Which paid more, PBP or SCLZ?

Over the year to Nov 4, 2026, PBP paid 11.7% of its starting price in cash and SCLZ paid 8.5%, 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 SCLZ?

With every distribution reinvested, PBP returned +16.2% and SCLZ +10.6% over the year to Nov 4, 2026.

Which is cheaper, PBP or SCLZ?

PBP charges 0.29% a year and SCLZ charges 0.79%, so PBP is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

PBP vs SCLZ: 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 SCLZ’s 8.5%, 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 $20m on Jun 30, 2026 for Swan Enhanced Dividend Income ETF.

PBP on its own →SCLZ on its own →

At a glance

11.7%

PBP cash paid, 1 year

8.5%

SCLZ cash paid, 1 year

+16.2%

PBP total return, 1 year

+10.6%

SCLZ 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.

SCLZ · 1 year to Nov 4, 2026 4.2 pts behind SPY

SCLZ

+10.6%

SPY

+14.8%

4.2 pts behind SPY

SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

SPY

+14.8%

SCLZ

+10.6%

8.5% of it arrived as cash

4.2 pts behind SPY

Total return, distributions reinvested

4.2 pts behind SPY

SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

SPY

+14.8%

SCLZ

+10.6%

8.5% cash

4.2 pts behind SPY

8.5% of it arrived as cash. Both charts share one scale, 0 to +16.2%. SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +16.2%. Data to Nov 4, 2026.

Pair scorecard

PBP costs 0.50 points a year less; their one-year returns differ by 5.6 points.

Points (pts) are percentage points.

PBP vs SCLZ: Dividend Yield & Total Return
Measure	PBP	SCLZ
Paid and earned
Measure	PBP	SCLZ
Total return, 1 year	+16.2%	+10.6%
Price change, 1 year	rose 3.6%	rose 1.6%
Return of capital, issuer estimate	95% of the Oct 23, 2026 payment
Against its benchmark
Measure	PBP	SCLZ
Benchmark	S&P 500, measured through SPY	S&P 500, measured through SPY
Cost and size
Measure	PBP	SCLZ
Expense ratio	0.29%	0.79%
Net assets, PBP as of Nov 3, 2026 and SCLZ as of Jun 30, 2026	$389m	$20m
Holdings
Measure	PBP	SCLZ
Holdings in common	49%

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

IQ Income Score75.1PBP71.6SCLZ

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

SCLZ 71.6

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

49%

By the books each fund has filed, PBP and SCLZ hold 49% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

50%

0 half 100%

half

49% in common

Positions both hold · largest shared weight first PBP SCLZ

Apple Inc 7.47% 6.20%

NVIDIA Corp 7.71% 6.03%

Amazon.com Inc 3.79% 3.77%

Microsoft Corp 5.96% 3.74%

Alphabet Inc 2.53% 5.22%

Broadcom Inc 2.44% 4.74%

Meta Platforms Inc 2.11% 3.36%

Eli Lilly & Co 1.74% 3.88%

Tesla Inc 1.73% 1.81%

Berkshire Hathaway Inc 1.60% 3.12%

Micron Technology Inc 1.49% 7.95%

Advanced Micro Devices Inc 1.22% 5.18%

Only in one fund ↓

Only in PBP

Alphabet Inc 2.04%

JPMorgan Chase & Co 1.39%

ExxonMobil Holdings Corp 1.12%

Procter & Gamble Co 0.58%

UnitedHealth Group Inc 0.56%

General Electric Co 0.51%

Bank of America Corp 0.50%

Applied Materials Inc 0.47%

Only in SCLZ

JP MORGAN CHASE & COMPANY 3.53%

GE AEROSPACE 2.76%

EXXON MOBIL CORP 1.94%

TJX COMPANIES INC (THE) 0.85%

LOWE'S COMPANIES INC 0.66%

WILLIAMS COMPANIES INC (THE) 0.30%

CORTEVA INC 0.24%

SOLSTICE ADVANCED MATERIALS INC 0.04%

Check overlap with more funds →

Side by side

PBP Invesco S&P 500 BuyWrite ETF · Covered call on SPY, paying monthly SCLZ Swan Enhanced Dividend Income ETF · Dividend stocks with call overlay on SPY, paying monthly

Issuer Invesco Swan

Strategy covered call dividend stocks with call overlay

Benchmark S&P 500 (SPY) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 8.5% 8.7%

Expense ratio 0.29% 0.79%

Cash paid, 1 year 11.7% 8.5%

Price change, 1 year +3.6% +1.6%

Total return, 1 year +16.2% +10.6%

Benchmark return, 1 year +14.8% +14.8%

Ahead or behind +1.4 pts −4.2 pts

Return of capital, latest estimate 95% not published

Age 18.9 years 2.7 years

Net assets, PBP as of Nov 3, 2026 and SCLZ as of Jun 30, 2026 $389m $20m

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 SCLZ: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	PBP	SCLZ	PBP	SCLZ	PBP	SCLZ
3 months	+2.5%	0.0%	2.5%	2.1%	+2.6 pts	+0.2 pts
6 months	+8.1%	+4.4%	5.3%	4.3%	+3.1 pts	−0.6 pts
1 year	+16.2%	+10.6%	11.7%	8.5%	+1.4 pts	−4.2 pts
3 years	+49.6%	–	33.4%	–	−33.3 pts	–
Since launchNot the same days: PBP Dec 2007 · SCLZ Feb 2024	+172.0%	+35.4%	92.4%	21.2%	−467.6 pts	−20.8 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.

SCLZ

Over the year to Nov 4, 2026, SCLZ paid 8.5% of its starting value in cash distributions while its price rose 1.6%. With every distribution reinvested, the fund returned +10.6%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 4.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.7%, paid monthly.

Questions people ask

Which paid more, PBP or SCLZ?: Over the year to Nov 4, 2026, PBP paid 11.7% of its starting price in cash and SCLZ paid 8.5%, 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 SCLZ?: With every distribution reinvested, PBP returned +16.2% and SCLZ +10.6% over the year to Nov 4, 2026.
Which is cheaper, PBP or SCLZ?: PBP charges 0.29% a year and SCLZ charges 0.79%, so PBP is cheaper. Fees come from each fund's prospectus.

Other comparisons

PBP vs QUSA PBP vs DRKY PBP vs JULH PBP vs SPUT SCLZ vs XDTE SCLZ vs EGGY SCLZ vs SEPI SCLZ vs XSPI

Where to next

S&P 500 (SPY) →PBP on its own →SCLZ on its own →PBP dividend history →PBP holdings →SCLZ dividend history →SCLZ 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 ↗

SCLZ filings on SEC EDGAR ↗

SCLZ prospectus with the expense ratio (SEC) ↗

Swan website ↗

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 SCLZ, data as of Nov 4, 2026. https://etfiq.com/compare/income/pbp-vs-sclz

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.