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
$ 301.2 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 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -0.2% | -3.1% | 1.5% | 2.8% | 1.9% | 1.4% | -- | -0.5% |
| Dividend Yield | 1.8% | 11.7% | 11.5% | 9.5% | 7.1% | 5.9% | -- | 5.6% |
| Total Returns | 1.6% | 8.6% | 13.1% | 12.3% | 9.0% | 7.3% | -- | 5.1% | Ann. Volatility | 7.9% | 14.7% | 11.9% | 14.9% | 14.3% | 15.7% | -- | 16.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.69 | 83% |
| MSCI EAFE | 0.69 | 60% |
| MSCI Emg Mkts | 0.56 | 47% |
Liquidity Measures
| Avg. volume (000) | 59 |
| ADV traded (mns) | $1 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.21% |
Technical Indicators
| 30d moving avg. (EMA) | $22.66 |
| Relative strength (RSI) | 57 |
| MACD/Signal | 0.08/0.07 |
| Bollinger Bands (Upper/Lower) | $22.94/$22.48 |
| Short interest (% of AUM) | 0.6% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. PBP |
Expenses vs. PBP |
ALTAR Score™ vs. PBP |
|---|---|---|---|---|
| XRMI | Global X S&P 500 Risk Managed Income ETF | 93.1% | +11 bp | -0.2% |
| XYLD | Global X S&P 500 Covered Call ETF | 93.1% | +11 bp | -0.2% |
| XYLG | Global X S&P 500 Covered Call & Growth ETF | 92.8% | +11 bp | -0.2% |
| XTR | Global X S&P 500 Tail Risk ETF | 92.3% | -23 bp | +0.2% |
| XCLR | Global X S&P 500 Collar 95-110 ETF | 92.3% | -24 bp | +0.2% |
| EFIV | State Street SPDR S&P 500 ESG ETF | 68.3% | -39 bp | +0.7% |
| ACIO | Aptus Collared Investment Opportunity ETF | 67.7% | +30 bp | -0.5% |
| SFLR | Innovator Equity Managed Floor ETF | 63.9% | +40 bp | -0.7% |
| FTHI | First Trust BuyWrite Income ETF | 54.0% | +26 bp | +0.8% |
| NUSI | Nationwide Nasdaq-100 Risk-Managed Income ETF | 52.3% | +19 bp | -0.8% |
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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 3/9/2026
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.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
4.7%
ALTAR SCORE™
33rd
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 1,191 funds in the US Equity category with an average
ALTAR Score™ of 5.6% and a standard deviation
of 2.0%. PBP's ALTAR Score™ is approximately -0.4 standard
deviations above the category average. This places PBP in the 33rd percentile
among funds in the category.
Sell-Side Consensus
$28.01
PRICE TARGET
+24.1%
UPSIDE