CRCO vs. PBP
CRCO (YieldMax CRCL Option Income Strategy ETF) and PBP (Invesco S&P 500 BuyWrite ETF) are both Derivative Income funds. CRCO is actively managed, while PBP is passively managed. At a 0.42 correlation, their price movements are largely independent. CRCO charges 1.01%/yr vs 0.29%/yr for PBP.
Performance
CRCO vs. PBP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CRCO achieves a -6.32% return, which is significantly lower than PBP's 4.10% return.
CRCO
- 1D
- -4.30%
- 1M
- -31.55%
- YTD
- -6.32%
- 6M
- -8.79%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PBP
- 1D
- -0.29%
- 1M
- -0.02%
- YTD
- 4.10%
- 6M
- 3.91%
- 1Y
- 15.38%
- 3Y*
- 11.53%
- 5Y*
- 7.58%
- 10Y*
- 7.15%
CRCO vs. PBP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRCO YieldMax CRCL Option Income Strategy ETF | -6.32% | -38.00% |
PBP Invesco S&P 500 BuyWrite ETF | 4.10% | 6.97% |
Correlation
The correlation between CRCO and PBP is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025 | 0.42 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CRCO vs. PBP — Risk / Return Rank
CRCO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PBP
CRCO vs. PBP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax CRCL Option Income Strategy ETF (CRCO) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CRCO | PBP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.46 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.96 | — |
| Martin ratioReturn relative to average drawdown | — | 15.30 | — |
Loading charts...
Drawdowns
CRCO vs. PBP - Drawdown Comparison
The maximum CRCO drawdown since its inception was -61.75%, which is greater than PBP's maximum drawdown of -43.43%. Use the drawdown chart below to compare losses from any high point for CRCO and PBP.
Loading charts...
Drawdown Indicators
| CRCO | PBP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.75% | -43.43% | -18.32% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.22% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.42% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.31% | — |
Current DrawdownCurrent decline from peak | -47.33% | -1.32% | -46.01% |
Average DrawdownAverage peak-to-trough decline | -33.71% | -6.67% | -27.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.01% | — |
Volatility
CRCO vs. PBP - Volatility Comparison
Loading charts...
Volatility by Period
| CRCO | PBP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.38% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.96% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 85.29% | 7.18% | +78.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.29% | 11.87% | +73.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.29% | 13.67% | +71.62% |
CRCO vs. PBP - Expense Ratio Comparison
CRCO has a 1.01% expense ratio, which is higher than PBP's 0.29% expense ratio.
Dividends
CRCO vs. PBP - Dividend Comparison
CRCO's dividend yield for the trailing twelve months is around 122.56%, more than PBP's 11.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRCO YieldMax CRCL Option Income Strategy ETF | 122.56% | 35.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PBP Invesco S&P 500 BuyWrite ETF | 11.39% | 11.12% | 9.36% | 3.35% | 1.33% | 6.21% | 1.41% | 5.04% | 2.59% | 10.86% | 2.56% | 6.19% |
Frequently Asked Questions
CRCO and PBP have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PBP is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PBP is cheaper with a 0.29% expense ratio, compared with 1.01% for CRCO.
CRCO has the higher dividend yield at 122.56%, compared with 11.39% for PBP.
They also come from different issuers: YieldMax and Invesco. Their fees differ too: 1.01% for CRCO and 0.29% for PBP.
Find the right allocation for CRCO and PBP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer