TSLP vs. PBP
Compare and contrast key facts about Kurv Yield Premium Strategy Tesla ETF (TSLP) and Invesco S&P 500 BuyWrite ETF (PBP).
TSLP and PBP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSLP is an actively managed fund by Kurv. It was launched on Oct 26, 2023. PBP is a passively managed fund by Invesco that tracks the performance of the Cboe S&P 500 BuyWrite Index. It was launched on Dec 20, 2007.
Performance
TSLP vs. PBP - Performance Comparison
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TSLP vs. PBP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TSLP Kurv Yield Premium Strategy Tesla ETF | -16.66% | 9.77% | 41.53% | 18.42% |
PBP Invesco S&P 500 BuyWrite ETF | -0.63% | 8.49% | 19.83% | 6.44% |
Returns By Period
In the year-to-date period, TSLP achieves a -16.66% return, which is significantly lower than PBP's -0.63% return.
TSLP
- 1D
- 2.91%
- 1M
- -6.34%
- YTD
- -16.66%
- 6M
- -14.67%
- 1Y
- 29.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PBP
- 1D
- 0.41%
- 1M
- -2.60%
- YTD
- -0.63%
- 6M
- 5.67%
- 1Y
- 11.15%
- 3Y*
- 10.89%
- 5Y*
- 7.57%
- 10Y*
- 6.74%
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TSLP vs. PBP - Expense Ratio Comparison
TSLP has a 0.99% expense ratio, which is higher than PBP's 0.29% expense ratio.
Return for Risk
TSLP vs. PBP — Risk / Return Rank
TSLP
PBP
TSLP vs. PBP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Tesla ETF (TSLP) 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.
| TSLP | PBP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.61 | 0.79 | -0.17 |
Sortino ratioReturn per unit of downside risk | 1.14 | 1.25 | -0.11 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.24 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.15 | 0.00 |
Martin ratioReturn relative to average drawdown | 3.29 | 6.53 | -3.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TSLP | PBP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 0.79 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.64 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.33 | +0.07 |
Correlation
The correlation between TSLP and PBP is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
TSLP vs. PBP - Dividend Comparison
TSLP's dividend yield for the trailing twelve months is around 31.23%, more than PBP's 11.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSLP Kurv Yield Premium Strategy Tesla ETF | 31.23% | 31.05% | 21.82% | 4.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PBP Invesco S&P 500 BuyWrite ETF | 11.58% | 11.12% | 9.36% | 3.35% | 1.33% | 6.21% | 1.41% | 5.04% | 2.59% | 10.86% | 2.56% | 6.19% |
Drawdowns
TSLP vs. PBP - Drawdown Comparison
The maximum TSLP drawdown since its inception was -46.00%, which is greater than PBP's maximum drawdown of -43.43%. Use the drawdown chart below to compare losses from any high point for TSLP and PBP.
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Drawdown Indicators
| TSLP | PBP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.00% | -43.43% | -2.57% |
Max Drawdown (1Y)Largest decline over 1 year | -29.39% | -10.20% | -19.19% |
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 | -23.01% | -2.89% | -20.12% |
Average DrawdownAverage peak-to-trough decline | -15.37% | -6.75% | -8.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.27% | 1.80% | +8.47% |
Volatility
TSLP vs. PBP - Volatility Comparison
Kurv Yield Premium Strategy Tesla ETF (TSLP) has a higher volatility of 12.98% compared to Invesco S&P 500 BuyWrite ETF (PBP) at 4.10%. This indicates that TSLP's price experiences larger fluctuations and is considered to be riskier than PBP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLP | PBP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.98% | 4.10% | +8.88% |
Volatility (6M)Calculated over the trailing 6-month period | 28.32% | 5.98% | +22.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.04% | 14.26% | +33.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.93% | 11.95% | +36.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.93% | 13.68% | +35.25% |