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PBP Invesco S&P 500 BuyWrite ETF

Covered call on SPY, paying monthly

Over the year to Sep 11, 2026, PBP paid 11.8% in cash and finished 0.6 points ahead of SPY.

Invesco · Income ETFs · data as of

Key facts

11.8%Cash paid, 1 year, on its starting price
+18.1%Total return, 1 year
+0.6 ptsAgainst SPY
11.4%Latest payout, annualized

Method

ETFIQ Return Stability Score

78.914th of 161

PBP paid 11.8% in cash and its price rose 5.1%, so the payout came out of returns rather than principal.

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

Against its benchmark
MLPD −38.1 ptsMDST −30.2 ptsSLTY −29.1 ptsBLOX −27.8 ptsEIPI −27.8 ptsYQQQ −27.6 ptsULTY −23.3 ptsGDXY −22.0 ptsHIGH −20.8 ptsTOPW −18.6 ptsTDVI −18.3 ptsYMAX −18.1 ptsHISF −17.3 ptsACKY −17.2 ptsWEEI −16.9 ptsNDIV −16.6 ptsLQDW −16.2 ptsOARK −15.8 ptsFDND −15.5 ptsTCAL −15.0 ptsQRMI −14.8 ptsSDVD −14.8 ptsLFGY −14.5 ptsSLJY −14.5 ptsSCLZ −14.1 ptsYFYA −13.9 ptsQUSA −13.5 ptsHYGW −13.0 ptsJULH −13.0 ptsXLRI −13.0 ptsMAGY −12.9 ptsYYY −12.7 ptsXLKI −12.6 ptsJULJ −12.4 ptsLJUL −12.4 ptsJANJ −12.3 ptsLJAN −12.3 ptsFGSI −12.2 ptsLOCT −12.1 ptsRNTY −12.1 ptsAIPI −12.0 ptsIWMY −12.0 ptsOCTJ −11.9 ptsHIPS −11.7 ptsJUCY −11.6 ptsXLEI −11.6 ptsAPRJ −11.3 ptsLAPR −11.3 ptsXISE −11.3 ptsXIJN −11.1 ptsCVRD −11.0 ptsJANH −11.0 ptsAPRH −10.9 ptsXBTY −10.7 ptsXIDE −10.7 ptsOCTH −10.6 ptsJEPI −10.3 ptsXIMR −10.1 ptsSRHR −9.7 ptsXRMI −8.7 ptsVEGA −8.3 ptsBUYW −8.2 ptsIAUI −7.9 ptsBAGY −7.7 ptsXV −7.5 ptsKHPI −7.3 ptsYBTC −7.3 ptsFTHI −7.0 ptsYLDE −6.8 ptsIGLD −6.1 ptsQQQI −6.1 ptsRDVI −6.0 ptsSPIN −5.9 ptsFEPI −5.8 ptsIWMW −5.8 ptsTYLG −5.7 ptsBITY −5.6 ptsSPUT −5.4 ptsWTPI −5.2 ptsPAPI −4.7 ptsXLVI −4.7 ptsETCO −4.3 ptsJEPQ −4.1 ptsCAIE −4.0 ptsFTKI −3.9 ptsGPTY −3.7 ptsIQQQ −3.7 ptsGIAX −3.4 ptsBIGY −3.3 ptsISPY −3.1 ptsRYLD −3.1 ptsWEEL −2.9 ptsYMAG −2.9 ptsRDTY −2.6 ptsXLBI −2.5 ptsNBOS −1.8 ptsRYLG −1.8 ptsSPYI −1.7 ptsFTQI −1.6 ptsKNG −1.6 ptsTSPY −1.6 ptsTHTA −1.5 ptsQQQY −1.3 ptsRDTE −1.3 ptsDIVO −1.2 ptsSIXH −1.2 ptsXYLD −1.2 ptsDFII −1.1 ptsGPIQ −1.1 ptsQDTY −1.1 ptsXYLG −1.1 ptsXDTE −0.9 ptsQDTE −0.7 ptsQYLD −0.7 ptsXLII −0.7 ptsXPAY −0.7 ptsEGGY −0.6 ptsJOYT −0.6 ptsSDTY −0.6 ptsWDTE −0.4 ptsBTCC −0.3 ptsQYLG −0.3 ptsGPIX 0.0 ptsDJIA +0.1 ptsDYLG +0.3 ptsIWMI +0.3 ptsKGLD +0.3 ptsXLFI +0.3 ptsIVVW +0.4 ptsLTTI +0.5 ptsLQTI +0.6 ptsHYTI +0.9 ptsTDAQ +0.9 ptsCSHI +1.3 ptsBALI +1.4 ptsYETH +1.5 ptsHYBL +1.6 ptsXLUI +1.6 ptsCHPY +1.9 ptsBTCI +2.1 ptsSOXY +2.3 ptsITWO +2.5 ptsDOGG +2.7 ptsCEPI +2.9 ptsXLYI +2.9 ptsYBIT +2.9 ptsTLTP +3.4 ptsDUBS +4.0 ptsSEPI +4.7 ptsXLCI +5.2 ptsIDVO +5.4 ptsTLTW +5.4 ptsBCCC +6.3 ptsOMAH +6.5 ptsIDUB +6.9 ptsXLSI +8.8 ptsUSOY +10.5 ptsBUCK +10.9 ptsKLIP +20.9 ptsNVYY +24.6 ptsPBP +0.6 ptsPBP +0.6 pts−38.1 pts+24.6 pts

