Data as of .
FTQI vs PAPI: which paid, and which earned it?
Over the year FTQI paid 12.0% of its price in cash against PAPI’s 7.9%, and returned more with it reinvested.
ETFIQ Return Stability Score: FTQI 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, FTQI and PAPI hold 5% of their money in the same securities at the same weight.
| Holding | FTQI | PAPI |
|---|---|---|
| Cisco Systems, Inc. | 3.18% | 0.77% |
| AbbVie Inc. | 1.32% | 0.64% |
| Texas Roadhouse, Inc. | 0.58% | 0.51% |
| Gilead Sciences, Inc. | 1.22% | 0.49% |
| CME Group Inc. | 0.97% | 0.40% |
| Evergy, Inc. | 0.28% | 0.56% |
| Avnet, Inc. | 0.22% | 0.71% |
| Air Products and Chemicals, Inc. | 0.21% | 0.51% |
| Johnson & Johnson | 0.19% | 0.56% |
| Corteva Inc. | 0.18% | 0.56% |
| Royal Gold, Inc. | 0.18% | 0.40% |
| Phillips 66 | 0.16% | 0.56% |
| Only in FTQI | Only in PAPI |
|---|---|
| Apple Inc. 8.76% | Corning, Inc. 1.01% |
| NVIDIA Corporation 6.55% | TD SYNNEX Corp. 0.81% |
| US Dollar 5.75% | Power Integrations, Inc. 0.73% |
| Advanced Micro Devices, Inc. 5.41% | Royalty Pharma plc 0.73% |
| Amazon.com, Inc. 4.13% | Millicom International Cellular SA 0.72% |
| Meta Platforms, Inc. (Class A) 2.75% | Texas Instruments, Inc. 0.71% |
| Tesla, Inc. 2.68% | Cummins, Inc. 0.70% |
| Palantir Technologies Inc. (Class A) 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 18, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| FTQI | PAPI | FTQI | PAPI | FTQI | PAPI | |
| 3 months | +4.0% | +4.7% | 2.9% | 2.0% | +6.5 pts | +2.5 pts |
| 6 months | +18.3% | +5.6% | 6.3% | 4.0% | −5.9 pts | −12.4 pts |
| 1 year | +21.5% | +12.8% | 12.0% | 7.9% | −0.3 pts | −3.8 pts |
| 3 years | +62.9% | not published | 37.0% | not published | −35.3 pts | not published |
| Since launch | +141.7% | +35.6% | 78.8% | 22.5% | −675.0 pts | −49.6 pts |
| FTQI First Trust Nasdaq BuyWrite Income ETF Covered call on QQQ, paying monthly | PAPI Parametric Equity Premium Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | First Trust | Parametric |
| Strategy | covered call | covered call |
| Benchmark | Nasdaq-100 (QQQ) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 11.9% | 7.2% |
| Expense ratio | 0.75% | 0.29% |
| Cash paid, 1 year | 12.0% | 7.9% |
| Price change, 1 year | +8.0% | +4.5% |
| Total return, 1 year | +21.5% | +12.8% |
| Benchmark return, 1 year | +21.8% | +16.6% |
| Ahead or behind | −0.3 pts | −3.8 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 4637 days | 1065 days |
| Net assets | $975m | $400m |
FTQI in plain words
Over the year to Sep 18, 2026, FTQI paid 12.0% of its starting value in cash distributions while its price rose 8.0%. With every distribution reinvested, the fund returned +21.5%. Nasdaq-100 (QQQ) returned +21.8% over the same days, so a holder was about even. At its price on Sep 18, 2026 the latest distribution annualizes to 11.9%, paid monthly.
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, FTQI or PAPI?
- Over the year to Sep 18, 2026, FTQI paid 12.0% of its starting price in cash and PAPI paid 7.9%, so FTQI paid more. Cash paid is not the same as money made: the price change matters too.
- Which returned more once distributions are counted, FTQI or PAPI?
- With every distribution reinvested, FTQI returned +21.5% and PAPI returned +12.8% over the year to Sep 18, 2026, so FTQI returned more.
- Which is cheaper, FTQI or PAPI?
- FTQI charges 0.75% 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, FTQI against PAPI, data as of Sep 18, 2026. https://etfiq.com/compare/income/ftqi-vs-papi Free to use with attribution; the underlying files are at Open data.