PBP vs. LND
PBP (Invesco S&P 500 BuyWrite ETF) is Derivative Income fund tracking the Cboe S&P 500 BuyWrite Index, while LND (BrasilAgro - Companhia Brasileira de Propriedades Agrícolas) is a stock. Over the past 10 years, PBP returned 7.14%/yr vs 8.21%/yr for LND. At a 0.13 correlation, their price movements are largely independent.
Performance
PBP vs. LND - Performance Comparison
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Returns By Period
In the year-to-date period, PBP achieves a 4.90% return, which is significantly higher than LND's 4.47% return. Over the past 10 years, PBP has underperformed LND with an annualized return of 7.14%, while LND has yielded a comparatively higher 8.21% annualized return.
PBP
- 1D
- -0.17%
- 1M
- 2.03%
- YTD
- 4.90%
- 6M
- 6.44%
- 1Y
- 18.32%
- 3Y*
- 11.58%
- 5Y*
- 8.10%
- 10Y*
- 7.14%
LND
- 1D
- -2.60%
- 1M
- -2.35%
- YTD
- 4.47%
- 6M
- 0.00%
- 1Y
- 0.94%
- 3Y*
- 0.32%
- 5Y*
- -2.63%
- 10Y*
- 8.21%
PBP vs. LND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PBP Invesco S&P 500 BuyWrite ETF | 4.90% | 8.49% | 19.83% | 11.59% | -11.82% | 19.97% | -3.31% | 14.60% | -5.57% | 11.98% |
LND BrasilAgro - Companhia Brasileira de Propriedades Agrícolas | 4.47% | 3.05% | -27.24% | 4.20% | 23.23% | 17.11% | 8.24% | 25.19% | 20.93% | 9.47% |
Correlation
The correlation between PBP and LND is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since May 16, 2012 | 0.13 |
The correlation between PBP and LND shifts across timeframes, from 0.13 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PBP vs. LND — Risk / Return Rank
PBP
LND
PBP vs. LND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 BuyWrite ETF (PBP) and BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (LND). 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 | LND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.64 | ||
| Sortino ratioReturn per unit of downside risk | +3.63 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.03 | +0.57 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 0.06 | +3.46 |
| Martin ratioReturn relative to average drawdown | 18.66 | 0.14 | +18.52 |
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 | LND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.68 | 0.04 | +2.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | -0.07 | +0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.20 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.13 | +0.21 |
Drawdowns
PBP vs. LND - Drawdown Comparison
The maximum PBP drawdown since its inception was -43.43%, smaller than the maximum LND drawdown of -53.59%. Use the drawdown chart below to compare losses from any high point for PBP and LND.
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Drawdown Indicators
| PBP | LND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.43% | -53.59% | +10.16% |
Max Drawdown (1Y)Largest decline over 1 year | -5.22% | -14.87% | +9.65% |
Max Drawdown (3Y)Largest decline over 3 years | -15.42% | -32.28% | +16.86% |
Max Drawdown (5Y)Largest decline over 5 years | -18.61% | -46.76% | +28.15% |
Max Drawdown (10Y)Largest decline over 10 years | -33.31% | -48.59% | +15.28% |
Current DrawdownCurrent decline from peak | -0.17% | -34.64% | +34.47% |
Average DrawdownAverage peak-to-trough decline | -6.69% | -21.73% | +15.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 6.66% | -5.68% |
Volatility
PBP vs. LND - Volatility Comparison
The current volatility for Invesco S&P 500 BuyWrite ETF (PBP) is 0.93%, while BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (LND) has a volatility of 7.44%. This indicates that PBP experiences smaller price fluctuations and is considered to be less risky than LND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBP | LND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 7.44% | -6.51% |
Volatility (6M)Calculated over the trailing 6-month period | 5.53% | 19.74% | -14.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.87% | 26.21% | -19.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.86% | 36.89% | -25.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.66% | 40.78% | -27.12% |
Dividends
PBP vs. LND - Dividend Comparison
PBP's dividend yield for the trailing twelve months is around 11.16%, more than LND's 3.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LND BrasilAgro - Companhia Brasileira de Propriedades Agrícolas | 3.78% | 3.95% | 7.44% | 12.40% | 18.07% | 8.86% | 2.54% | 4.67% | 4.75% | 1.93% | 4.78% | 11.78% |
PBP Invesco S&P 500 BuyWrite ETF | 11.16% | 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 LND have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LND has higher volatility (7.44%) compared to PBP (0.93%). In terms of maximum drawdown, PBP dropped -43.43% vs LND's -53.59%.
PBP currently has the higher Sharpe Ratio (2.68 vs 0.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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