Data as of .
BALI vs PAPI: which paid, and which earned it?
Over the year BALI paid 8.5% of its price in cash against PAPI’s 7.9%, and returned more with it reinvested.
ETFIQ Return Stability Score: BALI scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 173 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed
What they hold in common
By the books each fund has filed, BALI and PAPI hold 6% of their money in the same securities at the same weight.
| Holding | BALI | PAPI |
|---|---|---|
| CISCO SYSTEMS INC | 0.99% | 0.77% |
| MERCK & CO INC | 0.94% | 0.59% |
| PHILLIPS 66 | 0.57% | 0.56% |
| ABBOTT LABORATORIES | 0.91% | 0.52% |
| VALERO ENERGY CORP | 0.52% | 0.65% |
| COSTCO WHOLESALE CORP | 1.64% | 0.49% |
| GENERAL DYNAMICS CORP | 0.48% | 0.51% |
| VERIZON COMMUNICATIONS INC | 1.31% | 0.48% |
| PPL CORP | 0.47% | 0.48% |
| MEDTRONIC PLC | 0.50% | 0.39% |
| TEXAS ROADHOUSE INC | 0.26% | 0.51% |
| AVERY DENNISON CORP | 0.16% | 0.46% |
| Only in BALI | Only in PAPI |
|---|---|
| NVIDIA 7.36% | Corning, Inc. 1.01% |
| APPLE 6.15% | TD SYNNEX Corp. 0.81% |
| MICROSOFT 5.07% | Power Integrations, Inc. 0.73% |
| AMAZON.COM INC 3.29% | Royalty Pharma plc 0.73% |
| BLK CSH FND TREASURY SL AGENCY 2.91% | Millicom International Cellular SA 0.72% |
| ALPHABET CLASS A 2.70% | Texas Instruments, Inc. 0.71% |
| ALPHABET CLASS C 2.38% | Cummins, Inc. 0.70% |
| BROADCOM INC 2.25% | Reynolds Consumer Products, Inc. 0.68% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| BALI | PAPI | BALI | PAPI | BALI | PAPI | |
| 3 months | +4.0% | +4.7% | 2.0% | 2.0% | +1.8 pts | +2.5 pts |
| 6 months | +17.3% | +5.6% | 4.7% | 4.0% | −0.8 pts | −12.4 pts |
| 1 year | +18.5% | +12.8% | 8.5% | 7.9% | +2.0 pts | −3.8 pts |
| Since launch | +76.3% | +35.6% | 29.2% | 22.5% | −8.0 pts | −49.6 pts |
| BALI iShares U.S. Large Cap Premium Income Active ETF Covered call on SPY, paying monthly | PAPI Parametric Equity Premium Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | iShares | Parametric |
| Strategy | covered call | covered call |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 7.5% | 7.2% |
| Expense ratio | 0.35% | 0.29% |
| Cash paid, 1 year | 8.5% | 7.9% |
| Price change, 1 year | +9.2% | +4.5% |
| Total return, 1 year | +18.5% | +12.8% |
| Benchmark return, 1 year | +16.6% | +16.6% |
| Ahead or behind | +2.0 pts | −3.8 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 1086 days | 1065 days |
| Net assets | $1.5bn | $400m |
BALI in plain words
Over the year to Sep 18, 2026, BALI paid 8.5% of its starting value in cash distributions while its price rose 9.2%. With every distribution reinvested, the fund returned +18.5%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was ahead by 2.0 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 7.5%, paid monthly.
PAPI in plain words
Over the year to Sep 18, 2026, PAPI paid 7.9% of its starting value in cash distributions while its price rose 4.5%. With every distribution reinvested, the fund returned +12.8%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 3.8 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 7.2%, paid monthly.
Questions people ask
- Which paid more, BALI or PAPI?
- Over the year to Sep 18, 2026, BALI paid 8.5% of its starting price in cash and PAPI paid 7.9%, so BALI paid more. Cash paid is not the same as money made: the price change matters too.
- Which returned more once distributions are counted, BALI or PAPI?
- With every distribution reinvested, BALI returned +18.5% and PAPI returned +12.8% over the year to Sep 18, 2026, so BALI returned more.
- Which is cheaper, BALI or PAPI?
- BALI charges 0.35% a year and PAPI charges 0.29%, so PAPI is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, BALI against PAPI, data as of Sep 18, 2026. https://etfiq.com/compare/income/bali-vs-papi Free to use with attribution; the underlying files are at Open data.