SLJY vs. PBP
SLJY (Amplify SILJ Covered Call ETF) and PBP (Invesco S&P 500 BuyWrite ETF) are both Derivative Income funds. SLJY is actively managed, while PBP is passively managed. Their 0.37 correlation means their historical movements had little consistent relationship. SLJY charges 0.75%/yr vs 0.29%/yr for PBP.
Performance
SLJY vs. PBP - Performance Comparison
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Returns By Period
In the year-to-date period, SLJY achieves a -8.74% return, which is significantly lower than PBP's 7.80% return.
SLJY
- 1D
- -1.88%
- 1M
- -5.80%
- 6M
- -18.48%
- YTD
- -8.74%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
PBP
- 1D
- 0.22%
- 1M
- 1.70%
- 6M
- 6.52%
- YTD
- 7.80%
- 1Y
- 19.22%
- 3Y*
- 11.92%
- 5Y*
- 8.34%
- 10Y*
- 7.27%
- ALL TIME*
- 5.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.16M | $1.09M | $978.18K | |
| $625.04K | $616.66K | $1.25M |
SLJY vs. PBP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SLJY Amplify SILJ Covered Call ETF | -8.74% | 42.11% |
PBP Invesco S&P 500 BuyWrite ETF | 7.80% | 8.80% |
Correlation
The correlation between SLJY and PBP is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025 | 0.37 |
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Return for Risk
SLJY vs. PBP — Risk / Return Rank
SLJY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PBP
SLJY vs. PBP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify SILJ Covered Call ETF (SLJY) 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.
| SLJY | PBP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.51 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.45 | — |
| Martin ratioReturn relative to average drawdown | — | 17.72 | — |
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Drawdowns
SLJY vs. PBP - Drawdown Comparison
The maximum SLJY drawdown since its inception was -35.19%, smaller than the maximum PBP drawdown of -43.43%. Use the drawdown chart below to compare losses from any high point for SLJY and PBP.
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Drawdown Indicators
| SLJY | PBP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.19% | -43.43% | +8.24% |
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 | -33.61% | 0.00% | -33.61% |
Average DrawdownAverage peak-to-trough decline | -13.10% | -6.64% | -6.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.02% | — |
Volatility
SLJY vs. PBP - Volatility Comparison
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Volatility by Period
| SLJY | PBP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.15% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.10% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 49.08% | 7.43% | +41.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.08% | 11.85% | +37.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.08% | 13.66% | +35.42% |
SLJY vs. PBP - Expense Ratio Comparison
SLJY has a 0.75% expense ratio, which is higher than PBP's 0.29% expense ratio.
Dividends
SLJY vs. PBP - Dividend Comparison
SLJY's dividend yield for the trailing twelve months is around 24.90%, more than PBP's 11.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBP Invesco S&P 500 BuyWrite ETF | 11.39% | 11.12% | 9.36% | 3.35% | 1.33% | 6.21% | 1.41% | 5.04% | 2.59% | 10.86% | 2.56% | 6.19% |
SLJY Amplify SILJ Covered Call ETF | 24.90% | 6.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SLJY and PBP have a correlation of 0.37, 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 0.75% for SLJY.
SLJY has the higher dividend yield at 24.90%, compared with 11.39% for PBP.
They also come from different issuers: Amplify and Invesco. Their fees differ too: 0.75% for SLJY and 0.29% for PBP.
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