BRIF vs PPI

Comparison between FIS Bright Portfolios Focused Equity ETF (BRIF, ETF) and Investment Managers Series Trust II Astoria Real Assets ETF (PPI, ETF).

BRIF vs PPI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BRIF(ETF)	PPI(ETF)
Net Assets	$154M	$155M
Expense Ratio	0.65%	0.58%
Max Drawdown	17.22%	25.73%
Sharpe Ratio	1.96	1.29
5Y Beta	0.92	1.20
P/E Ratio	30.57	18.75
Forward P/E	21.39	15.42
PEG Ratio	0.24	0.19
5Y EPS CAGR	30.85%	22.47%
Debt to Equity	N/A	104.76%
P/S Ratio	3.75	2.24
P/B Ratio	6.74	3.15

Net Assets

BRIF

$154M

Winner

PPI

$155M

Expense Ratio

BRIF

0.65%

Winner

PPI

0.58%

Max Drawdown

Winner

BRIF

17.22%

PPI

25.73%

Sharpe Ratio

Winner

BRIF

1.96

PPI

1.29

5Y Beta

Winner

BRIF

0.92

PPI

1.20

P/E Ratio

BRIF

30.57

Winner

PPI

18.75

Forward P/E

BRIF

21.39

Winner

PPI

15.42

PEG Ratio

BRIF

0.24

Winner

PPI

0.19

5Y EPS CAGR

Winner

BRIF

30.85%

PPI

22.47%

Debt to Equity

BRIF

N/A

PPI

104.76%

P/S Ratio

BRIF

3.75

Winner

PPI

2.24

P/B Ratio

BRIF

6.74

Winner

PPI

3.15

BRIF vs PPI - Holdings Comparison

BRIF and PPI have 9 common holdings. Overlap is 9.20%

BRIF's top 25 holdings weight is 73.47%. PPI's top 25 holdings weight is 53.19%.

Rank	BRIF	PPI
#1	NVIDIA CORP (NVDA) - 8.02%	SPDR® GOLD MINISHARES (GLDM) - 5.92%
#2	BROADCOM INC (AVGO) - 5.20%	GE VERNOVA INC (GEV) - 3.31%
#3	PALO ALTO NETWORKS INC (PANW) - 4.97%	ABB LTD (n/a) - 2.79%
#4	FIRST AMERICAN TREASURY OBLIGS X (FXFXX) - 4.55%	ENGIE SA (n/a) - 2.50%
#5	ELI LILLY AND CO (LLY) - 4.45%	SIMON PROPERTY GROUP INC (SPG) - 2.47%
#6	DELL TECHNOLOGIES INC ORDINARY SHARES CLASS C (DELL) - 3.67%	E.ON SE (n/a) - 2.22%
#7	CISCO SYSTEMS INC (CSCO) - 3.50%	VERTIV HOLDINGS CO CLASS A (VRT) - 2.17%
#8	ARISTA NETWORKS INC (ANET) - 3.42%	n/a (SHEL) - 2.16%
#9	CUMMINS INC (CMI) - 3.29%	AMERICAN ELECTRIC POWER CO INC (AEP) - 2.02%
#10	LINDE PLC (LIN) - 3.26%	SIEMENS ENERGY AG ORDINARY SHARES (n/a) - 2.01%
#11	ABBVIE INC (ABBV) - 3.04%	HOWMET AEROSPACE INC (HWM) - 1.98%
#12	ALLSTATE CORP (ALL) - 2.39%	AIR LIQUIDE SA (n/a) - 1.97%
#13	TJX COMPANIES INC (TJX) - 2.29%	CUMMINS INC (CMI) - 1.93%
#14	EATON CORP PLC (ETN) - 2.12%	LOCKHEED MARTIN CORP (LMT) - 1.86%
#15	CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 2.10%	EXXONMOBIL HOLDINGS CORP (XOM) - 1.80%
#16	QNITY ELECTRONICS INC (Q) - 2.02%	RIO TINTO PLC ADR (RIO) - 1.75%
#17	MOODYS CORP (MCO) - 1.90%	CBRE GROUP INC CLASS A (CBRE) - 1.71%
#18	CATERPILLAR INC (CAT) - 1.80%	VISTRA CORP (VST) - 1.69%
#19	O'REILLY AUTOMOTIVE INC (ORLY) - 1.77%	FREEPORT-MCMORAN INC (FCX) - 1.66%
#20	WASTE MANAGEMENT INC (WM) - 1.75%	VICI PROPERTIES INC ORDINARY SHARES (VICI) - 1.62%
#21	DUPONT DE NEMOURS INC (DD) - 1.75%	LAMAR ADVERTISING CO CLASS A (LAMR) - 1.56%
#22	MICRON TECHNOLOGY INC (MU) - 1.64%	JONES LANG LASALLE INC (JLL) - 1.55%
#23	COCA-COLA CONSOLIDATED INC (COKE) - 1.55%	MITSUBISHI ELECTRIC CORP (n/a) - 1.54%
#24	EQT CORP (EQT) - 1.52%	VALERO ENERGY CORP (VLO) - 1.51%
#25	NRG ENERGY INC (NRG) - 1.50%	HOST HOTELS & RESORTS INC (HST) - 1.49%
Total Holdings	49	85

