PBP and PUTW 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 PUTW provides ~8% yield targeting sophisticated investor seeking income via put writing strategy. 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
5.4
Overall Score
WisdomTree PutWrite Strategy Fund
5.5
Overall Score
| Criteria | PBP | PUTW |
|---|---|---|
| Overall Score | 5.4 5.5 | |
| Total Return (25%) | 2.3 3.7 | |
| Downside Protection (25%) | 8.9 6.9 | |
| Upside Participation (25%) | 5.2 6.0 | |
| Consistency (15%) | 4.9 5.0 | |
| Expense Ratio (5%) | 6.4 7.0 | |
| Liquidity (5%) | 5.4 5.9 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | PBP | PUTW |
|---|---|---|
| Expense Ratio | 0.490% | 0.440% |
| Inception Date | Dec 20, 2007 | Feb 24, 2016 |
| Issuer | Invesco | WisdomTree |
| 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
Interesting alternative to traditional covered calls — similar economics, different mechanics
Investor Profile:
Sophisticated investor seeking income via put writing strategy