Which paid more, PBP or QRMI?

Over the year to Nov 4, 2026, PBP paid 11.7% of its starting price in cash and QRMI paid 11.6%, 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, PBP or QRMI?

With every distribution reinvested, PBP returned +16.2% and QRMI +3.7% over the year to Nov 4, 2026.

Which is cheaper, PBP or QRMI?

PBP charges 0.29% a year and QRMI charges 0.60%, so PBP is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

PBP vs QRMI: 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 QRMI’s 11.6%, and returned more with it reinvested.

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Net assets: $389m on Nov 3, 2026 for Invesco S&P 500 BuyWrite ETF, and $15m on Oct 12, 2026 for Global X NASDAQ 100 Risk Managed Income ETF.

PBP on its own →QRMI on its own →

At a glance

11.7%

PBP cash paid, 1 year

11.6%

QRMI cash paid, 1 year

+16.2%

PBP total return, 1 year

+3.7%

QRMI total return, 1 year

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. Total return, distributions reinvested. PBP over 1 year: paid 11.7%, price +3.6%, total +16.2%, SPY +14.8%, +1.4 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

QRMI · 1 year to Nov 4, 2026 8.6 pts behind QQQ

QRMI

+3.7%

QQQ

+12.3%

8.6 pts behind QQQ

QRMI over 1 year: paid 11.6%, price −8.1%, total +3.7%, QQQ +12.3%, −8.6 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QRMI

+3.7%

11.6% as cash

8.6 pts behind QQQ

Total return, distributions reinvested

8.6 pts behind QQQ

QRMI over 1 year: paid 11.6%, price −8.1%, total +3.7%, QQQ +12.3%, −8.6 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QRMI

+3.7%

8.6 pts behind QQQ

11.6% of it arrived as cash. Both charts share one scale, with zero at the line. QRMI over 1 year: paid 11.6%, price −8.1%, total +3.7%, QQQ +12.3%, −8.6 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

PBP costs 0.31 points a year less; their one-year returns differ by 12.5 points; PBP is far larger, $392m against $15m.

Points (pts) are percentage points.

PBP vs QRMI: Dividend Yield & Total Return
Measure	PBP	QRMI
Paid and earned
Measure	PBP	QRMI
Total return, 1 year	+16.2%	+3.7%
Price change, 1 year	rose 3.6%	fell 8.1%
Return of capital, issuer estimate	95% of the Oct 23, 2026 payment	100% of the Sep 24, 2026 payment
Against its benchmark
Measure	PBP	QRMI
Benchmark	S&P 500, measured through SPY	Nasdaq-100, measured through QQQ
Cost and size
Measure	PBP	QRMI
Expense ratio	0.29%	0.60%
Net assets, as of Oct 12, 2026	$392m	$15m
Holdings
Measure	PBP	QRMI
Holdings in common	53%

ETFIQ Distribution Coverage Score · PBP scores higher How much of what it paid out did its total return cover?

IQ Income Score75.1PBP27.2QRMI

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

PBP 75.1

QRMI 27.2

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

53%

By the books each fund has filed, PBP and QRMI hold 53% 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

