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Data as of Nov 4, 2026.

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Income ETFs

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

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Net assets: $46m on Jul 31, 2026 for Optimized Equity Income ETF, and $389m on Nov 3, 2026 for Invesco S&P 500 BuyWrite ETF.

OEI on its own →PBP on its own →
At a glance
9.2%
OEI cash paid, 1 year
11.7%
PBP cash paid, 1 year
+12.9%
OEI total return, 1 year
+16.2%
PBP total return, 1 year
OEI · 1 year to Nov 4, 2026 1.9 pts behind SPY
OEI
+12.9%
SPY
+14.8%

1.9 pts behind SPY

OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

SPY

+14.8%

OEI

+12.9%

9.2% of it arrived as cash

1.9 pts behind SPY

Total return, distributions reinvested

1.9 pts behind SPY

OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

SPY

+14.8%

OEI

+12.9%

9.2% cash

1.9 pts behind SPY

9.2% of it arrived as cash. Total return, distributions reinvested. OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 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, 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 0.73 points a year less; their one-year returns differ by 3.3 points.

Points (pts) are percentage points.

OEI vs PBP: Dividend Yield & Total Return
MeasureOEIPBP
Paid and earned
Total return, 1 year+12.9%+16.2%
Price change, 1 yearrose 3.0%rose 3.6%
Return of capital, issuer estimate95% of the Oct 23, 2026 payment
Against its benchmark
BenchmarkS&P 500, measured through SPYS&P 500, measured through SPY
Cost and size
Expense ratio1.02%0.29%
Net assets, OEI as of Jul 31, 2026 and PBP as of Nov 3, 2026$46m$389m
Holdings
Holdings in common66%
ETFIQ Distribution Coverage Score · OEI scores higher How much of what it paid out did its total return cover?
IQ Income Score75.7OEI75.1PBP

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

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

66%

By the books each fund has filed, OEI and PBP hold 66% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

0 half 100%

half

66% in common

Positions both hold · largest shared weight first OEI PBP
NVIDIA Corp 8.22% 7.71%
Microsoft Corp 5.93% 5.96%
Apple Inc 4.23% 7.47%
Amazon.com Inc 4.51% 3.79%
Alphabet Inc 3.44% 2.53%
Broadcom Inc 3.01% 2.44%
Meta Platforms Inc 2.15% 2.11%
Alphabet Inc 2.76% 2.04%
Eli Lilly & Co 1.78% 1.74%
Berkshire Hathaway Inc 1.58% 1.60%
Micron Technology Inc 2.54% 1.49%
Tesla Inc 1.44% 1.73%
Only in one fund ↓
Only in OEI
Mobility Global Inc 0.02%
Only in PBP
Palo Alto Networks Inc 0.44%
Crowdstrike Holdings Inc 0.38%
Linde PLC 0.36%
Analog Devices Inc 0.32%
KLA Corp 0.32%
Union Pacific Corp 0.28%
Welltower Inc 0.27%
ConocoPhillips 0.27%
Check overlap with more funds →

Side by side

OEI Optimized Equity Income ETF · Option income on SPY, paying monthly PBP Invesco S&P 500 BuyWrite ETF · Covered call on SPY, paying monthly
Issuer Core Alternative Invesco
Strategy option income covered call
Benchmark S&P 500 (SPY) S&P 500 (SPY)
Pays monthly monthly
Payout rate, annualized 9.6% 8.5%
Expense ratio 1.02% 0.29%
Cash paid, 1 year 9.2% 11.7%
Price change, 1 year +3.0% +3.6%
Total return, 1 year +12.9% +16.2%
Benchmark return, 1 year +14.8% +14.8%
Ahead or behind −1.9 pts +1.4 pts
Return of capital, latest estimate not published 95%
Age 1.0 years 18.9 years
Net assets, OEI as of Jul 31, 2026 and PBP as of Nov 3, 2026 $46m $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: OEI vs PBP: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowOEIPBPOEIPBPOEIPBP
3 months+3.3%+2.5%2.4%2.5%+3.4 pts+2.6 pts
6 months+6.3%+8.1%4.7%5.3%+1.3 pts+3.1 pts
1 year+12.9%+16.2%9.2%11.7%−1.9 pts+1.4 pts
3 years–+49.6%–33.4%–−33.3 pts
Since launchNot the same days: OEI Oct 2025 · PBP Dec 2007+15.0%+172.0%9.4%92.4%−1.1 pts−467.6 pts

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About each fund
OEI

Over the year to Nov 4, 2026, OEI paid 9.2% of its starting value in cash distributions while its price rose 3.0%. With every distribution reinvested, the fund returned +12.9%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 1.9 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 9.6%, 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 paid more, OEI or PBP?
Over the year to Nov 4, 2026, OEI 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, OEI or PBP?
With every distribution reinvested, OEI returned +12.9% and PBP +16.2% over the year to Nov 4, 2026.
Which is cheaper, OEI or PBP?
OEI charges 1.02% a year and PBP charges 0.29%, so PBP is cheaper. Fees come from each fund's prospectus.
Other comparisons
OEI vs DUBSOEI vs XDTEOEI vs EGGYOEI vs SEPIPBP vs SEPIPBP vs EGGYPBP vs XDTEPBP vs DUBS
Where to next
S&P 500 (SPY) →OEI on its own →PBP on its own →OEI dividend history →OEI holdings →PBP dividend history →PBP holdings →Method →Standards and sources →
Sources and dates
OEI filings on SEC EDGAR ↗
OEI prospectus with the expense ratio (SEC) ↗
Core Alternative 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

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.

Cite this pageCitation, APA and Markdown

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

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