Data as of .
PBP vs XRMI: which paid, and which earned it?
Over the year XRMI paid 12.1% of its price in cash against PBP’s 11.8%, though PBP 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 XRMI hold 98% of their money in the same securities at the same weight.
| Holding | PBP | XRMI |
|---|---|---|
| NVIDIA Corp | 8.18% | 8.27% |
| Apple Inc | 7.50% | 7.54% |
| Microsoft Corp | 5.57% | 5.63% |
| Amazon.com Inc | 3.77% | 3.82% |
| Alphabet Inc | 3.11% | 3.15% |
| Broadcom Inc | 2.57% | 2.61% |
| Alphabet Inc | 2.47% | 2.50% |
| Meta Platforms Inc | 2.22% | 2.26% |
| Micron Technology Inc | 1.74% | 1.76% |
| Tesla Inc | 1.56% | 1.58% |
| JPMorgan Chase & Co | 1.42% | 1.44% |
| Advanced Micro Devices Inc | 1.39% | 1.40% |
| Only in PBP | Only in XRMI |
|---|---|
| Berkshire Hathaway Inc 1.42% | BERKSHIRE HATHAWAY INC-CL B 1.46% |
| Invesco Government & Agency Portfolio 0.02% | CASH 1.11% |
| Builders FirstSource Inc 0.01% | SPX US 10/16/26 P7250 0.28% |
| Molson Coors Beverage Co 0.01% | BLOOM ENERGY CORP- A 0.12% |
| Trade Desk Inc/The 0.01% | ILLUMINA INC 0.06% |
| Brown-Forman Corp 0.01% | EVERPURE INC 0.05% |
| CASH & EQUIVALENTS 0.00% | XSP US 10/16/26 P725 0.01% |
| SECURITIES LENDING - BNYM 0.00% | BROWN-FORMAN CORP-CLASS B 0.00% |
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 Sep 18, 2026 and Sep 19, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| PBP | XRMI | PBP | XRMI | PBP | XRMI | |
| 3 months | +5.0% | +3.5% | 2.8% | 3.0% | +2.7 pts | +1.2 pts |
| 6 months | +13.0% | +8.9% | 5.7% | 6.3% | −5.0 pts | −9.1 pts |
| 1 year | +18.5% | +10.3% | 11.8% | 12.1% | +1.9 pts | −6.3 pts |
| 3 years | +46.1% | +27.2% | 31.8% | 33.3% | −32.3 pts | −51.2 pts |
| Since launch | +199.0% | +17.0% | 101.2% | 43.8% | −604.5 pts | −66.1 pts |
| PBP Invesco S&P 500 BuyWrite ETF Covered call on SPY, paying monthly | XRMI Global X S&P 500 Risk Managed Income ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | Invesco | Global X |
| Strategy | covered call | option income |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 11.3% | 12.3% |
| Expense ratio | 0.29% | 0.60% |
| Cash paid, 1 year | 11.8% | 12.1% |
| Price change, 1 year | +5.5% | −2.4% |
| Total return, 1 year | +18.5% | +10.3% |
| Benchmark return, 1 year | +16.6% | +16.6% |
| Ahead or behind | +1.9 pts | −6.3 pts |
| Return of capital, latest estimate | not published | 95% |
| Age | 6101 days | 1849 days |
| Net assets | $386m | $60m |
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.
XRMI in plain words
Over the year to Sep 18, 2026, XRMI paid 12.1% of its starting value in cash distributions while its price fell 2.4%. With every distribution reinvested, the fund returned +10.3%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 6.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 12.3%, paid monthly. Global X estimates that 95% of the distribution paid Aug 27, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which paid more, PBP or XRMI?
- Over the year to Sep 18, 2026, PBP paid 11.8% of its starting price in cash and XRMI paid 12.1%, so XRMI 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 XRMI?
- With every distribution reinvested, PBP returned +18.5% and XRMI returned +10.3% over the year to Sep 18, 2026, so PBP returned more.
- Which is cheaper, PBP or XRMI?
- PBP charges 0.29% a year and XRMI charges 0.60%, 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 XRMI, data as of Sep 18, 2026. https://etfiq.com/compare/income/pbp-vs-xrmi Free to use with attribution; the underlying files are at Open data.