PBP vs. ROCQ

Last updated Jun 4, 2026

PBP (Invesco S&P 500 BuyWrite ETF) and ROCQ (JPMorgan Nasdaq Equity Premium Yield ETF) are both exchange-traded funds - PBP is a Derivative Income fund tracking the Cboe S&P 500 BuyWrite Index, while ROCQ is a Nasdaq-100 fund actively managed by JPMorgan. PBP is passively managed, while ROCQ is actively managed. A 0.64 correlation means they provide meaningful diversification when combined. PBP charges 0.29%/yr vs 0.35%/yr for ROCQ.

Performance

PBP vs. ROCQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 BuyWrite ETF (PBP) and JPMorgan Nasdaq Equity Premium Yield ETF (ROCQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

ROCQ

• 1D: -0.12%
• 1M: 6.49%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PBP vs. ROCQ - Yearly Performance Comparison

	2026 (YTD)
PBP Invesco S&P 500 BuyWrite ETF	5.83%
ROCQ JPMorgan Nasdaq Equity Premium Yield ETF	17.62%

Correlation

The correlation between PBP and ROCQ is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 20, 2026	0.64

Return for Risk

PBP vs. ROCQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PBP

PBP Risk / Return Rank: 82
PBP Sharpe Ratio Rank: 81
PBP Sortino Ratio Rank: 85
PBP Omega Ratio Rank: 90
PBP Calmar Ratio Rank: 70
PBP Martin Ratio Rank: 86

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. ROCQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 BuyWrite ETF (PBP) and JPMorgan Nasdaq Equity Premium Yield ETF (ROCQ). 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	ROCQ	Difference
Sharpe ratio: Return per unit of total volatility	2.68	—	—
Sortino ratio: Return per unit of downside risk	3.86	—	—
Omega ratio: Gain probability vs. loss probability	1.60	—	—
Calmar ratio: Return relative to maximum drawdown	3.52	—	—
Martin ratio: Return relative to average drawdown	18.66	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PBP	ROCQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.68	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	7.49	-7.14

Drawdowns

PBP vs. ROCQ - Drawdown Comparison

The maximum PBP drawdown since its inception was -43.43%, which is greater than ROCQ's maximum drawdown of -5.15%. Use the drawdown chart below to compare losses from any high point for PBP and ROCQ.

Drawdown Indicators

	PBP	ROCQ	Difference
Max Drawdown Largest peak-to-trough decline	-43.43%	-5.15%	-38.28%
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 Drawdown Current decline from peak	-0.17%	-0.33%	+0.16%
Average Drawdown Average peak-to-trough decline	-6.69%	-0.66%	-6.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.98%	—	—

Volatility

Volatility by Period

	PBP	ROCQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.93%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.53%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	6.87%	16.13%	-9.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.86%	16.13%	-4.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.66%	16.13%	-2.47%

PBP vs. ROCQ - Expense Ratio Comparison

PBP has a 0.29% expense ratio, which is lower than ROCQ's 0.35% expense ratio.

Dividends

PBP vs. ROCQ - Dividend Comparison

PBP's dividend yield for the trailing twelve months is around 11.16%, more than ROCQ's 2.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
ROCQ JPMorgan Nasdaq Equity Premium Yield ETF	2.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PBP and ROCQ in my portfolio?

PBP and ROCQ have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PBP or ROCQ?

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.

Which ETF is cheaper, PBP or ROCQ?

PBP is cheaper with a 0.29% expense ratio, compared with 0.35% for ROCQ.

Which ETF pays a higher dividend yield, PBP or ROCQ?

PBP has the higher dividend yield at 11.16%, compared with 2.02% for ROCQ.

What is the main difference between PBP and ROCQ?

PBP is categorized as Derivative Income, while ROCQ is Nasdaq-100. They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.29% for PBP and 0.35% for ROCQ.