Data as of .
IQQQ vs PAPI: which paid, and which earned it?
Over the year PAPI paid 7.9% of its price in cash against IQQQ’s 6.5%, though IQQQ returned more with it reinvested.
ETFIQ Return Stability Score: IQQQ 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, IQQQ and PAPI hold 8% of their money in the same securities at the same weight.
| Holding | IQQQ | PAPI |
|---|---|---|
| Cisco Systems, Inc. | 1.93% | 0.77% |
| Texas Instruments, Inc. | 1.13% | 0.71% |
| Analog Devices, Inc. | 0.82% | 0.63% |
| Alphabet, Inc. | 3.25% | 0.59% |
| QUALCOMM, Inc. | 1.09% | 0.58% |
| Linde plc | 0.94% | 0.54% |
| Costco Wholesale Corp. | 1.72% | 0.49% |
| Gilead Sciences, Inc. | 0.68% | 0.49% |
| PepsiCo, Inc. | 0.80% | 0.46% |
| Microsoft Corp. | 4.92% | 0.39% |
| Automatic Data Processing, Inc. | 0.36% | 0.60% |
| Comcast Corp. | 0.36% | 0.40% |
| Only in IQQQ | Only in PAPI |
|---|---|
| ProShares GENIUS Money Market ETF 7.60% | Corning, Inc. 1.01% |
| NVIDIA Corp. 7.54% | TD SYNNEX Corp. 0.81% |
| Apple, Inc. 6.74% | Power Integrations, Inc. 0.73% |
| Micron Technology, Inc. 4.44% | Royalty Pharma plc 0.73% |
| Amazon.com, Inc. 4.27% | Millicom International Cellular SA 0.72% |
| Advanced Micro Devices, Inc. 3.41% | Avnet, Inc. 0.71% |
| Tesla, Inc. 3.20% | Cummins, Inc. 0.70% |
| Broadcom, Inc. 3.11% | 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 May 31, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| IQQQ | PAPI | IQQQ | PAPI | IQQQ | PAPI | |
| 3 months | −3.1% | +4.7% | 1.8% | 2.0% | −0.6 pts | +2.5 pts |
| 6 months | +19.1% | +5.6% | 4.2% | 4.0% | −5.1 pts | −12.4 pts |
| 1 year | +17.7% | +12.8% | 6.5% | 7.9% | −4.1 pts | −3.8 pts |
| Since launch | +51.5% | +35.6% | 24.4% | 22.5% | −13.0 pts | −49.6 pts |
| IQQQ ProShares Nasdaq-100 High Income ETF Option income on QQQ, paying monthly | PAPI Parametric Equity Premium Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | ProShares | Parametric |
| Strategy | option income | covered call |
| Benchmark | Nasdaq-100 (QQQ) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 5.7% | 7.2% |
| Expense ratio | 0.97% | 0.29% |
| Cash paid, 1 year | 6.5% | 7.9% |
| Price change, 1 year | +10.8% | +4.5% |
| Total return, 1 year | +17.7% | +12.8% |
| Benchmark return, 1 year | +21.8% | +16.6% |
| Ahead or behind | −4.1 pts | −3.8 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 912 days | 1065 days |
| Net assets | $405m | $400m |
IQQQ in plain words
Over the year to Sep 18, 2026, IQQQ paid 6.5% of its starting value in cash distributions while its price rose 10.8%. With every distribution reinvested, the fund returned +17.7%. Nasdaq-100 (QQQ) returned +21.8% over the same days, so a holder was behind by 4.1 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 5.7%, 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, IQQQ or PAPI?
- Over the year to Sep 18, 2026, IQQQ paid 6.5% of its starting price in cash and PAPI paid 7.9%, so PAPI paid more. Cash paid is not the same as money made: the price change matters too.
- Which returned more once distributions are counted, IQQQ or PAPI?
- With every distribution reinvested, IQQQ returned +17.7% and PAPI returned +12.8% over the year to Sep 18, 2026, so IQQQ returned more.
- Which is cheaper, IQQQ or PAPI?
- IQQQ charges 0.97% 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, IQQQ against PAPI, data as of Sep 18, 2026. https://etfiq.com/compare/income/iqqq-vs-papi Free to use with attribution; the underlying files are at Open data.