Which paid more, APRJ or PBP?

Over the year to Nov 4, 2026, APRJ paid 6.2% of its starting price in cash and PBP paid 11.7%, so PBP paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, APRJ or PBP?

With every distribution reinvested, APRJ returned +6.2% and PBP +16.2% over the year to Nov 4, 2026.

Which is cheaper, APRJ or PBP?

APRJ charges 0.79% a year and PBP charges 0.29%, so PBP is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

APRJ vs PBP: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, PBP paid 11.7% of its price in cash against APRJ’s 6.2%, and returned more with it reinvested.

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Net assets on Nov 3, 2026: $27m for Innovator Premium Income 30 Barrier ETF - April and $389m for Invesco S&P 500 BuyWrite ETF.

APRJ on its own →PBP on its own →

At a glance

6.2%

APRJ cash paid, 1 year

11.7%

PBP cash paid, 1 year

+6.2%

APRJ total return, 1 year

+16.2%

PBP total return, 1 year

APRJ · 1 year to Nov 4, 2026 8.6 pts behind SPY

APRJ

+6.2%

SPY

+14.8%

8.6 pts behind SPY

APRJ over 1 year: paid 6.2%, price −0.1%, total +6.2%, SPY +14.8%, −8.6 pts. Data to Nov 4, 2026.

SPY

+14.8%

APRJ

+6.2%

6.2% of it arrived as cash

8.6 pts behind SPY

Total return, distributions reinvested

8.6 pts behind SPY

APRJ over 1 year: paid 6.2%, price −0.1%, total +6.2%, SPY +14.8%, −8.6 pts. Data to Nov 4, 2026.

SPY

+14.8%

APRJ

+6.2%

8.6 pts behind SPY

6.2% of it arrived as cash. Total return, distributions reinvested. APRJ over 1 year: paid 6.2%, price −0.1%, total +6.2%, SPY +14.8%, −8.6 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

PBP · 1 year to Nov 4, 2026 1.4 pts ahead of SPY

PBP

+16.2%

SPY

+14.8%

1.4 pts ahead of SPY

PBP over 1 year: paid 11.7%, price +3.6%, total +16.2%, SPY +14.8%, +1.4 pts. Data to Nov 4, 2026.

SPY

+14.8%

PBP

+16.2%

11.7% of it arrived as cash

1.4 pts ahead of SPY

Total return, distributions reinvested

1.4 pts ahead of SPY

PBP over 1 year: paid 11.7%, price +3.6%, total +16.2%, SPY +14.8%, +1.4 pts. Data to Nov 4, 2026.

SPY

+14.8%

PBP

+16.2%

11.7% as cash

1.4 pts ahead of SPY

11.7% of it arrived as cash. Both charts share one scale, with zero at the line. PBP over 1 year: paid 11.7%, price +3.6%, total +16.2%, SPY +14.8%, +1.4 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

PBP costs 0.50 points a year less; their one-year returns differ by 10.0 points; PBP is 14.4 times larger.

Points (pts) are percentage points.

APRJ vs PBP: Dividend Yield & Total Return
Measure	APRJ	PBP
Paid and earned
Measure	APRJ	PBP
Total return, 1 year	+6.2%	+16.2%
Price change, 1 year	fell 0.1%	rose 3.6%
Return of capital, issuer estimate	53% of the Oct 2, 2026 payment	95% of the Oct 23, 2026 payment
Against its benchmark
Measure	APRJ	PBP
Benchmark	S&P 500, measured through SPY	S&P 500, measured through SPY
Cost and size
Measure	APRJ	PBP
Expense ratio	0.79%	0.29%
Net assets, as of Nov 3, 2026	$27m	$389m
Holdings
Measure	APRJ	PBP
Holdings in common	0%

ETFIQ Distribution Coverage Score · PBP scores higher How much of what it paid out did its total return cover?

