Which paid more, FGSI or PAPI?

Over the year to Nov 4, 2026, FGSI paid 8.3% of its starting price in cash and PAPI paid 8.2%, so FGSI paid more. Cash paid is not the same as money made: the price change matters too.

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

With every distribution reinvested, FGSI returned +9.0% and PAPI +23.4% over the year to Nov 4, 2026.

Which is cheaper, FGSI or PAPI?

FGSI charges 0.85% 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

FGSI vs PAPI: Dividend Yield & Total Return

Share on X Download as PDF

Over the year to Nov 4, 2026, FGSI paid 8.3% of its price in cash against PAPI’s 8.2%, though PAPI returned more with it reinvested.

askIQ about this page

askIQ about FGSI and PAPI

Net assets: $2.0m on Nov 3, 2026 for FT Vest Growth Strength & Target Income ETF, and $400m on Jun 30, 2026 for Parametric Equity Premium Income ETF.

FGSI on its own →PAPI on its own →

At a glance

8.3%

FGSI cash paid, 1 year

8.2%

PAPI cash paid, 1 year

+9.0%

FGSI total return, 1 year

+23.4%

PAPI total return, 1 year

FGSI · 1 year to Nov 4, 2026 About even with FTGS

FGSI

+9.0%

FTGS

+8.8%

About even with FTGS

FGSI over 1 year: paid 8.3%, price +0.2%, total +9.0%, FTGS +8.8%, +0.2 pts. Data to Nov 4, 2026.

FTGS

+8.8%

FGSI

+9.0%

8.3% as cash

about even with FTGS

Total return, distributions reinvested

About even with FTGS

FGSI over 1 year: paid 8.3%, price +0.2%, total +9.0%, FTGS +8.8%, +0.2 pts. Data to Nov 4, 2026.

FTGS

+8.8%

FGSI

+9.0%

about even with FTGS

8.3% of it arrived as cash. Total return, distributions reinvested. FGSI over 1 year: paid 8.3%, price +0.2%, total +9.0%, FTGS +8.8%, +0.2 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 0.56 points a year less; their one-year returns differ by 14.4 points.

Points (pts) are percentage points.

FGSI vs PAPI: Dividend Yield & Total Return
Measure	FGSI	PAPI
Paid and earned
Measure	FGSI	PAPI
Total return, 1 year	+9.0%	+23.4%
Price change, 1 year	rose 0.2%	rose 14.3%
Against its benchmark
Measure	FGSI	PAPI
Benchmark	First Trust Growth Strength ETF, measured through FTGS	iShares Russell 1000 Value ETF, measured through IWD
Cost and size
Measure	FGSI	PAPI
Expense ratio	0.85%	0.29%
Net assets, FGSI as of Nov 3, 2026 and PAPI as of Jun 30, 2026	$2.0m	$400m
Holdings
Measure	FGSI	PAPI
Holdings in common	5%

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

IQ Income Score63.2FGSI96.1PAPI

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

FGSI 63.2

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, FGSI and PAPI hold 5% 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

5% in common

Positions both hold · largest shared weight first FGSI PAPI

Corning Incorporated 1.90% 1.00%

Cummins Inc. 1.87% 0.70%

Cincinnati Financial Corporation 2.15% 0.57%

Garmin Ltd. 1.89% 0.52%

General Dynamics Corporation 2.16% 0.51%

Stryker Corporation 2.10% 0.48%

Salesforce, Inc. 1.84% 0.46%

Intuit Inc. 2.11% 0.35%

Only in one fund ↓

Only in FGSI

Vertiv Holdings Co (Class A) 2.28%

Eli Lilly and Company 2.25%

United Therapeutics Corporation 2.25%

Blackstone Inc. 2.21%

Delta Air Lines, Inc. 2.20%

Monolithic Power Systems, Inc. 2.18%

S&P Global Inc. 2.16%

Arch Capital Group Ltd. 2.12%

Only in PAPI

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%

Reynolds Consumer Products, Inc. 0.68%

Check overlap with more funds →

Side by side

FGSI FT Vest Growth Strength & Target Income ETF · Writes calls on the S&P 500, measured against The Growth Strength Index, 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 First Trust Parametric

Strategy option income covered call

Benchmark First Trust Growth Strength ETF (FTGS) iShares Russell 1000 Value ETF (IWD)

Pays monthly monthly

Payout rate, annualized 8.3% 6.8%

Expense ratio 0.85% 0.29%

Cash paid, 1 year 8.3% 8.2%

Price change, 1 year +0.2% +14.3%

Total return, 1 year +9.0% +23.4%

Benchmark return, 1 year +8.8% +32.8%

Ahead or behind +0.2 pts −9.4 pts

Return of capital, latest estimate 53% not published

Age 1.4 years 3.0 years

Net assets, FGSI as of Nov 3, 2026 and PAPI as of Jun 30, 2026 $2.0m $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: FGSI vs PAPI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	FGSI	PAPI	FGSI	PAPI	FGSI	PAPI
3 months	−2.2%	+6.6%	2.0%	1.8%	+0.6 pts	+2.6 pts
6 months	+6.3%	+13.2%	4.3%	3.9%	+0.2 pts	−0.7 pts
1 year	+9.0%	+23.4%	8.3%	8.2%	+0.2 pts	−9.4 pts
3 years	–	+44.5%	–	23.7%	–	−39.8 pts
Since launchNot the same days: FGSI Jun 2025 · PAPI Oct 2023	+13.6%	+45.5%	11.3%	23.9%	−0.7 pts	−42.4 pts

– means no data for this window. Open this comparison in the app →

Alert

About each fund

FGSI

Over the year to Nov 4, 2026, FGSI paid 8.3% of its starting value in cash distributions while its price rose 0.2%. With every distribution reinvested, the fund returned +9.0%. First Trust Growth Strength ETF (FTGS) returned +8.8% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 8.3%, paid monthly. First Trust estimates that 53% of the distribution paid Oct 30, 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, FGSI or PAPI?: Over the year to Nov 4, 2026, FGSI paid 8.3% of its starting price in cash and PAPI paid 8.2%, so FGSI paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, FGSI or PAPI?: With every distribution reinvested, FGSI returned +9.0% and PAPI +23.4% over the year to Nov 4, 2026.
Which is cheaper, FGSI or PAPI?: FGSI charges 0.85% a year and PAPI charges 0.29%, so PAPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

FGSI vs YLDE FGSI vs SDVD FGSI vs MAGY FGSI vs VAIE PAPI vs OARK PAPI vs SDTY PAPI vs KYLD PAPI vs QVOL

Where to next

First Trust Growth Strength ETF (FTGS) →iShares Russell 1000 Value ETF (IWD) →FGSI on its own →PAPI on its own →FGSI dividend history →FGSI holdings →PAPI dividend history →PAPI holdings →Method →Standards and sources →

Sources and dates

FGSI filings on SEC EDGAR ↗

FGSI prospectus with the expense ratio (SEC) ↗

FGSI 19a-1 distribution notice ↗

First Trust page for FGSI ↗

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

Open data →

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