BUYW vs. PBP
Compare and contrast key facts about Main Buywrite ETF (BUYW) and Invesco S&P 500 BuyWrite ETF (PBP).
BUYW and PBP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BUYW is an actively managed fund by Main Funds. It was launched on Dec 29, 2015. PBP is a passively managed fund by Invesco that tracks the performance of the CBOE S&P 500 BuyWrite Index. It was launched on Dec 20, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BUYW or PBP.
Correlation
The correlation between BUYW and PBP is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BUYW vs. PBP - Performance Comparison
Key characteristics
BUYW:
2.21
PBP:
2.70
BUYW:
3.25
PBP:
3.82
BUYW:
1.43
PBP:
1.62
BUYW:
5.39
PBP:
3.94
BUYW:
23.54
PBP:
24.07
BUYW:
0.45%
PBP:
0.89%
BUYW:
4.81%
PBP:
7.98%
BUYW:
-7.32%
PBP:
-43.43%
BUYW:
0.00%
PBP:
-0.04%
Returns By Period
In the year-to-date period, BUYW achieves a 1.51% return, which is significantly lower than PBP's 2.75% return.
BUYW
1.51%
1.44%
4.78%
11.11%
N/A
N/A
PBP
2.75%
2.84%
14.51%
21.65%
6.76%
6.68%
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BUYW vs. PBP - Expense Ratio Comparison
BUYW has a 1.29% expense ratio, which is higher than PBP's 0.49% expense ratio.
Risk-Adjusted Performance
BUYW vs. PBP — Risk-Adjusted Performance Rank
BUYW
PBP
BUYW vs. PBP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Main Buywrite ETF (BUYW) and Invesco S&P 500 BuyWrite ETF (PBP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
BUYW vs. PBP - Dividend Comparison
BUYW's dividend yield for the trailing twelve months is around 5.91%, less than PBP's 10.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BUYW Main Buywrite ETF | 5.91% | 5.95% | 5.95% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PBP Invesco S&P 500 BuyWrite ETF | 10.30% | 10.22% | 3.35% | 1.33% | 6.21% | 1.41% | 5.55% | 2.59% | 10.86% | 2.56% | 5.21% | 4.95% |
Drawdowns
BUYW vs. PBP - Drawdown Comparison
The maximum BUYW drawdown since its inception was -7.32%, smaller than the maximum PBP drawdown of -43.43%. Use the drawdown chart below to compare losses from any high point for BUYW and PBP. For additional features, visit the drawdowns tool.
Volatility
BUYW vs. PBP - Volatility Comparison
The current volatility for Main Buywrite ETF (BUYW) is 1.20%, while Invesco S&P 500 BuyWrite ETF (PBP) has a volatility of 1.88%. This indicates that BUYW experiences smaller price fluctuations and is considered to be less risky than PBP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.