PBP vs. SCHD
Compare and contrast key facts about Invesco S&P 500 BuyWrite ETF (PBP) and Schwab US Dividend Equity ETF (SCHD).
PBP and SCHD 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. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both PBP and SCHD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PBP or SCHD.
Key characteristics
| PBP | SCHD | |
|---|---|---|
| YTD Return | 13.88% | 14.11% |
| 1Y Return | 19.82% | 28.95% |
| 3Y Return (Ann) | 4.58% | 6.67% |
| 5Y Return (Ann) | 5.78% | 12.45% |
| 10Y Return (Ann) | 5.91% | 11.51% |
| Sharpe Ratio | 2.81 | 2.63 |
| Sortino Ratio | 3.84 | 3.79 |
| Omega Ratio | 1.65 | 1.46 |
| Calmar Ratio | 2.56 | 2.53 |
| Martin Ratio | 23.23 | 14.63 |
| Ulcer Index | 0.87% | 2.03% |
| Daily Std Dev | 7.18% | 11.29% |
| Max Drawdown | -43.43% | -33.37% |
| Current Drawdown | -0.40% | -2.19% |
Correlation
The correlation between PBP and SCHD is 0.67, 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.
Performance
PBP vs. SCHD - Performance Comparison
The year-to-date returns for both investments are quite close, with PBP having a 13.88% return and SCHD slightly higher at 14.11%. Over the past 10 years, PBP has underperformed SCHD with an annualized return of 5.91%, while SCHD has yielded a comparatively higher 11.51% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PBP vs. SCHD - Expense Ratio Comparison
PBP has a 0.49% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Risk-Adjusted Performance
PBP vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 BuyWrite ETF (PBP) and Schwab US Dividend Equity ETF (SCHD). 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. SCHD - Dividend Comparison
PBP's dividend yield for the trailing twelve months is around 9.47%, more than SCHD's 3.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBP Invesco S&P 500 BuyWrite ETF | 9.47% | 3.35% | 1.33% | 6.21% | 1.41% | 5.55% | 2.59% | 10.86% | 2.56% | 5.21% | 4.96% | 6.62% |
SCHD Schwab US Dividend Equity ETF | 3.47% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
PBP vs. SCHD - Drawdown Comparison
The maximum PBP drawdown since its inception was -43.43%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for PBP and SCHD. For additional features, visit the drawdowns tool.
Volatility
PBP vs. SCHD - Volatility Comparison
The current volatility for Invesco S&P 500 BuyWrite ETF (PBP) is 1.23%, while Schwab US Dividend Equity ETF (SCHD) has a volatility of 2.74%. This indicates that PBP experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.