Data as of .
PAPI vs QDTE: which paid, and which earned it?
Over the year QDTE paid 36.1% of its price in cash against PAPI’s 7.9%, and 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, PAPI and QDTE hold 0% of their money in the same securities at the same weight.
| Only in PAPI | Only in QDTE |
|---|---|
| Corning, Inc. 1.01% | NDX 03/19/2027 2510.15 C 25.90% |
| TD SYNNEX Corp. 0.81% | QQQ 11/19/2027 70.11 C 24.77% |
| Cisco Systems, Inc. 0.77% | NDX 06/11/2027 3059.42 C 22.64% |
| Power Integrations, Inc. 0.73% | QQQ 09/17/2027 70.69 C 17.82% |
| Royalty Pharma plc 0.73% | Roundhill Weekly T-Bill ETF 4.97% |
| Millicom International Cellular SA 0.72% | First American Government Obligations Fund 12/01/2031 3.90% |
| Avnet, Inc. 0.71% | |
| 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 | |||
|---|---|---|---|---|---|---|
| PAPI | QDTE | PAPI | QDTE | PAPI | QDTE | |
| 3 months | +4.7% | −0.9% | 2.0% | 7.6% | +2.5 pts | +1.6 pts |
| 6 months | +5.6% | +19.7% | 4.0% | 16.2% | −12.4 pts | −4.5 pts |
| 1 year | +12.8% | +21.1% | 7.9% | 36.1% | −3.8 pts | −0.7 pts |
| Since launch | +35.6% | +59.9% | 22.5% | 74.1% | −49.6 pts | −4.3 pts |
| PAPI Parametric Equity Premium Income ETF Covered call on SPY, paying monthly | QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF 0DTE covered call on QQQ, paying weekly | |
|---|---|---|
| Issuer | Parametric | Roundhill |
| Strategy | covered call | 0DTE covered call |
| Benchmark | S&P 500 (SPY) | Nasdaq-100 (QQQ) |
| Pays | monthly | weekly |
| Payout rate, annualized | 7.2% | 20.8% |
| Expense ratio | 0.29% | 0.96% |
| Cash paid, 1 year | 7.9% | 36.1% |
| Price change, 1 year | +4.5% | −19.2% |
| Total return, 1 year | +12.8% | +21.1% |
| Benchmark return, 1 year | +16.6% | +21.8% |
| Ahead or behind | −3.8 pts | −0.7 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 1065 days | 925 days |
| Net assets | $400m | $967m |
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.
QDTE in plain words
Over the year to Sep 18, 2026, QDTE paid 36.1% of its starting value in cash distributions while its price fell 19.2%. With every distribution reinvested, the fund returned +21.1%. Nasdaq-100 (QQQ) returned +21.8% over the same days, so a holder was behind by 0.7 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 20.8%, paid weekly.
Questions people ask
- Which paid more, PAPI or QDTE?
- Over the year to Sep 18, 2026, PAPI paid 7.9% of its starting price in cash and QDTE paid 36.1%, 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 +12.8% and QDTE returned +21.1% over the year to Sep 18, 2026, so QDTE returned more.
- 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
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, PAPI against QDTE, data as of Sep 18, 2026. https://etfiq.com/compare/income/papi-vs-qdte Free to use with attribution; the underlying files are at Open data.