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Data as of .

PBP vs XYLD: which paid, and which earned it?

Over the year PBP paid 11.8% of its price in cash against XYLD’s 11.0%, and returned more with it reinvested.

Invesco S&P 500 BuyWrite ETF and Global X S&P 500 Covered Call ETF.

11.8%PBP cash paid, 1 year
11.0%XYLD cash paid, 1 year
+18.5%PBP total return, 1 year
+17.9%XYLD total return, 1 year

ETFIQ Return Stability Score: PBP scores higher

Was the payout funded by returns, or by your own capital?

PBP 80.6XYLD 79.53.8, the lowest in this set96.8, the highest

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

PBP1.9 pts ahead of SPY · 1 year to Sep 18, 2026
SPY+16.6%PBP+18.5%11.8% of it arrived as cash1.9 pts ahead of SPYTotal return, distributions reinvestedSPY+16.6%PBP+18.5%11.8% cash1.9 pts ahead of SPY
XYLD1.4 pts ahead of SPY · 1 year to Sep 18, 2026
SPY+16.6%XYLD+17.9%11.0% of it arrived as cash1.4 pts ahead of SPYTotal return, distributions reinvestedSPY+16.6%XYLD+17.9%11.0% cash1.4 pts ahead of SPY

What they hold in common

By the books each fund has filed, PBP and XYLD hold 98% of their money in the same securities at the same weight.

Positions PBP and XYLD both hold, largest shared weight first
HoldingPBPXYLD
NVIDIA Corp8.18%8.24%
Apple Inc7.50%7.55%
Microsoft Corp5.57%5.61%
Amazon.com Inc3.77%3.83%
Alphabet Inc3.11%3.13%
Broadcom Inc2.57%2.62%
Alphabet Inc2.47%2.49%
Meta Platforms Inc2.22%2.26%
Micron Technology Inc1.74%1.77%
Tesla Inc1.56%1.58%
JPMorgan Chase & Co1.42%1.43%
Advanced Micro Devices Inc1.39%1.41%
Only in each
Only in PBPOnly in XYLD
Berkshire Hathaway Inc 1.42%BERKSHIRE HATHAWAY INC-CL B 1.46%
Invesco Government & Agency Portfolio 0.02%CASH 0.94%
Builders FirstSource Inc 0.01%BLOOM ENERGY CORP- A 0.12%
Molson Coors Beverage Co 0.01%GLOBAL X US 500 ETF 0.11%
Trade Desk Inc/The 0.01%EVERPURE INC 0.06%
Brown-Forman Corp 0.01%ILLUMINA INC 0.06%
CASH & EQUIVALENTS 0.00%BROWN-FORMAN CORP-CLASS B 0.01%
SECURITIES LENDING - BNYM 0.00%OTHER PAYABLE & RECEIVABLES -0.67%

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

PBP and XYLD over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnCash paidAgainst the benchmark
PBPXYLDPBPXYLDPBPXYLD
3 months+5.0%+4.5%2.8%2.6%+2.7 pts+2.3 pts
6 months+13.0%+12.4%5.7%5.6%−5.0 pts−5.6 pts
1 year+18.5%+17.9%11.8%11.0%+1.9 pts+1.4 pts
3 years+46.1%+44.5%31.8%32.5%−32.3 pts−33.9 pts
Since launch+199.0%+191.5%101.2%112.9%−604.5 pts−315.3 pts
Open the live comparison on ETFIQ
PBP and XYLD on the same fields, as of Sep 18, 2026. Source: ETFIQ.
PBP
Invesco S&P 500 BuyWrite ETF
Covered call on SPY, paying monthly
XYLD
Global X S&P 500 Covered Call ETF
Covered call on SPY, paying monthly
IssuerInvescoGlobal X
Strategycovered callcovered call
BenchmarkS&P 500 (SPY)S&P 500 (SPY)
Paysmonthlymonthly
Payout rate, annualized11.3%8.9%
Expense ratio0.29%0.60%
Cash paid, 1 year11.8%11.0%
Price change, 1 year+5.5%+5.9%
Total return, 1 year+18.5%+17.9%
Benchmark return, 1 year+16.6%+16.6%
Ahead or behind+1.9 pts+1.4 pts
Return of capital, latest estimatenot published93%
Age6101 days4834 days
Net assets$386m$3.4bn

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.

XYLD in plain words

Over the year to Sep 18, 2026, XYLD paid 11.0% of its starting value in cash distributions while its price rose 5.9%. With every distribution reinvested, the fund returned +17.9%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was ahead by 1.4 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 8.9%, paid monthly. Global X estimates that 93% 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 XYLD?
Over the year to Sep 18, 2026, PBP paid 11.8% of its starting price in cash and XYLD paid 11.0%, 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 XYLD?
With every distribution reinvested, PBP returned +18.5% and XYLD returned +17.9% over the year to Sep 18, 2026, so PBP returned more.
Which is cheaper, PBP or XYLD?
PBP charges 0.29% a year and XYLD 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.

PBP against XYLD, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, PBP against XYLD, data as of Sep 18, 2026. https://etfiq.com/compare/income/pbp-vs-xyld Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources