Which is cheaper, JUDO or PBP?

JUDO charges 0.55% 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

JUDO vs PBP: Dividend Yield & Total Return

JUDO and PBP both write options for income.

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Net assets: $7.0m on Jul 31, 2026 for Janus Henderson U.S. Equity Enhanced Income ETF, and $389m on Nov 3, 2026 for Invesco S&P 500 BuyWrite ETF.

JUDO on its own →PBP on its own →

At a glance

3.8%

JUDO cash paid, since launch, Mar 25, 2026

11.7%

PBP cash paid, 1 year

+16.1%

JUDO total return, since launch, Mar 25, 2026

+16.2%

PBP total return, 1 year

JUDO · since launch to Nov 4, 2026 Not measured

JUDO

+16.1%

none

Not measured

JUDO since launch: paid 3.8%, price +12.2%, total +16.1%, not measured against a benchmark. Data to Nov 4, 2026.

JUDO

+16.1%

3.8% as cash

Total return, distributions reinvested

Not measured

JUDO since launch: paid 3.8%, price +12.2%, total +16.1%, not measured against a benchmark. Data to Nov 4, 2026.

JUDO

+16.1%

3.8% of it arrived as cash. Total return, distributions reinvested. JUDO since launch: paid 3.8%, price +12.2%, total +16.1%, 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 0.26 points a year less.

Points (pts) are percentage points.

JUDO vs PBP: Dividend Yield & Total Return
Measure	JUDO	PBP
Paid and earned
Measure	JUDO	PBP
Total return, 1 year	not published	+16.2%
Price change	rose 2.7% (6 months)	rose 3.6% (1 year)
Return of capital, issuer estimate		95% of the Oct 23, 2026 payment
Against its benchmark
Measure	JUDO	PBP
Benchmark	its own stocks	S&P 500, measured through SPY
Against its benchmark, same days	ahead by 0.6 pts	ahead by 1.4 pts
Cost and size
Measure	JUDO	PBP
Expense ratio	0.55%	0.29%
Net assets, JUDO as of Jul 31, 2026 and PBP as of Nov 3, 2026	$7.0m	$389m
Holdings
Measure	JUDO	PBP
Holdings in common	50%

Method

What they share

50%

By the books each fund has filed, JUDO and PBP hold 50% 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

50% in common

Positions both hold · largest shared weight first JUDO PBP

NVIDIA Corp. 7.84% 7.71%

Microsoft Corp. 6.64% 5.96%

Apple, Inc. 4.38% 7.47%

Amazon.com, Inc. 5.17% 3.79%

Alphabet, Inc. 6.79% 2.53%

Broadcom, Inc. 3.56% 2.44%

Eli Lilly & Co. 2.07% 1.74%

Micron Technology, Inc. 1.99% 1.49%

JPMorgan Chase & Co. 2.31% 1.39%

Visa, Inc. 1.70% 1.10%

Johnson & Johnson 1.41% 0.99%

Mastercard, Inc. 1.72% 0.81%

Only in one fund ↓

Only in JUDO

Marriott International, Inc. 0.82%

Only in PBP

Alphabet Inc 2.04%

Tesla Inc 1.73%

Berkshire Hathaway Inc 1.60%

Advanced Micro Devices Inc 1.22%

ExxonMobil Holdings Corp 1.12%

Walmart Inc 0.86%

Costco Wholesale Corp 0.70%

Palantir Technologies Inc 0.62%

Check overlap with more funds →

Side by side

JUDO Janus Henderson U.S. Equity Enhanced Income ETF · Covered call on its own stocks, paying monthly PBP Invesco S&P 500 BuyWrite ETF · Covered call on SPY, paying monthly

Issuer Janus Henderson Invesco

Strategy covered call covered call

Benchmark JUDO's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jul 31, 2026) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 6.4% 8.5%

Expense ratio 0.55% 0.29%

Cash paid, 1 year 3.8% (since launch, Mar 25, 2026) 11.7%

Price change, 1 year +12.2% (since launch, Mar 25, 2026) +3.6%

Total return, 1 year +16.1% (since launch, Mar 25, 2026) +16.2%

Benchmark return, 1 year not published +14.8%

Ahead or behind not available +1.4 pts

Return of capital, latest estimate not published 95%

Age 224 days 18.9 years

Net assets, JUDO as of Jul 31, 2026 and PBP as of Nov 3, 2026 $7.0m $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: JUDO vs PBP: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JUDO	PBP	JUDO	PBP	JUDO	PBP
3 months	−1.2%	+2.5%	1.6%	2.5%	+0.5 pts	+2.6 pts
6 months	+5.8%	+8.1%	3.1%	5.3%	+0.6 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: JUDO Mar 2026 · PBP Dec 2007	+16.1%	+172.0%	3.8%	92.4%	not measured	−467.6 pts

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Alert

About each fund

JUDO

JUDO's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jul 31, 2026) returned +5.2% over the same days, so a holder was ahead by 0.6 pts.

Over the 6 months to Nov 4, 2026, JUDO paid 3.1% of its starting value in cash distributions while its price rose 2.7%. With every distribution reinvested, the fund returned +5.8%. At its price on Nov 4, 2026 the latest distribution annualizes to 6.4%, paid monthly.

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). That is a tax label, not a measure of erosion.

Questions people ask

Which is cheaper, JUDO or PBP?: JUDO charges 0.55% a year and PBP charges 0.29%, so PBP is cheaper. Fees come from each fund's prospectus.

Other comparisons

JUDO vs OMAH JUDO vs DUBS JUDO vs KHPI JUDO vs XDTE PBP vs RNTY PBP vs CVRD PBP vs SCEP PBP vs TCAL

Where to next

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

Sources and dates

JUDO filings on SEC EDGAR ↗

JUDO prospectus with the expense ratio (SEC) ↗

Janus Henderson website ↗

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

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