SEPI vs. PBP
SEPI (Shelton Equity Premium Income ETF) and PBP (Invesco S&P 500 BuyWrite ETF) are both Derivative Income funds. SEPI is actively managed, while PBP is passively managed. A 0.72 correlation means they provide meaningful diversification when combined. SEPI charges 0.54%/yr vs 0.29%/yr for PBP.
Performance
SEPI vs. PBP - Performance Comparison
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Returns By Period
In the year-to-date period, SEPI achieves a 11.55% return, which is significantly higher than PBP's 7.22% return.
SEPI
- 1D
- -0.95%
- 1M
- 0.55%
- 6M
- 10.21%
- YTD
- 11.55%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PBP
- 1D
- -0.04%
- 1M
- 1.86%
- 6M
- 6.34%
- YTD
- 7.22%
- 1Y
- 17.66%
- 3Y*
- 11.78%
- 5Y*
- 8.42%
- 10Y*
- 7.23%
SEPI vs. PBP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SEPI Shelton Equity Premium Income ETF | 11.55% | 6.25% |
PBP Invesco S&P 500 BuyWrite ETF | 7.22% | 7.86% |
Correlation
The correlation between SEPI and PBP is 0.72, 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 Sep 8, 2025 | 0.73 |
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Return for Risk
SEPI vs. PBP — Risk / Return Rank
SEPI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PBP
SEPI vs. PBP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shelton Equity Premium Income ETF (SEPI) 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.
| SEPI | PBP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.53 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.40 | — |
| Martin ratioReturn relative to average drawdown | — | 17.50 | — |
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Drawdowns
SEPI vs. PBP - Drawdown Comparison
The maximum SEPI drawdown since its inception was -7.66%, smaller than the maximum PBP drawdown of -43.43%. Use the drawdown chart below to compare losses from any high point for SEPI and PBP.
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Drawdown Indicators
| SEPI | PBP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.66% | -43.43% | +35.77% |
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 | -1.02% | -0.04% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -1.41% | -6.65% | +5.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.01% | — |
Volatility
SEPI vs. PBP - Volatility Comparison
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Volatility by Period
| SEPI | PBP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.59% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.04% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.56% | 7.23% | +5.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.56% | 11.86% | +0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.56% | 13.65% | -1.09% |
SEPI vs. PBP - Expense Ratio Comparison
SEPI has a 0.54% expense ratio, which is higher than PBP's 0.29% expense ratio.
Dividends
SEPI vs. PBP - Dividend Comparison
SEPI's dividend yield for the trailing twelve months is around 5.41%, less than PBP's 11.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBP Invesco S&P 500 BuyWrite ETF | 11.06% | 11.12% | 9.36% | 3.35% | 1.33% | 6.21% | 1.41% | 5.04% | 2.59% | 10.86% | 2.56% | 6.19% |
SEPI Shelton Equity Premium Income ETF | 5.41% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SEPI and PBP have a correlation of 0.72, 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 0.54% for SEPI.
PBP has the higher dividend yield at 11.06%, compared with 5.41% for SEPI.
They also come from different issuers: Shelton and Invesco. Their fees differ too: 0.54% for SEPI and 0.29% for PBP.
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