Which is cheaper, DDDD or PBP?

DDDD charges 1.01% 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

DDDD vs PBP: Dividend Yield & Total Return

DDDD and PBP both write options for income.

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Net assets on Nov 3, 2026: $7.8m for YieldMax U.S. Stocks Target Double Distribution ETF and $389m for Invesco S&P 500 BuyWrite ETF.

DDDD on its own →PBP on its own →

At a glance

3.4%

DDDD cash paid, since launch, Mar 12, 2026

11.7%

PBP cash paid, 1 year

+17.1%

DDDD total return, since launch, Mar 12, 2026

+16.2%

PBP total return, 1 year

DDDD · since launch to Nov 4, 2026 3.3 pts behind SCHD

DDDD

+17.1%

SCHD

+20.4%

3.3 pts behind SCHD

DDDD since launch: paid 3.4%, price +13.4%, total +17.1%, SCHD +20.4%, −3.3 pts. Data to Nov 4, 2026.

SCHD

+20.4%

DDDD

+17.1%

3.4% as cash

3.3 pts behind SCHD

Total return, distributions reinvested

3.3 pts behind SCHD

DDDD since launch: paid 3.4%, price +13.4%, total +17.1%, SCHD +20.4%, −3.3 pts. Data to Nov 4, 2026.

SCHD

+20.4%

DDDD

+17.1%

3.3 pts behind SCHD

3.4% of it arrived as cash. Total return, distributions reinvested. DDDD since launch: paid 3.4%, price +13.4%, total +17.1%, SCHD +20.4%, −3.3 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% cash

1.4 pts ahead of SPY

11.7% of it arrived as cash. Both charts share one scale, 0 to +20.4%. PBP over 1 year: paid 11.7%, price +3.6%, total +16.2%, SPY +14.8%, +1.4 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +20.4%. Data to Nov 4, 2026.

Pair scorecard

PBP costs 0.72 points a year less; PBP is far larger, $389m against $7.8m.

Points (pts) are percentage points.

DDDD vs PBP: Dividend Yield & Total Return
Measure	DDDD	PBP
Paid and earned
Measure	DDDD	PBP
Total return, 1 year	not published	+16.2%
Price change	rose 13.4% (since Mar 12, 2026)	rose 3.6% (1 year)
Return of capital, issuer estimate	76% of the Oct 2, 2026 payment	95% of the Oct 23, 2026 payment
Against its benchmark
Measure	DDDD	PBP
Benchmark	US dividend stocks, measured through SCHD	S&P 500, measured through SPY
Cost and size
Measure	DDDD	PBP
Expense ratio	1.01%	0.29%
Net assets, as of Nov 3, 2026	$7.8m	$389m
Holdings
Measure	DDDD	PBP
Holdings in common	9%

Method

What they share

By the books each fund has filed, DDDD and PBP hold 9% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.

50%

0 half 100%

half

9% in common

Positions both hold · largest shared weight first DDDD PBP

Chevron Corp 3.94% 0.69%

Procter & Gamble Co 4.37% 0.58%

Coca-Cola Co 4.18% 0.57%

UnitedHealth Group Inc 3.91% 0.56%

Merck & Co Inc 3.82% 0.55%

Home Depot Inc 4.29% 0.51%

Texas Instruments Inc 4.70% 0.44%

Amgen Inc 4.16% 0.38%

Abbott Laboratories 4.02% 0.29%

Verizon Communications Inc 3.57% 0.29%

PepsiCo Inc 3.90% 0.29%

QUALCOMM Inc 3.92% 0.27%

Only in one fund ↓

Only in DDDD

HD US 11/20/26 C315 0.48%

ACN US 11/20/26 C235 0.43%

East West Bancorp Inc 0.43%

HF Sinclair Corp 0.38%

Fidelity National Financial Inc 0.26%

LMT US 11/20/26 C530 0.26%

Watsco Inc 0.26%

American Financial Group Inc 0.25%

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

DDDD YieldMax U.S. Stocks Target Double Distribution ETF · Synthetic covered call on SCHD PBP Invesco S&P 500 BuyWrite ETF · Covered call on SPY, paying monthly

Issuer YieldMax Invesco

Strategy synthetic covered call covered call

Benchmark US dividend stocks (SCHD) S&P 500 (SPY)

Pays not established monthly

Payout rate, annualized 18.3% 8.5%

Expense ratio 1.01% 0.29%

Cash paid, 1 year 3.4% (since launch, Mar 12, 2026) 11.7%

Price change, 1 year +13.4% (since launch, Mar 12, 2026) +3.6%

Total return, 1 year +17.1% (since launch, Mar 12, 2026) +16.2%

Benchmark return, 1 year +20.4% (since launch, Mar 12, 2026) +14.8%

Ahead or behind −3.3 pts (since launch, Mar 12, 2026) +1.4 pts

Return of capital, latest estimate 76% 95%

Age 237 days 18.9 years

Net assets, as of Nov 3, 2026 $7.8m $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: DDDD vs PBP: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	DDDD	PBP	DDDD	PBP	DDDD	PBP
3 months	+7.5%	+2.5%	1.6%	2.5%	−1.0 pts	+2.6 pts
6 months	+13.6%	+8.1%	3.3%	5.3%	−2.6 pts	+3.1 pts
1 year	–	+16.2%	–	11.7%	–	+1.4 pts
3 years	–	+49.6%	–	33.4%	–	−33.3 pts
Since launchNot the same days: DDDD Mar 2026 · PBP Dec 2007	+17.1%	+172.0%	3.4%	92.4%	−3.3 pts	−467.6 pts

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Alert

About each fund

DDDD

Over the period from its first trade on Mar 12, 2026 to Nov 4, 2026, DDDD paid 3.4% of its starting value in cash distributions while its price rose 13.4%. With every distribution reinvested, the fund returned +17.1%. US dividend stocks (SCHD) returned +20.4% over the same days, so a holder was behind by 3.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 18.3%, paid periodically. YieldMax estimates that 76% 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 is cheaper, DDDD or PBP?: DDDD charges 1.01% a year and PBP charges 0.29%, so PBP is cheaper. Fees come from each fund's prospectus.

Other comparisons

DDDD vs OMAH DDDD vs DIVO DDDD vs SPYI DDDD vs TPRY PBP vs LJUL PBP vs PCOV PBP vs LAPR PBP vs LOCT

Where to next

US dividend stocks (SCHD) →S&P 500 (SPY) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →DDDD on its own →PBP on its own →DDDD dividend history →DDDD holdings →PBP dividend history →PBP holdings →Method →Standards and sources →

Sources and dates

DDDD filings on SEC EDGAR ↗

DDDD prospectus with the expense ratio (SEC) ↗

DDDD 19a-1 distribution notice ↗

YieldMax page for DDDD ↗

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

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

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

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

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