PBP vs VTI
PBP vs VTI
Invesco S&P 500 BuyWrite ETF vs Vanguard Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 2783 holdings.
Side-by-Side Comparison
| Metric | PBP | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.03% | |
| AUM | $354M | $663.5B | |
| Dividend Yield | 10.25% | 1.07% | |
| Holdings | 506 | 3,543 | |
| YTD Return | +0.96% | +10.14% | |
| 1Y Return | +8.75% | +19.82% | |
| 3Y Return (annualized) | +11.35% | +18.94% | |
| 5Y Return (annualized) | +7.89% | +11.79% | |
| Volatility (annualized) | 49.6% | 15.4% | |
| Max Drawdown | -79.6% | -56.6% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 20, 2007 | May 24, 2001 |
PBP vs VTI Performance
Invesco S&P 500 BuyWrite ETF (PBP) is a ETF from Invesco (US) and Vanguard Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year PBP returned +8.75% while VTI returned +19.82%. Year to date, PBP is up 0.96% versus a gain of 10.14% for VTI.
Over three years, PBP compounded at +11.35% per year against +18.94% for VTI; over five years the annualized figures are +7.89% and +11.79% respectively. Across the full 19-year window we track, VTI has the edge at +7.99% annualized vs +5.57%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PBP has been the more volatile fund, with annualized monthly volatility of 49.6% compared with 15.4% for VTI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -79.6% for PBP and -56.6% for VTI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.13. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PBP charges 0.29% per year while VTI charges 0.03%. On a $10,000 position that is $29 vs $3 annually, a gap of $26 per year that compounds over a long holding period. On income, PBP currently yields 10.25% against 1.07% for VTI.
Holdings Overlap
PBP and VTI share 461 holdings out of 2821 unique holdings combined, representing a 83.5% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in PBP | Weight in VTI | Difference |
|---|---|---|---|
| NVDA | 7.45% | 6.32% | 1.13% |
| AAPL | 6.53% | 5.84% | 0.69% |
| MSFT | 4.32% | 3.81% | 0.51% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
See all 10 holdings PBP shares with VTI Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, PBP or VTI?
PBP has an expense ratio of 0.29% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, PBP or VTI?
Over the past year PBP returned +8.75% vs +19.82% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (19 years), PBP annualized +5.57% vs +7.99% for VTI. Past performance does not guarantee future results.
Which is riskier, PBP or VTI?
PBP has been the more volatile fund at 49.6% annualized versus 15.4% for VTI. Worst drawdown: PBP -79.6% vs VTI -56.6%.
Should I hold both PBP and VTI?
PBP and VTI have a monthly-return correlation of 0.13, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PBP and VTI?
PBP and VTI share 461 common holdings with a 83.5% weight overlap. Combined, they hold 2821 unique securities.
Which pays a higher dividend, PBP or VTI?
PBP yields 10.25% while VTI yields 1.07%, so PBP currently pays the higher dividend yield.
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