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PBP vs. META
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PBP vs. META

Last updated Jun 13, 2026

PBP (Invesco S&P 500 BuyWrite ETF) is Derivative Income fund tracking the Cboe S&P 500 BuyWrite Index, while META (Meta Platforms, Inc.) is a stock. Over the past 10 years, PBP returned 7.09%/yr vs 17.39%/yr for META. At a 0.47 correlation, their price movements are largely independent.

Performance

PBP vs. META - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 BuyWrite ETF (PBP) and Meta Platforms, Inc. (META). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PBP achieves a 4.48% return, which is significantly higher than META's -14.03% return. Over the past 10 years, PBP has underperformed META with an annualized return of 7.09%, while META has yielded a comparatively higher 17.39% annualized return.

PBP

1D
0.49%
1M
0.91%
YTD
4.48%
6M
5.65%
1Y
16.94%
3Y*
11.30%
5Y*
7.94%
10Y*
7.09%

META

1D
-0.26%
1M
-8.05%
YTD
-14.03%
6M
-11.84%
1Y
-17.97%
3Y*
28.18%
5Y*
11.52%
10Y*
17.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PBP vs. META - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PBP
Invesco S&P 500 BuyWrite ETF		4.48%8.49%19.83%11.59%-11.82%19.97%-3.31%14.60%-5.57%11.98%
META
Meta Platforms, Inc.		-14.03%13.09%66.05%194.13%-64.22%23.13%33.09%56.57%-25.71%53.38%

Correlation

The correlation between PBP and META is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.45

Correlation (3Y)
Calculated over the trailing 3-year period

0.46

Correlation (5Y)
Calculated over the trailing 5-year period

0.53

Correlation (10Y)
Calculated over the trailing 10-year period

0.50

Correlation (All Time)
Calculated using the full available price history since May 18, 2012

0.47

The correlation between PBP and META has been stable across timeframes, ranging from 0.45 to 0.53 - a consistent structural relationship.

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Invesco S&P 500 BuyWrite ETF

Meta Platforms, Inc.

Often compared with PBP:
PBP vs. SPYPBP vs. XYLDPBP vs. JEPIPBP vs. VOOPBP vs. SCHDPBP vs. FTHIPBP vs. JEPQ
Often compared with META:
META vs. MSFTMETA vs. GOOGMETA vs. AMZNMETA vs. AAPLMETA vs. TSLAMETA vs. SPYMETA vs. NVDA

Return for Risk

PBP vs. META — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PBP
PBP Risk / Return Rank: 8585
Overall Rank
PBP Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
PBP Sortino Ratio Rank: 8787
Sortino Ratio Rank
PBP Omega Ratio Rank: 9191
Omega Ratio Rank
PBP Calmar Ratio Rank: 7373
Calmar Ratio Rank
PBP Martin Ratio Rank: 8888
Martin Ratio Rank
META
META Risk / Return Rank: 2121
Overall Rank
META Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
META Sortino Ratio Rank: 2020
Sortino Ratio Rank
META Omega Ratio Rank: 2020
Omega Ratio Rank
META Calmar Ratio Rank: 2424
Calmar Ratio Rank
META Martin Ratio Rank: 1818
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PBP vs. META - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 BuyWrite ETF (PBP) and Meta Platforms, Inc. (META). 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.

PBPMETADifference
Sharpe ratioReturn per unit of total volatility
2.40
-0.51

+2.90

Sortino ratioReturn per unit of downside risk
3.44
-0.54

+3.98

Omega ratioGain probability vs. loss probability

1.52

0.93

+0.59

Calmar ratioReturn relative to maximum drawdown

3.26

-0.54

+3.80

Martin ratioReturn relative to average drawdown

16.95

-1.12

+18.07

PBP vs. META - Sharpe Ratio Comparison

The current PBP Sharpe Ratio is 2.40, which is higher than the META Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of PBP and META, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PBP vs. META - Drawdown Comparison

The maximum PBP drawdown since its inception was -43.43%, smaller than the maximum META drawdown of -76.74%. Use the drawdown chart below to compare losses from any high point for PBP and META.

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Drawdown Indicators

PBPMETADifference

Max Drawdown

Largest peak-to-trough decline

-43.43%

-76.74%

+33.31%

Max Drawdown (1Y)

Largest decline over 1 year

-5.22%

-33.30%

+28.08%

Max Drawdown (3Y)

Largest decline over 3 years

-15.42%

-34.15%

+18.73%

Max Drawdown (5Y)

Largest decline over 5 years

-18.61%

-76.74%

+58.13%

Max Drawdown (10Y)

Largest decline over 10 years

-33.31%

-76.74%

+43.43%

Current Drawdown

Current decline from peak

-0.57%

-28.06%

+27.49%

Average Drawdown

Average peak-to-trough decline

-6.68%

-15.83%

+9.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.00%

16.06%

-15.06%

Volatility

PBP vs. META - Volatility Comparison

The current volatility for Invesco S&P 500 BuyWrite ETF (PBP) is 2.14%, while Meta Platforms, Inc. (META) has a volatility of 10.17%. This indicates that PBP experiences smaller price fluctuations and is considered to be less risky than META based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PBPMETADifference

Volatility (1M)

Calculated over the trailing 1-month period

2.14%

10.17%

-8.03%

Volatility (6M)

Calculated over the trailing 6-month period

5.84%

26.91%

-21.07%

Volatility (1Y)

Calculated over the trailing 1-year period

7.10%

35.52%

-28.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.88%

44.04%

-32.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.67%

38.67%

-25.00%

Dividends

PBP vs. META - Dividend Comparison

PBP's dividend yield for the trailing twelve months is around 11.20%, more than META's 0.37% yield.

PositionTTM20252024202320222021202020192018201720162015
META
Meta Platforms, Inc.		0.37%0.32%0.34%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		11.20%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 META have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

META has higher volatility (10.17%) compared to PBP (2.14%). In terms of maximum drawdown, PBP dropped -43.43% vs META's -76.74%.

PBP currently has the higher Sharpe Ratio (2.40 vs -0.51), 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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