Which paid more, DYLG or PBP?

Over the year to Nov 4, 2026, DYLG paid 9.2% 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, DYLG or PBP?

With every distribution reinvested, DYLG returned +14.8% and PBP +16.2% over the year to Nov 4, 2026.

Which is cheaper, DYLG or PBP?

DYLG charges 0.35% 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

DYLG 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 DYLG’s 9.2%, and returned more with it reinvested.

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Net assets: $4.8m on Oct 12, 2026 for Global X Dow 30 Covered Call & Growth ETF, and $389m on Nov 3, 2026 for Invesco S&P 500 BuyWrite ETF.

DYLG on its own →PBP on its own →

At a glance

9.2%

DYLG cash paid, 1 year

11.7%

PBP cash paid, 1 year

+14.8%

DYLG total return, 1 year

+16.2%

PBP total return, 1 year

DYLG · 1 year to Nov 4, 2026 Not measured

DYLG

+14.8%

none

Not measured

DYLG over 1 year: paid 9.2%, price +4.7%, total +14.8%, not measured against a benchmark. Data to Nov 4, 2026.

DYLG

+14.8%

9.2% of it arrived as cash

Total return, distributions reinvested

Not measured

DYLG over 1 year: paid 9.2%, price +4.7%, total +14.8%, not measured against a benchmark. Data to Nov 4, 2026.

DYLG

+14.8%

9.2% cash

9.2% of it arrived as cash. Total return, distributions reinvested. DYLG over 1 year: paid 9.2%, price +4.7%, total +14.8%, not measured against a benchmark. 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, 0 to +16.2%. 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 +16.2%. Data to Nov 4, 2026.

Pair scorecard

PBP costs 0.06 points a year less; their one-year returns differ by 1.4 points; PBP is far larger, $392m against $4.8m.

Points (pts) are percentage points.

DYLG vs PBP: Dividend Yield & Total Return
Measure	DYLG	PBP
Paid and earned
Measure	DYLG	PBP
Total return, 1 year	+14.8%	+16.2%
Price change, 1 year	rose 4.7%	rose 3.6%
Return of capital, issuer estimate	32% of the Sep 24, 2026 payment	95% of the Oct 23, 2026 payment
Against its benchmark
Measure	DYLG	PBP
Benchmark	not published	S&P 500, measured through SPY
Cost and size
Measure	DYLG	PBP
Expense ratio	0.35%	0.29%
Net assets, as of Oct 12, 2026	$4.8m	$392m
Holdings
Measure	DYLG	PBP
Holdings in common	29%

Method

Risk and return

Aug 4, 2023 to Oct 30, 2026 · 169 weekly returns

DYLG PBP

Return

Total return edge DYLG (slight) +46.2% +44.6%

Annualized edge DYLG (slight) +12.4% +12.0%

Price return edge DYLG +8.6% +4.2%

Risk

Volatility edge PBP 10.4% 8.9%

Max drawdown edge DYLG −12.1% −14.3%

Risk-adjusted

Sharpe edge PBP (slight) 0.74 0.81

Sortino edge PBP (slight) 1.07 1.13

Calmar edge DYLG 1.03 0.84

Reading

From Aug 2023 to Oct 2026, DYLG returned slightly more: +46.2% to +44.6%. PBP swung less: 8.9% to 10.4%. DYLG fell less at its worst: −12.1% to −14.3%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: DYLG vs PBP: Dividend Yield & Total Return
Measure	DYLG	PBP	Edge	How it is measured
Return
Total return	+46.2%	+44.6%	DYLG (slight)	Price change plus distributions, reinvested.
Annualized	+12.4%	+12.0%	DYLG (slight)	Total return as a yearly rate.
Price return	+8.6%	+4.2%	DYLG	Price change alone, distributions left out.
Risk
Volatility	10.4%	8.9%	PBP	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	7.2%	6.4%	PBP	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−12.1%	−14.3%	DYLG	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.74	0.81	PBP (slight)	Return above Treasury bills per unit of volatility.
Sortino	1.07	1.13	PBP (slight)	Return above Treasury bills per unit of downside deviation.
Calmar	1.03	0.84	DYLG	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 169 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

