PBP vs. JEPI
Compare and contrast key facts about Invesco S&P 500 BuyWrite ETF (PBP) and JPMorgan Equity Premium Income ETF (JEPI).
PBP and JEPI 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. JEPI is an actively managed fund by JPMorgan. It was launched on May 20, 2020.
Performance
PBP vs. JEPI - Performance Comparison
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PBP vs. JEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PBP Invesco S&P 500 BuyWrite ETF | -1.04% | 8.49% | 19.83% | 11.59% | -11.82% | 19.97% | 15.22% |
JEPI JPMorgan Equity Premium Income ETF | 0.20% | 8.09% | 12.57% | 9.83% | -3.49% | 21.52% | 18.61% |
Returns By Period
In the year-to-date period, PBP achieves a -1.04% return, which is significantly lower than JEPI's 0.20% return.
PBP
- 1D
- 2.04%
- 1M
- -2.62%
- YTD
- -1.04%
- 6M
- 5.76%
- 1Y
- 11.29%
- 3Y*
- 10.74%
- 5Y*
- 7.48%
- 10Y*
- 6.70%
JEPI
- 1D
- 1.85%
- 1M
- -4.79%
- YTD
- 0.20%
- 6M
- 3.11%
- 1Y
- 7.84%
- 3Y*
- 9.57%
- 5Y*
- 8.26%
- 10Y*
- —
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PBP vs. JEPI - Expense Ratio Comparison
PBP has a 0.29% expense ratio, which is lower than JEPI's 0.35% expense ratio.
Return for Risk
PBP vs. JEPI — Risk / Return Rank
PBP
JEPI
PBP vs. JEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 BuyWrite ETF (PBP) and JPMorgan Equity Premium Income ETF (JEPI). 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.
| PBP | JEPI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 0.60 | +0.20 |
Sortino ratioReturn per unit of downside risk | 1.27 | 0.93 | +0.34 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.15 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.12 | 0.85 | +0.27 |
Martin ratioReturn relative to average drawdown | 6.40 | 4.15 | +2.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PBP | JEPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 0.60 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.75 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 1.03 | -0.71 |
Correlation
The correlation between PBP and JEPI is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PBP vs. JEPI - Dividend Comparison
PBP's dividend yield for the trailing twelve months is around 11.63%, more than JEPI's 8.40% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBP Invesco S&P 500 BuyWrite ETF | 11.63% | 11.12% | 9.36% | 3.35% | 1.33% | 6.21% | 1.41% | 5.04% | 2.59% | 10.86% | 2.56% | 6.19% |
JEPI JPMorgan Equity Premium Income ETF | 8.40% | 8.25% | 7.33% | 8.40% | 11.68% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PBP vs. JEPI - Drawdown Comparison
The maximum PBP drawdown since its inception was -43.43%, which is greater than JEPI's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for PBP and JEPI.
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Drawdown Indicators
| PBP | JEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.43% | -13.71% | -29.72% |
Max Drawdown (1Y)Largest decline over 1 year | -10.20% | -10.28% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -18.61% | -13.71% | -4.90% |
Max Drawdown (10Y)Largest decline over 10 years | -33.31% | — | — |
Current DrawdownCurrent decline from peak | -3.29% | -4.79% | +1.50% |
Average DrawdownAverage peak-to-trough decline | -6.75% | -2.07% | -4.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 2.10% | -0.31% |
Volatility
PBP vs. JEPI - Volatility Comparison
Invesco S&P 500 BuyWrite ETF (PBP) and JPMorgan Equity Premium Income ETF (JEPI) have volatilities of 4.09% and 3.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBP | JEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 3.95% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 5.97% | 6.36% | -0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.26% | 13.26% | +1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.95% | 11.06% | +0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.69% | 10.89% | +2.80% |