Invesco S&P 500 BuyWrite ETF (PBP) Stock | PBP Stock Price & Analysis

PBP

Invesco S&P 500 BuyWrite ETF PBP · CBOE

$23.27 -1.10% (-$0.26)

Summary

Invesco S&P 500 BuyWrite ETF is an ETF - a fund traded on an exchange like a stock - run by Invesco. Positions inside: 509. The ten largest make up 39% of the fund.

Yearly costs: 0.29%
Fund size: $393.0M
Positions: 509
Dividend yield: 11.37%
Running since: 2007

What speaks for it

Costs of 0.29% a year are below the middle of comparable funds (0.74%).
It has been running since 2007.

What to watch

40% of the fund is in one sector (Technology).
100% of the fund is in one country (United States).

A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.

1 month: -0.7%
3 months: +0.9%
This year: +1.9%
1 year: +3.6%
3 years: +9.0%
5 years: -2.1%
10 years: +10%

Avg. market cap: $2.52T
P/E: 26.5x
Forward P/E: 24.4x
P/S: 6.0x
P/B: 7.7x
P/FCF: 34.9x
EV/EBITDA: 19.8x
Dividend yield: 0.70%
ROIC: 27.5%
ROE: 60.0%
Gross margin: 59.2%
Operating margin: 34.8%
Net margin: 32.9%
Payout ratio: 18.5%
Net debt/EBITDA: 0.5x
Beta: 0.41

Weighted average of the 50 largest companies, which make up 65% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.

What is inside?

Moderately concentrated

1
NV
Nvidia NVDA 8.0%
2
AA
Apple AAPL 7.6%
3
MS
Microsoft MSFT 6.1%
4
AM
Amazon AMZN 3.8%
5
GO
Alphabet GOOGL 3.1%
6
GO
Alphabet GOOG 2.5%
7
AV
Broadcom AVGO 2.5%
8
ME
Meta META 2.5%
9
MU
Micron MU 1.6%
10
TS
Tesla TSLA 1.6%

Positions in the fund: 509. The ten largest make up 39% of it.

Composition as of Oct 17, 2026.

Where is it spread?

One sector dominates

By sector

Technology 40%
Financials 11%
Communication services 10.0%
Healthcare 9.3%
Consumer cyclical 8.7%
Other 20%

By country

United States 100%
Ireland 1.2%
United Kingdom 0.4%
Switzerland 0.3%
Other countries 0.2%

By company size

Mega cap 66%
Large cap 34%
Mid cap 0.2%

By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.

Largest sector: Technology (40%). Largest country: United States (100%). Largest size group: Mega cap (66%).

What does it cost me?

Cheap

This fund 0.29%

Middle of comparable ETFs 0.74%

A year from $10,000: $29.00
Over 20 years: $1,428

From every $10,000 invested the fund takes $29.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $1,428.

How has it done?

Growing slowly

+13%

-13%

+7.9%

+8.6%

-3.1%

20212022202320242025

A year on average, 10 years: +1.0%
Deepest drop: -22%
Yearly volatility: 7.9%

Average yearly growth over the last ten years: 1.0%. Deepest drop in these years: 22% below the earlier high.

Does it pay dividends?

Yes, it pays out

1.44

0.27

0.73

2.21

2.54

20212022202320242025

Yield: 11.37%
Payments a year: 12
Last payment: $0.19

Over the last 12 months it paid $2.64 per share, which is 11.37% of today's price. The last payment was $0.19 on Sep 21, 2026.

Is it easy to buy and sell?

Yes

Traded a day: $1.49M
Shares a day: 64K

On an average day about $1.49M of the fund changes hands.

How expensive are the companies inside?

Rather expensive

P/E of the companies inside: 26.5
Average Bulios Score: 73 out of 100

Weight by Bulios Fair Price

Undervalued 5.9%
Fairly valued 9.5%
Overvalued 85%

On average the companies inside trade for 26.5 times their yearly profit. By Fair Price, 85% of the rated weight comes out as overvalued.

Counted from its largest companies (50), which make up 65% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.

Similar funds

Funds that hold much of the same. The overlap says how much of their weight they share with this fund.

Fund	Domicile		Size	1-year change	Dividends
IB IBCF.DE iShares S&P 500 EUR Hedged UCITS ETF (Acc)	Ireland	0.20%	$10.4B	+15%	Reinvests	100%
IV IVVW iShares S&P 500 BuyWrite ETF	United States	0.25%	$347.7M	-3.4%	Pays out	100%
XY XYLD Global X - S&P 500 Covered Call ETF	United States	0.60%	$3.41B	+5.1%	Pays out	100%
15 1557.T State Street SPDR S&P 500 ETF	United States	0.09%	$823.4B	+24%	Pays out	99%
SP SPY SPDR S&P 500 ETF Trust	United States	0.09%	$814.0B	+15%	Pays out	99%
CS CSSPX.MI iShares Core S&P 500 UCITS ETF	Ireland	0.07%	$156.1B	+22%	Reinvests	99%

About the fund

The Invesco S&P 500 BuyWrite ETF, or "the Fund," aligns its investment strategy with the CBOE S&P 500 BuyWrite Index, referred to as "the Index." At least 90% of the Fund's assets are typically committed to the securities making up this Index, against which it then sells call options. The Index serves as a benchmark measuring total returns, specifically engineered to simulate a "buy-write" investment strategy on the S&P 500 Index. This involves calculating the complete return from an S&P 500 covered call methodology. Such a methodology entails maintaining a substantial investment (a long position) tracking the S&P 500 Index, while concurrently generating income by selling a series of covered call options. These options are structured so their exercise price is always equivalent to or greater than the prevailing market price of the S&P 500 Index. All dividends received from the underlying S&P 500 component stocks, along with the cash value of premiums collected from selling options, are consistently reinvested. Both the Fund and its guiding Index undergo adjustments, including rebalancing and reconstitution, on a monthly schedule.

Issuer: Invesco
Asset class: Alternatives
Domicile: United States
Launched: Dec 20, 2007
Net asset value per share: $23.47

Fund page at the issuer

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