PBP vs. VOO
Compare and contrast key facts about Invesco S&P 500 BuyWrite ETF (PBP) and Vanguard S&P 500 ETF (VOO).
PBP and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both PBP and VOO 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 VOO.
Correlation
The correlation between PBP and VOO is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PBP vs. VOO - Performance Comparison
Key characteristics
PBP:
0.59
VOO:
0.52
PBP:
1.03
VOO:
0.89
PBP:
1.18
VOO:
1.13
PBP:
0.65
VOO:
0.57
PBP:
2.69
VOO:
2.18
PBP:
3.72%
VOO:
4.85%
PBP:
15.65%
VOO:
19.11%
PBP:
-43.43%
VOO:
-33.99%
PBP:
-7.37%
VOO:
-7.67%
Returns By Period
In the year-to-date period, PBP achieves a -4.30% return, which is significantly lower than VOO's -3.41% return. Over the past 10 years, PBP has underperformed VOO with an annualized return of 5.63%, while VOO has yielded a comparatively higher 12.42% annualized return.
PBP
-4.30%
0.56%
-0.31%
9.25%
10.08%
5.63%
VOO
-3.41%
3.92%
-5.06%
9.92%
15.85%
12.42%
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PBP vs. VOO - Expense Ratio Comparison
PBP has a 0.49% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
PBP vs. VOO — Risk-Adjusted Performance Rank
PBP
VOO
PBP vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 BuyWrite ETF (PBP) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
PBP's dividend yield for the trailing twelve months is around 11.64%, more than VOO's 1.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBP Invesco S&P 500 BuyWrite ETF | 11.64% | 10.22% | 3.35% | 1.33% | 6.21% | 1.41% | 5.55% | 2.59% | 10.86% | 2.56% | 5.21% | 4.96% |
VOO Vanguard S&P 500 ETF | 1.34% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
PBP vs. VOO - Drawdown Comparison
The maximum PBP drawdown since its inception was -43.43%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PBP and VOO. For additional features, visit the drawdowns tool.
Volatility
PBP vs. VOO - Volatility Comparison
The current volatility for Invesco S&P 500 BuyWrite ETF (PBP) is 5.64%, while Vanguard S&P 500 ETF (VOO) has a volatility of 6.83%. This indicates that PBP experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.