Data as of .
PAPI vs QVOL: which paid, and which earned it?
PAPI and QVOL both write options for income.
What they hold in common
By the books each fund has filed, PAPI and QVOL hold 4% of their money in the same securities at the same weight.
| Holding | PAPI | QVOL |
|---|---|---|
| Cisco Systems, Inc. | 0.77% | 1.36% |
| Texas Instruments, Inc. | 0.71% | 1.15% |
| Analog Devices, Inc. | 0.63% | 0.82% |
| Alphabet, Inc. | 0.59% | 4.70% |
| QUALCOMM, Inc. | 0.58% | 1.22% |
| Microsoft Corp. | 0.39% | 5.05% |
| Intuit, Inc. | 0.35% | 0.92% |
| Only in PAPI | Only in QVOL |
|---|---|
| Corning, Inc. 1.01% | NVIDIA Corp 8.53% |
| TD SYNNEX Corp. 0.81% | Amazon.com Inc 7.61% |
| Power Integrations, Inc. 0.73% | Advanced Micro Devices Inc 6.17% |
| Royalty Pharma plc 0.73% | Alphabet Inc 4.69% |
| Millicom International Cellular SA 0.72% | Micron Technology Inc 4.53% |
| Avnet, Inc. 0.71% | Marvell Technology Inc 4.30% |
| Cummins, Inc. 0.70% | Broadcom Inc 3.42% |
| Reynolds Consumer Products, Inc. 0.68% | Meta Platforms Inc 3.14% |
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 May 31, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| PAPI | QVOL | PAPI | QVOL | PAPI | QVOL | |
| 3 months | +4.7% | −3.7% | 2.0% | 3.0% | +2.5 pts | −1.2 pts |
| 6 months | +5.6% | not published | 4.0% | not published | −12.4 pts | not published |
| 1 year | +12.8% | not published | 7.9% | not published | −3.8 pts | not published |
| Since launch | +35.6% | +4.3% | 22.5% | 4.2% | −49.6 pts | +2.1 pts |
| PAPI Parametric Equity Premium Income ETF Covered call on SPY, paying monthly | QVOL Infrastructure Capital Nasdaq Option Income ETF Option income on QQQ, paying monthly | |
|---|---|---|
| Issuer | Parametric | Infrastructure Capital |
| Strategy | covered call | option income |
| Benchmark | S&P 500 (SPY) | Nasdaq-100 (QQQ) |
| Pays | monthly | monthly |
| Payout rate, annualized | 7.2% | 12.6% |
| Expense ratio | 0.29% | 0.82% |
| Cash paid, 1 year | 7.9% | 4.2% (since launch on May 12, 2026) |
| Price change, 1 year | +4.5% | 0.0% |
| Total return, 1 year | +12.8% | +4.3% (since launch on May 12, 2026) |
| Benchmark return, 1 year | +16.6% | +2.1% |
| Ahead or behind | −3.8 pts | +2.1 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 1065 days | 129 days |
| Net assets | $400m | $8m |
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.
QVOL in plain words
Over the period since launch on May 12, 2026 to Sep 18, 2026, QVOL paid 4.2% of its starting value in cash distributions while its price rose 0.0%. With every distribution reinvested, the fund returned +4.3%. Nasdaq-100 (QQQ) returned +2.1% over the same days, so a holder was ahead by 2.1 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 12.6%, paid monthly.
Questions people ask
- Which is cheaper, PAPI or QVOL?
- PAPI charges 0.29% a year and QVOL charges 0.82%, 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 QVOL, data as of Sep 18, 2026. https://etfiq.com/compare/income/papi-vs-qvol Free to use with attribution; the underlying files are at Open data.