BRIF vs PPI - Historical Returns

Returns include dividend reinvestment.

Period	BRIF	PPI
1 month	+0.63%	-1.53%
3 months	+13.82%	N/A
6 months	+22.00%	N/A
1 year	+54.65%	+37.75%
5 years(CAGR)	N/A	+14.02%
Max(CAGR)	+40.63%	+14.02%

Winner

BRIF

+0.63%

PPI

-1.53%

BRIF

+13.82%

PPI

N/A

BRIF

+22.00%

PPI

N/A

Winner

BRIF

+54.65%

PPI

+37.75%

5Y(CAGR)

BRIF

N/A

PPI

+14.02%

Max(CAGR)

Winner

BRIF

+40.63%

PPI

+14.02%

BRIF vs PPI - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	BRIF	PPI
2026	+22.65%	-1.72%
2025	+40.27%	N/A
2024	-0.41%	+13.73%
2023	N/A	+12.51%
2022	N/A	+3.12%
2021	N/A	+0.23%

BRIF vs PPI Drawdown Comparison

The maximum drawdown for BRIF was -17.22%, occurring on Apr 8, 2025. Recovery took 82 trading sessions.

The maximum drawdown for PPI was -24.56%, occurring on Jul 14, 2022. Recovery took 455 trading sessions.

The current BRIF drawdown is -0.76%. The current PPI drawdown is -1.72%.

Rank	BRIF	PPI
#1	-17.22% Feb 13, 2025 - Jun 12, 2025	-24.56% Apr 20, 2022 - Feb 12, 2024
#2	-6.60% Mar 2, 2026 - Apr 8, 2026	-11.43% Apr 8, 2024 - May 28, 2026
#3	-5.65% Jun 2, 2026 - Jun 30, 2026	-6.82% Jan 14, 2022 - Feb 9, 2022
#4	-4.07% Nov 12, 2025 - Jan 28, 2026	-5.18% Mar 25, 2022 - Apr 20, 2022
#5	-3.32% Jan 28, 2026 - Feb 9, 2026	-4.27% May 28, 2026 - Jun 10, 2026
#6	-3.28% Dec 26, 2024 - Jan 21, 2025	-3.58% Feb 9, 2022 - Feb 28, 2022
#7	-2.94% Jan 23, 2025 - Feb 10, 2025	-2.85% Mar 2, 2022 - Mar 16, 2022
#8	-2.76% May 14, 2026 - May 22, 2026	-1.71% Feb 12, 2024 - Feb 15, 2024
#9	-2.53% Oct 8, 2025 - Oct 27, 2025	-1.18% Feb 28, 2022 - Mar 2, 2022
#10	-2.39% Jul 28, 2025 - Aug 26, 2025	-0.87% Mar 7, 2024 - Mar 13, 2024
#11	-2.31% Oct 29, 2025 - Nov 12, 2025	-0.77% Apr 3, 2024 - Apr 5, 2024
#12	-1.95% Jun 30, 2026 - Jul 2, 2026	-0.72% Jan 12, 2022 - Jan 14, 2022
#13	-1.69% Aug 28, 2025 - Sep 9, 2025	-0.58% Jan 4, 2022 - Jan 6, 2022
#14	-1.55% Apr 27, 2026 - Apr 30, 2026	-0.41% Feb 16, 2024 - Feb 21, 2024
#15	-1.47% Jun 12, 2025 - Jun 24, 2025	-0.39% Jan 7, 2022 - Jan 11, 2022

Correlation

Correlation between BRIF and PPI is -0.96 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-0.96

-101