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SPYIvsPBPETF Comparison
NEOS S&P 500 High Income ETF (SPYI) and Invesco S&P 500 BuyWrite ETF (PBP) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Information Technology, Communication Services and Consumer Discretionary. SPYI is more expensive with a Total Expense Ratio (TER) of 0.68%, versus 0.29% for PBP. SPYI is up 0.11% year-to-date (YTD) with +$1.35B in YTD flows. PBP performs better with 1.51% YTD performance, and -$2M in YTD flows. Run a side-by-side ETF comparison of SPYI 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.
SPYI vs PBP performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPYI PBP | -1.58%-0.21% | -0.14%+2.74% | +0.11%+1.51% | +21.16%+15.20% | +62.72%+44.47% | n/a+49.19% |
| Flows | SPYI PBP | +$527M+$1M | +$1.84B+$13M | +$1.35B-$2M | +$4.87B+$191M | +$7.99B+$220M | -+$153M |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPYI PBP | +9.75%+7.34% | +16.10%+13.89% | +12.35%+10.22% | n/a+11.25% |
| Max drawdown | SPYI PBP | -2.53%-1.67% | -12.92%-10.83% | -16.58%-15.51% | n/a-18.35% |
| Max drawdown duration | SPYI PBP | 14d14d | 45d90d | 125d240d | n/a679d |
SPYI | PBP | |
Last sale 3/12/2026 at 1:30 PM | $50.79 | $22.45 |
| Previous close 03/11/2026 | $51.48 | $22.68 |
| Consolidated volume 03/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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SPYI | PBP | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
SPYI | PBP | |
|---|---|---|
| Last price | $50.79 | $22.45 |
| 1D performance | -1.34% | -1.01% |
| AuM | $8.08 B | $326.98 M |
| E/R | 0.68% | 0.29% |
SPYI | PBP | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | NEOS Investment Management | Invesco |
| Benchmark | - | CBOE S&P 500 BuyWrite Index |
| N° of holdings | 431 | 479 |
| Asset class | - | Alternative |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 30, 2022 | December 20, 2007 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the SPYI and PBP ETFs performed in 2026?
As of March 11, 2026, SPYI is up 0.11% year-to-date (YTD), while PBP has returned 1.51%. That puts PBP better performer ahead so far this year.
Which ETF is attracting more investor money: SPYI or PBP?
Year-to-date, the SPYI ETF saw +$1.35B in flows, compared to -$2M for PBP.
Which ETF is more volatile: SPYI or PBP?
Over the past year, SPYI had a volatility of 16.1%, while PBP experienced 13.89%.
Which ETF is bigger: SPYI or PBP?
As of March 11, 2026, SPYI holds $8.08 B in assets under management (AUM), while PBP manages $326.98 M.
What sectors do the SPYI and PBP ETFs invest in?
SPYI leans toward sectors like Information Technology, Communication Services and Consumer Discretionary. Meanwhile, PBP focuses on Information Technology, Communication Services and Consumer Discretionary.
What are the top holdings of the SPYI ETF and PBP ETF?
SPYI top holdings include NVIDIA, APPLE and MICROSOFT-T. PBP holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: SPYI or PBP?
SPYI holds 452 securities with 44.79% of its assets in the top 15. PBP has 503 securities and a top 15 weight of 44.54%.
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