PBP and RSPA 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 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
Invesco S&P 500 BuyWrite ETF
5.3
Overall Score
Invesco S&P 500 Equal Weight Income Advantage ETF
6.0
Overall Score
| Criteria | PBP | RSPA |
|---|---|---|
| Overall Score | 5.3 6.0 | |
| Total Return (25%) | 2.4 5.9 | |
| Downside Protection (25%) | 8.2 5.4 | |
| Upside Participation (25%) | 5.3 6.6 | |
| Consistency (15%) | 5.1 5.7 | |
| Expense Ratio (5%) | 6.4 7.6 | |
| Liquidity (5%) | 5.4 6.0 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | PBP | RSPA |
|---|---|---|
| Expense Ratio | 0.490% | 0.390% |
| Inception Date | Dec 20, 2007 | Jan 1, 2022 |
| Issuer | Invesco | Invesco |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 5/5 stars | 4/5 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
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
Both funds are scored on total return, downside protection, upside participation, distribution consistency, cost and liquidity, against the same benchmark and the same window.
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