XXV vs. PBP
XXV (Simplify Ancorato Target 25 Distribution ETF) and PBP (Invesco S&P 500 BuyWrite ETF) are both Derivative Income funds. XXV is actively managed, while PBP is passively managed. At a 0.49 correlation, their price movements are largely independent. XXV charges 0.85%/yr vs 0.29%/yr for PBP.
Performance
XXV vs. PBP - Performance Comparison
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Returns By Period
In the year-to-date period, XXV achieves a 4.52% return, which is significantly lower than PBP's 4.90% return.
XXV
- 1D
- -0.58%
- 1M
- 3.95%
- YTD
- 4.52%
- 6M
- 5.13%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PBP
- 1D
- -0.17%
- 1M
- 2.03%
- YTD
- 4.90%
- 6M
- 6.44%
- 1Y
- 18.32%
- 3Y*
- 11.58%
- 5Y*
- 8.10%
- 10Y*
- 7.14%
XXV vs. PBP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XXV Simplify Ancorato Target 25 Distribution ETF | 4.52% | 4.10% |
PBP Invesco S&P 500 BuyWrite ETF | 4.90% | 4.06% |
Correlation
The correlation between XXV and PBP is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025 | 0.49 |
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Return for Risk
XXV vs. PBP — Risk / Return Rank
XXV
PBP
XXV vs. PBP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Ancorato Target 25 Distribution ETF (XXV) 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
| XXV | PBP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.68 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.69 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.38 | 0.35 | +1.03 |
Drawdowns
XXV vs. PBP - Drawdown Comparison
The maximum XXV drawdown since its inception was -8.90%, smaller than the maximum PBP drawdown of -43.43%. Use the drawdown chart below to compare losses from any high point for XXV and PBP.
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Drawdown Indicators
| XXV | PBP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.90% | -43.43% | +34.53% |
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 | -1.74% | -0.17% | -1.57% |
Average DrawdownAverage peak-to-trough decline | -2.09% | -6.69% | +4.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.98% | — |
Volatility
XXV vs. PBP - Volatility Comparison
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Volatility by Period
| XXV | PBP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.93% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.53% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.52% | 6.87% | +5.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.52% | 11.86% | +0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.52% | 13.66% | -1.14% |
XXV vs. PBP - Expense Ratio Comparison
XXV has a 0.85% expense ratio, which is higher than PBP's 0.29% expense ratio.
Dividends
XXV vs. PBP - Dividend Comparison
XXV's dividend yield for the trailing twelve months is around 12.84%, more than PBP's 11.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBP Invesco S&P 500 BuyWrite ETF | 11.16% | 11.12% | 9.36% | 3.35% | 1.33% | 6.21% | 1.41% | 5.04% | 2.59% | 10.86% | 2.56% | 6.19% |
XXV Simplify Ancorato Target 25 Distribution ETF | 12.84% | 2.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XXV and PBP have a correlation of 0.49, 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 0.85% for XXV.
XXV has the higher dividend yield at 12.84%, compared with 11.16% for PBP.
They also come from different issuers: Simplify and Invesco. Their fees differ too: 0.85% for XXV and 0.29% for PBP.
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