81.1% of the 161 sit at or below PBP on this measure.

What happened to the principal
ETCO −75.0%XBTY −74.7%YETH −67.4%YBTC −61.4%BTCC −59.9%YBIT −58.9%BAGY −58.0%SLTY −54.4%ULTY −53.3%NVYY −52.4%BITY −51.9%BCCC −49.4%BTCI −46.9%DFII −44.8%LFGY −43.0%YMAX −41.0%BLOX −38.8%TOPW −36.6%OARK −33.3%KLIP −32.8%GDXY −32.5%YMAG −27.1%YQQQ −26.3%MAGY −25.8%IWMY −23.1%CEPI −21.0%RDTY −19.9%RDTE −19.4%QDTE −18.5%EGGY −15.1%TLTP −14.5%XLYI −14.1%LTTI −13.8%ACKY −13.7%WDTE −13.7%QQQY −13.0%QDTY −12.8%XDTE −12.8%AIPI −12.2%QUSA −11.8%LQTI −10.4%TLTW −10.3%SDTY −9.9%GIAX −9.8%XLUI −9.5%HIGH −9.3%LQDW −9.3%TCAL −9.0%FEPI −8.5%XV −8.4%IGLD −8.1%XLRI −8.0%XLCI −7.9%FDND −7.6%YYY −7.5%XLSI −7.3%RNTY −6.5%HYTI −6.3%GPTY −6.0%OMAH −6.0%XLBI −5.7%HYGW −5.6%IWMW −5.3%HIPS −5.2%XPAY −4.9%HISF −4.7%QRMI −4.2%USOY −4.0%XLFI −3.8%FGSI −3.2%BUCK −2.5%HYBL −2.5%JUCY −2.3%XRMI −2.3%MLPD −1.7%CAIE −1.6%IAUI −1.6%YFYA −1.6%IVVW −1.4%CVRD −1.3%JEPI −1.1%KNG −0.9%XIJN −0.7%JULJ −0.6%WTPI −0.5%CSHI −0.4%JULH −0.3%LJUL −0.2%XISE 0.0%JANH +0.1%JANJ +0.1%LAPR +0.1%LOCT +0.1%LJAN +0.2%OCTJ +0.2%XLII +0.2%APRJ +0.3%OCTH +0.3%XIDE +0.3%XIMR +0.4%APRH +0.5%TSPY +0.6%KHPI +0.7%BIGY +0.8%WEEL +0.9%SRHR +1.0%FTHI +1.1%QQQI +1.5%XLVI +2.1%SPYI +2.6%QYLG +2.8%YLDE +2.8%BUYW +2.9%SDVD +3.0%XYLG +3.4%KGLD +3.8%THTA +3.9%DJIA +4.2%FTKI +4.3%SCLZ +4.4%PAPI +4.5%RYLD +4.7%XLKI +5.0%IWMI +5.3%DYLG +5.4%TDAQ +5.9%XYLD +5.9%JEPQ +6.0%SPIN +6.1%NBOS +6.5%SPUT +6.5%RYLG +7.1%GPIX +7.9%FTQI +8.0%DOGG +8.2%ISPY +8.4%QYLD +8.4%DIVO +8.9%MDST +9.3%VEGA +9.4%BALI +9.5%GPIQ +9.8%SLJY +11.0%RDVI +11.7%TDVI +11.7%IQQQ +12.3%SEPI +13.8%XLEI +13.8%SIXH +14.1%ITWO +14.3%EIPI +14.6%JOYT +16.1%IDVO +16.4%DUBS +18.9%WEEI +18.9%IDUB +19.0%TYLG +21.2%NDIV +22.9%CHPY +24.9%SOXY +68.6%PBP +5.1%PBP +5.1%−75.0%+68.6%

