Data as of .
KNG vs PAPI: which paid, and which earned it?
Over the year KNG paid 8.5% of its price in cash against PAPI’s 7.9%, though PAPI returned more with it reinvested.
ETFIQ Return Stability Score: PAPI 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, KNG and PAPI hold 18% of their money in the same securities at the same weight.
| Holding | KNG | PAPI |
|---|---|---|
| Target Corporation | 1.67% | 0.67% |
| International Business Machines Corporat | 1.62% | 0.65% |
| AbbVie Inc. | 1.52% | 0.64% |
| Hormel Foods Corporation | 1.20% | 0.60% |
| Automatic Data Processing, Inc. | 1.62% | 0.60% |
| Cardinal Health, Inc. | 1.49% | 0.59% |
| T. Rowe Price Group, Inc. | 1.31% | 0.58% |
| Cincinnati Financial Corporation | 1.37% | 0.58% |
| Archer-Daniels-Midland Company | 1.71% | 0.58% |
| Kimberly-Clark Corporation | 1.31% | 0.57% |
| Genuine Parts Company | 1.55% | 0.57% |
| The Coca-Cola Company | 1.56% | 0.56% |
| Only in KNG | Only in PAPI |
|---|---|
| Nucor Corporation 1.85% | Corning, Inc. 1.01% |
| West Pharmaceutical Services, Inc. 1.77% | TD SYNNEX Corp. 0.81% |
| Chubb Limited 1.74% | Cisco Systems, Inc. 0.77% |
| Walmart Inc. 1.71% | Power Integrations, Inc. 0.73% |
| FactSet Research Systems Inc. 1.69% | Royalty Pharma plc 0.73% |
| Erie Indemnity Company 1.65% | Millicom International Cellular SA 0.72% |
| Emerson Electric Co. 1.56% | Avnet, Inc. 0.71% |
| Nordson Corporation 1.56% | 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 Jun 30, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| KNG | PAPI | KNG | PAPI | KNG | PAPI | |
| 3 months | +1.8% | +4.7% | 2.2% | 2.0% | −0.1 pts | +2.5 pts |
| 6 months | +7.1% | +5.6% | 4.4% | 4.0% | −0.9 pts | −12.4 pts |
| 1 year | +8.3% | +12.8% | 8.5% | 7.9% | −1.6 pts | −3.8 pts |
| 3 years | +24.0% | not published | 25.4% | not published | −4.3 pts | not published |
| Since launch | +101.5% | +35.6% | 59.4% | 22.5% | −15.2 pts | −49.6 pts |
| 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 Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | First Trust | Parametric |
| Strategy | dividend stocks with call overlay | covered call |
| Benchmark | S&P 500 Dividend Aristocrats (NOBL) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 8.8% | 7.2% |
| Expense ratio | 0.74% | 0.29% |
| Cash paid, 1 year | 8.5% | 7.9% |
| Price change, 1 year | −0.4% | +4.5% |
| Total return, 1 year | +8.3% | +12.8% |
| Benchmark return, 1 year | +9.9% | +16.6% |
| Ahead or behind | −1.6 pts | −3.8 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 3097 days | 1065 days |
| Net assets | $3.3bn | $400m |
KNG in plain words
Over the year to Sep 18, 2026, KNG paid 8.5% of its starting value in cash distributions while its price fell 0.4%. With every distribution reinvested, the fund returned +8.3%. S&P 500 Dividend Aristocrats (NOBL) returned +9.9% over the same days, so a holder was behind by 1.6 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 8.8%, 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, KNG or PAPI?
- Over the year to Sep 18, 2026, KNG paid 8.5% of its starting price in cash and PAPI paid 7.9%, 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 +8.3% and PAPI returned +12.8% over the year to Sep 18, 2026, so PAPI returned more.
- 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
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, KNG against PAPI, data as of Sep 18, 2026. https://etfiq.com/compare/income/kng-vs-papi Free to use with attribution; the underlying files are at Open data.