PBUS vs WLDR: Grades, Fees and Holdings Compared

Invesco MSCI USA ETF

PBUSACboe

Affinity World Leaders Equity ETF

WLDRCCboe

Overlap

6.7%by weight

Expense ratio

PBUS −0.63pt a year

PBUS0.04%WLDR0.67%

Avg volume · 30D

PBUS 12.6×the volume

PBUS414KWLDR32.8K

5Y return · a year

WLDR +5.9pt

PBUS+10.4%WLDR+16.3%

PBUS vs WLDR Performance

Nov 5, 2021 – Nov 5, 2026

+64.0%PBUS+112.8%WLDR

Expense ratio: PBUS 0.04%, better; WLDR 0.67%
Fund size: PBUS $10.7B; WLDR $143M
1Y total return: PBUS +8.8%; WLDR +28.7%, better
Yield (12M): PBUS 1.05%; WLDR 7.59%, better
Holdings: PBUS 516; WLDR 111
Avg volume (30D): PBUS 414K sh, better; WLDR 32.8K sh
NAV per share: PBUS $76.72; WLDR $44.63
52W range

ETF.net Grade

Pillar letters and Scores for PBUS, WLDR, with each pillar’s weight
Pillar	PBUS	WLDR
Cost30% weight	A98Higher	F10
Mission25% weight	A100Higher	A74
Risk15% weight	B62	A70Higher
Tradability15% weight	A85Higher	C43
Holdings10% weight	C50	B65Higher
Durability5% weight	A74Higher	C50

Rank among Other Major Indexes funds

How we build Categories ›

Same Category. PBUS and WLDR are both graded against the same 42 Other Major Indexes funds, so their Grades compare head to head.

Other Major Indexes⁠

Category · 42 funds

See all 42 ›

PBUS ranks 3rd and WLDR 27th of 42 funds in the Other Major Indexes Category.

Rank 1ASPYVState Street SPDR Portfolio S&P 500 Value ETFScore 89
Rank 2ASCHKSchwab 1000 Index ETFScore 86
Rank 3APBUSInvesco MSCI USA ETFScore 84
Rank 4AVOOVVanguard S&P 500 Value ETFScore 79
Rank 27CCHRIGlobal X S&P 500 Christian Values ETFScore 47
Rank 27CWLDRAffinity World Leaders Equity ETFScore 47
Rank 29CQQXTFirst Trust NASDAQ-100 Ex-Technology Sector Index FundScore 45

Our read on each fund

ETF.net Research

PBUSAInvesco MSCI USA ETF

WLDRCAffinity World Leaders Equity ETF

In short

PBUS Roughly 500 US stocks for 0.04% a year, benchmarked to the MSCI USA Index instead of the S&P 500. Invesco's rules-based core holding, running since 2017.

WLDR A global index wired to analyst behavior: WLDR tracks FTSE's StarMine screen for earnings quality, rising estimates and price momentum, with sectors held at neutral weight. 0.67% net of a waiver through February 28, 2027.

Stated mandate

PBUS The Fund tracks the MSCI USA Index and commits at least 90% of its assets to securities included in that index.

WLDR The Fund seeks to track the FTSE StarMine Affinity World Leaders Index through passive replication. The Index is a global equity strategy covering U.S. and international companies.

Why people hold it

PBUS 0.04% a year sits at the floor of its peer group, matching SPYV and a hair above SCHK's 0.03%.invesco.com
Returns have hugged the MSCI USA Index about as tightly as anything in its cohort, so index-level exposure arrives with very little slippage.
A multi-billion-dollar fund trading since 2017, with a real market cycle behind it rather than a launch-window track record.
Roughly 500 names and quarterly distributions: a plain broad-market wrapper with no options overlay, no leverage, no sector tilt bolted on.

WLDR Rules-based screen: earnings quality, upward revisions to estimates, price targets and analyst recommendations, plus momentum and valuation. Sell-side homework, systematized.simplify.us
Sector neutral by design, so the index's bets come from stock selection rather than an overweight in whichever sector is hot.simplify.us
One passport-agnostic sleeve: roughly 150 large caps from the US plus at least three other countries, and up to 20, instead of a US fund bolted to an international fund.simplify.us
Live since 2018, so there is a multi-year record under the same index mandate rather than a backtest.

Worth knowing

PBUS MSCI USA is not the S&P 500. Holdings and results drift from an S&P-benchmarked portfolio, which matters if that is the yardstick you track against.invesco.com
The mandate commits at least 90% of assets to index securities, which leaves a slice of room outside the benchmark.
Moderately traded rather than one of the tape's busiest tickers, so spreads deserve a glance and limit orders earn their keep.

