FBYY vs. PBP
FBYY (GraniteShares YieldBoost META ETF) and PBP (Invesco S&P 500 BuyWrite ETF) are both Derivative Income funds. FBYY is actively managed, while PBP is passively managed. At a 0.46 correlation, their price movements are largely independent. FBYY charges 1.07%/yr vs 0.29%/yr for PBP.
Performance
FBYY vs. PBP - Performance Comparison
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Returns By Period
In the year-to-date period, FBYY achieves a -25.18% return, which is significantly lower than PBP's 7.57% return.
FBYY
- 1D
- -0.17%
- 1M
- -2.39%
- 6M
- -16.58%
- YTD
- -25.18%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
PBP
- 1D
- 0.41%
- 1M
- 2.19%
- 6M
- 8.23%
- YTD
- 7.57%
- 1Y
- 18.15%
- 3Y*
- 11.95%
- 5Y*
- 8.35%
- 10Y*
- 7.24%
- ALL TIME*
- 5.32%
FBYY vs. PBP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FBYY GraniteShares YieldBoost META ETF | -25.18% | -11.29% |
PBP Invesco S&P 500 BuyWrite ETF | 7.57% | 4.57% |
Correlation
The correlation between FBYY and PBP is 0.46, 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 Oct 21, 2025 | 0.46 |
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Return for Risk
FBYY vs. PBP — Risk / Return Rank
FBYY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PBP
FBYY vs. PBP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBoost META ETF (FBYY) 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.
| FBYY | PBP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.54 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.49 | — |
| Martin ratioReturn relative to average drawdown | — | 17.99 | — |
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Drawdowns
FBYY vs. PBP - Drawdown Comparison
The maximum FBYY drawdown since its inception was -37.71%, smaller than the maximum PBP drawdown of -43.43%. Use the drawdown chart below to compare losses from any high point for FBYY and PBP.
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Drawdown Indicators
| FBYY | PBP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.71% | -43.43% | +5.72% |
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 | -36.67% | 0.00% | -36.67% |
Average DrawdownAverage peak-to-trough decline | -25.02% | -6.65% | -18.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.01% | — |
Volatility
FBYY vs. PBP - Volatility Comparison
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Volatility by Period
| FBYY | PBP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.62% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.06% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23.37% | 7.22% | +16.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.37% | 11.84% | +11.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.37% | 13.66% | +9.71% |
FBYY vs. PBP - Expense Ratio Comparison
FBYY has a 1.07% expense ratio, which is higher than PBP's 0.29% expense ratio.
Dividends
FBYY vs. PBP - Dividend Comparison
FBYY's dividend yield for the trailing twelve months is around 49.48%, more than PBP's 11.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBYY GraniteShares YieldBoost META ETF | 49.48% | 10.35% | 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 | 11.42% | 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
FBYY and PBP have a correlation of 0.46, 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 1.07% for FBYY.
FBYY has the higher dividend yield at 49.48%, compared with 11.42% for PBP.
They also come from different issuers: GraniteShares and Invesco. Their fees differ too: 1.07% for FBYY and 0.29% for PBP.
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