Which paid more, OCTH or PAPI?

Over the year to Nov 4, 2026, OCTH paid 6.5% of its starting price in cash and PAPI paid 8.2%, so PAPI paid more. Cash paid is not the same as money made: the price change matters too.

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

With every distribution reinvested, OCTH returned +7.5% and PAPI +23.4% over the year to Nov 4, 2026.

Which is cheaper, OCTH or PAPI?

OCTH 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

OCTH vs PAPI: Dividend Yield & Total Return

Share on X Download as PDF

Over the year to Nov 4, 2026, PAPI paid 8.2% of its price in cash against OCTH’s 6.5%, and returned more with it reinvested.

askIQ about this page

askIQ about OCTH and PAPI

Net assets: $16m on Nov 4, 2026 for Innovator Premium Income 20 Barrier ETF - October, and $400m on Jun 30, 2026 for Parametric Equity Premium Income ETF.

OCTH on its own →PAPI on its own →

At a glance

6.5%

OCTH cash paid, 1 year

8.2%

PAPI cash paid, 1 year

+7.5%

OCTH total return, 1 year

+23.4%

PAPI total return, 1 year

OCTH · 1 year to Nov 4, 2026 7.3 pts behind SPY

OCTH

+7.5%

SPY

+14.8%

7.3 pts behind SPY

OCTH over 1 year: paid 6.5%, price +0.8%, total +7.5%, SPY +14.8%, −7.3 pts. Data to Nov 4, 2026.

SPY

+14.8%

OCTH

+7.5%

6.5% as cash

7.3 pts behind SPY

Total return, distributions reinvested

7.3 pts behind SPY

OCTH over 1 year: paid 6.5%, price +0.8%, total +7.5%, SPY +14.8%, −7.3 pts. Data to Nov 4, 2026.

SPY

+14.8%

OCTH

+7.5%

7.3 pts behind SPY

6.5% of it arrived as cash. Total return, distributions reinvested. OCTH over 1 year: paid 6.5%, price +0.8%, total +7.5%, SPY +14.8%, −7.3 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 0.50 points a year less; their one-year returns differ by 15.9 points.

Points (pts) are percentage points.

OCTH vs PAPI: Dividend Yield & Total Return
Measure	OCTH	PAPI
Paid and earned
Measure	OCTH	PAPI
Total return, 1 year	+7.5%	+23.4%
Price change, 1 year	rose 0.8%	rose 14.3%
Return of capital, issuer estimate	51% of the Oct 2, 2026 payment
Against its benchmark
Measure	OCTH	PAPI
Benchmark	S&P 500, measured through SPY	iShares Russell 1000 Value ETF, measured through IWD
Cost and size
Measure	OCTH	PAPI
Expense ratio	0.79%	0.29%
Net assets, OCTH as of Nov 4, 2026 and PAPI as of Jun 30, 2026	$16m	$400m
Holdings
Measure	OCTH	PAPI
Holdings in common	0%

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

IQ Income Score68OCTH96.1PAPI

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

OCTH 68

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

By the books each fund has filed, OCTH and PAPI hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first OCTH PAPI

Only in one fund ↓

Only in OCTH

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

OCTH Innovator Premium Income 20 Barrier ETF - October · Defined income on SPY, paying quarterly PAPI Parametric Equity Premium Income ETF · Writes options on the S&P 500, measured against the Russell 1000 Value Index, paying monthly

Issuer Innovator Parametric

Strategy defined income covered call

Benchmark S&P 500 (SPY) iShares Russell 1000 Value ETF (IWD)

Pays quarterly monthly

Payout rate, annualized 6.4% 6.8%

Expense ratio 0.79% 0.29%

Cash paid, 1 year 6.5% 8.2%

Price change, 1 year +0.8% +14.3%

Total return, 1 year +7.5% +23.4%

Benchmark return, 1 year +14.8% +32.8%

Ahead or behind −7.3 pts −9.4 pts

Return of capital, latest estimate 51% not published

Age 3.1 years 3.0 years

Net assets, OCTH as of Nov 4, 2026 and PAPI as of Jun 30, 2026 $16m $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: OCTH vs PAPI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	OCTH	PAPI	OCTH	PAPI	OCTH	PAPI
3 months	+1.2%	+6.6%	1.6%	1.8%	+1.4 pts	+2.6 pts
6 months	+2.9%	+13.2%	3.2%	3.9%	−2.2 pts	−0.7 pts
1 year	+7.5%	+23.4%	6.5%	8.2%	−7.3 pts	−9.4 pts
3 years	+22.0%	+44.5%	20.4%	23.7%	−60.9 pts	−39.8 pts
Since launchNot the same days: OCTH Oct 2023 · PAPI Oct 2023	+23.8%	+45.5%	20.7%	23.9%	−62.2 pts	−42.4 pts

Open this comparison in the app →

Alert

About each fund

OCTH

Over the year to Nov 4, 2026, OCTH paid 6.5% of its starting value in cash distributions while its price rose 0.8%. With every distribution reinvested, the fund returned +7.5%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 7.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 6.4%, paid quarterly. Innovator estimates that 51% of the distribution paid Oct 2, 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, OCTH or PAPI?: Over the year to Nov 4, 2026, OCTH paid 6.5% of its starting price in cash and PAPI paid 8.2%, so PAPI paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, OCTH or PAPI?: With every distribution reinvested, OCTH returned +7.5% and PAPI +23.4% over the year to Nov 4, 2026.
Which is cheaper, OCTH or PAPI?: OCTH charges 0.79% a year and PAPI charges 0.29%, so PAPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

OCTH vs YLDE OCTH vs SDVD OCTH vs RDVI OCTH vs PCOV PAPI vs ACSP PAPI vs XRMI PAPI vs WDTE PAPI vs BALI

Where to next

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

Sources and dates

OCTH filings on SEC EDGAR ↗

OCTH prospectus with the expense ratio (SEC) ↗

OCTH 19a-1 distribution notice ↗

Innovator page for OCTH ↗

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

Open data →

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