ISPY vs PBP: Income Fund Comparison
Proshares S&P 500 High Income ETF - US (ISPY) and Invesco S&P 500 BuyWrite ETF - US (PBP) are both income-focused funds. Below is our independent side-by-side review using the Dependable Income Investing 13-factor scoring system — designed specifically for income investors seeking reliable, sustainable distributions.
Also see: ISPY individual review · PBP individual review
ISPY: Expense ratio is 0.56% PBP: Expense ratio is 0.29% which is low. ISPY inception date December 18 2023 - approximately 2.3 years of history PBP fund was established Dec 20th 2007. Full Dependability and Return scores for both funds are available in the app.
| ISPY | PBP | |
|---|---|---|
| Fund Name | Proshares S&P 500 High Income ETF - US | Invesco S&P 500 BuyWrite ETF - US |
| Fund Type | Index Based Fund | Index Based Fund |
| Exchange | NYSE/NASDAQ | NYSE/NASDAQ |
| Last Reviewed | 2026-04-07 | 2025-11-13 |
| Author | Adam Hyde, Income Investing Analyst | |
🔒 Full scores available — with Premium subscription
Compare Performance — Free →Fund Attributes: ISPY vs PBP 20% of overall score
Fund Attributes cover the foundational characteristics of each fund: cost, company backing, track record, and size. These factors reflect stability and cost-efficiency for long-term income investors.
Expense ratio is 0.56%
Expense ratio is 0.29% which is low.
ProShares has surpassed $100 billion in assets under management
USD $1.84 trillion in assets
Inception date December 18 2023 - approximately 2.3 years of history
fund was established Dec 20th 2007.
Fund AUM approximately $1.14 billion as of February 28 2026
Over 300 Million in this fund.
Risk: ISPY vs PBP 35% of overall score
Risk factors evaluate how each fund manages volatility, diversification, and the nature of its underlying assets — critical considerations for income investors who prioritise capital preservation.
Calculation result: beta 0.91 vs SPY (period 2023-12-29 to 2026-03-28) - standalone volatility 12.99% annualized (weekly returns) - low-to-moderate price variability
Volatility of this fund is low at 0.59 according to portfolio visualizer.
See the full Risk analysis for both ISPY and PBP — volatility ratings, diversification scores, and analyst notes.
View Plans →Return: ISPY vs PBP 45% of overall score
Return factors assess income generation quality: current yield, distribution consistency, price history, and payment frequency. This is the most heavily weighted category for income investors.
Monthly distributions
Pays monthly distributions.
See the full Return analysis for both ISPY and PBP — yield ratings, distribution consistency scores, and capital history.
View Plans →Our Review Methodology
Every fund reviewed on Dependable Income Investing is scored using our 13-factor Fund Report Card, organised into three weighted categories: Fund Attributes (20%), Risk (35%), and Return (45%). Each criterion is rated 1–5 by our analysts based on publicly available fund data.
We also calculate a Dependability Score — a weighted composite of six income-specific factors ranked by importance for retirement income investors: Yield Stability, Yield, Volatility, Capital History, Fund Risk, and Underlying Assets. This score answers the question income investors care about most: can I depend on this fund to pay me reliably?
Full scores, ratings, and analyst notes for both ISPY and PBP are available in the Dependable Income Investing app.
See our full scoring methodology →
Frequently Asked Questions: ISPY vs PBP
Which has a lower expense ratio, ISPY or PBP?
ISPY: Expense ratio is 0.56%
PBP: Expense ratio is 0.29% which is low.
Which fund has more assets under management, ISPY or PBP?
ISPY: Fund AUM approximately $1.14 billion as of February 28 2026
PBP: Over 300 Million in this fund.
Which fund has been trading longer, ISPY or PBP?
ISPY: Inception date December 18 2023 - approximately 2.3 years of history
PBP: fund was established Dec 20th 2007.
Who manages ISPY vs PBP?
ISPY: ProShares has surpassed $100 billion in assets under management
PBP: USD $1.84 trillion in assets
Where can I see the full ISPY vs PBP comparison with scores?
The complete side-by-side comparison — including all Risk and Return scores, analyst notes, Overall Score, and Dependability Score for both funds — is available in the Dependable Income Investing app.
What is the difference between ISPY and PBP?
Proshares S&P 500 High Income ETF - US is a Index Based Fund. Expense ratio is 0.56%. Invesco S&P 500 BuyWrite ETF - US is a Index Based Fund. Expense ratio is 0.29% which is low. Full comparison including Dependability Score is available in the Dependable Income Investing app.
Which is better for income investors, ISPY or PBP?
ISPY: Expense ratio is 0.56%. Inception date December 18 2023 - approximately 2.3 years of history. PBP: Expense ratio is 0.29% which is low. fund was established Dec 20th 2007. Which scores higher on Dependability and Return is available in the Dependable Income Investing app.
Do ISPY and PBP pay monthly distributions?
ISPY: Monthly distributions. PBP: Pays monthly distributions. Full yield and distribution stability scores for both funds are available in the Dependable Income Investing app.
See the Full ISPY vs PBP Comparison
The Dependable Income Investing app gives you the complete picture: all 13 scoring factors for both funds, Risk and Return analyst notes, Dependability Scores, and tools to compare any income fund side by side.
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