Invesco S&P 500 BuyWrite ETF (PBP)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

The chart shows the growth of an initial investment of $10,000 in Invesco S&P 500 BuyWrite ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Invesco S&P 500 BuyWrite ETF (PBP) has returned -1.04% so far this year and 11.29% over the past 12 months. Over the last ten years, PBP has returned 6.70% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Dec 20, 2007, PBP's average daily return is +0.02%, while the average monthly return is +0.46%. At this rate, your investment would double in approximately 12.6 years.

Historically, 67% of months were positive and 33% were negative. The best month was Oct 2011 with a return of +9.5%, while the worst month was Oct 2008 at -15.3%. The longest winning streak lasted 18 consecutive months, and the longest losing streak was 4 months.

On a daily basis, PBP closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +12.3%, while the worst single day was Mar 16, 2020 at -11.3%.

Invesco S&P 500 BuyWrite ETF has an annualized alpha of -0.26%, beta of 0.60, and R² of 0.63 versus S&P 500 Index. Calculated based on daily prices since December 21, 2007.

• This ETF participated in 64.47% of S&P 500 Index downside but only 53.65% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.60 indicates this ETF moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

PBP has an expense ratio of 0.29%, placing it in the medium range.

PBP ranks 51 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for Invesco S&P 500 BuyWrite ETF (PBP) and compare them to a chosen benchmark (S&P 500 Index).

Invesco S&P 500 BuyWrite ETF provided a 11.63% dividend yield over the last twelve months, with an annual payout of $2.56 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Invesco S&P 500 BuyWrite ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Invesco S&P 500 BuyWrite ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Invesco S&P 500 BuyWrite ETF was 43.43%, occurring on Mar 9, 2009. Recovery took 1028 trading sessions.

The current Invesco S&P 500 BuyWrite ETF drawdown is 3.29%.

The chart below shows the rolling one-month volatility.