PBP vs SPYI
Invesco S&P 500 BuyWrite ETF compared with Neos S&P 500(R) High Income ETF on yield, payout growth, payment schedule, cost and risk.
PBP
Invesco S&P 500 BuyWrite ETF
TTM yield · Monthly
SPYI
Neos S&P 500(R) High Income ETF
TTM yield · Monthly
Quick take
- SPYI yields more today: 12.01% vs 10.49% (forward).
- PBP has grown its payout faster: 88.0%/yr vs 6.1%/yr over the last 3 years.
- Both pay every month.
- Over the last year PBP delivered the higher total return: +17.2% vs +12.7% (price change plus payouts).
- PBP is cheaper to own: 0.29% vs 0.68% expense ratio.
- SPYI has the steadier distribution: consistency 98/100 vs 56/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | PBP | SPYI |
|---|---|---|
| Share price | $23.11 | $52.64 |
| TTM yield | 12.19% | 12.01% |
| Forward yield | 10.49% | 12.01% |
| Annual payout per share | $2.424 | $6.323 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Nov 16, 2026 (est.) | Nov 18, 2026 (est.) |
| Expense ratio | 0.29% | 0.68% |
| 1-year payout growth | +20.4% | +3.1% |
| 5-year payout CAGR | +62.7% | — |
| Consecutive years of increases | 4 years | 3 years |
| Payout consistency (last 12) | 56/100 | 98/100 |
| 1-year total return | +17.2% | +12.7% |
| 1-year price return | +4.5% | +0.7% |
| Size (market cap / AUM) | 387.3M | 12.2B |
| Years paying | 18.6 | 4.1 |
| Sector / category | Derivative Income | Derivative Income |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| PBP | SPYI | |
|---|---|---|
| Shares | 432.7 | 190.0 |
| Income per year | $1,049 | $1,201 |
| Income per month (avg) | $87 | $100 |
At forward yields, before taxes. Model PBP · Model SPYI
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| PBP Nov 16, 2026 | Nov 30, 2026 | $0.202 | Est. |
| PBP Dec 14, 2026 | Dec 28, 2026 | $0.202 | Est. |
| PBP Jan 11, 2027 | Jan 25, 2027 | $0.202 | Est. |
| SPYI Nov 18, 2026 | Dec 2, 2026 | $0.5269 | Est. |
| SPYI Dec 16, 2026 | Dec 30, 2026 | $0.5269 | Est. |
| SPYI Jan 13, 2027 | Jan 27, 2027 | $0.5269 | Est. |
Annual payouts per share
PBPSPYI
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, PBP or SPYI?
PBP currently has the higher trailing yield: PBP yields 12.19% and SPYI yields 12.01%. Yield changes daily with price, so check the live figures above.
How often do PBP and SPYI pay?
PBP pays every month and SPYI pays every month. PBP's next ex-date is Nov 16, 2026 and SPYI's is Nov 18, 2026.
Which has grown its dividend faster, PBP or SPYI?
PBP has grown its payout faster: 88.0%/yr vs 6.1%/yr over the last 3 years.
Is PBP or SPYI better for income?
It depends on what you are optimising for. PBP and SPYI differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.