ClearBridge dividend portfolio that had an income engine bolted on in 2025: about 50 large-cap dividend payers, with index calls sold on top for premium. Pays monthly, charges 0.48%, no waiver, below the category median.

Stated mandate

WZRD No data

YLDE The Fund seeks income and long-term capital appreciation through an actively managed enhanced equity-income strategy. It primarily invests in dividend-paying equities and writes U.S. exchange-traded calls on U.S. large-cap equity indices to enhance income.

Why people hold it

WZRD No data

  • YLDE The overlay sits on top of the stock picks, not inside them. Calls are written on U.S. large-cap indices such as the S&P 500, so no single holding has its own upside sold away.franklintempleton.com
  • 0.48% with no fee waiver propping it up, below the median for active overlay funds. Cheaper than RDVI at 0.75%, though index-built rivals RECI (0.30%) and TCAL (0.34%) go lower.
  • Two desks, two jobs: ClearBridge runs the roughly 50-stock dividend sleeve, while a separate options manager handles the call writing, an arrangement spelled out in the fund's filings.sec.gov
  • Income arrives monthly and comes from two places, dividends from the equity sleeve plus premium from written calls, rather than from reaching for the highest-yielding names.franklintempleton.com

Worth knowing

WZRD No data

  • YLDE The ticker dates to 2017, but it spent most of that life as a dividend ESG fund. The enhanced-income objective, options overlay and dividend policy changed on February 28, 2025.franklintempleton.com
  • Selling index calls trades away part of a sharp market rally for premium collected up front, and that premium offsets losses only as far as it goes in a steep decline.franklintempleton.com
  • A thinly traded fund with a smaller asset base than the category's giants, which can mean wider bid/ask spreads than the headline names in derivative income.

Full WZRD profile⁠

Full YLDE profile⁠

WZRD vs YLDE Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

WZRD vs YLDE Cost

Overpaying WZRD vs YLDE

$9,083

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • WZRD 1.00%

    $18,688

  • YLDE 0.48%

    $9,605

$10,000
30 years

Cost over time

  • WZRD 1.00%
  • YLDE 0.48%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530WZRD $18,688YLDE $9,605

Year by year

YearWZRDYLDEOverpaying
10$1,763$865$898
20$6,625$3,328$3,297
30$18,688$9,605$9,083

Expense ratio

  • 1.00%WZRD
  • 0.48%YLDE, cheaper
  • Middle half of Active Option Income funds
  • Median 0.95%

YLDE 8th cheapest of 50 funds

WZRD 32nd cheapest of 50 funds

WZRD vs YLDE Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
WZRD No data
YLDE 7.23%
Payout (12M)
WZRD No data
YLDE $4.15
Last payment
WZRD $1.22
YLDE $0.31
Ex-dividend
WZRD Sep 23, 2026
YLDE Oct 1, 2026
Paid on
WZRD Sep 24, 2026
YLDE Oct 6, 2026
Frequency
WZRD Monthly
YLDE Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

WZRDMonthly · 3 paymentsAll WZRD payments⁠
One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 24, 2025 $4.26; Aug 31, 2026 $0.02; Sep 23, 2026 $1.22. Use the arrow keys to read each point.$0$520232026YTD
YLDEMonthly · 28 paymentsAll YLDE payments⁠
One bar per payment. 28 payments from 2023 to 2026 YTD. Mar 28, 2023 $0.16; Jun 27, 2023 $0.22; Sep 26, 2023 $0.20; Dec 26, 2023 $0.15; Mar 25, 2024 $0.17; Jun 25, 2024 $0.20; Sep 25, 2024 $0.20; Dec 26, 2024 $0.29; Mar 3, 2025 $0.08; Apr 1, 2025 $0.08; May 1, 2025 $0.28; Jun 2, 2025 $0.26; Jul 1, 2025 $0.52; Aug 1, 2025 $0.26; Sep 2, 2025 $0.25; Oct 1, 2025 $0.27; Nov 3, 2025 $0.28; Dec 1, 2025 $0.27; Dec 26, 2025 $0.53; Feb 2, 2026 $0.27; Mar 2, 2026 $0.28; Apr 1, 2026 $0.30; May 1, 2026 $0.31; Jun 1, 2026 $0.31; Jul 1, 2026 $0.32; Aug 3, 2026 $0.64; Sep 1, 2026 $0.32; Oct 1, 2026 $0.31. Use the arrow keys to read each point.$0$520232026YTD

WZRD vs YLDE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
WZRD 446.3%since Jul 2025YLDE 10.3%
Return per unit of riskSharpe ratio, 3 years
WZRD 0.47since Jul 2025YLDE 1.24
Worst fallMax drawdown, 5 years
WZRD −100.0%since Jun 2025YLDE −20.2%
Market sensitivityBeta, 5 years
WZRD −1.54YLDE 0.60

WZRD and YLDE in the news

All news⁠

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