PBP ETF — Invesco S&P 500 BuyWrite ETF

Invesco S&P 500 BuyWrite ETF (PBP)

Updated October 8, 2026.

PBP is an ETF. its distribution rate is 9.65%, its trailing-12-month yield is 10.09%, its expense ratio is 0.29%. Dividend Vision Distribution Safety Score™ is 70/100 (Generally safe). Total return is 158.0% over the past 18.8 years, 488.0 points behind SPY at 646.0%.

At the current 9.65% distribution rate, a $10,000 investment would generate approximately $965 per year, or $80.42 per month.

PBP performance versus SPY

Price and return data through 2026-10-08.

Total return is 158.0% over the past 18.8 years, 488.0 points behind SPY at 646.0%. Over the past year its total return — price change plus distributions reinvested — is 16.5%. Its deepest 1-year drawdown was 5.2%.

PBP key facts

Distribution Safety Score™

70 · Generally safe

Safety-Adjusted Yield

6.75%

Issuer

Invesco

Asset type

ETF

Asset class

Equity

Inception date

12/20/2007

Expense ratio

0.29%

Distribution rate

9.65%

Distribution frequency

Monthly

Trailing yield

10.09%

Last close

$23.45 (as of 2026-10-08)

AUM

$389,847,877

Average volume

56965.0

Last dividend

$0.18863

Last ex-dividend date

09/21/2026

Last payment date

09/25/2026 (as of 2026-09-25)

Beta

0.37

P/E ratio

24.3676

How Dividend Vision calculates yield and returns

Distribution rate (9.65%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (10.09%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Invesco; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

PBP risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 5.2%.

Who may consider PBP — and who may not

It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from Invesco.