Which paid more, PAPI or QDTE?

Over the year to Nov 4, 2026, PAPI paid 8.2% of its starting price in cash and QDTE paid 34.7%, so QDTE paid more. Cash paid is not the same as money made: the price change matters too.

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

With every distribution reinvested, PAPI returned +23.4% and QDTE +13.7% over the year to Nov 4, 2026.

Which is cheaper, PAPI or QDTE?

PAPI charges 0.29% a year and QDTE charges 0.96%, so PAPI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

PAPI vs QDTE: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, QDTE paid 34.7% of its price in cash against PAPI’s 8.2%, though PAPI returned more with it reinvested.

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Net assets: $400m on Jun 30, 2026 for Parametric Equity Premium Income ETF, and $881m on Nov 4, 2026 for Roundhill Nasdaq-100 0DTE Covered Call Strategy ETF.

PAPI on its own →QDTE on its own →

At a glance

8.2%

PAPI cash paid, 1 year

34.7%

QDTE cash paid, 1 year

+23.4%

PAPI total return, 1 year

+13.7%

QDTE total return, 1 year

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. Total return, distributions reinvested. 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.

QDTE · 1 year to Nov 4, 2026 1.4 pts ahead of QQQ

QDTE

+13.7%

QQQ

+12.3%

1.4 pts ahead of QQQ

QDTE over 1 year: paid 34.7%, price −23.4%, total +13.7%, QQQ +12.3%, +1.4 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QDTE

+13.7%

34.7% of it arrived as cash

1.4 pts ahead of QQQ

Total return, distributions reinvested

1.4 pts ahead of QQQ

QDTE over 1 year: paid 34.7%, price −23.4%, total +13.7%, QQQ +12.3%, +1.4 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QDTE

+13.7%

1.4 pts ahead of QQQ

34.7% of it arrived as cash. Both charts share one scale, with zero at the line. QDTE over 1 year: paid 34.7%, price −23.4%, total +13.7%, QQQ +12.3%, +1.4 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

PAPI costs 0.67 points a year less; their one-year returns differ by 9.7 points.

Points (pts) are percentage points.

PAPI vs QDTE: Dividend Yield & Total Return
Measure	PAPI	QDTE
Paid and earned
Measure	PAPI	QDTE
Total return, 1 year	+23.4%	+13.7%
Price change, 1 year	rose 14.3%	fell 23.4%
Against its benchmark
Measure	PAPI	QDTE
Benchmark	iShares Russell 1000 Value ETF, measured through IWD	Nasdaq-100, measured through QQQ
Cost and size
Measure	PAPI	QDTE
Expense ratio	0.29%	0.96%
Net assets, PAPI as of Jun 30, 2026 and QDTE as of Nov 4, 2026	$400m	$881m
Holdings
Measure	PAPI	QDTE
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 Score96.1PAPI32.6QDTE

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

PAPI 96.1

QDTE 32.6

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, PAPI and QDTE hold 0% 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

0% in common

Positions both hold · largest shared weight first PAPI QDTE

Only in one fund ↓

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%

Only in QDTE

QQQ 11/19/2027 70.11 C 73.55%

QQQ 09/17/2027 70.69 C 17.69%

Check overlap with more funds →

Side by side

PAPI Parametric Equity Premium Income ETF · Writes options on the S&P 500, measured against the Russell 1000 Value Index, paying monthly QDTE Roundhill Nasdaq-100 0DTE Covered Call Strategy ETF · 0DTE covered call on QQQ, paying weekly

Issuer Parametric Roundhill

Strategy covered call 0DTE covered call

Benchmark iShares Russell 1000 Value ETF (IWD) Nasdaq-100 (QQQ)

Pays monthly weekly

Payout rate, annualized 6.8% 27.9%

Expense ratio 0.29% 0.96%

Cash paid, 1 year 8.2% 34.7%

Price change, 1 year +14.3% −23.4%

Total return, 1 year +23.4% +13.7%

Benchmark return, 1 year +32.8% +12.3%

Ahead or behind −9.4 pts +1.4 pts

Return of capital, latest estimate not published 100%

Age 3.0 years 2.7 years

Net assets, PAPI as of Jun 30, 2026 and QDTE as of Nov 4, 2026 $400m $881m

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: PAPI vs QDTE: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	PAPI	QDTE	PAPI	QDTE	PAPI	QDTE
3 months	+6.6%	−1.6%	1.8%	6.3%	+2.6 pts	+1.8 pts
6 months	+13.2%	+1.6%	3.9%	14.3%	−0.7 pts	+2.0 pts
1 year	+23.4%	+13.7%	8.2%	34.7%	−9.4 pts	+1.5 pts
3 years	+44.5%	–	23.7%	–	−39.8 pts	–
Since launchNot the same days: PAPI Oct 2023 · QDTE Mar 2024	+45.5%	+55.2%	23.9%	75.6%	−42.4 pts	−2.3 pts

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Alert

About each fund

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.

QDTE

Over the year to Nov 4, 2026, QDTE paid 34.7% of its starting value in cash distributions while its price fell 23.4%. With every distribution reinvested, the fund returned +13.7%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was ahead by 1.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 27.9%, paid weekly. Roundhill estimates that 100% 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.

Questions people ask

Which paid more, PAPI or QDTE?: Over the year to Nov 4, 2026, PAPI paid 8.2% of its starting price in cash and QDTE paid 34.7%, so QDTE paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, PAPI or QDTE?: With every distribution reinvested, PAPI returned +23.4% and QDTE +13.7% over the year to Nov 4, 2026.
Which is cheaper, PAPI or QDTE?: PAPI charges 0.29% a year and QDTE charges 0.96%, so PAPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

PAPI vs ROCQ PAPI vs XQQI PAPI vs TDAQ PAPI vs QYLG QDTE vs VOOY QDTE vs TSLY QDTE vs YLDE QDTE vs SDVD

Where to next

iShares Russell 1000 Value ETF (IWD) →Nasdaq-100 (QQQ) →PAPI on its own →QDTE on its own →PAPI dividend history →PAPI holdings →QDTE dividend history →QDTE holdings →Method →Standards and sources →

Sources and dates

PAPI filings on SEC EDGAR ↗

PAPI prospectus with the expense ratio (SEC) ↗

Parametric website ↗

QDTE filings on SEC EDGAR ↗

QDTE prospectus with the expense ratio (SEC) ↗

QDTE 19a-1 distribution notice ↗

Roundhill page for QDTE ↗

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

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