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PBUSvsOVLETF Comparison

ETF 1

PBUS

Invesco PureBeta MSCI USA ETF

This fund is part of

US Large Cap

-0.42%

Full PBUS fund page

VS

ETF 2

OVL

Overlay Shares Large Cap Equity ETF

This fund is part of

Options Strategies

-0.16%

Full OVL fund page

Invesco PureBeta MSCI USA ETF (PBUS) belongs to the US Large Cap segment. Overlay Shares Large Cap Equity ETF (OVL) is part of the Options Strategies segment. PBUS's top 3 sector exposures are Information Technology, Communication Services and Financials. In contrast, OVL's top sector exposures are Information Technology, Financials and Communication Services. PBUS is less expensive with a Total Expense Ratio (TER) of 0.04%, versus 0.79% for OVL. PBUS is up 4.43% year-to-date (YTD) with -$271M in YTD flows. OVL performs better with 6.45% YTD performance, and +$29M in YTD flows. Run a side-by-side ETF comparison of PBUS and OVL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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PBUS vs OVL performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/28/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PBUS OVL	+12.61%+13.51%	+2.43%+3.86%	+4.43%+6.45%	+30.33%+36.04%	+78.96%+84.49%	+79.11%+83.13%
Flows	PBUS OVL	+$161M+$36M	-$282M+$30M	-$271M+$29M	+$2.77B-$9M	+$5.26B-$3M	+$5.89B+$17M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PBUS OVL	+15.42%+17.24%	+12.59%+14.33%	+15.07%+17.06%	+17.16%+18.96%
Max drawdown	PBUS OVL	-9.04%-8.71%	-9.06%-8.71%	-19.13%-21.55%	-25.42%-28.68%
Max drawdown duration	PBUS OVL	76d47d	77d47d	126d133d	715d745d

Trading data

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	PBUS	OVL
Last sale 4/29/2026 at 1:30 PM	$71.29	$54.75
Previous close 04/28/2026	$71.31	$54.69
Consolidated volume 04/28/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 2026

1-year trailing difference

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OVL

is actively managed and doesn’t replicate an index

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	PBUS	OVL
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/29/2026 at 1:30 PM

Live

Closed

	PBUS	OVL
Last price	$71.29	$54.75
1D performance	-0.03%	+0.11%
AuM	$10.74 B	$215.47 M
E/R	0.04%	0.79%

Characteristics

	PBUS	OVL
Management strategy	Passive	Active
Provider	Invesco	Overlay Shares
Benchmark	MSCI USA Index	-
N° of holdings	503	478
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	September 22, 2017	September 25, 2019
ESG	No	No

More PBUS data on Trackinsight

More OVL data on Trackinsight

Exposure

Countries

PBUS

USA

96.7%

Other

3.3%

OVL

USA

96.79%

Other

3.21%

Sectors

PBUS

Information Techn.

33.83%

Communication Ser.

10.09%

Financials

10.01%

Consumer Discreti.

9.94%

Health Care

9.46%

Industrials

8.46%

Other

18.22%

OVL

Information Techn.

33.91%

Financials

10.25%

Communication Ser.

10.23%

Consumer Discreti.

10.02%

Health Care

9.32%

Industrials

8.33%

Other

17.93%

Diversification

PBUS

Total weight of top 15 holdings out of 15

40.8%

OVL

Total weight of top 15 holdings out of 15

42.43%

Top 15 holdings

Data as of March 31, 2026

PBUS

NVIDIA

7.36%

APPLE

6.61%

MICROSOFT-T

4.55%

AMAZON.COM INC

3.47%

ALPHABET INC-CL

2.88%

BROADCOM LIMITED

2.45%

ALPHABET INC-CL

2.41%

META PLATFORMS

2.07%

TESLA

1.85%

JPMORGAN CHASE

1.39%

EXXON

1.30%

LILLY

1.28%

BERKSHIRE HATHWAY

1.16%

JOHNSON&JOHNSON

1.05%

WALMART INC

0.97%

OVL

NVIDIA

7.58%

APPLE

6.66%

MICROSOFT-T

4.92%

AMAZON.COM INC

3.64%

ALPHABET INC-CL

2.99%

BROADCOM LIMITED

2.62%

ALPHABET INC-CL

2.40%

META PLATFORMS

2.24%

TESLA

1.87%

BERKSHIRE HATHWAY

1.57%

JPMORGAN CHASE

1.34%

LILLY

1.30%

EXXON

1.27%

JOHNSON&JOHNSON

1.05%

WALMART INC

0.97%

Frequently asked questions about PBUS and OVL

How have the PBUS and OVL ETFs performed in 2026?

As of April 28, 2026, PBUS is up 4.43% year-to-date (YTD), while OVL has returned 6.45%. That puts OVL better performer ahead so far this year.

Which ETF is attracting more investor money: PBUS or OVL?

Year-to-date, the PBUS ETF saw -$271M in flows, compared to +$29M for OVL.

Which ETF is more volatile: PBUS or OVL?

Over the past year, PBUS had a volatility of 12.59%, while OVL experienced 14.33%.

Which ETF is bigger: PBUS or OVL?

As of April 28, 2026, PBUS holds $10.74 B in assets under management (AUM), while OVL manages $215.47 M.

What sectors do the PBUS and OVL ETFs invest in?

PBUS leans toward sectors like Information Technology, Communication Services and Financials. Meanwhile, OVL focuses on Information Technology, Financials and Communication Services.

PBUSvsOVLETF Comparison

Invesco PureBeta MSCI USA ETF

Overlay Shares Large Cap Equity ETF

PBUS vs OVL performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the PBUS and OVL ETFs performed in 2026?

As of April 28, 2026, PBUS is up 4.43% year-to-date (YTD), while OVL has returned 6.45%. That puts OVL better performer ahead so far this year.

Which ETF is attracting more investor money: PBUS or OVL?

Year-to-date, the PBUS ETF saw -$271M in flows, compared to +$29M for OVL.

Which ETF is more volatile: PBUS or OVL?

Over the past year, PBUS had a volatility of 12.59%, while OVL experienced 14.33%.

Which ETF is bigger: PBUS or OVL?

As of April 28, 2026, PBUS holds $10.74 B in assets under management (AUM), while OVL manages $215.47 M.

What sectors do the PBUS and OVL ETFs invest in?

PBUS leans toward sectors like Information Technology, Communication Services and Financials. Meanwhile, OVL focuses on Information Technology, Financials and Communication Services.

What are the top holdings of the PBUS ETF and OVL ETF?

PBUS top holdings include NVIDIA, APPLE and MICROSOFT-T. OVL holds in its top three: NVIDIA, APPLE and MICROSOFT-T.

Which ETF is more diversified: PBUS or OVL?

PBUS holds 538 securities with 40.8% of its assets in the top 15. OVL has 503 securities and a top 15 weight of 42.43%.

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