SCA vs. PBP
SCA (GraniteShares Autocallable SMCI ETF) and PBP (Invesco S&P 500 BuyWrite ETF) are both Derivative Income funds. SCA is actively managed, while PBP is passively managed. At a 0.38 correlation, their price movements are largely independent. SCA charges 1.07%/yr vs 0.29%/yr for PBP.
Performance
SCA vs. PBP - Performance Comparison
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Returns By Period
SCA
- 1D
- 6.52%
- 1M
- -10.69%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
PBP
- 1D
- 0.41%
- 1M
- 2.19%
- 6M
- 8.23%
- YTD
- 7.57%
- 1Y
- 18.15%
- 3Y*
- 11.95%
- 5Y*
- 8.35%
- 10Y*
- 7.24%
- ALL TIME*
- 5.32%
SCA vs. PBP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
SCA GraniteShares Autocallable SMCI ETF | -18.50% |
PBP Invesco S&P 500 BuyWrite ETF | 3.04% |
Correlation
The correlation between SCA and PBP is 0.38, 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 May 27, 2026 | 0.38 |
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Return for Risk
SCA vs. PBP — Risk / Return Rank
SCA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PBP
SCA vs. PBP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Autocallable SMCI ETF (SCA) 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.
| SCA | PBP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.54 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.49 | — |
| Martin ratioReturn relative to average drawdown | — | 17.99 | — |
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Drawdowns
SCA vs. PBP - Drawdown Comparison
The maximum SCA drawdown since its inception was -27.40%, smaller than the maximum PBP drawdown of -43.43%. Use the drawdown chart below to compare losses from any high point for SCA and PBP.
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Drawdown Indicators
| SCA | PBP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.40% | -43.43% | +16.03% |
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 | -22.66% | 0.00% | -22.66% |
Average DrawdownAverage peak-to-trough decline | -13.13% | -6.65% | -6.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.01% | — |
Volatility
SCA vs. PBP - Volatility Comparison
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Volatility by Period
| SCA | PBP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.62% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.06% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 49.40% | 7.22% | +42.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.40% | 11.84% | +37.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.40% | 13.66% | +35.74% |
SCA vs. PBP - Expense Ratio Comparison
SCA has a 1.07% expense ratio, which is higher than PBP's 0.29% expense ratio.
Dividends
SCA vs. PBP - Dividend Comparison
SCA's dividend yield for the trailing twelve months is around 8.48%, less than PBP's 11.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBP Invesco S&P 500 BuyWrite ETF | 11.42% | 11.12% | 9.36% | 3.35% | 1.33% | 6.21% | 1.41% | 5.04% | 2.59% | 10.86% | 2.56% | 6.19% |
SCA GraniteShares Autocallable SMCI ETF | 8.48% | 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
SCA and PBP have a correlation of 0.38, 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 1.07% for SCA.
PBP has the higher dividend yield at 11.42%, compared with 8.48% for SCA.
They also come from different issuers: GraniteShares and Invesco. Their fees differ too: 1.07% for SCA and 0.29% for PBP.
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