PPI vs BRIF

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

PPI vs BRIF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

PPI

$155M

BRIF

$154M

Expense Ratio

Winner

PPI

0.58%

BRIF

0.65%

Max Drawdown

PPI

25.73%

Winner

BRIF

17.22%

Sharpe Ratio

PPI

1.29

Winner

BRIF

1.96

5Y Beta

PPI

1.20

Winner

BRIF

0.92

P/E Ratio

Winner

PPI

18.75

BRIF

30.57

Forward P/E

Winner

PPI

15.42

BRIF

21.39

PEG Ratio

Winner

PPI

0.19

BRIF

0.24

5Y EPS CAGR

PPI

22.47%

Winner

BRIF

30.85%

Debt to Equity

PPI

104.76%

BRIF

N/A

P/S Ratio

Winner

PPI

2.24

BRIF

3.75

P/B Ratio

Winner

PPI

3.15

BRIF

6.74

PPI vs BRIF - Holdings Comparison

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

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

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

PPI vs BRIF - Historical Returns

Returns include dividend reinvestment.

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

PPI

-1.53%

Winner

BRIF

+0.63%

PPI

N/A

BRIF

+13.82%

PPI

N/A

BRIF

+22.00%

PPI

+37.75%

Winner

BRIF

+54.65%

5Y(CAGR)

PPI

+14.02%

BRIF

N/A

Max(CAGR)

PPI

+14.02%

Winner

BRIF

+40.63%

PPI vs BRIF - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

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

PPI vs BRIF Drawdown Comparison

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

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

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

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

Correlation

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

-0.96

-101