EDGX vs. PBP

Last updated Jun 4, 2026

EDGX (Global X U.S. 500 Income Edge ETF) and PBP (Invesco S&P 500 BuyWrite ETF) are both Derivative Income funds - EDGX tracks the Solactive GBS United States 500 Index while PBP tracks the Cboe S&P 500 BuyWrite Index. Both are passively managed. Their correlation of 0.82 suggests significant overlap in exposure.

Performance

EDGX vs. PBP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X U.S. 500 Income Edge ETF (EDGX) and Invesco S&P 500 BuyWrite ETF (PBP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EDGX

• 1D: -0.49%
• 1M: 4.73%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PBP

• 1D: -0.17%
• 1M: 2.03%
• YTD: 4.90%
• 6M: 6.44%
• 1Y: 18.32%
• 3Y*: 11.58%
• 5Y*: 8.10%
• 10Y*: 7.14%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EDGX vs. PBP - Yearly Performance Comparison

	2026 (YTD)
EDGX Global X U.S. 500 Income Edge ETF	10.16%
PBP Invesco S&P 500 BuyWrite ETF	3.34%

Correlation

The correlation between EDGX and PBP is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 19, 2026	0.82

Return for Risk

EDGX vs. PBP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PBP

PBP Risk / Return Rank: 82
PBP Sharpe Ratio Rank: 81
PBP Sortino Ratio Rank: 85
PBP Omega Ratio Rank: 90
PBP Calmar Ratio Rank: 70
PBP Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EDGX vs. PBP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X U.S. 500 Income Edge ETF (EDGX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	EDGX	PBP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.68	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.69	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.05	0.35	+2.70

Drawdowns

EDGX vs. PBP - Drawdown Comparison

The maximum EDGX drawdown since its inception was -7.56%, smaller than the maximum PBP drawdown of -43.43%. Use the drawdown chart below to compare losses from any high point for EDGX and PBP.

Drawdown Indicators

	EDGX	PBP	Difference
Max Drawdown Largest peak-to-trough decline	-7.56%	-43.43%	+35.87%
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 Drawdown Current decline from peak	-0.49%	-0.17%	-0.32%
Average Drawdown Average peak-to-trough decline	-1.50%	-6.69%	+5.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.98%	—

Volatility

Volatility by Period

	EDGX	PBP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.93%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.53%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.10%	6.87%	+6.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.10%	11.86%	+1.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.10%	13.66%	-0.56%

Dividends

EDGX vs. PBP - Dividend Comparison

EDGX's dividend yield for the trailing twelve months is around 2.43%, less than PBP's 11.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EDGX Global X U.S. 500 Income Edge ETF	2.43%	0.00%	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	11.16%	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

Can I hold both EDGX and PBP in my portfolio?

EDGX and PBP have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, EDGX or PBP?

PBP has the higher dividend yield at 11.16%, compared with 2.43% for EDGX.

What is the main difference between EDGX and PBP?

EDGX tracks Solactive GBS United States 500 Index, while PBP tracks Cboe S&P 500 BuyWrite Index. They also come from different issuers: Global X and Invesco.