PBP vs. SLJY

Last updated Jun 4, 2026

PBP (Invesco S&P 500 BuyWrite ETF) and SLJY (Amplify SILJ Covered Call ETF) are both Derivative Income funds. PBP is passively managed, while SLJY is actively managed. At a 0.30 correlation, their price movements are largely independent. PBP charges 0.29%/yr vs 0.75%/yr for SLJY.

Performance

PBP vs. SLJY - Performance Comparison

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

Returns By Period

In the year-to-date period, PBP achieves a 4.90% return, which is significantly lower than SLJY's 7.71% 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%

SLJY

• 1D: -4.01%
• 1M: 3.34%
• YTD: 7.71%
• 6M: 15.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PBP vs. SLJY - Yearly Performance Comparison

	2026 (YTD)	2025
PBP Invesco S&P 500 BuyWrite ETF	4.90%	9.20%
SLJY Amplify SILJ Covered Call ETF	7.71%	43.38%

Correlation

The correlation between PBP and SLJY is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025	0.30

Return for Risk

PBP vs. SLJY — 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. SLJY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 BuyWrite ETF (PBP) and Amplify SILJ Covered Call ETF (SLJY). 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	SLJY	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	SLJY	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	1.49	-1.15

Drawdowns

PBP vs. SLJY - Drawdown Comparison

The maximum PBP drawdown since its inception was -43.43%, which is greater than SLJY's maximum drawdown of -30.60%. Use the drawdown chart below to compare losses from any high point for PBP and SLJY.

Drawdown Indicators

	PBP	SLJY	Difference
Max Drawdown Largest peak-to-trough decline	-43.43%	-30.60%	-12.83%
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%	-21.65%	+21.48%
Average Drawdown Average peak-to-trough decline	-6.69%	-9.60%	+2.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.98%	—	—

Volatility

Volatility by Period

	PBP	SLJY	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%	49.59%	-42.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.86%	49.59%	-37.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.66%	49.59%	-35.93%

PBP vs. SLJY - Expense Ratio Comparison

PBP has a 0.29% expense ratio, which is lower than SLJY's 0.75% expense ratio.

Dividends

PBP vs. SLJY - Dividend Comparison

PBP's dividend yield for the trailing twelve months is around 11.16%, less than SLJY's 16.71% 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%
SLJY Amplify SILJ Covered Call ETF	16.71%	6.26%	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 SLJY in my portfolio?

PBP and SLJY have a correlation of 0.30, 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 SLJY?

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 SLJY?

PBP is cheaper with a 0.29% expense ratio, compared with 0.75% for SLJY.

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

SLJY has the higher dividend yield at 16.71%, compared with 11.16% for PBP.

What is the main difference between PBP and SLJY?

They also come from different issuers: Invesco and Amplify. Their fees differ too: 0.29% for PBP and 0.75% for SLJY.