29%

By the books each fund has filed, DYLG and PBP hold 29% 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

29% in common

Positions both hold · largest shared weight first DYLG PBP

MICROSOFT CORPORATION 5.29% 5.96%

APPLE INC. 3.52% 7.47%

AMAZON.COM, INC. 3.09% 3.79%

ALPHABET INC. 4.05% 2.53%

NVIDIA CORPORATION 2.29% 7.71%

JPMORGAN CHASE & CO. 4.01% 1.39%

VISA INC. 4.17% 1.10%

JOHNSON & JOHNSON 2.92% 0.99%

WALMART INC. 1.27% 0.86%

CHEVRON CORPORATION 2.24% 0.69%

CISCO SYSTEMS, INC. 1.32% 0.63%

THE PROCTER & GAMBLE COMPANY 1.65% 0.58%

Only in one fund ↓

Only in DYLG

Only in PBP

Broadcom Inc 2.44%

Meta Platforms Inc 2.11%

Alphabet Inc 2.04%

Eli Lilly & Co 1.74%

Tesla Inc 1.73%

Berkshire Hathaway Inc 1.60%

Micron Technology Inc 1.49%

Advanced Micro Devices Inc 1.22%

Check overlap with more funds →

Side by side

DYLG Global X Dow 30 Covered Call & Growth ETF · Covered call, paying monthly PBP Invesco S&P 500 BuyWrite ETF · Covered call on SPY, paying monthly

Issuer Global X Invesco

Strategy covered call covered call

Benchmark none S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 4.0% 8.5%

Expense ratio 0.35% 0.29%

Cash paid, 1 year 9.2% 11.7%

Price change, 1 year +4.7% +3.6%

Total return, 1 year +14.8% +16.2%

Benchmark return, 1 year not published +14.8%

Ahead or behind not available +1.4 pts

Return of capital, latest estimate 32% 95%

Age 3.3 years 18.9 years

Net assets, DYLG as of Oct 12, 2026 and PBP as of Nov 3, 2026 $4.8m $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: DYLG vs PBP: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	DYLG	PBP	DYLG	PBP	DYLG	PBP
3 months	−0.1%	+2.5%	0.8%	2.5%	not measured	+2.6 pts
6 months	+8.2%	+8.1%	1.8%	5.3%	not measured	+3.1 pts
1 year	+14.8%	+16.2%	9.2%	11.7%	not measured	+1.4 pts
3 years	+53.4%	+49.6%	31.6%	33.4%	not measured	−33.3 pts
Since launchNot the same days: DYLG Jul 2023 · PBP Dec 2007	+49.0%	+172.0%	31.3%	92.4%	not measured	−467.6 pts

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Alert

About each fund

DYLG

Over the year to Nov 4, 2026, DYLG paid 9.2% of its starting value in cash distributions while its price rose 4.7%. With every distribution reinvested, the fund returned +14.8%. At its price on Nov 4, 2026 the latest distribution annualizes to 4.0%, paid monthly. Global X estimates that 32% of the distribution paid Sep 24, 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, DYLG or PBP?: Over the year to Nov 4, 2026, DYLG paid 9.2% 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, DYLG or PBP?: With every distribution reinvested, DYLG returned +14.8% and PBP +16.2% over the year to Nov 4, 2026.
Which is cheaper, DYLG or PBP?: DYLG charges 0.35% a year and PBP charges 0.29%, so PBP is cheaper. Fees come from each fund's prospectus.

Other comparisons

DYLG vs EGGY DYLG vs SEPI DYLG vs XSPI DYLG vs OMAH PBP vs XVSP PBP vs ODTE PBP vs TPAY PBP vs FGSI

Where to next

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

Sources and dates

DYLG filings on SEC EDGAR ↗

DYLG prospectus with the expense ratio (SEC) ↗

DYLG 19a-1 distribution notice ↗

Global X page for DYLG ↗

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

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