Which paid more, KNG or PAPI?

Over the year to Nov 4, 2026, KNG paid 8.8% of its starting price in cash and PAPI paid 8.2%, so KNG paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, KNG or PAPI?

With every distribution reinvested, KNG returned +20.8% and PAPI +23.4% over the year to Nov 4, 2026.

Which is cheaper, KNG or PAPI?

KNG charges 0.74% 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

KNG vs PAPI: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, KNG paid 8.8% of its price in cash against PAPI’s 8.2%, though PAPI returned more with it reinvested.

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Net assets: $3.4bn on Nov 3, 2026 for FT Vest S&P 500 Dividend Aristocrats Target Income ETF, and $400m on Jun 30, 2026 for Parametric Equity Premium Income ETF.

KNG on its own →PAPI on its own →

At a glance

8.8%

KNG cash paid, 1 year

8.2%

PAPI cash paid, 1 year

+20.8%

KNG total return, 1 year

+23.4%

PAPI total return, 1 year

KNG · 1 year to Nov 4, 2026 3.1 pts behind NOBL

KNG

+20.8%

NOBL

+23.9%

3.1 pts behind NOBL

KNG over 1 year: paid 8.8%, price +11.1%, total +20.8%, NOBL +23.9%, −3.1 pts. Data to Nov 4, 2026.

NOBL

+23.9%

KNG

+20.8%

8.8% as cash

3.1 pts behind NOBL

Total return, distributions reinvested

3.1 pts behind NOBL

KNG over 1 year: paid 8.8%, price +11.1%, total +20.8%, NOBL +23.9%, −3.1 pts. Data to Nov 4, 2026.

NOBL

+23.9%

KNG

+20.8%

3.1 pts behind NOBL

8.8% of it arrived as cash. Total return, distributions reinvested. KNG over 1 year: paid 8.8%, price +11.1%, total +20.8%, NOBL +23.9%, −3.1 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, 0 to +32.8%. PAPI over 1 year: paid 8.2%, price +14.3%, total +23.4%, IWD +32.8%, −9.4 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +32.8%. Data to Nov 4, 2026.

Pair scorecard

PAPI costs 0.45 points a year less; their one-year returns differ by 2.6 points.

Points (pts) are percentage points.

KNG vs PAPI: Dividend Yield & Total Return
Measure	KNG	PAPI
Paid and earned
Measure	KNG	PAPI
Total return, 1 year	+20.8%	+23.4%
Price change, 1 year	rose 11.1%	rose 14.3%
Against its benchmark
Measure	KNG	PAPI
Benchmark	S&P 500 Dividend Aristocrats, measured through NOBL	iShares Russell 1000 Value ETF, measured through IWD
Cost and size
Measure	KNG	PAPI
Expense ratio	0.74%	0.29%
Net assets, KNG as of Nov 3, 2026 and PAPI as of Jun 30, 2026	$3.4bn	$400m
Holdings
Measure	KNG	PAPI
Holdings in common	17%

ETFIQ Distribution Coverage Score · PAPI scores higher How much of what it paid out did its total return cover?

IQ Income Score91.3KNG96.1PAPI

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

KNG 91.3

PAPI 96.1

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

What they share

17%

By the books each fund has filed, KNG and PAPI hold 17% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

