Which paid more, OMAH or PAPI?

Over the year to Nov 4, 2026, OMAH paid 14.7% of its starting price in cash and PAPI paid 8.2%, so OMAH paid more. Cash paid is not the same as money made: the price change matters too.

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

With every distribution reinvested, OMAH returned +13.5% and PAPI +23.4% over the year to Nov 4, 2026.

Which is cheaper, OMAH or PAPI?

OMAH charges 0.98% 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

OMAH vs PAPI: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, OMAH paid 14.7% of its price in cash against PAPI’s 8.2%, though PAPI returned more with it reinvested.

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Net assets: $1.1bn on Nov 3, 2026 for VistaShares Target 15 Berkshire Select Income ETF, and $400m on Jun 30, 2026 for Parametric Equity Premium Income ETF.

OMAH on its own →PAPI on its own →

At a glance

14.7%

OMAH cash paid, 1 year

8.2%

PAPI cash paid, 1 year

+13.5%

OMAH total return, 1 year

+23.4%

PAPI total return, 1 year

OMAH · 1 year to Nov 4, 2026 1.3 pts behind SPY

OMAH

+13.5%

SPY

+14.8%

1.3 pts behind SPY

OMAH over 1 year: paid 14.7%, price −2.4%, total +13.5%, SPY +14.8%, −1.3 pts. Data to Nov 4, 2026.

SPY

+14.8%

OMAH

+13.5%

14.7% of it arrived as cash

1.3 pts behind SPY

Total return, distributions reinvested

1.3 pts behind SPY

OMAH over 1 year: paid 14.7%, price −2.4%, total +13.5%, SPY +14.8%, −1.3 pts. Data to Nov 4, 2026.

SPY

+14.8%

OMAH

+13.5%

1.3 pts behind SPY

14.7% of it arrived as cash. Total return, distributions reinvested. OMAH over 1 year: paid 14.7%, price −2.4%, total +13.5%, SPY +14.8%, −1.3 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, 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 0.69 points a year less; their one-year returns differ by 9.9 points.

Points (pts) are percentage points.

OMAH vs PAPI: Dividend Yield & Total Return
Measure	OMAH	PAPI
Paid and earned
Measure	OMAH	PAPI
Total return, 1 year	+13.5%	+23.4%
Price change, 1 year	fell 2.4%	rose 14.3%
Return of capital, issuer estimate	100% of the Oct 27, 2026 payment
Against its benchmark
Measure	OMAH	PAPI
Benchmark	S&P 500, measured through SPY	iShares Russell 1000 Value ETF, measured through IWD
Cost and size
Measure	OMAH	PAPI
Expense ratio	0.98%	0.29%
Net assets, OMAH as of Nov 3, 2026 and PAPI as of Jun 30, 2026	$1.1bn	$400m
Holdings
Measure	OMAH	PAPI
Holdings in common	3%

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

IQ Income Score53OMAH96.1PAPI

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

OMAH 53

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, OMAH and PAPI hold 3% 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

3% in common

Positions both hold · largest shared weight first OMAH PAPI

Alphabet Inc 3.58% 0.59%

Coca-Cola Co 5.08% 0.56%

Kraft Heinz Co 4.40% 0.55%

New York Times Co 2.51% 0.47%

Chevron Corp 4.66% 0.45%

Lennar Corp 2.43% 0.40%

Only in one fund ↓

Only in OMAH

Berkshire Hathaway Inc 10.99%

Apple Inc 10.43%

American Express Co 6.64%

Kroger Co 5.21%

Sirius XM Holdings Inc 4.97%

VeriSign Inc 4.86%

Moody's Corp 4.72%

DAVITA INC 4.71%

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

OMAH VistaShares Target 15 Berkshire Select Income ETF · Covered call on SPY, 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 VistaShares Parametric

Strategy covered call covered call

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

Pays monthly monthly

Payout rate, annualized 15.0% 6.8%

Expense ratio 0.98% 0.29%

Cash paid, 1 year 14.7% 8.2%

Price change, 1 year −2.4% +14.3%

Total return, 1 year +13.5% +23.4%

Benchmark return, 1 year +14.8% +32.8%

Ahead or behind −1.3 pts −9.4 pts

Return of capital, latest estimate 100% not published

Age 1.7 years 3.0 years

Net assets, OMAH as of Nov 3, 2026 and PAPI as of Jun 30, 2026 $1.1bn $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: OMAH vs PAPI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	OMAH	PAPI	OMAH	PAPI	OMAH	PAPI
3 months	+2.5%	+6.6%	3.7%	1.8%	+2.6 pts	+2.6 pts
6 months	+6.2%	+13.2%	7.4%	3.9%	+1.2 pts	−0.7 pts
1 year	+13.5%	+23.4%	14.7%	8.2%	−1.3 pts	−9.4 pts
3 years	–	+44.5%	–	23.7%	–	−39.8 pts
Since launchNot the same days: OMAH Mar 2025 · PAPI Oct 2023	+19.2%	+45.5%	23.7%	23.9%	−14.9 pts	−42.4 pts

– means no data for this window. Open this comparison in the app →

Alert

About each fund

OMAH

Over the year to Nov 4, 2026, OMAH paid 14.7% of its starting value in cash distributions while its price fell 2.4%. With every distribution reinvested, the fund returned +13.5%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 1.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 15.0%, paid monthly. VistaShares estimates that 100% of the distribution paid Oct 27, 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, OMAH or PAPI?: Over the year to Nov 4, 2026, OMAH paid 14.7% of its starting price in cash and PAPI paid 8.2%, so OMAH paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, OMAH or PAPI?: With every distribution reinvested, OMAH returned +13.5% and PAPI +23.4% over the year to Nov 4, 2026.
Which is cheaper, OMAH or PAPI?: OMAH charges 0.98% a year and PAPI charges 0.29%, so PAPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

OMAH vs SDVD OMAH vs RDVI OMAH vs CDPI OMAH vs QQDH PAPI vs ROCY PAPI vs BALI PAPI vs XYLD PAPI vs DIVO

Where to next

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

Sources and dates

OMAH filings on SEC EDGAR ↗

OMAH prospectus with the expense ratio (SEC) ↗

OMAH 19a-1 distribution notice ↗

VistaShares page for OMAH ↗

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

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