TMYY vs. PBP
TMYY (GraniteShares YieldBOOST TSM ETF) and PBP (Invesco S&P 500 BuyWrite ETF) are both Derivative Income funds. TMYY is actively managed, while PBP is passively managed. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
TMYY vs. PBP - Performance Comparison
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Returns By Period
TMYY
- 1D
- 3.17%
- 1M
- 4.32%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PBP
- 1D
- 0.71%
- 1M
- 0.47%
- YTD
- 5.30%
- 6M
- 5.12%
- 1Y
- 16.61%
- 3Y*
- 11.36%
- 5Y*
- 7.81%
- 10Y*
- 7.05%
TMYY vs. PBP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TMYY GraniteShares YieldBOOST TSM ETF | 15.23% |
PBP Invesco S&P 500 BuyWrite ETF | 4.14% |
Correlation
The correlation between TMYY and PBP is 0.50, 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 Apr 14, 2026 | 0.50 |
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Return for Risk
TMYY vs. PBP — Risk / Return Rank
TMYY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PBP
TMYY vs. PBP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST TSM ETF (TMYY) 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.
| TMYY | PBP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.50 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.19 | — |
| Martin ratioReturn relative to average drawdown | — | 16.46 | — |
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Drawdowns
TMYY vs. PBP - Drawdown Comparison
The maximum TMYY drawdown since its inception was -3.40%, smaller than the maximum PBP drawdown of -43.43%. Use the drawdown chart below to compare losses from any high point for TMYY and PBP.
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Drawdown Indicators
| TMYY | PBP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.40% | -43.43% | +40.03% |
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 | -0.34% | -0.18% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -0.54% | -6.67% | +6.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.01% | — |
Volatility
TMYY vs. PBP - Volatility Comparison
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Volatility by Period
| TMYY | PBP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.48% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.97% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.86% | 7.18% | +11.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.86% | 11.87% | +6.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.86% | 13.66% | +5.20% |
Dividends
TMYY vs. PBP - Dividend Comparison
TMYY's dividend yield for the trailing twelve months is around 15.68%, more than PBP's 11.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBP Invesco S&P 500 BuyWrite ETF | 11.26% | 11.12% | 9.36% | 3.35% | 1.33% | 6.21% | 1.41% | 5.04% | 2.59% | 10.86% | 2.56% | 6.19% |
TMYY GraniteShares YieldBOOST TSM ETF | 15.68% | 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
TMYY and PBP have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMYY has the higher dividend yield at 15.68%, compared with 11.26% for PBP.
They also come from different issuers: GraniteShares and Invesco.
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