Data as of .
OEI vs PBP: which paid, and which earned it?
OEI and PBP both write options for income.
What they hold in common
By the books each fund has filed, OEI and PBP hold 67% of their money in the same securities at the same weight.
| Holding | OEI | PBP |
|---|---|---|
| NVIDIA Corp | 8.32% | 8.18% |
| Microsoft Corp | 5.99% | 5.57% |
| Apple Inc | 4.28% | 7.50% |
| Amazon.com Inc | 4.56% | 3.77% |
| Alphabet Inc | 3.48% | 3.11% |
| Broadcom Inc | 3.04% | 2.57% |
| Alphabet Inc | 2.79% | 2.47% |
| Meta Platforms Inc | 2.18% | 2.22% |
| Micron Technology Inc | 2.57% | 1.74% |
| Tesla Inc | 1.46% | 1.56% |
| JPMorgan Chase & Co | 1.65% | 1.42% |
| Berkshire Hathaway Inc | 1.60% | 1.42% |
| Only in OEI | Only in PBP |
|---|---|
| Mobility Global Inc 0.02% | Palo Alto Networks Inc 0.45% |
| Sandisk Corp 0.40% | |
| Crowdstrike Holdings Inc 0.37% | |
| KLA Corp 0.35% | |
| Marvell Technology Inc 0.33% | |
| Linde PLC 0.32% | |
| Seagate Technology Holdings PLC 0.29% | |
| Analog Devices Inc 0.28% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jul 31, 2026 and Sep 19, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| OEI | PBP | OEI | PBP | OEI | PBP | |
| 3 months | +4.8% | +5.0% | 2.3% | 2.8% | +2.5 pts | +2.7 pts |
| 6 months | +12.5% | +13.0% | 4.9% | 5.7% | −5.6 pts | −5.0 pts |
| 1 year | not published | +18.5% | not published | 11.8% | not published | +1.9 pts |
| 3 years | not published | +46.1% | not published | 31.8% | not published | −32.3 pts |
| Since launch | +14.4% | +199.0% | 8.6% | 101.2% | −0.9 pts | −604.5 pts |
| 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), used as a default proxy | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 9.2% | 11.3% |
| Expense ratio | 1.02% | 0.29% |
| Cash paid, 1 year | 8.6% (since launch on Oct 22, 2025) | 11.8% |
| Price change, 1 year | +5.2% | +5.5% |
| Total return, 1 year | +14.4% (since launch on Oct 22, 2025) | +18.5% |
| Benchmark return, 1 year | +15.3% | +16.6% |
| Ahead or behind | −0.9 pts | +1.9 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 331 days | 6101 days |
| Net assets | $46m | $386m |
OEI in plain words
Over the period since launch on Oct 22, 2025 to Sep 18, 2026, OEI paid 8.6% of its starting value in cash distributions while its price rose 5.2%. With every distribution reinvested, the fund returned +14.4%. S&P 500 (SPY), used as a default proxy returned +15.3% over the same days, so a holder was behind by 0.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 9.2%, paid monthly.
PBP in plain words
Over the year to Sep 18, 2026, PBP paid 11.8% of its starting value in cash distributions while its price rose 5.5%. With every distribution reinvested, the fund returned +18.5%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was ahead by 1.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 11.3%, paid monthly.
Questions people ask
- 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
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, OEI against PBP, data as of Sep 18, 2026. https://etfiq.com/compare/income/oei-vs-pbp Free to use with attribution; the underlying files are at Open data.