DISO vs. PBP
Compare and contrast key facts about YieldMax DIS Option Income Strategy ETF (DISO) and Invesco S&P 500 BuyWrite ETF (PBP).
DISO and PBP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DISO is an actively managed fund by YieldMax. It was launched on Aug 24, 2023. 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.
Performance
DISO vs. PBP - Performance Comparison
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DISO vs. PBP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DISO YieldMax DIS Option Income Strategy ETF | -12.82% | 2.12% | 14.56% | 9.09% |
PBP Invesco S&P 500 BuyWrite ETF | -1.04% | 8.49% | 19.83% | 2.78% |
Returns By Period
In the year-to-date period, DISO achieves a -12.82% return, which is significantly lower than PBP's -1.04% return.
DISO
- 1D
- 1.76%
- 1M
- -8.06%
- YTD
- -12.82%
- 6M
- -10.16%
- 1Y
- -1.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PBP
- 1D
- 2.04%
- 1M
- -2.62%
- YTD
- -1.04%
- 6M
- 5.76%
- 1Y
- 11.29%
- 3Y*
- 10.74%
- 5Y*
- 7.48%
- 10Y*
- 6.70%
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DISO vs. PBP - Expense Ratio Comparison
DISO has a 1.01% expense ratio, which is higher than PBP's 0.29% expense ratio.
Return for Risk
DISO vs. PBP — Risk / Return Rank
DISO
PBP
DISO vs. PBP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax DIS Option Income Strategy ETF (DISO) 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.
| DISO | PBP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.05 | 0.80 | -0.85 |
Sortino ratioReturn per unit of downside risk | 0.09 | 1.27 | -1.17 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.25 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | -0.08 | 1.12 | -1.21 |
Martin ratioReturn relative to average drawdown | -0.22 | 6.40 | -6.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DISO | PBP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.05 | 0.80 | -0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.63 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.32 | -0.13 |
Correlation
The correlation between DISO and PBP is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
DISO vs. PBP - Dividend Comparison
DISO's dividend yield for the trailing twelve months is around 45.61%, more than PBP's 11.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DISO YieldMax DIS Option Income Strategy ETF | 45.61% | 38.87% | 37.33% | 6.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PBP Invesco S&P 500 BuyWrite ETF | 11.63% | 11.12% | 9.36% | 3.35% | 1.33% | 6.21% | 1.41% | 5.04% | 2.59% | 10.86% | 2.56% | 6.19% |
Drawdowns
DISO vs. PBP - Drawdown Comparison
The maximum DISO drawdown since its inception was -26.62%, smaller than the maximum PBP drawdown of -43.43%. Use the drawdown chart below to compare losses from any high point for DISO and PBP.
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Drawdown Indicators
| DISO | PBP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.62% | -43.43% | +16.81% |
Max Drawdown (1Y)Largest decline over 1 year | -18.08% | -10.20% | -7.88% |
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 | -15.25% | -3.29% | -11.96% |
Average DrawdownAverage peak-to-trough decline | -7.43% | -6.75% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.10% | 1.79% | +5.31% |
Volatility
DISO vs. PBP - Volatility Comparison
YieldMax DIS Option Income Strategy ETF (DISO) has a higher volatility of 4.49% compared to Invesco S&P 500 BuyWrite ETF (PBP) at 4.09%. This indicates that DISO's price experiences larger fluctuations and is considered to be riskier than PBP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DISO | PBP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 4.09% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 15.69% | 5.97% | +9.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.49% | 14.26% | +10.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.31% | 11.95% | +9.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.31% | 13.69% | +7.62% |