XCHGvsPBPETF Comparison
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AB US Equity ETF (XCHG) belongs to the US Large Cap segment. Invesco S&P 500 BuyWrite ETF (PBP) is part of the Options Strategies segment. XCHG's top 3 sector exposures are Technology, Finance and Industrials. In contrast, PBP's top sector exposures are Technology, Finance and Healthcare. XCHG is more expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.29% for PBP. XCHG is up 10.1% year-to-date (YTD) with -$6M in YTD flows. PBP performs worse with 9.37% YTD performance, and +$43M in YTD flows. Run a side-by-side ETF comparison of XCHG 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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XCHG vs PBP performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | XCHG PBP | +1.54%+0.67% | +2.06%+4.12% | +10.10%+9.37% | n/a+18.78% | n/a+43.66% | n/a+46.46% |
| Flows | XCHG PBP | -$1M+$21M | -$3M+$30M | -$6M+$43M | -+$73M | -+$272M | -+$203M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | XCHG PBP | +12.04%+6.76% | n/a+7.16% | n/a+10.31% | n/a+11.35% |
| Max drawdown | XCHG PBP | -3.80%-2.03% | n/a-5.24% | n/a-15.51% | n/a-18.35% |
| Max drawdown duration | XCHG PBP | 38d8d | n/a63d | n/a240d | n/a679d |
Trading data
XCHG | PBP | |
Last sale 9/2/2026 at 1:30 PM | $27.27 | $23.26 |
| Previous close 09/01/2026 | $27.27 | $23.20 |
| Consolidated volume 09/01/2026 | ||
| 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
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XCHG
is actively managed and doesn’t replicate an indexXCHG | 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 9/2/2026 at 1:30 PM
Live
Closed
XCHG | PBP | |
|---|---|---|
| Last price | $27.27 | $23.26 |
| 1D performance | +0.00% | +0.26% |
| AuM | $714.71 M | $379.72 M |
| E/R | 0.5% | 0.29% |
Characteristics
XCHG | PBP | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | AllianceBernstein | Invesco |
| Benchmark | - | CBOE S&P 500 BuyWrite Index |
| N° of holdings | 3387 | 495 |
| Asset class | - | Alternative |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 15, 2025 | December 20, 2007 |
| ESG | No | No |
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Exposure
Countries
XCHG
USA
90.98%
Other
9.02%
PBP
USA
97.04%
Other
2.96%
Sectors
XCHG
Technology
42.46%
Finance
15.03%
Industrials
10.52%
Healthcare
9.79%
Consumer Non-Cycl.
8.89%
Other
13.3%
PBP
Technology
44.19%
Finance
14.31%
Healthcare
9.37%
Consumer Non-Cycl.
9.14%
Industrials
7.65%
Other
15.35%
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Diversification
XCHG
Total weight of top 15 holdings out of 15
48.58%
PBP
Total weight of top 15 holdings out of 15
43.4%
Top 15 holdings
Data as of July 31, 2026
XCHG
NVIDIA Corp.
7.83%
Apple, Inc.
6.05%
Microsoft Corp.
5.38%
Amazon.com, Inc.
4.55%
Alphabet, Inc.
3.81%
Broadcom Inc.
3.46%
Meta Platforms, Inc.
3.08%
Visa, Inc.
2.91%
Alphabet, Inc.
2.28%
UnitedHealth Group, Inc.
1.68%
GE Vernova, Inc.
1.60%
Taiwan Semiconductor Manufacturing Co., Ltd.
1.60%
The Charles Schwab Corp.
1.59%
Wells Fargo & Co.
1.38%
Thermo Fisher Scientific, Inc.
1.38%
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%
US30233Q1085
1.04%
Frequently asked questions about XCHG and PBP
How have the XCHG and PBP ETFs performed in 2026?
As of August 31, 2026, XCHG is up 10.1% year-to-date (YTD), while PBP has returned 9.37%. That puts XCHG better performer ahead so far this year.
Which ETF is attracting more investor money: XCHG or PBP?
Year-to-date, the XCHG ETF saw -$6M in flows, compared to +$43M for PBP.
Which ETF is bigger: XCHG or PBP?
As of August 31, 2026, XCHG holds $714.71 M in assets under management (AUM), while PBP manages $379.72 M.
What sectors do the XCHG and PBP ETFs invest in?
XCHG leans toward sectors like Technology, Finance and Industrials. Meanwhile, PBP focuses on Technology, Finance and Healthcare.
What are the top holdings of the XCHG ETF and PBP ETF?
XCHG top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. PBP holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..
Which ETF is more diversified: XCHG or PBP?
XCHG holds 3607 securities with 48.58% of its assets in the top 15. PBP has 503 securities and a top 15 weight of 43.4%.
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Latest news about XCHG & 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
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