QVOL vs. PBP
QVOL (Infrastructure Capital Nasdaq Option Income ETF) and PBP (Invesco S&P 500 BuyWrite ETF) are both Derivative Income funds. QVOL is actively managed, while PBP is passively managed. A 0.76 correlation means they provide meaningful diversification when combined. QVOL charges 0.82%/yr vs 0.29%/yr for PBP.
Performance
QVOL vs. PBP - Performance Comparison
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Returns By Period
QVOL
- 1D
- 3.38%
- 1M
- 6.29%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PBP
- 1D
- 0.26%
- 1M
- 1.32%
- YTD
- 5.26%
- 6M
- 6.02%
- 1Y
- 17.81%
- 3Y*
- 11.89%
- 5Y*
- 8.24%
- 10Y*
- 7.13%
QVOL vs. PBP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
QVOL Infrastructure Capital Nasdaq Option Income ETF | 8.42% |
PBP Invesco S&P 500 BuyWrite ETF | 1.71% |
Correlation
The correlation between QVOL and PBP is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 12, 2026 | 0.76 |
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Return for Risk
QVOL vs. PBP — Risk / Return Rank
QVOL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PBP
QVOL vs. PBP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Infrastructure Capital Nasdaq Option Income ETF (QVOL) and Invesco S&P 500 BuyWrite ETF (PBP). 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.
| QVOL | PBP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.52 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.30 | — |
| Martin ratioReturn relative to average drawdown | — | 17.18 | — |
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Drawdowns
QVOL vs. PBP - Drawdown Comparison
The maximum QVOL drawdown since its inception was -8.29%, smaller than the maximum PBP drawdown of -43.43%. Use the drawdown chart below to compare losses from any high point for QVOL and PBP.
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Drawdown Indicators
| QVOL | PBP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.29% | -43.43% | +35.14% |
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 DrawdownCurrent decline from peak | -0.64% | -0.22% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -6.68% | +4.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.00% | — |
Volatility
QVOL vs. PBP - Volatility Comparison
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Volatility by Period
| QVOL | PBP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.29% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.93% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 32.53% | 7.16% | +25.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.53% | 11.89% | +20.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.53% | 13.68% | +18.85% |
QVOL vs. PBP - Expense Ratio Comparison
QVOL has a 0.82% expense ratio, which is higher than PBP's 0.29% expense ratio.
Dividends
QVOL vs. PBP - Dividend Comparison
QVOL's dividend yield for the trailing twelve months is around 0.94%, less than PBP's 11.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBP Invesco S&P 500 BuyWrite ETF | 11.12% | 11.12% | 9.36% | 3.35% | 1.33% | 6.21% | 1.41% | 5.04% | 2.59% | 10.86% | 2.56% | 6.19% |
QVOL Infrastructure Capital Nasdaq Option Income ETF | 0.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QVOL and PBP have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
PBP is cheaper with a 0.29% expense ratio, compared with 0.82% for QVOL.
PBP has the higher dividend yield at 11.12%, compared with 0.94% for QVOL.
They also come from different issuers: Infrastructure Capital Advisors and Invesco. Their fees differ too: 0.82% for QVOL and 0.29% for PBP.
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