Invesco S&P 500 BuyWrite ETF (PBP)
PBP is a passive ETF by Invesco tracking the investment results of the CBOE S&P 500 BuyWrite Index. PBP launched on Dec 20, 2007 and has a 0.49% expense ratio.
ETF Info
| ISIN | US73936G3083 |
|---|---|
| CUSIP | 46137V399 |
| Issuer | Invesco |
| Inception Date | Dec 20, 2007 |
| Region | North America (U.S.) |
| Category | Derivative Income |
| Index Tracked | CBOE S&P 500 BuyWrite Index |
| Distribution Policy | Distributing |
| Asset Class | Alternatives |
Expense Ratio
PBP has a high expense ratio of 0.49%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: PBP vs. SPY, PBP vs. XYLD, PBP vs. QYLD, PBP vs. SCHD, PBP vs. JEPI, PBP vs. VOO
Performance
Performance Chart
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.
Returns By Period
Invesco S&P 500 BuyWrite ETF had a return of 5.65% year-to-date (YTD) and 9.65% in the last 12 months. Over the past 10 years, Invesco S&P 500 BuyWrite ETF had an annualized return of 5.08%, while the S&P 500 had an annualized return of 10.84%, indicating that Invesco S&P 500 BuyWrite ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.65% | 10.00% |
| 1 month | 0.23% | 2.41% |
| 6 months | 8.93% | 16.70% |
| 1 year | 9.65% | 26.85% |
| 5 years (annualized) | 5.30% | 12.81% |
| 10 years (annualized) | 5.08% | 10.84% |
Monthly Returns
The table below presents the monthly returns of PBP, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.36% | 1.99% | 2.53% | -1.22% | 5.65% | ||||||||
| 2023 | 4.13% | 0.05% | 1.49% | 1.25% | 0.88% | 2.44% | 1.09% | -1.48% | -2.87% | -0.89% | 3.21% | 1.95% | 11.59% |
| 2022 | -2.70% | -0.76% | 4.53% | -5.33% | -3.04% | -3.15% | 3.44% | -4.36% | -6.94% | 6.13% | 1.74% | -1.15% | -11.83% |
| 2021 | -0.26% | 1.52% | 4.53% | 0.69% | 1.38% | 2.71% | -0.09% | 3.15% | -1.21% | 4.09% | -0.96% | 3.01% | 19.97% |
| 2020 | -1.11% | -7.47% | -14.67% | 3.83% | 4.32% | 0.44% | 3.14% | 2.89% | -0.26% | -2.40% | 8.51% | 1.55% | -3.31% |
| 2019 | 3.65% | 1.22% | 1.77% | 1.90% | -3.17% | 4.96% | 0.88% | -0.64% | 0.00% | 1.85% | 1.54% | 0.50% | 15.18% |
| 2018 | 0.65% | -1.53% | -0.72% | 0.81% | 2.59% | -0.42% | 2.54% | 2.22% | 0.39% | -5.42% | 1.42% | -7.68% | -5.56% |
| 2017 | 1.65% | 1.57% | 0.41% | 0.86% | 1.62% | 0.41% | 1.21% | -0.04% | 1.17% | 0.49% | 1.70% | 0.34% | 11.98% |
| 2016 | -4.88% | 1.95% | 2.03% | 0.25% | 1.33% | 1.23% | 0.72% | 1.05% | 0.14% | 0.24% | 2.23% | 0.13% | 6.41% |
| 2015 | -1.54% | 2.65% | 0.40% | 0.86% | 1.04% | -0.38% | 2.76% | -5.32% | -0.02% | 4.51% | 0.57% | -1.13% | 4.11% |
| 2014 | -2.31% | 4.34% | -0.16% | 1.28% | 1.83% | 0.28% | -0.47% | 2.77% | -1.76% | -1.94% | -0.34% | 1.41% | 4.81% |
| 2013 | 2.09% | 0.40% | 2.08% | 1.41% | -0.10% | -1.68% | 1.44% | -1.42% | 1.17% | 3.39% | 1.45% | 2.09% | 12.90% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PBP is 60, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
PBP (Invesco S&P 500 BuyWrite ETF)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Invesco S&P 500 BuyWrite ETF (PBP) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Invesco S&P 500 BuyWrite ETF granted a 5.99% dividend yield in the last twelve months. The annual payout for that period amounted to $1.33 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.33 | $0.73 | $0.27 | $1.44 | $0.29 | $1.20 | $0.51 | $2.33 | $0.54 | $1.07 | $1.03 | $1.37 |
Dividend yield | 5.99% | 3.35% | 1.33% | 6.21% | 1.41% | 5.55% | 2.59% | 10.86% | 2.56% | 5.21% | 4.96% | 6.62% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.15 | $0.17 | $0.18 | $0.17 | $0.00 | $0.68 | |||||||
| 2023 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.17 | $0.21 | $0.16 | $0.73 |
| 2022 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.27 |
| 2021 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $1.28 | $1.44 |
| 2020 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.29 |
| 2019 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.96 | $1.20 |
| 2018 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.32 | $0.51 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $1.36 | $2.33 |
| 2016 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.32 | $0.54 |
| 2015 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.46 | $1.07 |
| 2014 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.26 | $1.03 |
| 2013 | $0.04 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.70 | $1.37 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
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 1029 trading sessions.
The current Invesco S&P 500 BuyWrite ETF drawdown is 0.59%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -43.43% | May 1, 2008 | 215 | Mar 9, 2009 | 1029 | Apr 10, 2013 | 1244 |
| -33.31% | Feb 20, 2020 | 23 | Mar 23, 2020 | 261 | Apr 6, 2021 | 284 |
| -18.61% | Apr 14, 2022 | 117 | Sep 30, 2022 | 349 | Feb 23, 2024 | 466 |
| -15.75% | Sep 24, 2018 | 64 | Dec 24, 2018 | 220 | Nov 7, 2019 | 284 |
| -10.01% | Dec 26, 2007 | 18 | Jan 22, 2008 | 68 | Apr 30, 2008 | 86 |
Volatility
Volatility Chart
The current Invesco S&P 500 BuyWrite ETF volatility is 1.87%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.