50%

0 half 100%

half

17% in common

Positions both hold · largest shared weight first KNG PAPI

Target Corporation 1.45% 0.67%

International Business Machines Corporation 1.42% 0.64%

AbbVie Inc. 1.44% 0.64%

Hormel Foods Corporation 1.49% 0.60%

Automatic Data Processing, Inc. 1.44% 0.59%

Cardinal Health, Inc. 1.41% 0.59%

T. Rowe Price Group, Inc. 1.47% 0.58%

Cincinnati Financial Corporation 1.52% 0.57%

Archer-Daniels-Midland Company 1.27% 0.57%

Kimberly-Clark Corporation 1.40% 0.57%

Genuine Parts Company 1.42% 0.56%

The Coca-Cola Company 1.46% 0.56%

Only in one fund ↓

Only in KNG

Pentair plc 1.89%

Erie Indemnity Company 1.58%

Stanley Black & Decker, Inc. 1.57%

Lowe's Companies, Inc. 1.55%

NextEra Energy, Inc. 1.54%

A.O. Smith Corporation 1.53%

Dover Corporation 1.53%

McDonald's Corporation 1.53%

Only in PAPI

Corning, Inc. 1.00%

TD SYNNEX Corp. 0.80%

Cisco Systems, Inc. 0.76%

Power Integrations, Inc. 0.73%

Royalty Pharma plc 0.72%

Millicom International Cellular SA 0.72%

Avnet, Inc. 0.70%

Texas Instruments, Inc. 0.70%

Check overlap with more funds →

Side by side

KNG FT Vest S&P 500 Dividend Aristocrats Target Income ETF · Dividend stocks with call overlay on NOBL, 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 First Trust Parametric

Strategy dividend stocks with call overlay covered call

Benchmark S&P 500 Dividend Aristocrats (NOBL) iShares Russell 1000 Value ETF (IWD)

Pays monthly monthly

Payout rate, annualized 8.0% 6.8%

Expense ratio 0.74% 0.29%

Cash paid, 1 year 8.8% 8.2%

Price change, 1 year +11.1% +14.3%

Total return, 1 year +20.8% +23.4%

Benchmark return, 1 year +23.9% +32.8%

Ahead or behind −3.1 pts −9.4 pts

Return of capital, latest estimate 80% not published

Age 8.6 years 3.0 years

Net assets, KNG as of Nov 3, 2026 and PAPI as of Jun 30, 2026 $3.4bn $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: KNG vs PAPI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	KNG	PAPI	KNG	PAPI	KNG	PAPI
3 months	+5.2%	+6.6%	2.0%	1.8%	−0.5 pts	+2.6 pts
6 months	+13.5%	+13.2%	4.3%	3.9%	−1.4 pts	−0.7 pts
1 year	+20.8%	+23.4%	8.8%	8.2%	−3.1 pts	−9.4 pts
3 years	+41.8%	+44.5%	26.9%	23.7%	−6.7 pts	−39.8 pts
Since launchNot the same days: KNG Mar 2018 · PAPI Oct 2023	+120.8%	+45.5%	61.2%	23.9%	−19.0 pts	−42.4 pts

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Alert

About each fund

KNG

Over the year to Nov 4, 2026, KNG paid 8.8% of its starting value in cash distributions while its price rose 11.1%. With every distribution reinvested, the fund returned +20.8%. S&P 500 Dividend Aristocrats (NOBL) returned +23.9% over the same days, so a holder was behind by 3.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.0%, paid monthly. First Trust estimates that 80% of the distribution paid Oct 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 paid more, KNG or PAPI?: Over the year to Nov 4, 2026, KNG paid 8.8% of its starting price in cash and PAPI paid 8.2%, so KNG paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, KNG or PAPI?: With every distribution reinvested, KNG returned +20.8% and PAPI +23.4% over the year to Nov 4, 2026.
Which is cheaper, KNG or PAPI?: KNG charges 0.74% a year and PAPI charges 0.29%, so PAPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

KNG vs YLDE KNG vs SDVD KNG vs MAGY KNG vs VAIE PAPI vs QQDH PAPI vs RECI PAPI vs TMGN PAPI vs VOOY

Where to next

S&P 500 Dividend Aristocrats (NOBL) →iShares Russell 1000 Value ETF (IWD) →KNG on its own →PAPI on its own →KNG dividend history →KNG holdings →PAPI dividend history →PAPI holdings →Method →Standards and sources →

Sources and dates

KNG filings on SEC EDGAR ↗

KNG prospectus with the expense ratio (SEC) ↗

KNG 19a-1 distribution notice ↗

First Trust page for KNG ↗

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

It is a place in a set, not a rating or a recommendation.

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

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