PBP vs QYLD: Yield, Cost and Returns Compared
As of Nov 5, 2026, QYLD yields more: 12.48% (dividend yield) against 12.35% for PBP. PBP is cheaper to own at 0.29% a year vs 0.60%. Over the same 12 years (Dec 2013 to Oct 2026), QYLD returned 8.6% a year with distributions reinvested, and PBP 6.7%.
QYLDGlobal X NASDAQ 100 Covered Call ETF12.48%dividend yield| Compared | PBP | QYLD |
|---|---|---|
| YieldDividend yield | 12.35% | 12.48% |
| Expense ratio | 0.29% | 0.60% |
| Total return, 1 yr | +14.5% | +15.7% |
| Total return, 3 yr (a year) | +14.7% | +15.8% |
| Total return, 5 yr (a year) | +7.5% | +7.8% |
| Total return, 10 yr (a year) | +7.3% | +9.7% |
| Worst drop since Dec 2013 | -21.9% | -22.8% |
| Share price since Dec 2013 | +11% | −30% |
| Pays | Monthly | Monthly |
| Issuer | Invesco | Global X |
| Assets | $389.1M | $8.2B |
| Started | 2007 | 2013 |
| Type | Derivative Income | Derivative Income |
Higher yield
QYLD
12.48%
Lower cost
PBP
0.29%
Better total return
QYLD
8.6%/yr
Smaller worst drop
PBP
-21.9%
Key facts: PBP vs QYLD
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, PBP yields 12.35% (dividend yield) and QYLD yields 12.48% (dividend yield).
- PBP's expense ratio is 0.29% and QYLD's is 0.60%: $29 vs $60 a year on $10,000.
- From Dec 2013 to Oct 2026, $10,000 in PBP grew to $22,915 (6.7% a year) and $10,000 in QYLD to $28,762 (8.6% a year), distributions reinvested.
- Their worst month-end drops over that time: -21.9% for PBP and -22.8% for QYLD.
- 7 of PBP's top ten holdings are also in QYLD's top ten, an overlap of at least 31% of the fund.
Cite this page
SmarterDividends, "PBP vs QYLD: Yield, Cost and Returns Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/pbp-vs-qyld
$10,000 in each, Dec 2013 to Oct 2026
Distributions reinvested, month-end values, with the S&P 500 for reference.
PBP became
$22,915
6.7% a year
QYLD became
$28,762
8.6% a year
Year by year
| Year | PBP | QYLD |
|---|---|---|
| 2025 | +8.5% | +9.3% |
| 2024 | +19.9% | +19.3% |
| 2023 | +11.6% | +22.7% |
| 2022 | −11.8% | −19.0% |
| 2021 | +20.0% | +10.4% |
| 2020 | −3.3% | +8.8% |
| 2019 | +15.1% | +22.7% |
| 2018 | −6.0% | −3.0% |
| 2017 | +12.1% | +18.7% |
| 2016 | +6.4% | +4.7% |
| 2015 | +4.1% | +7.3% |
| 2014 | +4.3% | +4.2% |
Total return each calendar year, distributions reinvested.
Top holdings
7 of the top ten overlap, at least 31% of each fund.
PBP
- AAPL Apple Inc7.8%
- NVDA NVIDIA Corp7.6%
- MSFT Microsoft Corp6.0%
- AMZN Amazon.com Inc3.6%
- GOOGL Alphabet Inc Class A2.5%
- AVGO Broadcom Inc2.4%
- META Meta Platforms Inc Class A2.1%
- GOOG Alphabet Inc Class C2.0%
- LLY Eli Lilly and Co1.7%
- TSLA Tesla Inc1.7%
QYLD
- AAPL Apple Inc8.2%
- NVDA NVIDIA Corp8.1%
- MSFT Microsoft Corp6.3%
- MU Micron Technology Inc4.5%
- AMZN Amazon.com Inc4.2%
- AMD Advanced Micro Devices Inc3.7%
- TSLA Tesla Inc3.4%
- META Meta Platforms Inc Class A3.0%
- WMT Walmart Inc2.7%
- GOOGL Alphabet Inc Class A2.7%
PBP vs QYLD: questions
Is PBP or QYLD better?
It depends on the job. QYLD pays more today (12.48% vs 12.35%), PBP costs less, and QYLD has the better total return over Dec 2013 to Oct 2026, with PBP holding up better in its worst stretch. For income, look at yield and whether the payouts hold up; for growth, total return and drawdowns.
Which pays a higher dividend, PBP or QYLD?
QYLD, at 12.48% against 12.35% for PBP as of Nov 5, 2026. On $10,000 that's about $1,248 vs $1,235 a year at today's rates.
Which has the better total return?
QYLD. From Dec 2013 to Oct 2026, it returned 8.6% a year with distributions reinvested, against 6.7% for PBP. $10,000 became $28,762 vs $22,915.
Which is cheaper, PBP or QYLD?
PBP, with a 0.29% expense ratio against 0.60%.
Do PBP and QYLD hold the same things?
Partly. 7 of their top ten holdings match (AAPL, NVDA, MSFT, AMZN), at least 31% of each fund. Owning both doubles up on those.
Related comparisons
Yields, costs and holdings as each fund reports them (via Yahoo Finance), updated daily; returns from month-end prices with distributions reinvested. QYLD leads on 5 of 8 measures above. For information only, not investment advice. Last fund data: Nov 5, 2026.