Data as of Nov 4, 2026.
PAPI vs QVOL: Dividend Yield & Total Return
PAPI and QVOL both write options for income.
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Net assets: $400m on Jun 30, 2026 for Parametric Equity Premium Income ETF, and $49m on Aug 31, 2026 for Infrastructure Capital Nasdaq Option Income ETF.
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, 2026.7 pts behind ONEQ
QVOL since launch: paid 6.4%, price −13.6%, total −7.8%, ONEQ −0.8%, −7.0 pts. Data to Nov 4, 2026.
ONEQ
−0.8%
QVOL
−7.8%
7 pts behind ONEQ
Total return, distributions reinvested
7 pts behind ONEQ
QVOL since launch: paid 6.4%, price −13.6%, total −7.8%, ONEQ −0.8%, −7.0 pts. Data to Nov 4, 2026.
ONEQ
−0.8%
QVOL
−7.8%
7 pts behind ONEQ
6.4% of it arrived as cash. Both charts share one scale, with zero at the line. QVOL since launch: paid 6.4%, price −13.6%, total −7.8%, ONEQ −0.8%, −7.0 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
PAPI costs 0.53 points a year less.
Points (pts) are percentage points.
| Measure | PAPI | QVOL |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +23.4% | not published |
| Price change | rose 14.3% (1 year) | fell 13.6% (since May 12, 2026) |
| Against its benchmark | ||
| Benchmark | iShares Russell 1000 Value ETF, measured through IWD | Fidelity Nasdaq Composite Index ETF, measured through ONEQ |
| Against its benchmark, same days | behind by 9.4 pts | behind by 7.0 pts |
| Cost and size | ||
| Expense ratio | 0.29% | 0.82% |
| Net assets, PAPI as of Jun 30, 2026 and QVOL as of Aug 31, 2026 | $400m | $49m |
| Holdings | ||
| Holdings in common | 5% | |
Risk and return
May 22, 2026 to Oct 30, 2026 · 23 weekly returnsFrom May 2026 to Oct 2026, PAPI returned more: +9.8% to −8.8%. PAPI fell less at its worst: −4.9% to −13.9%.
Full scorecard
3 measures, with how each is measured Open ↓
| Measure | PAPI | QVOL | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +9.8% | −8.8% | PAPI | Price change plus distributions, reinvested. |
| Price return | +5.8% | −14.4% | PAPI | Price change alone, distributions left out. |
| Risk | ||||
| Max drawdown | −4.9% | −13.9% | PAPI | Deepest fall from a high to the low after it. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 23 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, PAPI and QVOL hold 5% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.
half
5% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | PAPI | QVOL | PAPI | QVOL | PAPI | QVOL |
| 3 months | +6.6% | −12.2% | 1.8% | 3.2% | +2.6 pts | −10.0 pts |
| 6 months | +13.2% | – | 3.9% | – | −0.7 pts | – |
| 1 year | +23.4% | – | 8.2% | – | −9.4 pts | – |
| 3 years | +44.5% | – | 23.7% | – | −39.8 pts | – |
| Since launchNot the same days: PAPI Oct 2023 · QVOL May 2026 | +45.5% | −7.8% | 23.9% | 6.4% | −42.4 pts | −7.0 pts |
– means no data for this window. Open this comparison in the app →
No client brief for this pair: ETFIQ prints no one-year total return for QVOL.
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.
QVOL
Over the period from its first trade on May 12, 2026 to Nov 4, 2026, QVOL paid 6.4% of its starting value in cash distributions while its price fell 13.6%. With every distribution reinvested, the fund returned −7.8%. Fidelity Nasdaq Composite Index ETF (ONEQ) returned −0.8% over the same days, so a holder was behind by 7.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 15.3%, paid monthly.
Questions people ask
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
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 QVOL, data as of Nov 4, 2026. https://etfiq.com/compare/income/papi-vs-qvol
ETFIQ. (Nov 4, 2026). PAPI against QVOL. Retrieved from https://etfiq.com/compare/income/papi-vs-qvol
[PAPI against QVOL (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/papi-vs-qvol)
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