Which is cheaper, PAPI or ROCQ?

PAPI charges 0.29% a year and ROCQ charges 0.35%, so PAPI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

PAPI vs ROCQ: Dividend Yield & Total Return

PAPI and ROCQ both write options for income.

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Net assets: $400m on Jun 30, 2026 for Parametric Equity Premium Income ETF, and $770m on Nov 3, 2026 for JPMorgan Nasdaq Equity Premium Yield ETF.

PAPI on its own →ROCQ on its own →

At a glance

8.2%

PAPI cash paid, 1 year

7.8%

ROCQ cash paid, since launch, Mar 19, 2026

+23.4%

PAPI total return, 1 year

+11.9%

ROCQ total return, since launch, Mar 19, 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. 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.

ROCQ · since launch to Nov 4, 2026 5.2 pts behind QQQ

ROCQ

+11.9%

QQQ

+17.1%

5.2 pts behind QQQ

ROCQ since launch: paid 7.8%, price +4.3%, total +11.9%, QQQ +17.1%, −5.2 pts. Data to Nov 4, 2026.

QQQ

+17.1%

ROCQ

+11.9%

7.8% as cash

5.2 pts behind QQQ

Total return, distributions reinvested

5.2 pts behind QQQ

ROCQ since launch: paid 7.8%, price +4.3%, total +11.9%, QQQ +17.1%, −5.2 pts. Data to Nov 4, 2026.

QQQ

+17.1%

ROCQ

+11.9%

5.2 pts behind QQQ

7.8% of it arrived as cash. Both charts share one scale, 0 to +32.8%. ROCQ since launch: paid 7.8%, price +4.3%, total +11.9%, QQQ +17.1%, −5.2 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +32.8%. Data to Nov 4, 2026.

Pair scorecard

PAPI costs 0.06 points a year less.

Points (pts) are percentage points.

PAPI vs ROCQ: Dividend Yield & Total Return
Measure	PAPI	ROCQ
Paid and earned
Measure	PAPI	ROCQ
Total return, 1 year	+23.4%	not published
Price change	rose 14.3% (1 year)	rose 4.3% (since Mar 19, 2026)
Against its benchmark
Measure	PAPI	ROCQ
Benchmark	iShares Russell 1000 Value ETF, measured through IWD	Nasdaq-100, measured through QQQ
Cost and size
Measure	PAPI	ROCQ
Expense ratio	0.29%	0.35%
Net assets, PAPI as of Jun 30, 2026 and ROCQ as of Nov 3, 2026	$400m	$770m
Holdings
Measure	PAPI	ROCQ
Holdings in common	7%

Method

What they share

By the books each fund has filed, PAPI and ROCQ hold 7% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

50%

0 half 100%

half

7% in common

Positions both hold · largest shared weight first PAPI ROCQ

AbbVie, Inc. 0.64% 0.78%

Analog Devices, Inc. 0.62% 2.38%

Alphabet, Inc. 0.59% 5.12%

Coca-Cola Co. (The) 0.56% 0.92%

Johnson & Johnson 0.56% 1.00%

Norfolk Southern Corp. 0.52% 0.80%

Southern Co. (The) 0.54% 0.47%

Microsoft Corp. 0.39% 7.25%

Air Products and Chemicals, Inc. 0.51% 0.38%

International Business Machines Corp. 0.64% 0.37%

Intuit, Inc. 0.35% 0.64%

Bristol-Myers Squibb Co. 0.51% 0.29%

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 ROCQ

NVIDIA CORP COMMON STOCK 8.94%

APPLE INC COMMON STOCK 8.27%

MICRON TECHNOLOGY INC 5.12%

AMAZON.COM INC COMMON 4.95%

ADVANCED MICRO DEVICES 4.10%

WALMART INC COMMON STOCK 4.05%

META PLATFORMS INC COMMON 3.36%

TESLA INC COMMON STOCK 2.99%

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 ROCQ JPMorgan Nasdaq Equity Premium Yield ETF · Covered call on QQQ, paying monthly

Issuer Parametric JPMorgan

Strategy covered call covered call

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

Pays monthly monthly

Payout rate, annualized 6.8% 11.6%

Expense ratio 0.29% 0.35%

Cash paid, 1 year 8.2% 7.8% (since launch, Mar 19, 2026)

Price change, 1 year +14.3% +4.3% (since launch, Mar 19, 2026)

Total return, 1 year +23.4% +11.9% (since launch, Mar 19, 2026)

Benchmark return, 1 year +32.8% +17.1% (since launch, Mar 19, 2026)

Ahead or behind −9.4 pts −5.2 pts (since launch, Mar 19, 2026)

Return of capital, latest estimate not published not published

Age 3.0 years 230 days

Net assets, PAPI as of Jun 30, 2026 and ROCQ as of Nov 3, 2026 $400m $770m

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 ROCQ: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	PAPI	ROCQ	PAPI	ROCQ	PAPI	ROCQ
3 months	+6.6%	−3.5%	1.8%	2.7%	+2.6 pts	−0.1 pts
6 months	+13.2%	−1.2%	3.9%	5.8%	−0.7 pts	−0.8 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 · ROCQ Mar 2026	+45.5%	+11.9%	23.9%	7.8%	−42.4 pts	−5.2 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.

ROCQ

Over the period from its first trade on Mar 19, 2026 to Nov 4, 2026, ROCQ paid 7.8% of its starting value in cash distributions while its price rose 4.3%. With every distribution reinvested, the fund returned +11.9%. Nasdaq-100 (QQQ) returned +17.1% over the same days, so a holder was behind by 5.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 11.6%, paid monthly.

Questions people ask

Which is cheaper, PAPI or ROCQ?: PAPI charges 0.29% a year and ROCQ charges 0.35%, so PAPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

PAPI vs QDTE PAPI vs QYLG PAPI vs QYLD PAPI vs BALQ ROCQ vs YLDE ROCQ vs SDVD ROCQ vs VAIE ROCQ vs RDVI

Where to next

iShares Russell 1000 Value ETF (IWD) →Nasdaq-100 (QQQ) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →PAPI on its own →ROCQ on its own →PAPI dividend history →PAPI holdings →ROCQ dividend history →ROCQ holdings →Method →Standards and sources →

Sources and dates

PAPI filings on SEC EDGAR ↗

PAPI prospectus with the expense ratio (SEC) ↗

Parametric website ↗

ROCQ filings on SEC EDGAR ↗

ROCQ prospectus with the expense ratio (SEC) ↗

JPMorgan website ↗

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 ROCQ, data as of Nov 4, 2026. https://etfiq.com/compare/income/papi-vs-rocq

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