Data as of .
GRNI vs PAPI: which paid, and which earned it?
GRNI and PAPI both write options for income.
What they hold in common
By the books each fund has filed, GRNI and PAPI hold 5% of their money in the same securities at the same weight.
| Holding | GRNI | PAPI |
|---|---|---|
| Alphabet Inc | 2.96% | 0.59% |
| Packaging Corp of America | 2.08% | 0.57% |
| PPG Industries Inc | 1.98% | 0.56% |
| Air Products and Chemicals Inc | 2.48% | 0.51% |
| ONEOK Inc | 2.49% | 0.51% |
| TJX Cos Inc/The | 2.32% | 0.51% |
| Costco Wholesale Corp | 2.37% | 0.49% |
| Chevron Corp | 2.46% | 0.45% |
| Microsoft Corp | 2.37% | 0.39% |
| Only in GRNI | Only in PAPI |
|---|---|
| Advanced Micro Devices Inc 4.11% | Corning, Inc. 1.01% |
| Quanta Services Inc 3.23% | TD SYNNEX Corp. 0.81% |
| GE Vernova Inc 3.08% | Cisco Systems, Inc. 0.77% |
| Strategy Inc 3.04% | Power Integrations, Inc. 0.73% |
| Amazon.com Inc 2.99% | Royalty Pharma plc 0.73% |
| Broadcom Inc 2.90% | Millicom International Cellular SA 0.72% |
| Arista Networks Inc 2.86% | Avnet, Inc. 0.71% |
| Netflix Inc 2.79% | Texas Instruments, Inc. 0.71% |
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 Apr 30, 2026 and Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| GRNI | PAPI | GRNI | PAPI | GRNI | PAPI | |
| 3 months | +2.1% | +4.7% | 2.5% | 2.0% | −0.2 pts | +2.5 pts |
| 6 months | +16.3% | +5.6% | 5.4% | 4.0% | −1.8 pts | −12.4 pts |
| 1 year | not published | +12.8% | not published | 7.9% | not published | −3.8 pts |
| Since launch | +14.5% | +35.6% | 7.8% | 22.5% | −2.1 pts | −49.6 pts |
| GRNI Fundstrat Granny Shots US Large Cap & Income ETF Option income on SPY, paying monthly | PAPI Parametric Equity Premium Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | Fundstrat | Parametric |
| Strategy | option income | covered call |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 10.0% | 7.2% |
| Expense ratio | 0.99% | 0.29% |
| Cash paid, 1 year | 7.8% (since launch on Nov 18, 2025) | 7.9% |
| Price change, 1 year | +6.2% | +4.5% |
| Total return, 1 year | +14.5% (since launch on Nov 18, 2025) | +12.8% |
| Benchmark return, 1 year | +16.6% | +16.6% |
| Ahead or behind | −2.1 pts | −3.8 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 304 days | 1065 days |
| Net assets | $49m | $400m |
GRNI in plain words
Over the period since launch on Nov 18, 2025 to Sep 18, 2026, GRNI paid 7.8% of its starting value in cash distributions while its price rose 6.2%. With every distribution reinvested, the fund returned +14.5%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 2.1 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 10.0%, 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 is cheaper, GRNI or PAPI?
- GRNI charges 0.99% 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, GRNI against PAPI, data as of Sep 18, 2026. https://etfiq.com/compare/income/grni-vs-papi Free to use with attribution; the underlying files are at Open data.