Data as of Nov 12, 2026.
MPIM vs PBP: Dividend Yield & Total Return
Return, fees and overlap, side by side.
Pair scorecard
PBP costs 0.41 points a year less.
Points (pts) are percentage points.
| Measure | MPIM | PBP |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +14.9% |
| Price change | fell 12.8% (since Aug 12, 2026) | rose 2.3% (1 year) |
| Return of capital, issuer estimate | 95% of the Oct 23, 2026 payment | |
| Against its benchmark | ||
| Benchmark | not published | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.70% | 0.29% |
| Net assets | not read by ETFIQ | $395m |
| Holdings | ||
| Holdings in common | not published | |
Not measured
MPIM since launch: paid 3.0%, price −12.8%, total −10.0%, not measured against a benchmark. Data to Nov 12, 2026.
MPIM
−10.0%
Total return, distributions reinvested
Not measured
MPIM since launch: paid 3.0%, price −12.8%, total −10.0%, not measured against a benchmark. Data to Nov 12, 2026.
MPIM
−10.0%
3.0% of it arrived as cash. Total return, distributions reinvested. MPIM since launch: paid 3.0%, price −12.8%, total −10.0%, not measured against a benchmark. Data to Nov 12, 2026.
Data to Nov 12, 2026.2.9 pts ahead of SPY
PBP over 1 year: paid 11.7%, price +2.3%, total +14.9%, SPY +12.0%, +2.9 pts. Data to Nov 12, 2026.
SPY
+12.0%
PBP
+14.9%
11.7% of it arrived as cash
2.9 pts ahead of SPY
Total return, distributions reinvested
2.9 pts ahead of SPY
PBP over 1 year: paid 11.7%, price +2.3%, total +14.9%, SPY +12.0%, +2.9 pts. Data to Nov 12, 2026.
SPY
+12.0%
PBP
+14.9%
2.9 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 +2.3%, total +14.9%, SPY +12.0%, +2.9 pts. Data to Nov 12, 2026.
Data to Nov 12, 2026.Side by side
As of Nov 12, 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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | MPIM | PBP | MPIM | PBP | MPIM | PBP |
| 3 months | −10.6% | +1.4% | 3.0% | 2.5% | not measured | +3.9 pts |
| 6 months | – | +7.0% | – | 5.2% | – | +5.3 pts |
| 1 year | – | +14.9% | – | 11.7% | – | +2.9 pts |
| 3 years | – | +48.4% | – | 33.3% | – | −29.9 pts |
| Since launchNot the same days: MPIM Aug 2026 · PBP Dec 2007 | −10.0% | +170.3% | 3.0% | 92.4% | not measured | −460.0 pts |
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MPIM
Over the period from its first trade on Aug 12, 2026 to Nov 12, 2026, MPIM paid 3.0% of its starting value in cash distributions while its price fell 12.8%. With every distribution reinvested, the fund returned −10.0%. At its price on Nov 12, 2026 the latest distribution annualizes to 17.0%, paid periodically.
PBP
Over the year to Nov 12, 2026, PBP paid 11.7% of its starting value in cash distributions while its price rose 2.3%. With every distribution reinvested, the fund returned +14.9%. S&P 500 (SPY) returned +12.0% over the same days, so a holder was ahead by 2.9 pts. At its price on Nov 12, 2026 the latest distribution annualizes to 8.6%, 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
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Every number is an ETFIQ calculation with distributions reinvested.
Cite this pageCitation, APA and Markdown
ETFIQ, MPIM against PBP, data as of Nov 12, 2026. https://etfiq.com/compare/income/mpim-vs-pbp
ETFIQ. (Nov 12, 2026). MPIM against PBP. Retrieved from https://etfiq.com/compare/income/mpim-vs-pbp
[MPIM against PBP (ETFIQ, Nov 12, 2026)](https://etfiq.com/compare/income/mpim-vs-pbp)
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MPIM and PBP both write options for income.
MPIM and PBP
Total return, distributions reinvested, 3 months.
MPIM −10.6%, PBP +1.4%: PBP +12.0 pts ahead, 3 months, Aug 13, 2026 to Nov 12, 2026.