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BWVTFvsPBPETF Comparison

ETF 1

BWVTF

iPath CBOE S&P 500 BuyWrite Index ETN

This fund is part of

Options Strategies

-0.17%

Full BWVTF fund page

VS

ETF 2

PBP

Invesco S&P 500 BuyWrite ETF

This fund is part of

Options Strategies

-0.17%

Full PBP fund page

The ETFs iPath CBOE S&P 500 BuyWrite Index ETN (BWVTF) and Invesco S&P 500 BuyWrite ETF (PBP) track the CBOE S&P 500 BuyWrite Total Return Index - USD and belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. BWVTF is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.29% for PBP. BWVTF is up 7.21% year-to-date (YTD) with -$126K in YTD flows. PBP performs worse with 7.01% YTD performance, and +$21M in YTD flows. Run a side-by-side ETF comparison of BWVTF and PBP below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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BWVTF vs PBP performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 07/23/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	BWVTF PBP	+2.40%+2.38%	+5.32%+4.69%	+7.21%+7.01%	+18.07%+17.08%	+41.16%+39.11%	+48.88%+46.96%
Flows	BWVTF PBP	-+$8M	-+$14M	-$126K+$21M	-$841K+$58M	-$936K+$246M	-$1M+$181M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	BWVTF PBP	+6.76%+6.36%	+7.57%+7.20%	+11.20%+10.34%	+12.30%+11.34%
Max drawdown	BWVTF PBP	-2.20%-2.03%	-5.71%-5.24%	-16.79%-15.51%	-19.88%-18.35%
Max drawdown duration	BWVTF PBP	8d8d	62d63d	240d240d	686d679d

Trading data

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	BWVTF	PBP
Last sale 7/24/2026 at 1:30 PM		$22.91
Previous close 07/23/2026		$22.83
Consolidated volume 07/23/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of June 30, 2026

1-year trailing difference

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	BWVTF	PBP
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 7/24/2026 at 1:30 PM

Live

Closed

	BWVTF	PBP
Last price	–	$22.91
1D performance	–	+0.35%
AuM	$1.52 M	$353.36 M
E/R	0.75%	0.29%

Characteristics

	BWVTF	PBP
Management strategy	Passive	Passive
Provider	Barclays	Invesco
Benchmark	CBOE S&P 500 BuyWrite Index	CBOE S&P 500 BuyWrite Index
N° of holdings	497	497
Asset class	Alternative	Alternative
Trailing 12m distribution yield	Join	Join
Inception date	May 22, 2007	December 20, 2007
ESG	No	No

More BWVTF data on Trackinsight

More PBP data on Trackinsight

Exposure

Countries

BWVTF

USA

98%

Other

2%

PBP

USA

98%

Other

2%

Sectors

BWVTF

Technology

45.06%

Finance

13.55%

Consumer Non-Cycl.

9.02%

Healthcare

9%

Industrials

7.93%

Other

15.44%

PBP

Technology

45.06%

Finance

13.55%

Consumer Non-Cycl.

9.02%

Healthcare

9%

Industrials

7.93%

Other

15.44%

Diversification

BWVTF

Total weight of top 15 holdings out of 15

42.81%

PBP

Total weight of top 15 holdings out of 15

42.81%

Top 15 holdings

Data as of June 30, 2026

BWVTF

NVIDIA Corp.

7.41%

Apple, Inc.

6.62%

Microsoft Corp.

4.40%

Amazon.com, Inc.

3.62%

Alphabet, Inc.

3.14%

Broadcom Inc.

2.75%

Alphabet, Inc.

2.51%

Micron Technology, Inc.

2.03%

Meta Platforms, Inc.

1.92%

Tesla, Inc.

1.70%

Eli Lilly & Co.

1.52%

Berkshire Hathaway, Inc.

1.45%

JPMorgan Chase & Co.

1.40%

Advanced Micro Devices, Inc.

1.35%

Johnson & Johnson

0.97%

PBP

NVIDIA Corp.

7.41%

Apple, Inc.

6.62%

Microsoft Corp.

4.40%

Amazon.com, Inc.

3.62%

Alphabet, Inc.

3.14%

Broadcom Inc.

2.75%

Alphabet, Inc.

2.51%

Micron Technology, Inc.

2.03%

Meta Platforms, Inc.

1.92%

Tesla, Inc.

1.70%

Eli Lilly & Co.

1.52%

Berkshire Hathaway, Inc.

1.45%

JPMorgan Chase & Co.

1.40%

Advanced Micro Devices, Inc.

1.35%

Johnson & Johnson

0.97%

Frequently asked questions about BWVTF and PBP

How have the BWVTF and PBP ETFs performed in 2026?

As of July 23, 2026, BWVTF is up 7.21% year-to-date (YTD), while PBP has returned 7.01%. That puts BWVTF better performer ahead so far this year.

Which ETF is attracting more investor money: BWVTF or PBP?

Year-to-date, the BWVTF ETF saw -$126K in flows, compared to +$21M for PBP.

Which ETF is more volatile: BWVTF or PBP?

Over the past year, BWVTF had a volatility of 7.57%, while PBP experienced 7.2%.

Which ETF is bigger: BWVTF or PBP?

As of July 23, 2026, BWVTF holds $1.52 M in assets under management (AUM), while PBP manages $353.36 M.

What sectors do the BWVTF and PBP ETFs invest in?

BWVTF leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, PBP focuses on Technology, Finance and Consumer Non-Cyclicals.

What are the top holdings of the BWVTF ETF and PBP ETF?

BWVTF top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. PBP holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..

Which ETF is more diversified: BWVTF or PBP?

BWVTF holds 504 securities with 42.81% of its assets in the top 15. PBP has 504 securities and a top 15 weight of 42.81%.

Options Strategies in ETFs, Part 1: A Grand Overview

November 1, 2023

PBP

BWVTFvsPBPETF Comparison

iPath CBOE S&P 500 BuyWrite Index ETN

Invesco S&P 500 BuyWrite ETF

BWVTF vs PBP performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the BWVTF and PBP ETFs performed in 2026?

As of July 23, 2026, BWVTF is up 7.21% year-to-date (YTD), while PBP has returned 7.01%. That puts BWVTF better performer ahead so far this year.

Which ETF is attracting more investor money: BWVTF or PBP?

Year-to-date, the BWVTF ETF saw -$126K in flows, compared to +$21M for PBP.

Which ETF is more volatile: BWVTF or PBP?

Over the past year, BWVTF had a volatility of 7.57%, while PBP experienced 7.2%.

Which ETF is bigger: BWVTF or PBP?

As of July 23, 2026, BWVTF holds $1.52 M in assets under management (AUM), while PBP manages $353.36 M.

What sectors do the BWVTF and PBP ETFs invest in?

BWVTF leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, PBP focuses on Technology, Finance and Consumer Non-Cyclicals.

What are the top holdings of the BWVTF ETF and PBP ETF?

BWVTF top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. PBP holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..

Which ETF is more diversified: BWVTF or PBP?

BWVTF holds 504 securities with 42.81% of its assets in the top 15. PBP has 504 securities and a top 15 weight of 42.81%.

Options Strategies in ETFs, Part 1: A Grand Overview

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