YLDE vs. PBP
Compare and contrast key facts about ClearBridge Dividend Strategy ESG ETF (YLDE) and Invesco S&P 500 BuyWrite ETF (PBP).
YLDE and PBP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YLDE is an actively managed fund by Franklin Templeton. It was launched on May 22, 2017. 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
YLDE vs. PBP - Performance Comparison
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YLDE vs. PBP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
YLDE ClearBridge Dividend Strategy ESG ETF | 0.78% | 13.09% | 16.44% | 15.69% | -8.56% | 22.12% | 10.35% | 32.46% | -5.74% | 11.35% |
PBP Invesco S&P 500 BuyWrite ETF | -0.63% | 8.49% | 19.83% | 11.59% | -11.82% | 19.97% | -3.31% | 14.60% | -5.57% | 5.71% |
Returns By Period
In the year-to-date period, YLDE achieves a 0.78% return, which is significantly higher than PBP's -0.63% return.
YLDE
- 1D
- 0.14%
- 1M
- -5.24%
- YTD
- 0.78%
- 6M
- 2.35%
- 1Y
- 11.58%
- 3Y*
- 14.55%
- 5Y*
- 10.37%
- 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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YLDE vs. PBP - Expense Ratio Comparison
YLDE has a 0.60% expense ratio, which is higher than PBP's 0.29% expense ratio.
Return for Risk
YLDE vs. PBP — Risk / Return Rank
YLDE
PBP
YLDE vs. PBP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearBridge Dividend Strategy ESG ETF (YLDE) 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.
| YLDE | PBP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.87 | 0.79 | +0.08 |
Sortino ratioReturn per unit of downside risk | 1.24 | 1.25 | -0.01 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.24 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.20 | 1.15 | +0.05 |
Martin ratioReturn relative to average drawdown | 5.21 | 6.53 | -1.32 |
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
| YLDE | PBP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 0.79 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.64 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.33 | +0.40 |
Correlation
The correlation between YLDE and PBP is 0.49, 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
YLDE vs. PBP - Dividend Comparison
YLDE's dividend yield for the trailing twelve months is around 7.03%, less than PBP's 11.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
YLDE ClearBridge Dividend Strategy ESG ETF | 7.03% | 5.68% | 1.69% | 1.64% | 1.68% | 1.15% | 1.46% | 1.65% | 2.25% | 1.31% | 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
YLDE vs. PBP - Drawdown Comparison
The maximum YLDE drawdown since its inception was -33.23%, smaller than the maximum PBP drawdown of -43.43%. Use the drawdown chart below to compare losses from any high point for YLDE and PBP.
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Drawdown Indicators
| YLDE | PBP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.23% | -43.43% | +10.20% |
Max Drawdown (1Y)Largest decline over 1 year | -9.72% | -10.20% | +0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -20.22% | -18.61% | -1.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.31% | — |
Current DrawdownCurrent decline from peak | -5.64% | -2.89% | -2.75% |
Average DrawdownAverage peak-to-trough decline | -3.57% | -6.75% | +3.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 1.80% | +0.43% |
Volatility
YLDE vs. PBP - Volatility Comparison
The current volatility for ClearBridge Dividend Strategy ESG ETF (YLDE) is 3.58%, while Invesco S&P 500 BuyWrite ETF (PBP) has a volatility of 4.10%. This indicates that YLDE experiences smaller price fluctuations and is considered to be less risky 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
| YLDE | PBP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.58% | 4.10% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 7.07% | 5.98% | +1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.40% | 14.26% | -0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.55% | 11.95% | +1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.86% | 13.68% | +2.18% |