Which paid more, BALI or PAPI?

Over the year to Nov 4, 2026, BALI paid 8.4% of its starting price in cash and PAPI paid 8.2%, 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 +17.6% and PAPI +23.4% over the year to Nov 4, 2026.

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.

Data as of Nov 4, 2026.

Income ETFs

BALI vs PAPI: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, BALI paid 8.4% of its price in cash against PAPI’s 8.2%, though PAPI returned more with it reinvested.

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Net assets: $1.5bn on Nov 3, 2026 for iShares U.S. Large Cap Premium Income Active ETF, and $400m on Jun 30, 2026 for Parametric Equity Premium Income ETF.

BALI on its own →PAPI on its own →

At a glance

8.4%

BALI cash paid, 1 year

8.2%

PAPI cash paid, 1 year

+17.6%

BALI total return, 1 year

+23.4%

PAPI total return, 1 year

BALI · 1 year to Nov 4, 2026 2.8 pts ahead of SPY

BALI

+17.6%

SPY

+14.8%

2.8 pts ahead of SPY

BALI over 1 year: paid 8.4%, price +8.4%, total +17.6%, SPY +14.8%, +2.8 pts. Data to Nov 4, 2026.

SPY

+14.8%

BALI

+17.6%

8.4% as cash

2.8 pts ahead of SPY

Total return, distributions reinvested

2.8 pts ahead of SPY

BALI over 1 year: paid 8.4%, price +8.4%, total +17.6%, SPY +14.8%, +2.8 pts. Data to Nov 4, 2026.

SPY

+14.8%

BALI

+17.6%

2.8 pts ahead of SPY

8.4% of it arrived as cash. Total return, distributions reinvested. BALI over 1 year: paid 8.4%, price +8.4%, total +17.6%, SPY +14.8%, +2.8 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

PAPI · 1 year to Nov 4, 2026 9.4 pts behind IWD

PAPI

+23.4%

IWD

+32.8%

9.4 pts behind IWD

PAPI over 1 year: paid 8.2%, price +14.3%, total +23.4%, IWD +32.8%, −9.4 pts. Data to Nov 4, 2026.

IWD

+32.8%

PAPI

+23.4%

8.2% as cash

9.4 pts behind IWD

Total return, distributions reinvested

9.4 pts behind IWD

PAPI over 1 year: paid 8.2%, price +14.3%, total +23.4%, IWD +32.8%, −9.4 pts. Data to Nov 4, 2026.

IWD

+32.8%

PAPI

+23.4%

9.4 pts behind IWD

8.2% of it arrived as cash. Both charts share one scale, 0 to +32.8%. PAPI over 1 year: paid 8.2%, price +14.3%, total +23.4%, IWD +32.8%, −9.4 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +32.8%. Data to Nov 4, 2026.

Pair scorecard

PAPI costs 0.06 points a year less; their one-year returns differ by 5.8 points.

Points (pts) are percentage points.

BALI vs PAPI: Dividend Yield & Total Return
Measure	BALI	PAPI
Paid and earned
Measure	BALI	PAPI
Total return, 1 year	+17.6%	+23.4%
Price change, 1 year	rose 8.4%	rose 14.3%
Return of capital, issuer estimate	84% of the Nov 5, 2026 payment
Against its benchmark
Measure	BALI	PAPI
Benchmark	S&P 500, measured through SPY	iShares Russell 1000 Value ETF, measured through IWD
Cost and size
Measure	BALI	PAPI
Expense ratio	0.35%	0.29%
Net assets, BALI as of Nov 3, 2026 and PAPI as of Jun 30, 2026	$1.5bn	$400m
Holdings
Measure	BALI	PAPI
Holdings in common	17%

ETFIQ Distribution Coverage Score · PAPI scores higher How much of what it paid out did its total return cover?

IQ Income Score88.3BALI96.1PAPI

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

BALI 88.3

PAPI 96.1

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

What they share

17%

By the books each fund has filed, BALI and PAPI hold 17% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

