ETV and RSPA are both covered call ETFs tracking the same benchmark, but with different approaches. ETV offers ~8% yield with a focus on income investor comfortable with cef structure seeking long track record, while RSPA provides ~7.8% yield targeting income investors who want s&p 500 exposure with less mega-cap concentration and monthly distributions. Compare their scores, yields, and performance metrics to find the best fit for your portfolio.
Compare covered call ETFs with the same benchmark side by side
Eaton Vance Tax-Managed Buy-Write Opportunities
5.5
Overall Score
Invesco S&P 500 Equal Weight Income Advantage ETF
6.4
Overall Score
| Criteria | ETV | RSPA |
|---|---|---|
| Overall Score | 5.5 6.4 | |
| Total Return (25%) | 5.8 6.0 | |
| Downside Protection (25%) | 3.5 6.9 | |
| Upside Participation (25%) | 8.2 6.4 | |
| Consistency (15%) | 5.0 5.7 | |
| Expense Ratio (5%) | 1.4 7.6 | |
| Liquidity (5%) | 5.0 6.0 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | ETV | RSPA |
|---|---|---|
| Expense Ratio | 0.890% | 0.390% |
| Inception Date | Sep 30, 2005 | Jan 1, 2022 |
| Issuer | Eaton Vance | Invesco |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 5/5 stars | 4/5 stars |
Historical value for stress-testing — but newer ETF alternatives offer better structure and lower fees
Investor Profile:
Income investor comfortable with CEF structure seeking long track record
Unique equal-weight approach differentiates it from all other SPY-benchmarked covered call ETFs.
Investor Profile:
Income investors who want S&P 500 exposure with less mega-cap concentration and monthly distributions