Which is cheaper, PAPI or ROCY?

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

Data as of Nov 4, 2026.

Income ETFs

PAPI vs ROCY: Dividend Yield & Total Return

PAPI and ROCY both write options for income.

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Net assets: $400m on Jun 30, 2026 for Parametric Equity Premium Income ETF, and $884m on Nov 3, 2026 for JPMorgan Equity Premium Yield ETF.

PAPI on its own →ROCY on its own →

At a glance

8.2%

PAPI cash paid, 1 year

4.8%

ROCY cash paid, since launch, Mar 19, 2026

+23.4%

PAPI total return, 1 year

+15.3%

ROCY 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.

ROCY · since launch to Nov 4, 2026 1.8 pts behind SPY

ROCY

+15.3%

SPY

+17.1%

1.8 pts behind SPY

ROCY since launch: paid 4.8%, price +10.2%, total +15.3%, SPY +17.1%, −1.8 pts. Data to Nov 4, 2026.

SPY

+17.1%

ROCY

+15.3%

4.8% cash

1.8 pts behind SPY

Total return, distributions reinvested

1.8 pts behind SPY

ROCY since launch: paid 4.8%, price +10.2%, total +15.3%, SPY +17.1%, −1.8 pts. Data to Nov 4, 2026.

SPY

+17.1%

ROCY

+15.3%

1.8 pts behind SPY

4.8% of it arrived as cash. Both charts share one scale, 0 to +32.8%. ROCY since launch: paid 4.8%, price +10.2%, total +15.3%, SPY +17.1%, −1.8 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 ROCY: Dividend Yield & Total Return
Measure	PAPI	ROCY
Paid and earned
Measure	PAPI	ROCY
Total return, 1 year	+23.4%	not published
Price change	rose 14.3% (1 year)	rose 10.2% (since Mar 19, 2026)
Against its benchmark
Measure	PAPI	ROCY
Benchmark	iShares Russell 1000 Value ETF, measured through IWD	S&P 500, measured through SPY
Cost and size
Measure	PAPI	ROCY
Expense ratio	0.29%	0.35%
Net assets, PAPI as of Jun 30, 2026 and ROCY as of Nov 3, 2026	$400m	$884m
Holdings
Measure	PAPI	ROCY
Holdings in common	11%

Method

What they share

11%

By the books each fund has filed, PAPI and ROCY hold 11% 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

11% in common

Positions both hold · largest shared weight first PAPI ROCY

AbbVie, Inc. 0.64% 1.58%

Analog Devices, Inc. 0.62% 0.67%

Alphabet, Inc. 0.59% 4.13%

Southern Co. (The) 0.54% 0.70%

Bristol-Myers Squibb Co. 0.51% 0.81%

RTX Corp. 0.51% 1.09%

EOG Resources, Inc. 0.49% 0.91%

Stryker Corp. 0.48% 0.65%

TJX Cos., Inc. (The) 0.50% 0.46%

PepsiCo, Inc. 0.46% 0.44%

ConocoPhillips 0.42% 0.99%

CME Group, Inc. 0.39% 0.62%

Only in one fund ↓

Only in PAPI

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%

Cummins, Inc. 0.70%

Only in ROCY

NVIDIA CORP COMMON STOCK 8.20%

APPLE INC COMMON STOCK 7.31%

AMAZON.COM INC COMMON 4.16%

META PLATFORMS INC COMMON 2.54%

BROADCOM INC COMMON 2.17%

MICRON TECHNOLOGY INC 2.11%

WELLS FARGO & CO COMMON 2.02%

EXXONMOBIL HOLDINGS CORP 2.01%

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 ROCY JPMorgan Equity Premium Yield ETF · Covered call on SPY, paying monthly

Issuer Parametric JPMorgan

Strategy covered call covered call

Benchmark iShares Russell 1000 Value ETF (IWD) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 6.8% 6.6%

Expense ratio 0.29% 0.35%

Cash paid, 1 year 8.2% 4.8% (since launch, Mar 19, 2026)

Price change, 1 year +14.3% +10.2% (since launch, Mar 19, 2026)

Total return, 1 year +23.4% +15.3% (since launch, Mar 19, 2026)

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

Ahead or behind −9.4 pts −1.8 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 ROCY as of Nov 3, 2026 $400m $884m

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 ROCY: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	PAPI	ROCY	PAPI	ROCY	PAPI	ROCY
3 months	+6.6%	+1.1%	1.8%	1.6%	+2.6 pts	+1.2 pts
6 months	+13.2%	+6.5%	3.9%	3.5%	−0.7 pts	+1.5 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 · ROCY Mar 2026	+45.5%	+15.3%	23.9%	4.8%	−42.4 pts	−1.9 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.

ROCY

Over the period from its first trade on Mar 19, 2026 to Nov 4, 2026, ROCY paid 4.8% of its starting value in cash distributions while its price rose 10.2%. With every distribution reinvested, the fund returned +15.3%. S&P 500 (SPY) returned +17.1% over the same days, so a holder was behind by 1.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 6.6%, paid monthly.

Questions people ask

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

Other comparisons

PAPI vs PBP PAPI vs FTHI PAPI vs XYLD PAPI vs DIVO ROCY vs CDPI ROCY vs RDVI ROCY vs DDDD ROCY vs QQDH

Where to next

iShares Russell 1000 Value ETF (IWD) →S&P 500 (SPY) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →PAPI on its own →ROCY on its own →PAPI dividend history →PAPI holdings →ROCY dividend history →ROCY holdings →Method →Standards and sources →

Sources and dates

PAPI filings on SEC EDGAR ↗

PAPI prospectus with the expense ratio (SEC) ↗

Parametric website ↗

ROCY filings on SEC EDGAR ↗

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

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