76.7% of the 161 sit at or below PBP on this measure.

Weighted evenly, those two positions are what the score combines, across the 161 income ETFs writing on an index or proxy. Neither spread above is the score: a fund can sit further right on one and score lower. A position in this set, not a rating: it moves when the set moves, and it is not a figure to average against another desk's.

What the score is computed from
What it measuresThis fundIts percentileWeight
against its benchmark+0.6 pts81.150%
what happened to the principal+5.1%76.750%

All income ETFs ranked by this score · How it is computed

4th of 68 income ETFs writing on SPY, by return against it 53rd of 354 income ETFs by net assets

What a holder got

PBP against SPYPBP returned +18.1% with distributions reinvested against +17.5% for S&P 500 (SPY), a gap of +0.6 pts. Of that, 11.8% arrived as cash rather than price.+18.1%PBP total return+17.5%S&P 500 (SPY)11.8% of it arrived as cash

Over the year to Sep 11, 2026, PBP returned +18.1% with distributions reinvested and S&P 500 (SPY) returned +17.5%, so a holder came out ahead of it by 0.6 points. The lighter segment is the 11.8% that arrived as cash rather than as price.

Its ten largest equity positions

PBP top ten by weight, 38.2% of its 504 equity positions, from the holdings published by its issuer for Sep 10, 2026. The options the fund writes are not positions of this kind and are not listed. Source: the issuer’s own daily file.
HoldingTickerWeight
NVIDIA CorpNVDA8.10%
Apple IncAAPL7.34%
Microsoft CorpMSFT5.60%
Amazon.com IncAMZN3.77%
Alphabet IncGOOGL2.99%
Broadcom IncAVGO2.61%
Alphabet IncGOOG2.39%
Meta Platforms IncMETA2.17%
Micron Technology IncMU1.69%
Tesla IncTSLA1.57%

Method

Period by period

PBP over each window to Sep 11, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.
WindowCash paidPriceTotal returnSPYAhead or behind
3 months2.8%+2.5%+5.3%+3.3%+2.0 pts
6 months5.6%+4.6%+10.5%+16.0%−5.5 pts
1 year11.8%+5.1%+18.1%+17.5%+0.6 pts
3 years31.8%+6.0%+44.9%+77.9%−33.0 pts
Since launch101.2%+7.8%+197.9%+804.4%−606.5 pts

Method

When PBP pays

PBP pays monthly. The last distribution was $0.221 a share, which went ex on Aug 24, 2026, with payment about 2 days later. The next has not been declared. On its own cadence of about 28 days the ex-date falls near Sep 21, 2026; that date is an ETFIQ projection, not the issuer’s.

