PBP

Invesco S&P 500 BuyWrite ETF

SPYIssuer: InvescoInception: December 20, 2007

5.4

Overall Score

Strategy & Profile

Invesco BuyWrite strategy replicating the CBOE S&P 500 BuyWrite Index. One of the oldest covered call ETFs, launched in 2007. Holds S&P 500 stocks and sells ATM calls on SPX systematically.

TTM Yield: ~7%

Strengths

  • ✓Longest track record in our universe (since 2007)
  • ✓Has survived 2008-2009 financial crisis
  • ✓Good downside protection (8.09/10)

Weaknesses

  • ✗Low upside participation (5.49/10)
  • ✗ATM strategy limits growth
  • ✗Lower yield than newer alternatives

Investor Profile

Conservative investor valuing historical track record above all

Verdict

The grandfather of covered call ETFs — its 2008 data is invaluable for stress testing

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Key Metrics

Expense Ratio

0.490%

Inception Date

December 20, 2007

Benchmark

SPY

Category

Covered Call - Large Cap

Distribution Frequency

Monthly

Maturity Rating

5/5 stars

Scores calculated using CoveredRank methodology. Every formula is published and reproducible.

See full methodology→

Disclaimer: CoveredRank provides independent educational content only. This is not financial advice. Please consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results.