53% in common

Positions both hold · largest shared weight first PBP QRMI

NVIDIA Corp 7.71% 8.14%

Apple Inc 7.47% 7.60%

Microsoft Corp 5.96% 5.78%

Amazon.com Inc 3.79% 4.90%

Alphabet Inc 2.53% 3.48%

Broadcom Inc 2.44% 3.10%

Meta Platforms Inc 2.11% 2.77%

Alphabet Inc 2.04% 3.26%

Tesla Inc 1.73% 2.60%

Micron Technology Inc 1.49% 4.29%

Advanced Micro Devices Inc 1.22% 3.60%

Walmart Inc 0.86% 2.51%

Only in one fund ↓

Only in PBP

Eli Lilly & Co 1.74%

Berkshire Hathaway Inc 1.60%

JPMorgan Chase & Co 1.39%

ExxonMobil Holdings Corp 1.12%

Visa Inc 1.10%

Johnson & Johnson 0.99%

Mastercard Inc 0.81%

AbbVie Inc 0.78%

Only in QRMI

SPACE EXPLORATION TECHNOLOGIES CORP. 0.97%

ASML Holding N.V. 0.72%

SHOPIFY INC. 0.67%

ARM Holdings PLC 0.49%

MercadoLibre, Inc. 0.46%

WARNER BROS. DISCOVERY, INC. 0.29%

PDD Holdings Inc. 0.28%

Astera Labs Inc 0.24%

Check overlap with more funds →

Side by side

PBP Invesco S&P 500 BuyWrite ETF · Covered call on SPY, paying monthly QRMI Global X NASDAQ 100 Risk Managed Income ETF · Option income on QQQ, paying monthly

Issuer Invesco Global X

Strategy covered call option income

Benchmark S&P 500 (SPY) Nasdaq-100 (QQQ)

Pays monthly monthly

Payout rate, annualized 8.5% 12.2%

Expense ratio 0.29% 0.60%

Cash paid, 1 year 11.7% 11.6%

Price change, 1 year +3.6% −8.1%

Total return, 1 year +16.2% +3.7%

Benchmark return, 1 year +14.8% +12.3%

Ahead or behind +1.4 pts −8.6 pts

Return of capital, latest estimate 95% 100%

Age 18.9 years 5.2 years

Net assets, PBP as of Nov 3, 2026 and QRMI as of Oct 12, 2026 $389m $15m

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: PBP vs QRMI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	PBP	QRMI	PBP	QRMI	PBP	QRMI
3 months	+2.5%	−0.1%	2.5%	3.0%	+2.6 pts	+3.4 pts
6 months	+8.1%	+1.0%	5.3%	5.9%	+3.1 pts	+1.3 pts
1 year	+16.2%	+3.7%	11.7%	11.6%	+1.4 pts	−8.6 pts
3 years	+49.6%	+25.7%	33.4%	35.0%	−33.3 pts	−65.7 pts
Since launchNot the same days: PBP Dec 2007 · QRMI Aug 2021	+172.0%	+8.5%	92.4%	42.0%	−467.6 pts	−83.2 pts

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Alert

About each fund

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.

QRMI

Over the year to Nov 4, 2026, QRMI paid 11.6% of its starting value in cash distributions while its price fell 8.1%. With every distribution reinvested, the fund returned +3.7%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was behind by 8.6 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 12.2%, paid monthly. Global X estimates that 100% of the distribution paid Sep 24, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, PBP or QRMI?: Over the year to Nov 4, 2026, PBP paid 11.7% of its starting price in cash and QRMI paid 11.6%, 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, PBP or QRMI?: With every distribution reinvested, PBP returned +16.2% and QRMI +3.7% over the year to Nov 4, 2026.
Which is cheaper, PBP or QRMI?: PBP charges 0.29% a year and QRMI charges 0.60%, so PBP is cheaper. Fees come from each fund's prospectus.

Other comparisons

PBP vs QDTY PBP vs ACQQ PBP vs BALQ PBP vs QLDY QRMI vs DUBS QRMI vs XDTE QRMI vs EGGY QRMI vs SEPI

Where to next

S&P 500 (SPY) →Nasdaq-100 (QQQ) →PBP on its own →QRMI on its own →PBP dividend history →PBP holdings →QRMI dividend history →QRMI holdings →Method →Standards and sources →

Sources and dates

PBP filings on SEC EDGAR ↗

PBP prospectus with the expense ratio (SEC) ↗

PBP 19a-1 distribution notice ↗

Invesco page for PBP ↗

QRMI filings on SEC EDGAR ↗

QRMI prospectus with the expense ratio (SEC) ↗

QRMI 19a-1 distribution notice ↗

Global X page for QRMI ↗

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

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