Data as of .
BIGY vs PAPI: which paid, and which earned it?
Over the year BIGY paid 12.5% of its price in cash against PAPI’s 7.9% and the two finished level on total return.
ETFIQ Return Stability Score: PAPI 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, BIGY and PAPI hold 11% of their money in the same securities at the same weight.
| Holding | BIGY | PAPI |
|---|---|---|
| Cisco Systems Inc | 1.32% | 0.77% |
| Texas Instruments Inc | 2.54% | 0.71% |
| International Business Machines Corp | 1.44% | 0.65% |
| AbbVie Inc | 1.09% | 0.64% |
| Alphabet Inc | 4.84% | 0.59% |
| Merck & Co Inc | 1.27% | 0.59% |
| QUALCOMM Inc | 1.06% | 0.58% |
| Coca-Cola Co/The | 1.13% | 0.56% |
| Danaher Corp | 0.83% | 0.56% |
| Johnson & Johnson | 2.25% | 0.56% |
| Home Depot Inc/The | 1.46% | 0.55% |
| Abbott Laboratories | 0.88% | 0.52% |
| Only in BIGY | Only in PAPI |
|---|---|
| Apple Inc 7.21% | Corning, Inc. 1.01% |
| NVIDIA Corp 6.66% | TD SYNNEX Corp. 0.81% |
| Amazon.com Inc 4.95% | Power Integrations, Inc. 0.73% |
| Advanced Micro Devices Inc 4.19% | Royalty Pharma plc 0.73% |
| Meta Platforms Inc 3.70% | Millicom International Cellular SA 0.72% |
| JPMORGAN CHASE & CO. 3.24% | Avnet, Inc. 0.71% |
| Broadcom Inc 3.04% | Cummins, Inc. 0.70% |
| Walmart Inc 2.54% | 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 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| BIGY | PAPI | BIGY | PAPI | BIGY | PAPI | |
| 3 months | +2.6% | +4.7% | 3.0% | 2.0% | +0.3 pts | +2.5 pts |
| 6 months | +15.0% | +5.6% | 6.9% | 4.0% | −3.0 pts | −12.4 pts |
| 1 year | +13.0% | +12.8% | 12.5% | 7.9% | −3.6 pts | −3.8 pts |
| Since launch | +28.9% | +35.6% | 21.8% | 22.5% | −2.4 pts | −49.6 pts |
| BIGY YieldMax(R) Target 12(TM) Big 50 Option Income ETF Synthetic covered call on SPY, paying monthly | PAPI Parametric Equity Premium Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | YieldMax | Parametric |
| Strategy | synthetic covered call | covered call |
| Benchmark | S&P 500 (SPY), used as a default proxy | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 12.1% | 7.2% |
| Expense ratio | 1.09% | 0.29% |
| Cash paid, 1 year | 12.5% | 7.9% |
| Price change, 1 year | −0.3% | +4.5% |
| Total return, 1 year | +13.0% | +12.8% |
| Benchmark return, 1 year | +16.6% | +16.6% |
| Ahead or behind | −3.6 pts | −3.8 pts |
| Return of capital, latest estimate | 0% | not published |
| Age | 666 days | 1065 days |
| Net assets | $33m | $400m |
BIGY in plain words
Over the year to Sep 18, 2026, BIGY paid 12.5% of its starting value in cash distributions while its price fell 0.3%. With every distribution reinvested, the fund returned +13.0%. S&P 500 (SPY), used as a default proxy returned +16.6% over the same days, so a holder was behind by 3.6 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 12.1%, paid monthly. YieldMax estimates that 0% of the distribution paid Sep 3, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
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, BIGY or PAPI?
- Over the year to Sep 18, 2026, BIGY paid 12.5% of its starting price in cash and PAPI paid 7.9%, 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 +13.0% and PAPI returned +12.8% over the year to Sep 18, 2026, so BIGY returned more.
- 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
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, BIGY against PAPI, data as of Sep 18, 2026. https://etfiq.com/compare/income/bigy-vs-papi Free to use with attribution; the underlying files are at Open data.