PBUS vs. SPTM

Last updated Aug 2, 2026

PBUS (Invesco PureBeta MSCI USA ETF) and SPTM (SPDR Portfolio S&P 1500 Composite Stock Market ETF) are both exchange-traded funds - PBUS is a Large Cap Growth Equities fund tracking the MSCI USA Index, while SPTM is a Large Cap Blend Equities fund tracking the S&P Composite 1500 Index. Both are passively managed. Over the past 5 years, PBUS returned 12.30%/yr vs 12.48%/yr for SPTM. Their correlation of 0.90 means they have usually moved in the same direction. PBUS charges 0.04%/yr vs 0.03%/yr for SPTM.

Performance

PBUS vs. SPTM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco PureBeta MSCI USA ETF (PBUS) and SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PBUS achieves a 10.03% return, which is significantly lower than SPTM's 10.61% return.

PBUS

• 1D: 0.70%
• 1M: 0.20%
• 6M: 8.62%
• YTD: 10.03%
• 1Y: 21.08%
• 3Y*: 19.43%
• 5Y*: 12.30%
• 10Y*: —
• ALL TIME*: 14.93%

SPTM

• 1D: 0.62%
• 1M: 0.21%
• 6M: 8.81%
• YTD: 10.61%
• 1Y: 21.87%
• 3Y*: 18.90%
• 5Y*: 12.48%
• 10Y*: 14.86%
• ALL TIME*: 8.78%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PBUS Invesco PureBeta MSCI USA ETF	$18.29M	$14.70M	$26.21M
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF	$40.04M	$39.69M	$45.49M

PBUS vs. SPTM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PBUS Invesco PureBeta MSCI USA ETF	10.03%	17.58%	24.99%	27.33%	-19.64%	26.77%	21.75%	31.60%	-4.77%	7.13%
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF	10.61%	16.93%	23.87%	25.55%	-17.75%	28.58%	17.94%	31.34%	-5.30%	7.78%

Correlation

The correlation between PBUS and SPTM is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.99
Correlation (3Y) Balances recent behavior with more history.	0.99
Correlation (5Y) Shows whether the relationship held over a longer period.	0.99
Correlation (All Time) Calculated using the full available price history since Sep 22, 2017	0.90

The correlation between PBUS and SPTM has been stable across timeframes, ranging from 0.90 to 0.99 - a consistent structural relationship.

PBUS vs. SPTM - Sectors Allocation Comparison

Sectors	PBUS	SPTM
Technology	37.9%	36.3%
Financial Services	11.4%	12.5%
Communication Services	9.8%	8.7%
Consumer Cyclical	9.6%	9.1%
Healthcare	9.1%	9.3%
Industrials	9.0%	8.8%
Consumer Defensive	4.5%	4.5%
Energy	3.1%	3.5%
Utilities	2.2%	2.6%
Real Estate	1.8%	2.3%
Basic Materials	1.7%	2.2%

Return for Risk

PBUS vs. SPTM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PBUS

PBUS Risk / Return Rank: 63
PBUS Sharpe Ratio Rank: 63
PBUS Sortino Ratio Rank: 60
PBUS Omega Ratio Rank: 61
PBUS Calmar Ratio Rank: 61
PBUS Martin Ratio Rank: 72

SPTM

SPTM Risk / Return Rank: 70
SPTM Sharpe Ratio Rank: 69
SPTM Sortino Ratio Rank: 66
SPTM Omega Ratio Rank: 67
SPTM Calmar Ratio Rank: 67
SPTM Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PBUS vs. SPTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco PureBeta MSCI USA ETF (PBUS) and SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM). 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.

	PBUS	SPTM	Difference
Sharpe ratio: Return per unit of total volatility	1.47	1.57	-0.10
Sortino ratio: Return per unit of downside risk	2.04	2.18	-0.14
Omega ratio: Gain probability vs. loss probability	1.26	1.28	-0.02
Calmar ratio: Return relative to maximum drawdown	2.13	2.31	-0.18
Martin ratio: Return relative to average drawdown	8.92	10.07	-1.16

PBUS vs. SPTM - Sharpe Ratio Comparison

The current PBUS Sharpe Ratio is 1.47, which is comparable to the SPTM Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of PBUS and SPTM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PBUS vs. SPTM - Drawdown Comparison

The maximum PBUS drawdown since its inception was -33.15%, smaller than the maximum SPTM drawdown of -54.80%. Use the drawdown chart below to compare losses from any high point for PBUS and SPTM.

Drawdown Indicators

	PBUS	SPTM	Difference
Max Drawdown Largest peak-to-trough decline	-33.15%	-54.80%	+21.65%
Max Drawdown (1Y) Largest decline over 1 year	-9.02%	-8.68%	-0.34%
Max Drawdown (3Y) Largest decline over 3 years	-19.07%	-18.87%	-0.20%
Max Drawdown (5Y) Largest decline over 5 years	-25.40%	-24.14%	-1.26%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.66%	—
Current Drawdown Current decline from peak	-1.36%	-1.11%	-0.25%
Average Drawdown Average peak-to-trough decline	-5.07%	-9.00%	+3.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	1.99%	+0.16%

Volatility

PBUS vs. SPTM - Volatility Comparison

Invesco PureBeta MSCI USA ETF (PBUS) and SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) have volatilities of 3.57% and 3.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PBUS	SPTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.57%	3.50%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	10.28%	10.02%	+0.26%
Volatility (1Y) Calculated over the trailing 1-year period	13.07%	12.81%	+0.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.16%	16.97%	+0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.26%	18.03%	+1.23%

PBUS vs. SPTM - Expense Ratio Comparison

PBUS has a 0.04% expense ratio, which is higher than SPTM's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

PBUS vs. SPTM - Dividend Comparison

PBUS's dividend yield for the trailing twelve months is around 1.02%, less than SPTM's 1.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PBUS Invesco PureBeta MSCI USA ETF	1.02%	1.05%	1.20%	1.36%	1.71%	0.98%	1.35%	1.53%	2.33%	0.50%	0.00%	0.00%
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF	1.06%	1.13%	1.28%	1.44%	1.69%	1.25%	1.56%	1.72%	1.90%	1.66%	1.91%	1.92%

Frequently Asked Questions

Can I hold both PBUS and SPTM in my portfolio?

With a correlation of 0.99, PBUS and SPTM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PBUS or SPTM?

PBUS has higher volatility (3.57%) compared to SPTM (3.50%). In terms of maximum drawdown, PBUS dropped -33.15% vs SPTM's -54.80%.

Which ETF is better, PBUS or SPTM?

On 5-year performance, SPTM leads with 12.48% vs 12.30% for PBUS. On fees, SPTM is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PBUS or SPTM?

Over the 5-year period, SPTM has performed better with a 12.48% return vs 12.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PBUS or SPTM?

SPTM is cheaper with a 0.03% expense ratio, compared with 0.04% for PBUS.

Which ETF pays a higher dividend yield, PBUS or SPTM?

SPTM has the higher dividend yield at 1.06%, compared with 1.02% for PBUS.

What is the main difference between PBUS and SPTM?

PBUS is categorized as Large Cap Growth Equities, while SPTM is Large Cap Blend Equities. PBUS tracks MSCI USA Index, while SPTM tracks S&P Composite 1500 Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.04% for PBUS and 0.03% for SPTM.

Which has better risk-adjusted returns?

SPTM currently has the higher Sharpe Ratio (1.57 vs 1.47), 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.