(PBP) SP500 BuyWrite - Overview
Etf: S&P 500, Call Options, ETF, Buy-Write
Dividends
| Dividend Yield | 11.42% |
| Yield on Cost 5y | 16.74% |
| Yield CAGR 5y | 15.31% |
| Payout Consistency | 76.0% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 12.2% |
| Relative Tail Risk | 0.79% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.26 |
| Alpha | -4.84 |
| Character TTM | |
|---|---|
| Beta | 0.688 |
| Beta Downside | 0.802 |
| Drawdowns 3y | |
|---|---|
| Max DD | 15.40% |
| CAGR/Max DD | 0.79 |
Description: PBP SP500 BuyWrite January 17, 2026
The Invesco S&P 500 BuyWrite ETF (PBP) allocates at least 90 % of its assets to the stocks that compose the S&P 500 and simultaneously sells (writes) call options on those stocks, thereby replicating a “buy-write” (covered-call) strategy that seeks total-return performance similar to its benchmark.
Key quantitative points (as of the most recent filing) include an expense ratio of roughly 0.55 %, a 30-day SEC-yield near 3.2 %, and a portfolio beta of about 0.96 relative to the S&P 500, indicating that the fund’s equity exposure tracks the broad market closely while the option overlay dampens upside volatility. The strategy’s income generation is highly sensitive to implied volatility in the S&P 500 options market; a 1 % rise in the VIX typically lifts the fund’s option premium income by about 0.15 % annualized, all else equal.
Given the fund’s reliance on large-cap U.S. equities, macro-level drivers such as Federal Reserve policy and corporate earnings trends dominate its performance, while sector weightings (e.g., information technology ≈ 27 % of assets) shape its risk-return profile.
For a deeper quantitative comparison of PBP’s risk-adjusted returns, see the ValueRay platform.
What is the price of PBP shares?
Over the past week, the price has changed by +0.13%, over one month by +0.70%, over three months by +5.50% and over the past year by +7.12%.
Is PBP a buy, sell or hold?
What are the forecasts/targets for the PBP price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 28 | 22.1% |
PBP Fundamental Data Overview February 03, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 321.8m USD (321.8m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 321.8m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 321.8m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 8.45% (E(321.8m)/V(321.8m) * Re(8.45%) + (debt-free company))
Discount Rate = 8.45% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)