KYLD vs. PBP
KYLD (Kurv High Income ETF) and PBP (Invesco S&P 500 BuyWrite ETF) are both Derivative Income funds. KYLD is actively managed, while PBP is passively managed. Their 0.68 correlation means they have sometimes moved together and sometimes differently. KYLD charges 1.00%/yr vs 0.29%/yr for PBP.
Performance
KYLD vs. PBP - Performance Comparison
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Returns By Period
In the year-to-date period, KYLD achieves a 10.14% return, which is significantly higher than PBP's 7.80% return.
KYLD
- 1D
- -1.70%
- 1M
- -7.82%
- 6M
- 11.05%
- YTD
- 10.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
PBP
- 1D
- 0.22%
- 1M
- 1.70%
- 6M
- 6.52%
- YTD
- 7.80%
- 1Y
- 19.22%
- 3Y*
- 11.92%
- 5Y*
- 8.34%
- 10Y*
- 7.27%
- ALL TIME*
- 5.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.07M | $1.06M | $870.61K | |
| $1.16M | $1.09M | $978.18K |
KYLD vs. PBP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KYLD Kurv High Income ETF | 10.14% | -11.41% |
PBP Invesco S&P 500 BuyWrite ETF | 7.80% | 4.02% |
Correlation
The correlation between KYLD and PBP is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 31, 2025 | 0.68 |
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Return for Risk
KYLD vs. PBP — Risk / Return Rank
KYLD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PBP
KYLD vs. PBP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kurv High Income ETF (KYLD) 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.
| KYLD | PBP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.51 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.45 | — |
| Martin ratioReturn relative to average drawdown | — | 17.72 | — |
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Drawdowns
KYLD vs. PBP - Drawdown Comparison
The maximum KYLD drawdown since its inception was -21.14%, smaller than the maximum PBP drawdown of -43.43%. Use the drawdown chart below to compare losses from any high point for KYLD and PBP.
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Drawdown Indicators
| KYLD | PBP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.14% | -43.43% | +22.29% |
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 | -10.76% | 0.00% | -10.76% |
Average DrawdownAverage peak-to-trough decline | -8.03% | -6.64% | -1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.02% | — |
Volatility
KYLD vs. PBP - Volatility Comparison
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Volatility by Period
| KYLD | PBP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.15% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.10% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 32.81% | 7.43% | +25.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.81% | 11.85% | +20.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.81% | 13.66% | +19.15% |
KYLD vs. PBP - Expense Ratio Comparison
KYLD has a 1.00% expense ratio, which is higher than PBP's 0.29% expense ratio.
Dividends
KYLD vs. PBP - Dividend Comparison
KYLD's dividend yield for the trailing twelve months is around 22.96%, more than PBP's 11.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KYLD Kurv High Income ETF | 22.96% | 6.14% | 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
KYLD and PBP have a correlation of 0.68, 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 1.00% for KYLD.
KYLD has the higher dividend yield at 22.96%, compared with 11.39% for PBP.
They also come from different issuers: Kurv and Invesco. Their fees differ too: 1.00% for KYLD and 0.29% for PBP.
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