IQ Income Score56.6APRJ75.1PBP

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

APRJ 56.6

PBP 75.1

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

What they share

By the books each fund has filed, APRJ and PBP hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first APRJ PBP

Only in one fund ↓

Only in APRJ

Only in PBP

NVIDIA Corp 7.71%

Apple Inc 7.47%

Microsoft Corp 5.96%

Amazon.com Inc 3.79%

Alphabet Inc 2.53%

Broadcom Inc 2.44%

Meta Platforms Inc 2.11%

Alphabet Inc 2.04%

Check overlap with more funds →

Side by side

APRJ Innovator Premium Income 30 Barrier ETF - April · Defined income on SPY, paying quarterly PBP Invesco S&P 500 BuyWrite ETF · Covered call on SPY, paying monthly

Issuer Innovator Invesco

Strategy defined income covered call

Benchmark S&P 500 (SPY) S&P 500 (SPY)

Pays quarterly monthly

Payout rate, annualized 6.9% 8.5%

Expense ratio 0.79% 0.29%

Cash paid, 1 year 6.2% 11.7%

Price change, 1 year −0.1% +3.6%

Total return, 1 year +6.2% +16.2%

Benchmark return, 1 year +14.8% +14.8%

Ahead or behind −8.6 pts +1.4 pts

Return of capital, latest estimate 53% 95%

Age 3.6 years 18.9 years

Net assets, as of Nov 3, 2026 $27m $389m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: APRJ vs PBP: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	APRJ	PBP	APRJ	PBP	APRJ	PBP
3 months	+1.0%	+2.5%	1.7%	2.5%	+1.2 pts	+2.6 pts
6 months	+2.5%	+8.1%	3.4%	5.3%	−2.5 pts	+3.1 pts
1 year	+6.2%	+16.2%	6.2%	11.7%	−8.6 pts	+1.4 pts
3 years	+19.2%	+49.6%	17.7%	33.4%	−63.7 pts	−33.3 pts
Since launchNot the same days: APRJ Apr 2023 · PBP Dec 2007	+24.5%	+172.0%	21.1%	92.4%	−70.4 pts	−467.6 pts

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Alert

About each fund

APRJ

Over the year to Nov 4, 2026, APRJ paid 6.2% of its starting value in cash distributions while its price fell 0.1%. With every distribution reinvested, the fund returned +6.2%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 8.6 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 6.9%, paid quarterly. Innovator estimates that 53% of the distribution paid Oct 2, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

PBP

Over the year to Nov 4, 2026, PBP paid 11.7% of its starting value in cash distributions while its price rose 3.6%. With every distribution reinvested, the fund returned +16.2%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was ahead by 1.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.5%, paid monthly. Invesco estimates that 95% of the distribution paid Oct 23, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, APRJ or PBP?: Over the year to Nov 4, 2026, APRJ paid 6.2% of its starting price in cash and PBP paid 11.7%, so PBP paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, APRJ or PBP?: With every distribution reinvested, APRJ returned +6.2% and PBP +16.2% over the year to Nov 4, 2026.
Which is cheaper, APRJ or PBP?: APRJ charges 0.79% a year and PBP charges 0.29%, so PBP is cheaper. Fees come from each fund's prospectus.

Other comparisons

APRJ vs DUBS APRJ vs KHPI APRJ vs IVVW APRJ vs XDTE PBP vs SEPI PBP vs TPRY PBP vs XDTE PBP vs DUBS

Where to next

S&P 500 (SPY) →APRJ on its own →PBP on its own →APRJ dividend history →PBP dividend history →PBP holdings →Method →Standards and sources →

Sources and dates

APRJ filings on SEC EDGAR ↗

APRJ prospectus with the expense ratio (SEC) ↗

APRJ 19a-1 distribution notice ↗

Innovator page for APRJ ↗

PBP filings on SEC EDGAR ↗

PBP prospectus with the expense ratio (SEC) ↗

PBP 19a-1 distribution notice ↗

Invesco page for PBP ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

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ETFIQ, APRJ against PBP, data as of Nov 4, 2026. https://etfiq.com/compare/income/aprj-vs-pbp

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.