Data as of Nov 12, 2026.
MPIM vs PAPI: Dividend Yield & Total Return
Return, fees and overlap, side by side.
Pair scorecard
PAPI costs 0.41 points a year less.
Points (pts) are percentage points.
| Measure | MPIM | PAPI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +18.5% |
| Price change | fell 12.8% (since Aug 12, 2026) | rose 9.8% (1 year) |
| Against its benchmark | ||
| Benchmark | not published | iShares Russell 1000 Value ETF, measured through IWD |
| Cost and size | ||
| Expense ratio | 0.70% | 0.29% |
| Net assets | not read by ETFIQ | $400m |
| Holdings | ||
| Holdings in common | not published | |
Not measured
MPIM since launch: paid 3.0%, price −12.8%, total −10.0%, not measured against a benchmark. Data to Nov 12, 2026.
MPIM
−10.0%
Total return, distributions reinvested
Not measured
MPIM since launch: paid 3.0%, price −12.8%, total −10.0%, not measured against a benchmark. Data to Nov 12, 2026.
MPIM
−10.0%
3.0% of it arrived as cash. Total return, distributions reinvested. MPIM since launch: paid 3.0%, price −12.8%, total −10.0%, not measured against a benchmark. Data to Nov 12, 2026.
Data to Nov 12, 2026.9.8 pts behind IWD
PAPI over 1 year: paid 8.0%, price +9.8%, total +18.5%, IWD +28.3%, −9.8 pts. Data to Nov 12, 2026.
IWD
+28.3%
PAPI
+18.5%
8.0% as cash
9.8 pts behind IWD
Total return, distributions reinvested
9.8 pts behind IWD
PAPI over 1 year: paid 8.0%, price +9.8%, total +18.5%, IWD +28.3%, −9.8 pts. Data to Nov 12, 2026.
IWD
+28.3%
PAPI
+18.5%
9.8 pts behind IWD
8.0% of it arrived as cash. Both charts share one scale, with zero at the line. PAPI over 1 year: paid 8.0%, price +9.8%, total +18.5%, IWD +28.3%, −9.8 pts. Data to Nov 12, 2026.
Data to Nov 12, 2026.Side by side
As of Nov 12, 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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | MPIM | PAPI | MPIM | PAPI | MPIM | PAPI |
| 3 months | −10.6% | +3.9% | 3.0% | 1.8% | not measured | +1.9 pts |
| 6 months | – | +13.4% | – | 3.9% | – | +0.9 pts |
| 1 year | – | +18.5% | – | 8.0% | – | −9.8 pts |
| 3 years | – | +46.0% | – | 24.3% | – | −38.4 pts |
| Since launchNot the same days: MPIM Aug 2026 · PAPI Oct 2023 | −10.0% | +43.6% | 3.0% | 23.9% | not measured | −42.5 pts |
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MPIM
Over the period from its first trade on Aug 12, 2026 to Nov 12, 2026, MPIM paid 3.0% of its starting value in cash distributions while its price fell 12.8%. With every distribution reinvested, the fund returned −10.0%. At its price on Nov 12, 2026 the latest distribution annualizes to 17.0%, paid periodically.
PAPI
Over the year to Nov 12, 2026, PAPI paid 8.0% of its starting value in cash distributions while its price rose 9.8%. With every distribution reinvested, the fund returned +18.5%. iShares Russell 1000 Value ETF (IWD) returned +28.3% over the same days, so a holder was behind by 9.8 pts. At its price on Nov 12, 2026 the latest distribution annualizes to 6.9%, paid monthly.
Questions people ask
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How this is computed
Every number is an ETFIQ calculation with distributions reinvested.
Cite this pageCitation, APA and Markdown
ETFIQ, MPIM against PAPI, data as of Nov 12, 2026. https://etfiq.com/compare/income/mpim-vs-papi
ETFIQ. (Nov 12, 2026). MPIM against PAPI. Retrieved from https://etfiq.com/compare/income/mpim-vs-papi
[MPIM against PAPI (ETFIQ, Nov 12, 2026)](https://etfiq.com/compare/income/mpim-vs-papi)
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MPIM and PAPI both write options for income.
MPIM and PAPI
Total return, distributions reinvested, 3 months.
MPIM −10.6%, PAPI +3.9%: PAPI +14.5 pts ahead, 3 months, Aug 13, 2026 to Nov 12, 2026.