PBP vs. FTHI
Compare and contrast key facts about Invesco S&P 500 BuyWrite ETF (PBP) and First Trust BuyWrite Income ETF (FTHI).
PBP and FTHI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FTHI is an actively managed fund by First Trust. It was launched on Jan 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PBP or FTHI.
Correlation
The correlation between PBP and FTHI is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PBP vs. FTHI - Performance Comparison
Key characteristics
PBP:
0.61
FTHI:
0.43
PBP:
0.97
FTHI:
0.72
PBP:
1.17
FTHI:
1.12
PBP:
0.61
FTHI:
0.44
PBP:
2.53
FTHI:
1.90
PBP:
3.69%
FTHI:
3.70%
PBP:
15.65%
FTHI:
16.05%
PBP:
-43.43%
FTHI:
-32.65%
PBP:
-7.62%
FTHI:
-5.95%
Returns By Period
In the year-to-date period, PBP achieves a -4.57% return, which is significantly lower than FTHI's -3.34% return. Over the past 10 years, PBP has underperformed FTHI with an annualized return of 5.58%, while FTHI has yielded a comparatively higher 6.93% annualized return.
PBP
-4.57%
9.22%
-0.53%
9.41%
10.02%
5.58%
FTHI
-3.34%
11.87%
-3.91%
6.89%
10.76%
6.93%
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PBP vs. FTHI - Expense Ratio Comparison
PBP has a 0.49% expense ratio, which is lower than FTHI's 0.85% expense ratio.
Risk-Adjusted Performance
PBP vs. FTHI — Risk-Adjusted Performance Rank
PBP
FTHI
PBP vs. FTHI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 BuyWrite ETF (PBP) and First Trust BuyWrite Income ETF (FTHI). 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.
Dividends
PBP vs. FTHI - Dividend Comparison
PBP's dividend yield for the trailing twelve months is around 11.68%, more than FTHI's 9.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBP Invesco S&P 500 BuyWrite ETF | 11.68% | 10.22% | 3.35% | 1.33% | 6.21% | 1.41% | 5.55% | 2.59% | 10.86% | 2.56% | 5.21% | 4.96% |
FTHI First Trust BuyWrite Income ETF | 9.34% | 8.61% | 8.50% | 9.06% | 4.37% | 4.76% | 4.21% | 4.76% | 4.00% | 4.41% | 4.98% | 3.96% |
Drawdowns
PBP vs. FTHI - Drawdown Comparison
The maximum PBP drawdown since its inception was -43.43%, which is greater than FTHI's maximum drawdown of -32.65%. Use the drawdown chart below to compare losses from any high point for PBP and FTHI. For additional features, visit the drawdowns tool.
Volatility
PBP vs. FTHI - Volatility Comparison
Invesco S&P 500 BuyWrite ETF (PBP) has a higher volatility of 10.22% compared to First Trust BuyWrite Income ETF (FTHI) at 9.67%. This indicates that PBP's price experiences larger fluctuations and is considered to be riskier than FTHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.