NOEQvsPBPETF Comparison
VS
Northern Trust US Equity ETF (NOEQ) belongs to the US Multi-Factor segment. Invesco S&P 500 BuyWrite ETF (PBP) is part of the Options Strategies segment. NOEQ's top 3 sector exposures are Technology, Healthcare and Industrials. In contrast, PBP's top sector exposures are Technology, Finance and Healthcare. NOEQ is less expensive with a Total Expense Ratio (TER) of 0.12%, versus 0.29% for PBP. Run a side-by-side ETF comparison of NOEQ 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.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
NOEQ vs PBP performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/04/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NOEQ PBP | +0.19%+1.25% | +2.85%+4.85% | n/a+10.25% | n/a+18.83% | n/a+44.83% | n/a+47.52% |
| Flows | NOEQ PBP | +$361K+$21M | +$160K+$30M | -+$43M | -+$71M | -+$272M | -+$203M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NOEQ PBP | +11.91%+6.82% | n/a+7.15% | n/a+10.30% | n/a+11.36% |
| Max drawdown | NOEQ PBP | -3.46%-2.03% | n/a-5.24% | n/a-15.51% | n/a-18.35% |
| Max drawdown duration | NOEQ PBP | 25d8d | n/a63d | n/a240d | n/a679d |
Trading data
NOEQ | PBP | |
Last sale 9/4/2026 at 1:30 PM | $29.72 | $23.37 |
| Previous close 09/04/2026 | $29.84 | $23.39 |
| Consolidated volume 09/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
NOEQ
is actively managed and doesn’t replicate an indexNOEQ | PBP | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 9/4/2026 at 1:30 PM
Live
Closed
NOEQ | PBP | |
|---|---|---|
| Last price | $29.72 | $23.37 |
| 1D performance | -0.40% | -0.09% |
| AuM | $900.40 M | $382.79 M |
| E/R | 0.12% | 0.29% |
Characteristics
NOEQ | PBP | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Northern Trust | Invesco |
| Benchmark | - | CBOE S&P 500 BuyWrite Index |
| N° of holdings | 3005 | 500 |
| Asset class | - | Alternative |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 20, 2026 | December 20, 2007 |
| ESG | No | No |
Advertisement
Exposure
Countries
NOEQ
USA
98.63%
Other
1.37%
PBP
USA
98.14%
Other
1.86%
Sectors
NOEQ
Technology
37.88%
Healthcare
17.77%
Industrials
10.89%
Energy
9.42%
Consumer Non-Cycl.
7.76%
Other
16.28%
PBP
Technology
44.19%
Finance
14.31%
Healthcare
9.37%
Consumer Non-Cycl.
9.14%
Industrials
7.9%
Other
15.1%
Advertisement
Diversification
NOEQ
Total weight of top 15 holdings out of 15
62%
PBP
Total weight of top 15 holdings out of 15
43.4%
Top 15 holdings
Data as of July 31, 2026
NOEQ
Alphabet, Inc.
7.93%
NVIDIA Corp.
5.80%
Amazon.com, Inc.
5.57%
Merck & Co., Inc.
5.24%
Johnson & Johnson
4.89%
Apple, Inc.
4.59%
ExxonMobil Holdings Corp.
4.53%
Eli Lilly & Co.
4.39%
Chevron Corp.
4.04%
The Boeing Co.
3.61%
Microsoft Corp.
3.09%
GE Aerospace
2.68%
Moody's Corp.
2.06%
GE Vernova, Inc.
1.84%
Broadcom Inc.
1.73%
PBP
Apple, Inc.
7.95%
NVIDIA Corp.
7.36%
Microsoft Corp.
4.64%
Amazon.com, Inc.
3.55%
Alphabet, Inc.
3.16%
Broadcom Inc.
2.80%
Alphabet, Inc.
2.54%
Meta Platforms, Inc.
2.06%
Eli Lilly & Co.
1.53%
Berkshire Hathaway, Inc.
1.49%
JPMorgan Chase & Co.
1.48%
Tesla, Inc.
1.34%
Micron Technology, Inc.
1.33%
Advanced Micro Devices, Inc.
1.12%
ExxonMobil Holdings Corp.
1.04%
Frequently asked questions about NOEQ and PBP
Which ETF is bigger: NOEQ or PBP?
As of September 4, 2026, NOEQ holds $900.40 M in assets under management (AUM), while PBP manages $382.79 M.
What sectors do the NOEQ and PBP ETFs invest in?
NOEQ leans toward sectors like Technology, Healthcare and Industrials. Meanwhile, PBP focuses on Technology, Finance and Healthcare.
What are the top holdings of the NOEQ ETF and PBP ETF?
NOEQ top holdings include Alphabet, Inc., NVIDIA Corp. and Amazon.com, Inc.. PBP holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..
Which ETF is more diversified: NOEQ or PBP?
NOEQ holds 3032 securities with 62% of its assets in the top 15. PBP has 503 securities and a top 15 weight of 43.4%.
Advertisement
Latest news about NOEQ & PBP
How Covered Call ETFs Evolved Through the Years
August 12, 2026
PBP
Options Strategies in ETFs, Part 1: A Grand Overview
November 1, 2023
PBP
Advertisement
Advertisement
