PBP and ETV are both covered call ETFs tracking the same benchmark, but with different approaches. PBP offers ~7% yield with a focus on conservative investor valuing historical track record above all, while ETV provides ~8% yield targeting income investor comfortable with cef structure seeking long track record. 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
Invesco S&P 500 BuyWrite ETF
5.3
Overall Score
Eaton Vance Tax-Managed Buy-Write Opportunities
5.5
Overall Score
| Criteria | PBP | ETV |
|---|---|---|
| Overall Score | 5.3 5.5 | |
| Total Return (25%) | 2.5 5.8 | |
| Downside Protection (25%) | 8.1 3.5 | |
| Upside Participation (25%) | 5.5 8.2 | |
| Consistency (15%) | 5.0 5.0 | |
| Expense Ratio (5%) | 6.4 1.4 | |
| Liquidity (5%) | 5.4 5.0 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | PBP | ETV |
|---|---|---|
| Expense Ratio | 0.490% | 0.890% |
| Inception Date | Dec 20, 2007 | Sep 30, 2005 |
| Issuer | Invesco | Eaton Vance |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 5/5 stars | 5/5 stars |
The grandfather of covered call ETFs — its 2008 data is invaluable for stress testing
Investor Profile:
Conservative investor valuing historical track record above all
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