WLDR Costs more than the typical fund in its category, and the 0.67% net rate leans on a waiver through February 28, 2027. The gross fee is 1.05%.
Plain trackers like SCHK (0.03%) and SPYV (0.04%) cost a fraction of this, though they follow the US market, not a global multi-factor screen.
Thinly traded and modest in size, so bid-ask spreads can widen, especially in fast markets.

Full PBUS profile⁠

Full WLDR profile⁠

PBUS vs WLDR Holdings

How PBUS and WLDR differ

Overlap by weight

6.7%

Shared holdings make up 69.0% of WLDR and 6.7% of PBUS.

Level by level

Holdings51 in both6.7%
Countryby domicile74.5%
Sector11 Sectors86.7%
Asset classStocks100%

Sector

Sector weights in PBUS and WLDR, widest gap first
Sector	Gap	PBUS	WLDR
Technology	PBUS +10.4 points	40.2%	29.8%
Consumer Staples	WLDR +3.4 points	4.3%	7.7%
Financials	WLDR +2.8 points	11.0%	13.8%
Consumer Discretionary	PBUS +2.4 points	8.8%	6.4%
Industrials	WLDR +2.2 points	7.9%	10.1%
Energy	WLDR +1.5 points	3.5%	5.0%
Materials	WLDR +1.5 points	1.6%	3.1%
Health Care	WLDR +0.9 points	9.3%	10.2%
Utilities	WLDR +0.6 points	1.8%	2.4%
Communication	WLDR +0.5 points	9.9%	10.4%
Real Estate	PBUS +0.4 points	1.6%	1.2%

Country, concentration and asset class

Country by domicile

Country weights in PBUS and WLDR, widest gap first
Country	Gap	PBUS	WLDR
United States	PBUS +25.2 points	99.2%	74.0%
Japan	WLDR +9.7 points	0.0%	9.7%
United Kingdom	WLDR +5.3 points	0.1%	5.4%
France	WLDR +2.3 points	0.0%	2.3%
Netherlands	WLDR +1.6 points	0.0%	1.6%
Spain	WLDR +1.4 points	0.0%	1.4%
Germany	WLDR +1.4 points	0.0%	1.4%
Italy	WLDR +1.2 points	0.0%	1.2%
Other countries (9)	WLDR +2.4 points	0.7%	3.1%

Outside the US: WLDR 100% developed, 0% emerging.

Concentration

Weight in the 10 largest Holdings

PBUS36.8%
WLDR28.1%

Securities held

PBUS514
WLDR108

Asset class

PBUS: Stocks
WLDR: Stocks

Holdings

Only in PBUS463
In both51
Only in WLDR57

Only in PBUS

463 securities, 93.3% of PBUS by weight

Apple Inc7.76%
NVIDIA Corp6.96%
Microsoft Corp5.93%
Amazon.com Inc3.89%
Alphabet Inc2.56%
Broadcom Inc2.22%
Meta Platforms Inc2.09%
Alphabet Inc2.03%
Eli Lilly & Co1.72%
Tesla Inc1.67%
JPMorgan Chase & Co1.42%
Berkshire Hathaway Inc1.24%
Advanced Micro Devices Inc1.21%
Visa Inc1.10%
ExxonMobil Holdings Corp1.06%
Johnson & Johnson1.01%
Walmart Inc0.85%
Mastercard Inc0.82%
AbbVie Inc0.79%
Costco Wholesale Corp0.70%
Cisco Systems Inc0.62%
Chevron Corp0.60%
Procter & Gamble Co/The0.59%
Palantir Technologies Inc0.56%
UnitedHealth Group Inc0.56%
Merck & Co Inc0.56%
Coca-Cola Co/The0.56%
Home Depot Inc/The0.54%
General Electric Co0.52%
Bank of America Corp0.51%
Philip Morris International Inc0.50%
Applied Materials Inc0.44%
Texas Instruments Inc0.43%
Palo Alto Networks Inc0.43%
Lam Research Corp0.42%
Netflix Inc0.42%
Goldman Sachs Group Inc/The0.41%
RTX Corp0.40%
Wells Fargo & Co0.40%
Thermo Fisher Scientific Inc0.40%
Amgen Inc0.39%
Intel Corp0.39%
Linde PLC0.37%
International Business Machines Corp0.36%
Crowdstrike Holdings Inc0.36%
Morgan Stanley0.35%
GE Vernova Inc0.34%
Gilead Sciences Inc0.33%
Oracle Corp0.32%
Citigroup Inc0.32%

