Data as of .
PBP vs SCEP: which paid, and which earned it?
PBP and SCEP both write options for income.
What they hold in common
By the books each fund has filed, PBP and SCEP hold 39% of their money in the same securities at the same weight.
| Holding | PBP | SCEP |
|---|---|---|
| Apple Inc | 7.50% | 5.71% |
| NVIDIA Corp | 8.18% | 5.70% |
| Amazon.com Inc | 3.77% | 4.68% |
| Microsoft Corp | 5.57% | 3.49% |
| Alphabet Inc | 3.11% | 5.98% |
| Broadcom Inc | 2.57% | 5.61% |
| Meta Platforms Inc | 2.22% | 2.23% |
| Advanced Micro Devices Inc | 1.39% | 2.19% |
| Johnson & Johnson | 0.99% | 1.54% |
| Visa Inc | 0.93% | 1.98% |
| Walmart Inc | 0.71% | 1.05% |
| AbbVie Inc | 0.71% | 1.62% |
| Only in PBP | Only in SCEP |
|---|---|
| Alphabet Inc 2.47% | JP MORGAN CHASE & COMPANY 3.55% |
| Micron Technology Inc 1.74% | WILLIAMS COMPANIES INC (THE) 2.15% |
| Tesla Inc 1.56% | VERTIV HOLDINGS COMPANY 1.82% |
| JPMorgan Chase & Co 1.42% | CHUBB LTD (SWITZERLAND) 1.56% |
| Berkshire Hathaway Inc 1.42% | SHERWIN-WILLIAMS COMPANY (THE) 1.26% |
| Eli Lilly & Co 1.38% | ELI LILLY & COMPANY 1.25% |
| ExxonMobil Holdings Corp 1.03% | MKS INC 1.22% |
| Intel Corp 0.81% | PROCTER & GAMBLE COMPANY (THE) 1.03% |
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 Jun 30, 2026 and Sep 19, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| PBP | SCEP | PBP | SCEP | PBP | SCEP | |
| 3 months | +5.0% | −0.1% | 2.8% | 1.7% | +2.7 pts | −2.4 pts |
| 6 months | +13.0% | +8.3% | 5.7% | 3.7% | −5.0 pts | −9.7 pts |
| 1 year | +18.5% | not published | 11.8% | not published | +1.9 pts | not published |
| 3 years | +46.1% | not published | 31.8% | not published | −32.3 pts | not published |
| Since launch | +199.0% | +3.5% | 101.2% | 5.0% | −604.5 pts | −8.2 pts |
| PBP Invesco S&P 500 BuyWrite ETF Covered call on SPY, paying monthly | SCEP STERLING CAPITAL HEDGED EQUITY PREMIUM INCOME ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | Invesco | Sterling Capital |
| Strategy | covered call | covered call |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 11.3% | 7.1% |
| Expense ratio | 0.29% | 0.65% |
| Cash paid, 1 year | 11.8% | 5.0% (since launch on Dec 11, 2025) |
| Price change, 1 year | +5.5% | −1.6% |
| Total return, 1 year | +18.5% | +3.5% (since launch on Dec 11, 2025) |
| Benchmark return, 1 year | +16.6% | +11.7% |
| Ahead or behind | +1.9 pts | −8.2 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 6101 days | 281 days |
| Net assets | $386m | $235m |
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.
SCEP in plain words
Over the period since launch on Dec 11, 2025 to Sep 18, 2026, SCEP paid 5.0% of its starting value in cash distributions while its price fell 1.6%. With every distribution reinvested, the fund returned +3.5%. S&P 500 (SPY) returned +11.7% over the same days, so a holder was behind by 8.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 7.1%, paid monthly.
Questions people ask
- Which is cheaper, PBP or SCEP?
- PBP charges 0.29% a year and SCEP charges 0.65%, 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, PBP against SCEP, data as of Sep 18, 2026. https://etfiq.com/compare/income/pbp-vs-scep Free to use with attribution; the underlying files are at Open data.