Data as of .
KIQQ vs PAPI: which paid, and which earned it?
KIQQ and PAPI both write options for income.
What they hold in common
By the books each fund has filed, KIQQ and PAPI hold 6% of their money in the same securities at the same weight.
| Holding | KIQQ | PAPI |
|---|---|---|
| CISCO SYSTEMS INC | 2.00% | 0.77% |
| TEXAS INSTRUMENTS INC | 1.09% | 0.71% |
| ANALOG DEVICES INC | 0.82% | 0.63% |
| QUALCOMM INC | 0.89% | 0.58% |
| LINDE PLC | 0.97% | 0.54% |
| COSTCO WHOLESALE CORP | 1.82% | 0.49% |
| GILEAD SCIENCES INC | 0.85% | 0.49% |
| PEPSICO INC | 0.84% | 0.46% |
| MICROSOFT CORP | 6.17% | 0.39% |
| INTUIT INC | 0.40% | 0.35% |
| FASTENAL CO | 0.27% | 0.56% |
| KEURIG DR PEPPER INC | 0.20% | 0.58% |
| Only in KIQQ | Only in PAPI |
|---|---|
| +NDXDBHIO/-FED FUNDS 100.58% | Corning, Inc. 1.01% |
| NVIDIA CORP 8.90% | TD SYNNEX Corp. 0.81% |
| APPLE INC 8.20% | Power Integrations, Inc. 0.73% |
| MICRON TECHNOLOGY INC 5.14% | Royalty Pharma plc 0.73% |
| AMAZON.COM INC 4.50% | Millicom International Cellular SA 0.72% |
| ADVANCED MICRO DEVICES 4.21% | Avnet, Inc. 0.71% |
| ALPHABET INC-CL A 3.40% | Cummins, Inc. 0.70% |
| META PLATFORMS INC 3.31% | 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 | |||
|---|---|---|---|---|---|---|
| KIQQ | PAPI | KIQQ | PAPI | KIQQ | PAPI | |
| 3 months | −3.2% | +4.7% | 1.9% | 2.0% | −0.7 pts | +2.5 pts |
| 6 months | +11.9% | +5.6% | 4.5% | 4.0% | −12.3 pts | −12.4 pts |
| 1 year | not published | +12.8% | not published | 7.9% | not published | −3.8 pts |
| Since launch | +6.0% | +35.6% | 5.8% | 22.5% | −9.9 pts | −49.6 pts |
| KIQQ KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF Buffer with income on QQQ, paying monthly | PAPI Parametric Equity Premium Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | KraneShares | Parametric |
| Strategy | buffer with income | covered call |
| Benchmark | Nasdaq-100 (QQQ) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 6.3% | 7.2% |
| Expense ratio | 0.79% | 0.29% |
| Cash paid, 1 year | 5.8% (since launch on Jan 7, 2026) | 7.9% |
| Price change, 1 year | −0.1% | +4.5% |
| Total return, 1 year | +6.0% (since launch on Jan 7, 2026) | +12.8% |
| Benchmark return, 1 year | +15.9% | +16.6% |
| Ahead or behind | −9.9 pts | −3.8 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 254 days | 1065 days |
| Net assets | $3m | $400m |
KIQQ in plain words
Over the period since launch on Jan 7, 2026 to Sep 18, 2026, KIQQ paid 5.8% of its starting value in cash distributions while its price fell 0.1%. With every distribution reinvested, the fund returned +6.0%. Nasdaq-100 (QQQ) returned +15.9% over the same days, so a holder was behind by 9.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 6.3%, 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, KIQQ or PAPI?
- KIQQ charges 0.79% 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, KIQQ against PAPI, data as of Sep 18, 2026. https://etfiq.com/compare/income/kiqq-vs-papi Free to use with attribution; the underlying files are at Open data.