50%

0 half 100%

half

17% in common

Positions both hold · largest shared weight first BALI PAPI

CISCO SYSTEMS INC 0.95% 0.76%

ABBVIE 0.79% 0.64%

ALPHABET CLASS A 2.09% 0.59%

MERCK & CO INC 0.94% 0.59%

CARDINAL HEALTH 0.76% 0.59%

VALERO ENERGY CORP 0.56% 0.64%

PHILLIPS 66 0.67% 0.55%

WEC ENERGY GROUP 0.88% 0.52%

ABBOTT LABORATORIES 0.99% 0.52%

VULCAN MATERIALS 0.61% 0.51%

GENERAL DYNAMICS CORP 0.51% 0.51%

UNITED PARCEL SERVICE INC CLASS B 1.27% 0.51%

Only in one fund ↓

Only in BALI

NVIDIA 6.95%

APPLE 6.17%

AMAZON.COM INC 3.33%

BROADCOM INC 2.12%

ALPHABET CLASS C 1.95%

EXXONMOBIL HOLDINGS CORP 1.93%

BERKSHIRE HATHAWAY INC CLASS B 1.88%

VISA CLASS A 1.66%

Only in PAPI

Corning, Inc. 1.00%

TD SYNNEX Corp. 0.80%

Power Integrations, Inc. 0.73%

Royalty Pharma plc 0.72%

Millicom International Cellular SA 0.72%

Texas Instruments, Inc. 0.70%

Cummins, Inc. 0.70%

Reynolds Consumer Products, Inc. 0.68%

Check overlap with more funds →

Side by side

BALI iShares U.S. Large Cap Premium Income Active ETF · Covered call on SPY, paying monthly PAPI Parametric Equity Premium Income ETF · Writes options on the S&P 500, measured against the Russell 1000 Value Index, paying monthly

Issuer iShares Parametric

Strategy covered call covered call

Benchmark S&P 500 (SPY) iShares Russell 1000 Value ETF (IWD)

Pays monthly monthly

Payout rate, annualized 6.5% 6.8%

Expense ratio 0.35% 0.29%

Cash paid, 1 year 8.4% 8.2%

Price change, 1 year +8.4% +14.3%

Total return, 1 year +17.6% +23.4%

Benchmark return, 1 year +14.8% +32.8%

Ahead or behind +2.8 pts −9.4 pts

Return of capital, latest estimate 84% not published

Age 3.1 years 3.0 years

Net assets, BALI as of Nov 3, 2026 and PAPI as of Jun 30, 2026 $1.5bn $400m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: BALI vs PAPI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	BALI	PAPI	BALI	PAPI	BALI	PAPI
3 months	0.0%	+6.6%	1.7%	1.8%	+0.1 pts	+2.6 pts
6 months	+6.5%	+13.2%	3.7%	3.9%	+1.4 pts	−0.7 pts
1 year	+17.6%	+23.4%	8.4%	8.2%	+2.8 pts	−9.4 pts
3 years	+74.1%	+44.5%	29.6%	23.7%	−8.8 pts	−39.8 pts
Since launchNot the same days: BALI Sep 2023 · PAPI Oct 2023	+77.2%	+45.5%	30.6%	23.9%	−8.4 pts	−42.4 pts

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Alert

About each fund

BALI

Over the year to Nov 4, 2026, BALI paid 8.4% of its starting value in cash distributions while its price rose 8.4%. With every distribution reinvested, the fund returned +17.6%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was ahead by 2.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 6.5%, paid monthly. iShares estimates that 84% of the distribution paid Nov 5, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

PAPI

Over the year to Nov 4, 2026, PAPI paid 8.2% of its starting value in cash distributions while its price rose 14.3%. With every distribution reinvested, the fund returned +23.4%. iShares Russell 1000 Value ETF (IWD) returned +32.8% over the same days, so a holder was behind by 9.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 6.8%, paid monthly.

Questions people ask

Which paid more, BALI or PAPI?: Over the year to Nov 4, 2026, BALI paid 8.4% of its starting price in cash and PAPI paid 8.2%, 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 +17.6% and PAPI +23.4% over the year to Nov 4, 2026.
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

BALI vs CONY BALI vs GOOY BALI vs DJIA BALI vs YLDE PAPI vs ISPY PAPI vs OMAH PAPI vs FTHI PAPI vs ROCY

Where to next

S&P 500 (SPY) →iShares Russell 1000 Value ETF (IWD) →BALI on its own →PAPI on its own →BALI dividend history →BALI holdings →PAPI dividend history →PAPI holdings →Method →Standards and sources →

Sources and dates

BALI filings on SEC EDGAR ↗

BALI prospectus with the expense ratio (SEC) ↗

BALI 19a-1 distribution notice ↗

iShares page for BALI ↗

PAPI filings on SEC EDGAR ↗

PAPI prospectus with the expense ratio (SEC) ↗

Parametric website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, BALI against PAPI, data as of Nov 4, 2026. https://etfiq.com/compare/income/bali-vs-papi

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.