PBP vs SPY
Invesco S and P 500 BuyWrite ETF against State Street SPDR S&P 500 ETF Trust: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
95%
493 shared positions
Fee gap
19 bp
SPY is cheaper
1-year return gap
10.3 pts
SPY is ahead
Larger fund
SPY
$817.2B
Side by side
| PBP | SPY | |
|---|---|---|
| Fund | Invesco S and P 500 BuyWrite ETF | State Street SPDR S&P 500 ETF Trust |
| Issuer | Invesco | State Street SPDR |
| Category | Covered Call | Large Cap Blend |
| Expense ratio | 0.29% | 0.10% |
| Assets | $392M | $817.2B |
| Average daily dollar volume | $1.7M | $33.1B |
| Listed | Dec 20, 2007 | Jan 22, 1993 |
| FrenzyCap score | 71 | 88 |
| 1-month return | +1.4% | +2.7% |
| 3-month return | +1.9% | +3.9% |
| Year to date | +3.0% | +14.2% |
| 1-year return | +5.3% | +15.7% |
| 30-day volatility | 6.1% | 9.9% |
| Worst drawdown, 1 year | −6.6% | −9.1% |
| Trailing 12-month yield | 11.25% | 0.97% |
| Holdings | 506 | 504 |
| Top 10 weight | 38.1% | 39.1% |
| Look-through P/E | 25.3 | 26.2 |
| Holdings vs fair value | +1.8% | +0.9% |
| Holdings above 200-day average | 72% | 75% |
| Net flow, latest 3 reported months | +$13M thru Jul 2026 | — |
| 30-day implied volatility | 21.6% | 12.2% |
| Holdings as of | as of Jul 31, 2026SEC filing | as of Oct 8, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
101% of PBP · 99% of SPY| Holding | PBP | SPY |
|---|---|---|
| NVDA | 7.65% | 8.34% |
| AAPL | 7.14% | 7.42% |
| MSFT | 5.43% | 5.80% |
| AMZN | 4.18% | 3.73% |
| GOOGL | 3.28% | 3.06% |
| AVGO | 2.90% | 2.56% |
| GOOG | 2.65% | 2.45% |
| META | 1.92% | 2.38% |
| MU | 1.46% | 1.75% |
| BRK.B | 1.48% | 1.42% |
| LLY | 1.43% | 1.40% |
| TSLA | 1.38% | 1.58% |
| JPM | 1.48% | 1.32% |
| AMD | 1.22% | 1.51% |
| XOM | 1.01% | 1.04% |
| V | 0.96% | 0.96% |
| JNJ | 0.97% | 0.92% |
| WMT | 0.77% | 0.74% |
| ABBV | 0.70% | 0.72% |
| MA | 0.73% | 0.69% |
| CSCO | 0.72% | 0.68% |
| INTC | 0.67% | 0.80% |
| COST | 0.66% | 0.63% |
| AMAT | 0.63% | 0.60% |
| CVX | 0.58% | 0.63% |
Sector mix of the stock holdings
| Sector | PBP | SPY | Gap |
|---|---|---|---|
| Technology | 45.7% | 48.3% | −2.6% |
| Industrials | 11.5% | 10.7% | +0.9% |
| Consumer Discretionary | 10.9% | 10.1% | +0.8% |
| Financials | 10.3% | 9.2% | +1.1% |
| Health Care | 8.4% | 8.2% | +0.2% |
| Consumer Staples | 3.4% | 3.2% | +0.2% |
| Energy | 2.9% | 3.0% | −0.2% |
| Utilities | 2.8% | 2.5% | +0.3% |
| Materials | 2.0% | 1.8% | +0.1% |
| Real Estate | 1.9% | 1.6% | +0.2% |
| Communication Services | 1.5% | 1.3% | +0.2% |
More: full overlap table · PBP holdings · SPY holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.