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PBPvsBWVTFETF Comparison

ETF 1

PBP

Invesco S&P 500 BuyWrite ETF

This fund is part of

Options Strategies

-0.04%

Full PBP fund page

VS

ETF 2

BWVTF

iPath CBOE S&P 500 BuyWrite Index ETN

This fund is part of

Options Strategies

-0.04%

Full BWVTF fund page

The ETFs Invesco S&P 500 BuyWrite ETF (PBP) and iPath CBOE S&P 500 BuyWrite Index ETN (BWVTF) 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: Information Technology, Financials and Communication Services. PBP is less expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.75% for BWVTF. PBP is up 2.36% year-to-date (YTD) with +$8M in YTD flows. BWVTF performs better with 2.37% YTD performance, and -$126K in YTD flows. Run a side-by-side ETF comparison of PBP and BWVTF 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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PBP vs BWVTF 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 04/27/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PBP BWVTF	+5.38%+5.79%	+1.04%+0.99%	+2.36%+2.37%	+16.97%+18.05%	+38.84%+41.04%	+47.13%+49.10%
Flows	PBP BWVTF	+$9M-	+$16M-$126K	+$8M-$126K	+$189M-$841K	+$232M-$936K	+$163M-$1M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PBP BWVTF	+10.41%+10.84%	+6.90%+7.26%	+10.31%+11.19%	+11.37%+12.33%
Max drawdown	PBP BWVTF	-5.24%-5.71%	-5.24%-5.71%	-15.51%-16.79%	-18.35%-19.88%
Max drawdown duration	PBP BWVTF	61d60d	61d60d	240d240d	679d686d

Trading data

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	PBP	BWVTF
Last sale 4/27/2026 at 1:30 PM	$22.52
Previous close 04/27/2026	$22.48
Consolidated volume 04/27/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 2026

1-year trailing difference

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

Main metrics

Last update 4/27/2026 at 1:30 PM

Live

Closed

	PBP	BWVTF
Last price	$22.52	–
1D performance	+0.18%	–
AuM	$333.82 M	$1.45 M
E/R	0.29%	0.75%

Characteristics

	PBP	BWVTF
Management strategy	Passive	Passive
Provider	Invesco	Barclays
Benchmark	CBOE S&P 500 BuyWrite Index	CBOE S&P 500 BuyWrite Index
N° of holdings	478	478
Asset class	Alternative	Alternative
Trailing 12m distribution yield	Join	Join
Inception date	December 20, 2007	May 22, 2007
ESG	No	No

More PBP data on Trackinsight

More BWVTF data on Trackinsight

Exposure

Countries

PBP

USA

98.16%

Other

1.84%

BWVTF

USA

98.16%

Other

1.84%

Sectors

PBP

Information Techn.

34.3%

Financials

10.44%

Communication Ser.

10.14%

Consumer Discreti.

10.07%

Health Care

9.46%

Industrials

8.51%

Other

17.08%

BWVTF

Information Techn.

34.3%

Financials

10.44%

Communication Ser.

10.14%

Consumer Discreti.

10.07%

Health Care

9.46%

Industrials

8.51%

Other

17.08%

Diversification

PBP

Total weight of top 15 holdings out of 15

42.59%

BWVTF

Total weight of top 15 holdings out of 15

42.59%

Top 15 holdings

Data as of March 31, 2026

PBP

NVIDIA

7.56%

APPLE

6.78%

MICROSOFT-T

4.92%

AMAZON.COM INC

3.62%

ALPHABET INC-CL

2.97%

BROADCOM LIMITED

2.65%

ALPHABET INC-CL

2.38%

META PLATFORMS

2.13%

TESLA

1.89%

BERKSHIRE HATHWAY

1.59%

JPMORGAN CHASE

1.42%

EXXON

1.33%

LILLY

1.29%

JOHNSON&JOHNSON

1.08%

WALMART INC

1.00%

BWVTF

NVIDIA

7.56%

APPLE

6.78%

MICROSOFT-T

4.92%

AMAZON.COM INC

3.62%

ALPHABET INC-CL

2.97%

BROADCOM LIMITED

2.65%

ALPHABET INC-CL

2.38%

META PLATFORMS

2.13%

TESLA

1.89%

BERKSHIRE HATHWAY

1.59%

JPMORGAN CHASE

1.42%

EXXON

1.33%

LILLY

1.29%

JOHNSON&JOHNSON

1.08%

WALMART INC

1.00%

Frequently asked questions about PBP and BWVTF

How have the PBP and BWVTF ETFs performed in 2026?

As of April 27, 2026, PBP is up 2.36% year-to-date (YTD), while BWVTF has returned 2.37%. That puts BWVTF better performer ahead so far this year.

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

Year-to-date, the PBP ETF saw +$8M in flows, compared to -$126K for BWVTF.

Which ETF is more volatile: PBP or BWVTF?

Over the past year, PBP had a volatility of 6.9%, while BWVTF experienced 7.26%.

Which ETF is bigger: PBP or BWVTF?

As of April 27, 2026, PBP holds $333.82 M in assets under management (AUM), while BWVTF manages $1.45 M.

What sectors do the PBP and BWVTF ETFs invest in?

PBP leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, BWVTF focuses on Information Technology, Financials and Communication Services.

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

PBP top holdings include NVIDIA, APPLE and MICROSOFT-T. BWVTF holds in its top three: NVIDIA, APPLE and MICROSOFT-T.

Which ETF is more diversified: PBP or BWVTF?

PBP holds 503 securities with 42.59% of its assets in the top 15. BWVTF has 503 securities and a top 15 weight of 42.59%.

Options Strategies in ETFs, Part 1: A Grand Overview

November 1, 2023

PBP

PBPvsBWVTFETF Comparison

Invesco S&P 500 BuyWrite ETF

iPath CBOE S&P 500 BuyWrite Index ETN

PBP vs BWVTF 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 PBP and BWVTF ETFs performed in 2026?

As of April 27, 2026, PBP is up 2.36% year-to-date (YTD), while BWVTF has returned 2.37%. That puts BWVTF better performer ahead so far this year.

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

Year-to-date, the PBP ETF saw +$8M in flows, compared to -$126K for BWVTF.

Which ETF is more volatile: PBP or BWVTF?

Over the past year, PBP had a volatility of 6.9%, while BWVTF experienced 7.26%.

Which ETF is bigger: PBP or BWVTF?

As of April 27, 2026, PBP holds $333.82 M in assets under management (AUM), while BWVTF manages $1.45 M.

What sectors do the PBP and BWVTF ETFs invest in?

PBP leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, BWVTF focuses on Information Technology, Financials and Communication Services.

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

PBP top holdings include NVIDIA, APPLE and MICROSOFT-T. BWVTF holds in its top three: NVIDIA, APPLE and MICROSOFT-T.

Which ETF is more diversified: PBP or BWVTF?

PBP holds 503 securities with 42.59% of its assets in the top 15. BWVTF has 503 securities and a top 15 weight of 42.59%.

Options Strategies in ETFs, Part 1: A Grand Overview

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