Which paid more, BIGY or PAPI?

Over the year to Nov 4, 2026, BIGY paid 13.1% of its starting price in cash and PAPI paid 8.2%, so BIGY paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, BIGY or PAPI?

With every distribution reinvested, BIGY returned +7.4% and PAPI +23.4% over the year to Nov 4, 2026.

Which is cheaper, BIGY or PAPI?

BIGY charges 1.09% 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

BIGY vs PAPI: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, BIGY paid 13.1% of its price in cash against PAPI’s 8.2%, though PAPI returned more with it reinvested.

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Net assets: $31m on Nov 3, 2026 for YieldMax Target 12 Big 50 Option Income ETF, and $400m on Jun 30, 2026 for Parametric Equity Premium Income ETF.

BIGY on its own →PAPI on its own →

At a glance

13.1%

BIGY cash paid, 1 year

8.2%

PAPI cash paid, 1 year

+7.4%

BIGY total return, 1 year

+23.4%

PAPI total return, 1 year

BIGY · 1 year to Nov 4, 2026 7.4 pts behind SPY

BIGY

+7.4%

SPY

+14.8%

7.4 pts behind SPY

BIGY over 1 year: paid 13.1%, price −6.1%, total +7.4%, SPY +14.8%, −7.4 pts. Data to Nov 4, 2026.

SPY

+14.8%

BIGY

+7.4%

13.1% as cash

7.4 pts behind SPY

Total return, distributions reinvested

7.4 pts behind SPY

BIGY over 1 year: paid 13.1%, price −6.1%, total +7.4%, SPY +14.8%, −7.4 pts. Data to Nov 4, 2026.

SPY

+14.8%

BIGY

+7.4%

7.4 pts behind SPY

13.1% of it arrived as cash. Total return, distributions reinvested. BIGY over 1 year: paid 13.1%, price −6.1%, total +7.4%, SPY +14.8%, −7.4 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, with zero at the line. PAPI over 1 year: paid 8.2%, price +14.3%, total +23.4%, IWD +32.8%, −9.4 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

PAPI costs 0.80 points a year less; their one-year returns differ by 16.0 points.

Points (pts) are percentage points.

BIGY vs PAPI: Dividend Yield & Total Return
Measure	BIGY	PAPI
Paid and earned
Measure	BIGY	PAPI
Total return, 1 year	+7.4%	+23.4%
Price change, 1 year	fell 6.1%	rose 14.3%
Return of capital, issuer estimate	29% of the Nov 5, 2026 payment
Against its benchmark
Measure	BIGY	PAPI
Benchmark	S&P 500, measured through SPY	iShares Russell 1000 Value ETF, measured through IWD
Cost and size
Measure	BIGY	PAPI
Expense ratio	1.09%	0.29%
Net assets, BIGY as of Nov 3, 2026 and PAPI as of Jun 30, 2026	$31m	$400m
Holdings
Measure	BIGY	PAPI
Holdings in common	7%

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

IQ Income Score38BIGY96.1PAPI

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

BIGY 38

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

By the books each fund has filed, BIGY and PAPI hold 7% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 4, 2026.

50%

0 half 100%

half

7% in common

Positions both hold · largest shared weight first BIGY PAPI

Cisco Systems Inc 0.95% 0.76%

Texas Instruments Inc 0.65% 0.70%

AbbVie Inc 1.23% 0.64%

Alphabet Inc 7.37% 0.59%

Merck & Co Inc 0.87% 0.59%

Coca-Cola Co 0.97% 0.56%

International Business Machines Corp 0.56% 0.64%

Johnson & Johnson 1.59% 0.56%

Home Depot Inc 0.84% 0.54%

Procter & Gamble Co 0.91% 0.49%

Costco Wholesale Corp 1.09% 0.48%

Chevron Corp 1.02% 0.45%

Only in one fund ↓

Only in BIGY

Apple Inc 9.15%

NVIDIA Corp 7.62%

Amazon.com Inc 6.70%

Space Exploration Technologies Corp 4.31%

Meta Platforms Inc 3.69%

Tesla Inc 3.63%

Broadcom Inc 3.57%

Eli Lilly & Co 3.14%

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%

Avnet, Inc. 0.70%

Cummins, Inc. 0.70%

Reynolds Consumer Products, Inc. 0.68%

Check overlap with more funds →

Side by side

BIGY YieldMax Target 12 Big 50 Option Income ETF · Synthetic 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 YieldMax Parametric

Strategy synthetic covered call covered call

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

Pays monthly monthly

Payout rate, annualized 11.9% 6.8%

Expense ratio 1.09% 0.29%

Cash paid, 1 year 13.1% 8.2%

Price change, 1 year −6.1% +14.3%

Total return, 1 year +7.4% +23.4%

Benchmark return, 1 year +14.8% +32.8%

Ahead or behind −7.4 pts −9.4 pts

Return of capital, latest estimate 29% not published

Age 2.0 years 3.0 years

Net assets, BIGY as of Nov 3, 2026 and PAPI as of Jun 30, 2026 $31m $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: BIGY vs PAPI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	BIGY	PAPI	BIGY	PAPI	BIGY	PAPI
3 months	−1.2%	+6.6%	3.0%	1.8%	−1.1 pts	+2.6 pts
6 months	+2.1%	+13.2%	6.4%	3.9%	−2.9 pts	−0.7 pts
1 year	+7.4%	+23.4%	13.1%	8.2%	−7.4 pts	−9.4 pts
3 years	–	+44.5%	–	23.7%	–	−39.8 pts
Since launchNot the same days: BIGY Nov 2024 · PAPI Oct 2023	+26.8%	+45.5%	23.9%	23.9%	−5.3 pts	−42.4 pts

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Alert

About each fund

BIGY

Over the year to Nov 4, 2026, BIGY paid 13.1% of its starting value in cash distributions while its price fell 6.1%. With every distribution reinvested, the fund returned +7.4%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 7.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 11.9%, paid monthly. YieldMax estimates that 29% 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, BIGY or PAPI?: Over the year to Nov 4, 2026, BIGY paid 13.1% of its starting price in cash and PAPI paid 8.2%, so BIGY paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, BIGY or PAPI?: With every distribution reinvested, BIGY returned +7.4% and PAPI +23.4% over the year to Nov 4, 2026.
Which is cheaper, BIGY or PAPI?: BIGY charges 1.09% a year and PAPI charges 0.29%, so PAPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

BIGY vs FEPI BIGY vs YLDE BIGY vs SDVD BIGY vs MAGY PAPI vs SPIN PAPI vs OEI PAPI vs DRKY PAPI vs QUSA

Where to next

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

Sources and dates

BIGY filings on SEC EDGAR ↗

BIGY prospectus with the expense ratio (SEC) ↗

BIGY 19a-1 distribution notice ↗

YieldMax page for BIGY ↗

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

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