Data as of .
PBP vs SPUT: which paid, and which earned it?
Over the year PBP paid 11.8% of its price in cash against SPUT’s 5.2%, and returned more with it reinvested.
ETFIQ Return Stability Score: PBP scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 173 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed
What they hold in common
By the books each fund has filed, PBP and SPUT hold 49% of their money in the same securities at the same weight.
| Holding | PBP | SPUT |
|---|---|---|
| NVIDIA Corp | 8.18% | 3.85% |
| Apple Inc | 7.50% | 3.22% |
| Microsoft Corp | 5.57% | 2.47% |
| Amazon.com Inc | 3.77% | 2.09% |
| Alphabet Inc | 3.11% | 1.84% |
| Broadcom Inc | 2.57% | 1.60% |
| Alphabet Inc | 2.47% | 1.59% |
| Meta Platforms Inc | 2.22% | 1.10% |
| Tesla Inc | 1.56% | 0.91% |
| JPMorgan Chase & Co | 1.42% | 0.70% |
| Eli Lilly & Co | 1.38% | 0.65% |
| ExxonMobil Holdings Corp | 1.03% | 0.54% |
| Only in PBP | Only in SPUT |
|---|---|
| Goldman Sachs Group Inc/The 0.42% | TREASURY BILL 49.24% |
| Bank of New York Mellon Corp/The 0.16% | Bank of New York Mellon Corp/T 0.08% |
| NXP Semiconductors NV 0.09% | MercadoLibre Inc 0.07% |
| Moderna Inc 0.08% | Spotify Technology SA 0.06% |
| Honeywell Aerospace Inc 0.08% | Cloudflare Inc 0.05% |
| Vivmark Residential 0.07% | Bloom Energy Corp 0.05% |
| M&T Bank Corp 0.05% | Cheniere Energy Inc 0.05% |
| F5 Inc 0.04% | Anglogold Ashanti Plc 0.04% |
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 Apr 30, 2026 and Sep 19, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| PBP | SPUT | PBP | SPUT | PBP | SPUT | |
| 3 months | +5.0% | +2.4% | 2.8% | 1.1% | +2.7 pts | +0.1 pts |
| 6 months | +13.0% | +11.5% | 5.7% | 2.5% | −5.0 pts | −6.5 pts |
| 1 year | +18.5% | +11.5% | 11.8% | 5.2% | +1.9 pts | −5.1 pts |
| 3 years | +46.1% | not published | 31.8% | not published | −32.3 pts | not published |
| Since launch | +199.0% | +22.4% | 101.2% | 8.5% | −604.5 pts | −15.6 pts |
| PBP Invesco S&P 500 BuyWrite ETF Covered call on SPY, paying monthly | SPUT Innovator Equity Premium Income - Daily PutWrite ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | Invesco | Innovator |
| Strategy | covered call | covered call |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY), used as a default proxy |
| Pays | monthly | monthly |
| Payout rate, annualized | 11.3% | 4.7% |
| Expense ratio | 0.29% | 0.79% |
| Cash paid, 1 year | 11.8% | 5.2% |
| Price change, 1 year | +5.5% | +6.0% |
| Total return, 1 year | +18.5% | +11.5% |
| Benchmark return, 1 year | +16.6% | +16.6% |
| Ahead or behind | +1.9 pts | −5.1 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 6101 days | 553 days |
| Net assets | $386m | $17m |
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.
SPUT in plain words
Over the year to Sep 18, 2026, SPUT paid 5.2% of its starting value in cash distributions while its price rose 6.0%. With every distribution reinvested, the fund returned +11.5%. S&P 500 (SPY), used as a default proxy returned +16.6% over the same days, so a holder was behind by 5.1 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 4.7%, paid monthly.
Questions people ask
- Which paid more, PBP or SPUT?
- Over the year to Sep 18, 2026, PBP paid 11.8% of its starting price in cash and SPUT paid 5.2%, 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 SPUT?
- With every distribution reinvested, PBP returned +18.5% and SPUT returned +11.5% over the year to Sep 18, 2026, so PBP returned more.
- Which is cheaper, PBP or SPUT?
- PBP charges 0.29% a year and SPUT charges 0.79%, 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 SPUT, data as of Sep 18, 2026. https://etfiq.com/compare/income/pbp-vs-sput Free to use with attribution; the underlying files are at Open data.