Invesco S&P 500 BuyWrite ETF (PBP) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with PBP. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PBP
PBP charges 0.29% annually. There are 4 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 29.05M | Nov 2024 | PBP vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 329.53M | Mar 2024 | PBP vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 46.39M | Sep 2024 | PBP vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | PBP vs FYEE | |
| Goldman Sachs S&P 500 Premium Income ETF | 0.29% | 5.01B | Oct 2023 | PBP vs GPIX |
Best Risk-Adjusted Alternatives to PBP
PBP has a PortfoliosLab risk / return rank of 92. There are 2 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SoFi Enhanced Yield ETF | 95 | 34.73M | Nov 2023 | PBP vs THTA | |
| Global X S&P 500 Covered Call ETF | 92 | 3.24B | Jun 2013 | PBP vs XYLD | |
| Global X Russell 2000 Covered Call ETF | 89 | 1.37B | Apr 2019 | PBP vs RYLD | |
| Blackrock Advantage Large Cap Income ETF | 89 | 1.30B | Sep 2023 | PBP vs BALI | |
| iShares S&P 500 BuyWrite ETF | 89 | 329.53M | Mar 2024 | PBP vs IVVW |
Top Performing PBP Alternatives (YTD)
PBP is at 8.78% YTD. There are 120 ETFs in the Derivative Income category with higher YTD returns, going as high as 176.66%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 176.66% | 22.04M | Oct 2025 | PBP vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 150.15% | 114.09M | Jul 2025 | PBP vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 89.19% | 382.78M | Sep 2023 | PBP vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 66.15% | 106.87M | Oct 2023 | PBP vs MRNY | |
| YieldMax Target 12™ Semiconductor Option Income ET... | 64.23% | 64.01M | Dec 2024 | PBP vs SOXY |
Lowest Volatility Alternatives to PBP
PBP has 7.27% 1-year volatility. There are 17 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.47%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.47% | 489.70M | Oct 2022 | PBP vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | 2.94% | 112.06M | Aug 2022 | PBP vs HYGW | |
| Janus Henderson Equity Linked Moderate Income ETF | 3.67% | — | Apr 2026 | PBP vs JELM | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.82% | 289.20M | Apr 2026 | PBP vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.83% | 90.28M | Feb 2025 | PBP vs HYTI |
Lowest Drawdown Alternatives to PBP
PBP has a 1-year max drawdown of -5.22%. There are 13 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.84%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -0.84% | 489.70M | Oct 2022 | PBP vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | -1.82% | 112.06M | Aug 2022 | PBP vs HYGW | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.28M | Feb 2025 | PBP vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.30B | Dec 2015 | PBP vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | PBP vs THTA |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, SPMO, QQQM and span 12 categories. AUM among these funds goes as high as $453B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 54 | 17.04% | 452.80B | Mar 1999 | PBP vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 49 | 26.49% | 21.05B | Oct 2015 | PBP vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 54 | 17.07% | 97.11B | Oct 2020 | PBP vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 72 | 15.64% | 96.96B | Apr 2003 | PBP vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 88 | 69.81% | 2.58B | Jun 2021 | PBP vs SOXQ | |
| Invesco S&P 500 Quality ETF | Quality Factor, S&P 500, Large Cap Blend Equities | 62 | 16.16% | 19.45B | Dec 2005 | PBP vs SPHQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 41 | 6.54% | 10.56B | May 2005 | PBP vs XLG | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Low Volatility | 42 | 12.35% | 4.04B | Oct 2012 | PBP vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 42 | 15.38% | 7.18B | Mar 2005 | PBP vs XMMO | |
| Invesco S&P International Developed Momentum ETF | Momentum, Foreign Large Cap Equities | 51 | 13.50% | 4.08B | Feb 2012 | PBP vs IDMO |
Often Compared With PBP
Investors most often compare PBP with SPY, JEPI, VOO. These 19 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare PBP with Any Fund or Stock
Compare PBP with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PBP with funds that move differently
Invesco S&P 500 BuyWrite ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PBP.
Explore PBP Diversifiers