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Data as of Nov 4, 2026.

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Income ETFs

DRKY vs PAPI: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, DRKY paid 15.2% of its price in cash against PAPI’s 8.2%, though PAPI returned more with it reinvested.

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askIQ about DRKY and PAPI

Net assets: $20m on Nov 3, 2026 for VistaShares Target 15 DRUKMacro Distribution ETF, and $400m on Jun 30, 2026 for Parametric Equity Premium Income ETF.

DRKY on its own →PAPI on its own →
At a glance
15.2%
DRKY cash paid, 1 year
8.2%
PAPI cash paid, 1 year
+15.7%
DRKY total return, 1 year
+23.4%
PAPI total return, 1 year
DRKY · 1 year to Nov 4, 2026 0.9 pts ahead of SPY
DRKY
+15.7%
SPY
+14.8%

0.9 pts ahead of SPY

DRKY over 1 year: paid 15.2%, price −0.5%, total +15.7%, SPY +14.8%, +0.9 pts. Data to Nov 4, 2026.

SPY

+14.8%

DRKY

+15.7%

15.2% of it arrived as cash

0.9 pts ahead of SPY

Total return, distributions reinvested

0.9 pts ahead of SPY

DRKY over 1 year: paid 15.2%, price −0.5%, total +15.7%, SPY +14.8%, +0.9 pts. Data to Nov 4, 2026.

SPY

+14.8%

DRKY

+15.7%

0.9 pts ahead of SPY

15.2% of it arrived as cash. Total return, distributions reinvested. DRKY over 1 year: paid 15.2%, price −0.5%, total +15.7%, SPY +14.8%, +0.9 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 0.66 points a year less; their one-year returns differ by 7.7 points.

Points (pts) are percentage points.

DRKY vs PAPI: Dividend Yield & Total Return
MeasureDRKYPAPI
Paid and earned
Total return, 1 year+15.7%+23.4%
Price change, 1 yearfell 0.5%rose 14.3%
Return of capital, issuer estimate100% of the Oct 27, 2026 payment
Against its benchmark
BenchmarkS&P 500, measured through SPYiShares Russell 1000 Value ETF, measured through IWD
Cost and size
Expense ratio0.95%0.29%
Net assets, DRKY as of Nov 3, 2026 and PAPI as of Jun 30, 2026$20m$400m
Holdings
Holdings in common1%
ETFIQ Distribution Coverage Score · PAPI scores higher How much of what it paid out did its total return cover?
IQ Income Score59DRKY96.1PAPI

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

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

1%

By the books each fund has filed, DRKY and PAPI hold 1% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 4, 2026.

0 half 100%

half

1% in common

Positions both hold · largest shared weight first DRKY PAPI
Alphabet Inc 3.80% 0.59%
Fox Corp 4.35% 0.41%
Only in one fund ↓
Only in DRKY
Natera Inc 27.89%
Taiwan Semiconductor Manufacturing Co Ltd 8.64%
STMicroelectronics NV 7.05%
BBB Foods Inc 5.63%
Amazon.com Inc 4.79%
CDW Corp 4.68%
Insmed Inc 4.38%
United Airlines Holdings Inc 4.11%
Only in PAPI
Corning, Inc. 1.00%
TD SYNNEX Corp. 0.80%
Cisco Systems, Inc. 0.76%
Power Integrations, Inc. 0.73%
Royalty Pharma plc 0.72%
Millicom International Cellular SA 0.72%
Avnet, Inc. 0.70%
Texas Instruments, Inc. 0.70%
Check overlap with more funds →

Side by side

DRKY VistaShares Target 15 DRUKMacro Distribution 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 VistaShares Parametric
Strategy covered call covered call
Benchmark S&P 500 (SPY) iShares Russell 1000 Value ETF (IWD)
Pays monthly monthly
Payout rate, annualized 15.2% 6.8%
Expense ratio 0.95% 0.29%
Cash paid, 1 year 15.2% 8.2%
Price change, 1 year −0.5% +14.3%
Total return, 1 year +15.7% +23.4%
Benchmark return, 1 year +14.8% +32.8%
Ahead or behind +0.9 pts −9.4 pts
Return of capital, latest estimate 100% not published
Age 1.1 years 3.0 years
Net assets, DRKY as of Nov 3, 2026 and PAPI as of Jun 30, 2026 $20m $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: DRKY vs PAPI: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowDRKYPAPIDRKYPAPIDRKYPAPI
3 months+6.3%+6.6%4.0%1.8%+6.4 pts+2.6 pts
6 months+6.2%+13.2%7.5%3.9%+1.1 pts−0.7 pts
1 year+15.7%+23.4%15.2%8.2%+0.9 pts−9.4 pts
3 years–+44.5%–23.7%–−39.8 pts
Since launchNot the same days: DRKY Oct 2025 · PAPI Oct 2023+20.0%+45.5%16.8%23.9%+4.8 pts−42.4 pts

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About each fund
DRKY

Over the year to Nov 4, 2026, DRKY paid 15.2% of its starting value in cash distributions while its price fell 0.5%. With every distribution reinvested, the fund returned +15.7%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was ahead by 0.9 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 15.2%, paid monthly. VistaShares estimates that 100% of the distribution paid Oct 27, 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, DRKY or PAPI?
Over the year to Nov 4, 2026, DRKY paid 15.2% of its starting price in cash and PAPI paid 8.2%, so DRKY paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, DRKY or PAPI?
With every distribution reinvested, DRKY returned +15.7% and PAPI +23.4% over the year to Nov 4, 2026.
Which is cheaper, DRKY or PAPI?
DRKY charges 0.95% a year and PAPI charges 0.29%, so PAPI is cheaper. Fees come from each fund's prospectus.
Other comparisons
DRKY vs VOOYDRKY vs FEPIDRKY vs YLDEDRKY vs SDVDPAPI vs QUSAPAPI vs SCLZPAPI vs SPUTPAPI vs OCTH
Where to next
S&P 500 (SPY) →iShares Russell 1000 Value ETF (IWD) →DRKY on its own →PAPI on its own →DRKY dividend history →DRKY holdings →PAPI dividend history →PAPI holdings →Method →Standards and sources →
Sources and dates
DRKY filings on SEC EDGAR ↗
DRKY prospectus with the expense ratio (SEC) ↗
DRKY 19a-1 distribution notice ↗
VistaShares page for DRKY ↗
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, DRKY against PAPI, data as of Nov 4, 2026. https://etfiq.com/compare/income/drky-vs-papi

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