SPYIvsPBPETF Comparison
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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 5.87% year-to-date (YTD) with +$3.05B in YTD flows. PBP performs worse with 4.41% YTD performance, and +$13M 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.
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SPYI vs PBP performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPYI PBP | -0.18%+0.83% | +5.76%+2.85% | +5.87%+4.41% | +19.60%+16.57% | +53.87%+37.64% | n/a+46.06% |
| Flows | SPYI PBP | +$605M+$2M | +$1.70B+$16M | +$3.05B+$13M | +$5.86B+$191M | +$9.64B+$238M | -+$172M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPYI PBP | +13.37%+9.56% | +10.26%+7.04% | +12.52%+10.32% | n/a+11.34% |
| Max drawdown | SPYI PBP | -5.89%-4.39% | -7.69%-5.24% | -16.58%-15.51% | n/a-18.35% |
| Max drawdown duration | SPYI PBP | 28d36d | 48d63d | 125d240d | n/a679d |
Trading data
SPYI | PBP | |
Last sale 6/12/2026 at 5:39 PM | $53.08 | $22.77 |
| Previous close 06/11/2026 | $52.82 | $22.68 |
| Consolidated volume 06/11/2026 | ||
| 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 indexSPYI | PBP | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 6/12/2026 at 5:39 PM
Live
Closed
SPYI | PBP | |
|---|---|---|
| Last price | $53.08 | $22.77 |
| 1D performance | +0.49% | +0.40% |
| AuM | $10.02 B | $343.12 M |
| E/R | 0.68% | 0.29% |
Characteristics
SPYI | PBP | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | NEOS Investment Management | Invesco |
| Benchmark | - | CBOE S&P 500 BuyWrite Index |
| N° of holdings | 478 | 478 |
| Asset class | - | Alternative |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 30, 2022 | December 20, 2007 |
| ESG | No | No |
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Exposure
Countries
SPYI
USA
100.05%
Other
-0.05%
PBP
USA
98.9%
Other
1.1%
Sectors
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%
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%
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Diversification
SPYI
Total weight of top 15 holdings out of 15
45.54%
PBP
Total weight of top 15 holdings out of 15
45.2%
Top 15 holdings
Data as of April 30, 2026
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%
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%
Frequently asked questions about SPYI and PBP
How have the SPYI and PBP ETFs performed in 2026?
As of June 11, 2026, SPYI is up 5.87% year-to-date (YTD), while PBP has returned 4.41%. That puts SPYI better performer ahead so far this year.
Which ETF is attracting more investor money: SPYI or PBP?
Year-to-date, the SPYI ETF saw +$3.05B in flows, compared to +$13M for PBP.
Which ETF is more volatile: SPYI or PBP?
Over the past year, SPYI had a volatility of 10.26%, while PBP experienced 7.04%.
Which ETF is bigger: SPYI or PBP?
As of June 11, 2026, SPYI holds $10.02 B in assets under management (AUM), while PBP manages $343.12 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 503 securities with 45.54% of its assets in the top 15. PBP has 503 securities and a top 15 weight of 45.2%.
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