PBP vs. FIYY
PBP (Invesco S&P 500 BuyWrite ETF) and FIYY (GraniteShares YieldBOOST 20Y+ Treasuries ETF) are both Derivative Income funds. PBP is passively managed, while FIYY is actively managed. At a 0.18 correlation, their price movements are largely independent. PBP charges 0.29%/yr vs 1.07%/yr for FIYY.
Performance
PBP vs. FIYY - Performance Comparison
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Returns By Period
PBP
- 1D
- -0.04%
- 1M
- 1.86%
- 6M
- 6.34%
- YTD
- 7.22%
- 1Y
- 17.66%
- 3Y*
- 11.78%
- 5Y*
- 8.42%
- 10Y*
- 7.23%
FIYY
- 1D
- 0.04%
- 1M
- -0.45%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PBP vs. FIYY - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
PBP Invesco S&P 500 BuyWrite ETF | 4.29% |
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF | -1.79% |
Correlation
The correlation between PBP and FIYY is 0.18, 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 May 5, 2026 | 0.18 |
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Return for Risk
PBP vs. FIYY — Risk / Return Rank
PBP
FIYY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PBP vs. FIYY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 BuyWrite ETF (PBP) and GraniteShares YieldBOOST 20Y+ Treasuries ETF (FIYY). 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.
| PBP | FIYY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.53 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | — | — |
| Martin ratioReturn relative to average drawdown | 17.50 | — | — |
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Drawdowns
PBP vs. FIYY - Drawdown Comparison
The maximum PBP drawdown since its inception was -43.43%, which is greater than FIYY's maximum drawdown of -2.51%. Use the drawdown chart below to compare losses from any high point for PBP and FIYY.
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Drawdown Indicators
| PBP | FIYY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.43% | -2.51% | -40.92% |
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 | -0.04% | -1.91% | +1.87% |
Average DrawdownAverage peak-to-trough decline | -6.65% | -1.50% | -5.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | — | — |
Volatility
PBP vs. FIYY - Volatility Comparison
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Volatility by Period
| PBP | FIYY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 6.04% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.23% | 4.95% | +2.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.86% | 4.95% | +6.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.65% | 4.95% | +8.70% |
PBP vs. FIYY - Expense Ratio Comparison
PBP has a 0.29% expense ratio, which is lower than FIYY's 1.07% expense ratio.
Dividends
PBP vs. FIYY - Dividend Comparison
PBP's dividend yield for the trailing twelve months is around 11.06%, more than FIYY's 1.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF | 1.13% | 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 | 11.06% | 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
PBP and FIYY have a correlation of 0.18, 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 FIYY.
PBP has the higher dividend yield at 11.06%, compared with 1.13% for FIYY.
They also come from different issuers: Invesco and GraniteShares. Their fees differ too: 0.29% for PBP and 1.07% for FIYY.
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