Only in WLDR

57 securities, 31.2% of WLDR by weight

TD SYNNEX Corporation2.47%
Intesa Sanpaolo SpA0.97%
Permian Resources Corporation0.90%
Standard Chartered plc0.89%
Sanofi S.A.0.88%
ABN AMRO Bank N.V.0.86%
NatWest Group plc0.86%
Imperial Brands plc0.86%
Nomura Holdings, Inc.0.84%
KBC Group N.V.0.82%
Sumitomo Mitsui Trust Group, Inc.0.81%
HF Sinclair Corporation0.79%
Astellas Pharma, Inc.0.74%
Otsuka Holdings Company Ltd.0.69%
Schneider Electric S.E.0.68%
Tenet Healthcare Corporation0.67%
Kubota Corporation0.60%
Daimler Truck Holding A.G.0.60%
Shell plc0.60%
Sompo Holdings, Inc.0.58%
Sika A.G.0.56%
NN Group N.V.0.56%
Daiichi Life Group, Inc.0.55%
Komatsu Ltd.0.54%
Amadeus IT Group S.A.0.51%
Honda Motor Company Ltd.0.51%
Deutsche Telekom A.G.0.51%
TDK Corporation0.51%
Kioxia Holdings Corporation0.49%
Nippon Steel Corporation0.48%
Bridgestone Corporation0.47%
TotalEnergies S.E.0.47%
Magna International, Inc.0.46%
Glencore plc0.46%
Celestica, Inc.0.45%
Vodafone Group plc0.40%
Bbh Sweep Vehicle0.40%
Sumitomo Metal Mining Company Ltd.0.38%
BP plc0.36%
Vinci S.A.0.36%
Kansai Electric Power Company, Inc. (The)0.36%
Naturgy Energy Group S.A.0.35%
Vivmark Residential0.35%
Fresenius S.E. & Company KGaA0.33%
Eni SpA0.29%
ACS Actividades de Construccion y Servicios S.A.0.28%
Toyota Tsusho Corporation0.28%
Tesco plc0.27%
Mitsui OSK Lines Ltd.0.26%
Nippon Yusen KK0.25%

Weight gaps

All 51 Holdings in both funds, largest gap first.

