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.

Data as of Nov 4, 2026.

Income ETFs

KIQQ vs PAPI: Dividend Yield & Total Return

KIQQ and PAPI both write options for income.

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Net assets: $2.4m on Nov 4, 2026 for KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF, and $400m on Jun 30, 2026 for Parametric Equity Premium Income ETF.

KIQQ on its own →PAPI on its own →

At a glance

6.9%

KIQQ cash paid, since launch, Jan 7, 2026

8.2%

PAPI cash paid, 1 year

+0.9%

KIQQ total return, since launch, Jan 7, 2026

+23.4%

PAPI total return, 1 year

KIQQ · since launch to Nov 4, 2026 10.4 pts behind QQQ

KIQQ

+0.9%

QQQ

+11.3%

10.4 pts behind QQQ

KIQQ since launch: paid 6.9%, price −6.0%, total +0.9%, QQQ +11.3%, −10.4 pts. Data to Nov 4, 2026.

QQQ

+11.3%

KIQQ

+0.9%

10.4 pts behind QQQ

Total return, distributions reinvested

10.4 pts behind QQQ

KIQQ since launch: paid 6.9%, price −6.0%, total +0.9%, QQQ +11.3%, −10.4 pts. Data to Nov 4, 2026.

QQQ

+11.3%

KIQQ

+0.9%

10.4 pts behind QQQ

6.9% of it arrived as cash. Total return, distributions reinvested. KIQQ since launch: paid 6.9%, price −6.0%, total +0.9%, QQQ +11.3%, −10.4 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, with zero at the line. PAPI over 1 year: paid 8.2%, price +14.3%, total +23.4%, IWD +32.8%, −9.4 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

PAPI costs 0.50 points a year less.

Points (pts) are percentage points.

KIQQ vs PAPI: Dividend Yield & Total Return
Measure	KIQQ	PAPI
Paid and earned
Measure	KIQQ	PAPI
Total return, 1 year	not published	+23.4%
Price change	fell 6.0% (since Jan 7, 2026)	rose 14.3% (1 year)
Against its benchmark
Measure	KIQQ	PAPI
Benchmark	Nasdaq-100, measured through QQQ	iShares Russell 1000 Value ETF, measured through IWD
Cost and size
Measure	KIQQ	PAPI
Expense ratio	0.79%	0.29%
Net assets, KIQQ as of Nov 4, 2026 and PAPI as of Jun 30, 2026	$2.4m	$400m
Holdings
Measure	KIQQ	PAPI
Holdings in common	8%

Method

What they share

By the books each fund has filed, KIQQ and PAPI hold 8% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 4, 2026.

50%

0 half 100%

half

8% in common

Positions both hold · largest shared weight first KIQQ PAPI

CISCO SYSTEMS INC 1.98% 0.76%

TEXAS INSTRUMENTS INC 1.38% 0.70%

ANALOG DEVICES INC 0.95% 0.62%

AUTOMATIC DATA PROCESSING 0.59% 0.59%

ALPHABET INC-CL A 2.99% 0.59%

QUALCOMM INC 0.94% 0.58%

LINDE PLC 1.18% 0.54%

COSTCO WHOLESALE CORP 2.27% 0.48%

GILEAD SCIENCES INC 1.04% 0.48%

PEPSICO INC 0.94% 0.46%

COMCAST CORP-CLASS A 0.43% 0.39%

MICROSOFT CORP 7.18% 0.39%

Only in one fund ↓

Only in KIQQ

+NDXDBHIO/-FED FUNDS 97.94%

APPLE INC 9.00%

NVIDIA CORP 8.54%

AMAZON.COM INC 4.97%

MICRON TECHNOLOGY INC 4.32%

ADVANCED MICRO DEVICES 3.92%

TESLA INC 3.55%

META PLATFORMS INC 3.37%

Only in PAPI

Corning, Inc. 1.00%

TD SYNNEX Corp. 0.80%

Power Integrations, Inc. 0.73%

Royalty Pharma plc 0.72%

Millicom International Cellular SA 0.72%

Avnet, Inc. 0.70%

Cummins, Inc. 0.70%

Reynolds Consumer Products, Inc. 0.68%

Check overlap with more funds →

Side by side

KIQQ KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF · Buffer with income on QQQ, 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 KraneShares Parametric

Strategy buffer with income covered call

Benchmark Nasdaq-100 (QQQ) iShares Russell 1000 Value ETF (IWD)

Pays monthly monthly

Payout rate, annualized 7.5% 6.8%

Expense ratio 0.79% 0.29%

Cash paid, 1 year 6.9% (since launch, Jan 7, 2026) 8.2%

Price change, 1 year −6.0% (since launch, Jan 7, 2026) +14.3%

Total return, 1 year +0.9% (since launch, Jan 7, 2026) +23.4%

Benchmark return, 1 year +11.3% (since launch, Jan 7, 2026) +32.8%

Ahead or behind −10.4 pts (since launch, Jan 7, 2026) −9.4 pts

Return of capital, latest estimate 99% not published

Age 301 days 3.0 years

Net assets, KIQQ as of Nov 4, 2026 and PAPI as of Jun 30, 2026 $2.4m $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: KIQQ vs PAPI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	KIQQ	PAPI	KIQQ	PAPI	KIQQ	PAPI
3 months	−3.7%	+6.6%	1.7%	1.8%	−0.2 pts	+2.6 pts
6 months	−4.4%	+13.2%	3.7%	3.9%	−4.0 pts	−0.7 pts
1 year	–	+23.4%	–	8.2%	–	−9.4 pts
3 years	–	+44.5%	–	23.7%	–	−39.8 pts
Since launchNot the same days: KIQQ Jan 2026 · PAPI Oct 2023	+0.9%	+45.5%	6.9%	23.9%	−10.4 pts	−42.4 pts

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Alert

About each fund

KIQQ

Over the period from its first trade on Jan 7, 2026 to Nov 4, 2026, KIQQ paid 6.9% of its starting value in cash distributions while its price fell 6.0%. With every distribution reinvested, the fund returned +0.9%. Nasdaq-100 (QQQ) returned +11.3% over the same days, so a holder was behind by 10.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 7.5%, paid monthly. KraneShares estimates that 99% of the distribution paid Sep 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 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

KIQQ vs RECI KIQQ vs TMGN KIQQ vs VOOY KIQQ vs YLDE PAPI vs QRMI PAPI vs QDTY PAPI vs QLDY PAPI vs QQQY

Where to next

Nasdaq-100 (QQQ) →iShares Russell 1000 Value ETF (IWD) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →KIQQ on its own →PAPI on its own →KIQQ dividend history →KIQQ holdings →PAPI dividend history →PAPI holdings →Method →Standards and sources →

Sources and dates

KIQQ filings on SEC EDGAR ↗

KIQQ prospectus with the expense ratio (SEC) ↗

KIQQ 19a-1 distribution notice ↗

KraneShares page for KIQQ ↗

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

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

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