The S&P 500 BuyWrite Portfolio fund is an exchange traded fund (ETF) within the PowerShares family. There are at least 2 funds that are incredibly highly correlated with PBP.

Within the PowerShares family of funds, the most positively correlated other funds are DWA Momentum Portfolio, Dividend Achievers Portfolio, Fundamental Pure Large Growth Portfolio, S&P SmallCap Financials Portfolio, Active U.S. Real Estate Fund.

Outside of the PowerShares family, the most positively correlated other funds are iShares - Growth Allocation ETF, iShares - Moderate Allocation ETF, Vanguard Mutual Funds - Managed Payout, iShares - Aggressive Allocation ETF, iShares - Conservative Allocation ETF.

Extremely Similar Funds

There are multiple other funds which have extremely high correlation to PowerShares's S&P 500 BuyWrite Portfolio fund.
99.1% AOR iShares Growth Allocation ETF
99.1% AOM iShares Moderate Allocation ETF

Performance for the previous 2 years

Positively Correlated PowerShares ETFs
PDP PowerShares DWA Momentum Portfolio 98.2%
PFM PowerShares Dividend Achievers Portfolio 97.9%
PXLG PowerShares Fundamental Pure Large Growth Portfolio 97.9%
PSCF PowerShares S&P SmallCap Financials Portfolio 97.8%
PSR PowerShares Active U.S. Real Estate Fund 97.5%
Negatively Correlated PowerShares funds
PSAU PowerShares Global Gold and Precious Metals Portfolio -55.7%
UDN PowerShares DB US Dollar Index Bearish Fund -51.8%
LALT PowerShares Multi-Strategy Alternative Portfolio -41.5%
DBO PowerShares DB Oil Fund -36.3%
PBW PowerShares WilderHill Clean Energy Portfolio -35.0%

Positively Correlated Non-PowerShares funds
AOR iShares Growth Allocation ETF 99.1%
AOM iShares Moderate Allocation ETF 99.1%
VPGDX Vanguard Mutual Funds Managed Payout 99.0%
AOA iShares Aggressive Allocation ETF 98.9%
AOK iShares Conservative Allocation ETF 98.7%
Negatively Correlated Non-PowerShares funds
SLVP iShares MSCI Global Silver Miners ETF -83.7%
RING iShares MSCI Global Gold Miners ETF -83.5%
EWZS iShares MSCI Brazil Small-Cap ETF -81.4%
ERUS iShares MSCI Russia Capped ETF -79.5%
EMEY iShares MSCI Emerging Markets Energy Capped ETF -78.3%

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