PBP
Invesco S&P 500 BuyWrite ETF
PBP is based on the CBOE S&P 500 BuyWrite Index. The fund generally invests at least 90% of its total assets in securities that comprise the Index and will write (sell) call options thereon.
US
EQUITY
Passive
MANAGEMENT STYLE
$ 298.9 M
ASSETS UNDER MGMT
49 bp
EXPENSES
Fund Basics
| Inception date | Dec 20, 2007 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | Yes |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NVIDIA CORP | 8.1 % |
| MICROSOFT CORP | 6.8 % |
| APPLE INC | 6.8 % |
| AMAZON.COM INC | 3.8 % |
| BROADCOM INC. | 2.8 % |
| META PLATFORMS INC | 2.7 % |
| ALPHABET INC. CLASS A | 2.5 % |
| TESLA MOTORS INC | 2.1 % |
| ALPHABET INC. CLASS C | 2.0 % |
| BERKSHIRE HATHAWAY INC-CL B | 1.6 % |
Constituent Breakdown
| Number of holdings | 496 |
| Herfindahl-Hirschman Index | 232 |
| Wgt avg mkt cap (mns) | $1,432,167 |
| Large cap (>$10bn) | 100.5% |
| Mid cap ($2-10bn) | 0.5% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 101.2% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 98.9 % |
 |
IRELAND | 1.5 % |
Historical Performance
Standardized Performance (as of 03/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -3.7% | -0.8% | -1.1% | 1.2% | 0.3% | 0.8% | -- | -0.7% |
| Dividend Yield | 2.6% | 12.1% | 11.3% | 9.5% | 7.2% | 5.9% | -- | 5.6% |
| Total Returns | -1.0% | 11.3% | 10.2% | 10.7% | 7.5% | 6.8% | -- | 4.9% | Ann. Volatility | 10.5% | 14.3% | 12.2% | 15.4% | 14.7% | 16.1% | -- | 16.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.68 | 83% |
| MSCI EAFE | 0.63 | 60% |
| MSCI Emg Mkts | 0.49 | 48% |
Liquidity Measures
| Avg. volume (000) | 45 |
| ADV traded (mns) | $1 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.22% |
Technical Indicators
| 30d moving avg. (EMA) | $22.28 |
| Relative strength (RSI) | 57 |
| MACD/Signal | 0.08/0.01 |
| Bollinger Bands (Upper/Lower) | $22.75/$21.51 |
| Short interest (% of AUM) | 0.6% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. PBP |
Expenses vs. PBP |
ALTAR Score™ vs. PBP |
|---|---|---|---|---|
| XYLD | Global X S&P 500 Covered Call ETF | 92.9% | +11 bp | -0.1% |
| XRMI | Global X S&P 500 Risk Managed Income ETF | 92.8% | +11 bp | 0.0% |
| XYLG | Global X S&P 500 Covered Call & Growth ETF | 91.8% | +11 bp | -0.3% |
| XCLR | Global X S&P 500 Collar 95-110 ETF | 90.6% | -24 bp | +0.1% |
| XTR | Global X S&P 500 Tail Risk ETF | 90.4% | -23 bp | -0.1% |
| ACIO | Aptus Collared Investment Opportunity ETF | 69.4% | +30 bp | -0.8% |
| EFIV | State Street SPDR S&P 500 ESG ETF | 68.3% | -39 bp | +0.4% |
| SFLR | Innovator Equity Managed Floor ETF | 63.5% | +40 bp | -0.7% |
| NUSI | Nationwide Nasdaq-100 Risk-Managed Income ETF | 52.3% | +19 bp | -0.9% |
| QRMI | Global X NASDAQ 100 Risk Managed Income ETF | 51.9% | +11 bp | -0.7% |
Risk and Returns: PBP vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/24/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
4.8%
ALTAR SCORE™
38th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 1,196 funds in the US Equity category with an average
ALTAR Score™ of 5.5% and a standard deviation
of 2.1%. PBP's ALTAR Score™ is approximately -0.3 standard
deviations above the category average. This places PBP in the 38th percentile
among funds in the category.
Sell-Side Consensus
$27.8
PRICE TARGET
+24.1%
UPSIDE