PBUS vs. SPY
Compare and contrast key facts about Invesco PureBeta MSCI USA ETF (PBUS) and SPDR S&P 500 ETF (SPY).
PBUS and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PBUS is a passively managed fund by Invesco that tracks the performance of the MSCI USA Index. It was launched on Sep 22, 2017. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both PBUS and SPY 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: PBUS or SPY.
Performance
PBUS vs. SPY - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with PBUS having a 24.97% return and SPY slightly lower at 24.91%.
PBUS
24.97%
0.89%
11.98%
32.85%
15.58%
N/A
SPY
24.91%
0.61%
11.66%
32.24%
15.43%
13.04%
Key characteristics
| PBUS | SPY | |
|---|---|---|
| Sharpe Ratio | 2.69 | 2.67 |
| Sortino Ratio | 3.58 | 3.56 |
| Omega Ratio | 1.50 | 1.50 |
| Calmar Ratio | 3.91 | 3.85 |
| Martin Ratio | 17.53 | 17.38 |
| Ulcer Index | 1.89% | 1.86% |
| Daily Std Dev | 12.36% | 12.17% |
| Max Drawdown | -33.16% | -55.19% |
| Current Drawdown | -1.81% | -1.77% |
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PBUS vs. SPY - Expense Ratio Comparison
PBUS has a 0.04% expense ratio, which is lower than SPY's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between PBUS and SPY is 0.84, 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.
Risk-Adjusted Performance
PBUS vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco PureBeta MSCI USA ETF (PBUS) and SPDR S&P 500 ETF (SPY). 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
PBUS vs. SPY - Dividend Comparison
PBUS's dividend yield for the trailing twelve months is around 1.19%, which matches SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBUS Invesco PureBeta MSCI USA ETF | 1.19% | 1.36% | 1.71% | 0.97% | 1.35% | 1.53% | 2.33% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
PBUS vs. SPY - Drawdown Comparison
The maximum PBUS drawdown since its inception was -33.16%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PBUS and SPY. For additional features, visit the drawdowns tool.
Volatility
PBUS vs. SPY - Volatility Comparison
Invesco PureBeta MSCI USA ETF (PBUS) and SPDR S&P 500 ETF (SPY) have volatilities of 4.17% and 4.08%, 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.