PBPvsSPYIETF Comparison
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Invesco S&P 500 BuyWrite ETF (PBP) and NEOS S&P 500 High Income ETF (SPYI) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Information Technology, Communication Services and Consumer Discretionary. PBP is less expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.68% for SPYI. PBP is up 5.64% year-to-date (YTD) with +$13M in YTD flows. SPYI performs better with 7.41% YTD performance, and +$3.26B in YTD flows. Run a side-by-side ETF comparison of PBP and SPYI 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 SPYI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PBP SPYI | +2.07%+1.15% | +6.03%+9.32% | +5.64%+7.41% | +17.58%+21.79% | +40.20%+55.19% | +48.11%n/a |
| Flows | PBP SPYI | -+$628M | +$16M+$1.75B | +$13M+$3.26B | +$191M+$5.99B | +$238M+$9.82B | +$172M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PBP SPYI | +8.52%+13.25% | +7.06%+10.40% | +10.32%+12.58% | +11.35%n/a |
| Max drawdown | PBP SPYI | -2.59%-4.11% | -5.24%-7.69% | -15.51%-16.58% | -18.35%n/a |
| Max drawdown duration | PBP SPYI | 14d20d | 63d48d | 240d125d | 679dn/a |
Trading data
PBP | SPYI | |
Last sale 6/18/2026 at 1:30 PM | $22.96 | $53.05 |
| Previous close 06/18/2026 | $22.90 | $52.55 |
| Consolidated volume 06/18/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 2026
1-year trailing difference
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SPYI
is actively managed and doesn’t replicate an indexPBP | SPYI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 6/18/2026 at 1:30 PM
Live
Closed
PBP | SPYI | |
|---|---|---|
| Last price | $22.96 | $53.05 |
| 1D performance | +0.26% | +0.95% |
| AuM | $347.16 M | $10.27 B |
| E/R | 0.29% | 0.68% |
Characteristics
PBP | SPYI | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Invesco | NEOS Investment Management |
| Benchmark | CBOE S&P 500 BuyWrite Index | - |
| N° of holdings | 478 | 478 |
| Asset class | Alternative | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 20, 2007 | August 30, 2022 |
| ESG | No | No |
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Exposure
Countries
PBP
USA
98.9%
Other
1.1%
SPYI
USA
100.05%
Other
-0.05%
Sectors
PBP
Information Techn.
37.13%
Communication Ser.
10.85%
Consumer Discreti.
10.29%
Financials
10.11%
Health Care
8.42%
Industrials
8.16%
Other
15.02%
SPYI
Information Techn.
37.45%
Communication Ser.
10.96%
Consumer Discreti.
10.37%
Financials
10.22%
Health Care
8.56%
Industrials
8.33%
Other
14.11%
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Diversification
PBP
Total weight of top 15 holdings out of 15
45.2%
SPYI
Total weight of top 15 holdings out of 15
45.54%
Top 15 holdings
Data as of April 30, 2026
PBP
NVIDIA
8.73%
APPLE
6.51%
MICROSOFT-T
5.23%
AMAZON.COM INC
4.23%
ALPHABET INC-CL
3.38%
BROADCOM LIMITED
3.29%
ALPHABET INC-CL
2.70%
META PLATFORMS
2.46%
TESLA
1.77%
BERKSHIRE HATHWAY
1.44%
JPMORGAN CHASE
1.39%
LILLY
1.14%
EXXON
1.03%
MICRON TECHNOLOGY
0.98%
WALMART INC
0.93%
SPYI
NVIDIA
8.75%
APPLE
6.65%
MICROSOFT-T
5.26%
AMAZON.COM INC
4.24%
ALPHABET INC-CL
3.39%
BROADCOM LIMITED
3.29%
ALPHABET INC-CL
2.70%
META PLATFORMS
2.53%
TESLA
1.77%
BERKSHIRE HATHWAY
1.46%
JPMORGAN CHASE
1.39%
LILLY
1.17%
EXXON
1.02%
MICRON TECHNOLOGY
0.98%
WALMART INC
0.94%
Frequently asked questions about PBP and SPYI
How have the PBP and SPYI ETFs performed in 2026?
As of June 18, 2026, PBP is up 5.64% year-to-date (YTD), while SPYI has returned 7.41%. That puts SPYI better performer ahead so far this year.
Which ETF is attracting more investor money: PBP or SPYI?
Year-to-date, the PBP ETF saw +$13M in flows, compared to +$3.26B for SPYI.
Which ETF is more volatile: PBP or SPYI?
Over the past year, PBP had a volatility of 7.06%, while SPYI experienced 10.4%.
Which ETF is bigger: PBP or SPYI?
As of June 18, 2026, PBP holds $347.16 M in assets under management (AUM), while SPYI manages $10.27 B.
What sectors do the PBP and SPYI ETFs invest in?
PBP leans toward sectors like Information Technology, Communication Services and Consumer Discretionary. Meanwhile, SPYI focuses on Information Technology, Communication Services and Consumer Discretionary.
What are the top holdings of the PBP ETF and SPYI ETF?
PBP top holdings include NVIDIA, APPLE and MICROSOFT-T. SPYI holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: PBP or SPYI?
PBP holds 503 securities with 45.2% of its assets in the top 15. SPYI has 503 securities and a top 15 weight of 45.54%.
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