Holding weights in PBUS and WLDR, widest gap first
Holding	Gap	PBUS	WLDR
Omnicom Group IncOMC	WLDR +3.36 points	0.04%	3.40%
Verizon Communications IncVZ	WLDR +3.20 points	0.29%	3.49%
HP IncHPQ	WLDR +2.86 points	0.04%	2.90%
AT&T IncT	WLDR +2.85 points	0.23%	3.08%
Jabil IncJBL	WLDR +2.44 points	0.04%	2.48%
Cognizant Technology Solutions CorpCTSH	WLDR +2.39 points	0.05%	2.44%
Adobe IncADBE	WLDR +2.19 points	0.15%	2.34%
Salesforce IncCRM	WLDR +2.09 points	0.27%	2.36%
Seagate Technology Holdings PLCSTX	WLDR +2.04 points	0.19%	2.23%
Dell Technologies IncDELL	WLDR +1.84 points	0.17%	2.01%
Micron Technology IncMU	WLDR +1.72 points	1.36%	3.08%
Dollar General CorpDG	WLDR +1.70 points	0.05%	1.75%
Sandisk CorpSNDK	WLDR +1.66 points	0.23%	1.89%
Tapestry IncTPR	WLDR +1.64 points	0.04%	1.68%
Regeneron Pharmaceuticals IncREGN	WLDR +1.62 points	0.14%	1.76%
Target CorpTGT	WLDR +1.60 points	0.11%	1.71%
Kroger Co/TheKR	WLDR +1.47 points	0.06%	1.53%
Bristol-Myers Squibb CoBMY	WLDR +1.39 points	0.20%	1.59%
Pfizer IncPFE	WLDR +1.37 points	0.27%	1.64%
CoreWeave IncCRWV	WLDR +1.29 points	0.02%	1.31%
KeyCorpKEY	WLDR +1.26 points	0.03%	1.29%
US BancorpUSB	WLDR +1.22 points	0.14%	1.36%
Citizens Financial Group IncCFG	WLDR +1.21 points	0.04%	1.25%
State Street CorpSTT	WLDR +1.14 points	0.07%	1.21%
Lockheed Martin CorpLMT	WLDR +1.13 points	0.19%	1.32%
General Motors CoGM	WLDR +0.99 points	0.13%	1.12%
Expedia Group IncEXPE	WLDR +0.96 points	0.06%	1.02%
Ford Motor CoF	WLDR +0.93 points	0.07%	1.01%
Devon Energy CorpDVN	WLDR +0.80 points	0.07%	0.87%
Global Payments IncGPN	WLDR +0.78 points	0.03%	0.81%
Kraft Heinz Co/TheKHC	WLDR +0.77 points	0.03%	0.80%
Keysight Technologies IncKEYS	WLDR +0.73 points	0.07%	0.80%
Centene CorpCNC	WLDR +0.67 points	0.06%	0.73%
nVent Electric PLCNVT	WLDR +0.66 points	0.03%	0.69%
Caterpillar IncCAT	WLDR +0.63 points	0.41%	1.04%
PPG Industries IncPPG	WLDR +0.63 points	0.04%	0.67%
Cigna Group/TheCI	WLDR +0.62 points	0.12%	0.74%
Archer-Daniels-Midland CoADM	WLDR +0.58 points	0.05%	0.63%
Union Pacific CorpUNP	WLDR +0.57 points	0.28%	0.85%
Consolidated Edison IncED	WLDR +0.56 points	0.07%	0.63%
Edison InternationalEIX	WLDR +0.55 points	0.04%	0.59%
Arch Capital Group LtdACGL	WLDR +0.52 points	0.06%	0.58%
FirstEnergy CorpFE	WLDR +0.52 points	0.04%	0.56%
EMCOR Group IncEME	WLDR +0.51 points	0.04%	0.55%
CVS Health CorpCVS	WLDR +0.51 points	0.15%	0.66%
Steel Dynamics IncSTLD	WLDR +0.50 points	0.05%	0.55%
MetLife IncMET	WLDR +0.47 points	0.09%	0.56%
Comfort Systems USA IncFIX	WLDR +0.39 points	0.06%	0.45%
VICI Properties IncVICI	WLDR +0.29 points	0.04%	0.33%
Simon Property Group IncSPG	WLDR +0.29 points	0.11%	0.40%
Affirm Holdings IncAFRM	WLDR +0.23 points	0.03%	0.26%

All 514 PBUS holdings⁠All 146 WLDR holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

PBUS vs WLDR Cost

Overpaying WLDR vs PBUS

$12,225

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

PBUS 0.04%
$849
WLDR 0.67%
$13,074

Amount$10,000

Years30 years

Cost over time

PBUS 0.04%
WLDR 0.67%
Overpaying

Year by year

Year	PBUS	WLDR	Overpaying
10	$73	$1,198	$1,125
20	$288	$4,568	$4,280
30	$849	$13,074	$12,225

Expense ratio

0.04%PBUS, cheaper
0.67%WLDR

PBUS0.04%WLDR0.67%

0.03%0.75%

Middle half of Other Major Indexes funds
Median 0.29%

PBUS 2nd cheapest of 42 funds

WLDR 38th cheapest of 42 funds

PBUS vs WLDR Dividends

Last 12 months to Nov 5, 2026

Yield (12M): PBUS 1.05%; WLDR 7.59%, better
Payout (12M): PBUS $0.77; WLDR $3.26
Last payment: PBUS $0.19; WLDR $0.09
Ex-dividend: PBUS Sep 21, 2026; WLDR Sep 18, 2026
Paid on: PBUS Sep 25, 2026; WLDR Sep 23, 2026
Frequency: PBUS Quarterly; WLDR Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

PBUSQuarterly · 36 paymentsAll PBUS payments⁠

WLDRQuarterly · 36 paymentsAll WLDR payments⁠

PBUS vs WLDR Risk

Fall from peak · 5 years

PBUS
WLDR

Risk facts

VolatilityStd dev, 3 years: PBUS 12.5%, betterWLDR 15.3%
Return per unit of riskSharpe ratio, 3 years: PBUS 1.41WLDR 1.67, better
Worst fallMax drawdown, 5 years: PBUS −25.4%WLDR −23.8%, better
Market sensitivityBeta, 5 years: PBUS 1.02WLDR 0.99; Market = 1

PBUS and WLDR in the news

All news⁠

ETF Filings
Simplify files four funds that would take exposure through swaps on its own ETFs
Oct 16, 2026WLDR

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