Data as of .
PBP vs XSPI: which paid, and which earned it?
PBP and XSPI both write options for income.
What they hold in common
By the books each fund has filed, PBP and XSPI hold 97% of their money in the same securities at the same weight.
| Holding | PBP | XSPI |
|---|---|---|
| NVIDIA Corp | 8.18% | 8.50% |
| Apple Inc | 7.50% | 7.83% |
| Microsoft Corp | 5.57% | 5.80% |
| Amazon.com Inc | 3.77% | 3.94% |
| Alphabet Inc | 3.11% | 3.24% |
| Broadcom Inc | 2.57% | 2.65% |
| Alphabet Inc | 2.47% | 2.57% |
| Meta Platforms Inc | 2.22% | 2.25% |
| Micron Technology Inc | 1.74% | 1.75% |
| Tesla Inc | 1.56% | 1.59% |
| JPMorgan Chase & Co | 1.42% | 1.47% |
| Berkshire Hathaway Inc | 1.42% | 1.47% |
| Only in PBP | Only in XSPI |
|---|---|
| Invesco Government & Agency Portfolio 0.02% | SPX US 10/16/26 C7500 1.39% |
| CASH & EQUIVALENTS 0.00% | SPX US 10/16/26 C7870 -0.12% |
| SECURITIES LENDING - BNYM 0.00% | SPX US 10/16/26 C7790 -0.25% |
| SPX US 10/16/26 P7500 -0.33% |
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 19, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| PBP | XSPI | PBP | XSPI | PBP | XSPI | |
| 3 months | +5.0% | +3.7% | 2.8% | 4.2% | +2.7 pts | +1.4 pts |
| 6 months | +13.0% | +20.0% | 5.7% | 9.2% | −5.0 pts | +1.9 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% | +11.6% | 101.2% | 11.1% | −604.5 pts | +0.2 pts |
| PBP Invesco S&P 500 BuyWrite ETF Covered call on SPY, paying monthly | XSPI NEOS Boosted S&P 500(R) High Income ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | Invesco | NEOS |
| Strategy | covered call | option income |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 11.3% | 17.1% |
| Expense ratio | 0.29% | 0.98% |
| Cash paid, 1 year | 11.8% | 11.1% (since launch on Feb 3, 2026) |
| Price change, 1 year | +5.5% | −0.3% |
| Total return, 1 year | +18.5% | +11.6% (since launch on Feb 3, 2026) |
| Benchmark return, 1 year | +16.6% | +11.3% |
| Ahead or behind | +1.9 pts | +0.2 pts |
| Return of capital, latest estimate | not published | 99% |
| Age | 6101 days | 227 days |
| Net assets | $386m | $113m |
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.
XSPI in plain words
Over the period since launch on Feb 3, 2026 to Sep 18, 2026, XSPI paid 11.1% of its starting value in cash distributions while its price fell 0.3%. With every distribution reinvested, the fund returned +11.6%. S&P 500 (SPY) returned +11.3% over the same days, so a holder was about even. At its price on Sep 18, 2026 the latest distribution annualizes to 17.1%, paid monthly. NEOS estimates that 99% of the distribution paid Jul 10, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which is cheaper, PBP or XSPI?
- PBP charges 0.29% a year and XSPI charges 0.98%, 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 XSPI, data as of Sep 18, 2026. https://etfiq.com/compare/income/pbp-vs-xspi Free to use with attribution; the underlying files are at Open data.