WPAY vs. PBP
Compare and contrast key facts about Roundhill WeeklyPay™ Universe ETF (WPAY) and Invesco S&P 500 BuyWrite ETF (PBP).
WPAY and PBP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WPAY is a passively managed fund by Roundhill that tracks the performance of the Solactive Roundhill WeeklyPay™ Universe Index. It was launched on Sep 3, 2025. 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. Both WPAY and PBP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
WPAY vs. PBP - Performance Comparison
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WPAY vs. PBP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WPAY Roundhill WeeklyPay™ Universe ETF | -10.65% | -2.47% |
PBP Invesco S&P 500 BuyWrite ETF | -0.63% | 7.86% |
Returns By Period
In the year-to-date period, WPAY achieves a -10.65% return, which is significantly lower than PBP's -0.63% return.
WPAY
- 1D
- -1.58%
- 1M
- -3.42%
- YTD
- -10.65%
- 6M
- -19.86%
- 1Y
- —
- 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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WPAY vs. PBP - Expense Ratio Comparison
WPAY has a 0.99% expense ratio, which is higher than PBP's 0.29% expense ratio.
Return for Risk
WPAY vs. PBP — Risk / Return Rank
WPAY
PBP
WPAY vs. PBP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill WeeklyPay™ Universe ETF (WPAY) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| WPAY | PBP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.79 | — |
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 | -0.78 | 0.33 | -1.11 |
Correlation
The correlation between WPAY and PBP is 0.64, 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
WPAY vs. PBP - Dividend Comparison
WPAY's dividend yield for the trailing twelve months is around 36.55%, more than PBP's 11.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WPAY Roundhill WeeklyPay™ Universe ETF | 36.55% | 21.51% | 0.00% | 0.00% | 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
WPAY vs. PBP - Drawdown Comparison
The maximum WPAY drawdown since its inception was -26.17%, smaller than the maximum PBP drawdown of -43.43%. Use the drawdown chart below to compare losses from any high point for WPAY and PBP.
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Drawdown Indicators
| WPAY | PBP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.17% | -43.43% | +17.26% |
Max Drawdown (1Y)Largest decline over 1 year | — | -10.20% | — |
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 | -25.35% | -2.89% | -22.46% |
Average DrawdownAverage peak-to-trough decline | -11.92% | -6.75% | -5.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.80% | — |
Volatility
WPAY vs. PBP - Volatility Comparison
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Volatility by Period
| WPAY | PBP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.10% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.98% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 28.83% | 14.26% | +14.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.83% | 11.95% | +16.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.83% | 13.68% | +15.15% |