Skip to Content
ETFs

Invesco S&P 500 BuyWrite ETF

PBP
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Dec 20, 2007
Expense Ratio
0.49%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$205,731
AUM
$91,187,362
Associated Index
CBOE S&P 500 BuyWrite Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

AAPL
Apple Inc
7.07%
MSFT
Microsoft Corporation
6.48%
AMZN
Amazon.com Inc.
3.23%
NVDA
NVIDIA Corp
2.83%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
2.13%
TSLA
Tesla Inc
1.86%
META
Meta Platforms Inc - Ordinary Shares - Class A
1.83%
GOOG
Alphabet Inc - Ordinary Shares - Class C
1.82%
BRK/B
Berkshire Hathaway Inc. - Ordinary Shares - Class B
1.81%
UNH
Unitedhealth Group Inc
1.29%
Invest with PBP
Trade PBP Options

What is PBP?

The The Invesco S&P 500 BuyWrite ETF (Fund) is based on the CBOE S&P 500 BuyWrite Index, (Index). The Fund generally will invest at least 90% of its total assets in securities that comprise the Index and will write (sell) call options thereon. The Index is a total return benchmark index that is designed to track the performance of a hypothetical "buy-write" strategy on the S&P 500 Index. The Index measures the total rate of return of an S&P 500 covered call strategy. This strategy consists of holding a long position indexed to the S&P 500 Index and selling a succession of covered call options, each with an exercise price at or above the prevailing price level of the S&P 500 Index. Dividends paid on the component stocks underlying the S&P 500 and the dollar value of option premiums received from written options are reinvested. The Fund and the Index are rebalanced and reconstituted quarterly.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

PBP
Performance Measures**

for the time period Dec 20, 2007 to Dec 4, 2025

Returns

1M Trailing Return: 2.7%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 6.3%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -43.4%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 15.3%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.39

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.11

The annualized return divided by the max drawdown for the selected time period.

ETFs related toPBP

ETFs correlated to PBP include XYLD, PUTW, FTHI

PBP
Invesco Capital Management LLC - Invesco S&P 500 BuyWrite ETF
XYLD
Global X Funds - Global X S&P 500 Covered Call ETF
PUTW
WisdomTree Trust - WisdomTree PutWrite Strategy Fund
FTHI
First Trust Exchange-Traded Fund VI - First Trust BuyWrite Income ETF
RYLD
Global X Funds - Global X Russell 2000 Covered Call ETF
QYLD
Global X Funds - Global X NASDAQ 100 Covered Call ETF
PJAN
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - January
JEPI
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Equity Premium Income ETF
XJUN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - June
XBJL
Innovator ETFs Trust - Innovator U.S. Equity Accelerated 9 Buffer ETF - July
CGUS
Capital Group Companies Inc - Capital Group Core Equity ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toPBP

AutoSignals | (TQQQ or SH? Edition)

Category

Trend-following, risk-on/off, RSI and moving-average filters, cross-asset signals, TQQQ vs SH toggle, high turnover, leveraged ETF

OOS Cumulative Return

0.92%

Create your own algorithmic trading strategy with PBP using Composer

FAQ

PBP is a US Equities ETF. The The Invesco S&P 500 BuyWrite ETF (Fund) is based on the CBOE S&P 500 BuyWrite Index, (Index). The Fund generally will invest at least 90% of its total assets in securities that comprise the Index and will write (sell) call options thereon. The Index is a total return benchmark index that is designed to track the performance of a hypothetical "buy-write" strategy on the S&P 500 Index. The Index measures the total rate of return of an S&P 500 covered call strategy. This strategy consists of holding a long position indexed to the S&P 500 Index and selling a succession of covered call options, each with an exercise price at or above the prevailing price level of the S&P 500 Index. Dividends paid on the component stocks underlying the S&P 500 and the dollar value of option premiums received from written options are reinvested. The Fund and the Index are rebalanced and reconstituted quarterly.

PBP tracks the CBOE S&P 500 BuyWrite Index.

No, PBP is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, PBP is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PBP is -0.0066%. This is the percent change in the value of PBP over the most recent 1-month period. The 3-month return on PBP is -0.0028%. This is the percent change in the value of PBP over the most recent 3-month period.

The standard deviation of PBP for the past year is 0.1082%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PBP include PKW, VIXY, and PTLC.

ETFs correlated to PBP include XYLD, PUTW, and FTHI.

ETFs that are inversely correlated to PBP include SPDN, SH, and SPXU.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.