Expected distributions for PBP. Where the basis is a projection, ETFIQ has carried the fund’s own spacing forward from its last ex-date and held the amount at the last one paid; neither is an issuer statement. Source: ETFIQ.
Ex-datePay dateAmountBasis
Sep 21, 2026Sep 23, 2026$0.221ETFIQ projection from the fund’s own cadence
Oct 19, 2026Oct 21, 2026$0.221ETFIQ projection from the fund’s own cadence
Every distribution ETFIQ holds for PBP (13, most recent first)
Cash distributions per share for PBP. Source: ETFIQ from Tiingo end-of-day distributions.
Ex-dateAmount
Aug 24, 2026$0.221
Jul 20, 2026$0.1873
Jun 22, 2026$0.2283
May 18, 2026$0.2053
Apr 20, 2026$0.2144
Mar 23, 2026$0.193
Feb 23, 2026$0.2036
Jan 20, 2026$0.2127
Dec 22, 2025$0.3941
Nov 24, 2025$0.2222
Oct 20, 2025$0.1746
Sep 22, 2025$0.175
Aug 18, 2025$0.2196

Every income ETF going ex-dividend in the next fortnight

Method

In plain words

Since it launched on Jan 4, 2010, PBP has returned +197.9% with distributions reinvested, against +804.4% for S&P 500 (SPY), and has paid out 101.2% of its starting value in cash along the way. It pays monthly, and at its current price the latest distribution annualizes to 11.4%. No Rule 19a-1 notice has been published for this fund, so there is no issuer estimate of how much of its distributions was a return of capital.

PBP (Invesco S&P 500 BuyWrite ETF), income ETFs fields as of Sep 11, 2026. Source: ETFIQ.
Strategycovered call
BenchmarkS&P 500 (SPY)
Paysmonthly
Net assets (the issuer daily holdings, added up, as of Sep 10, 2026)$380m
Latest payout, annualized (ETFIQ)11.4%
Expense ratio (485BPOS XBRL, Aug 27, 2026)0.29%
Cash paid, last 12 months, over today’s price (ETFIQ)11.3%
LaunchedJan 4, 2010
Paysmonthly
Typical gap between ex-dates28 days
Typical wait from ex-date to payment2 days
Last paid, per share$0.221 ex Aug 24, 2026
Sum of the last 12 distributions$2.6315

Every figure is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate. How these figures are computed

Questions people ask

How much has PBP paid over the last year?
Over the year to Sep 11, 2026, PBP paid 11.8% of its starting price in cash distributions, while the price rose 5.1%.
Is PBP ahead of SPY?
Over the year to Sep 11, 2026, with every distribution reinvested, PBP returned +18.1% against +17.5% for S&P 500 (SPY), so a holder was ahead of it by 0.6 points.
How often does PBP pay, and how much?
PBP pays monthly. The latest distribution annualizes to 11.4% at its price on Sep 11, 2026, which is not a promise; the next one can differ.
When does PBP next pay a distribution?
PBP pays monthly. The last distribution went ex on Aug 24, 2026 at $0.221 a share. The next is not declared; on a cadence of about 28 days the ex-date falls near Sep 21, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 2 days.
What does PBP cost?
The prospectus expense ratio is 0.29% a year.

The words on this page

Total return
What a holder actually ended up with: price change plus every distribution, reinvested. The only figure that answers whether you came out ahead.
Cash paid
Distributions over the window as a share of what the fund cost at the start. A measure of cash delivered, not of return: a fund can pay a great deal and still lose money.
Ahead or behind
The fund’s total return minus the benchmark’s over exactly the same days, in percentage points. Both sides reinvest.
Return of capital
The issuer’s own estimate, in a Rule 19a-1 notice, of how much of a distribution was your own money returned. An estimate and a tax characterization, not a measure of erosion.
Covered call
Selling call options on shares the fund holds. It collects a premium and gives up the gains above the strike, which is why these funds pay well and lag a rising market.

Every term used here, defined in full on the income ETFs vocabulary page.

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.

Funds near this one

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PBP payout bar, ETFIQ

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Where PBP is written about

PBP, Income ETFs, ETFIQ, data as of Sep 11, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. ETFIQ is an independent publisher, is not a fund issuer, broker-dealer or investment adviser, and makes no recommendations.
Use this data, or open the live card

Open PBP live on ETFIQ, where the figures refresh with the data.

Cite this page. ETFIQ, PBP, income ETFs, data as of Sep 11, 2026. https://etfiq.com/funds/pbp Free to use with attribution; the underlying files are at Open data.

How these figures are computed · Standards and sources