Which paid more, PAPI or SDVD?

Over the year to Nov 4, 2026, PAPI paid 8.2% of its starting price in cash and SDVD paid 9.7%, so SDVD 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 SDVD?

With every distribution reinvested, PAPI returned +23.4% and SDVD +18.9% over the year to Nov 4, 2026.

Which is cheaper, PAPI or SDVD?

PAPI charges 0.29% a year and SDVD charges 0.85%, so PAPI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

PAPI vs SDVD: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, SDVD paid 9.7% of its price in cash against PAPI’s 8.2%, though PAPI returned more with it reinvested.

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Net assets: $400m on Jun 30, 2026 for Parametric Equity Premium Income ETF, and $903m on Nov 3, 2026 for FT Vest SMID Rising Dividend Achievers Target Income ETF.

PAPI on its own →SDVD on its own →

At a glance

8.2%

PAPI cash paid, 1 year

9.7%

SDVD cash paid, 1 year

+23.4%

PAPI total return, 1 year

+18.9%

SDVD total return, 1 year

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.

SDVD · 1 year to Nov 4, 2026 1.4 pts ahead of SDVY

SDVD

+18.9%

SDVY

+17.5%

1.4 pts ahead of SDVY

SDVD over 1 year: paid 9.7%, price +8.6%, total +18.9%, SDVY +17.5%, +1.4 pts. Data to Nov 4, 2026.

SDVY

+17.5%

SDVD

+18.9%

9.7% as cash

1.4 pts ahead of SDVY

Total return, distributions reinvested

1.4 pts ahead of SDVY

SDVD over 1 year: paid 9.7%, price +8.6%, total +18.9%, SDVY +17.5%, +1.4 pts. Data to Nov 4, 2026.

SDVY

+17.5%

SDVD

+18.9%

1.4 pts ahead of SDVY

9.7% of it arrived as cash. Both charts share one scale, 0 to +32.8%. SDVD over 1 year: paid 9.7%, price +8.6%, total +18.9%, SDVY +17.5%, +1.4 pts. Data to Nov 4, 2026.

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

Pair scorecard

PAPI costs 0.56 points a year less; their one-year returns differ by 4.5 points.

Points (pts) are percentage points.

PAPI vs SDVD: Dividend Yield & Total Return
Measure	PAPI	SDVD
Paid and earned
Measure	PAPI	SDVD
Total return, 1 year	+23.4%	+18.9%
Price change, 1 year	rose 14.3%	rose 8.6%
Against its benchmark
Measure	PAPI	SDVD
Benchmark	iShares Russell 1000 Value ETF, measured through IWD	First Trust SMID Cap Rising Dividend Achievers ETF, measured through SDVY
Cost and size
Measure	PAPI	SDVD
Expense ratio	0.29%	0.85%
Net assets, PAPI as of Jun 30, 2026 and SDVD as of Nov 3, 2026	$400m	$903m
Holdings
Measure	PAPI	SDVD
Holdings in common	13%

ETFIQ Distribution Coverage Score · PAPI scores higher How much of what it paid out did its total return cover?

IQ Income Score96.1PAPI84.7SDVD

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

PAPI 96.1

SDVD 84.7

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

What they share

13%

By the books each fund has filed, PAPI and SDVD hold 13% 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

13% in common

Positions both hold · largest shared weight first PAPI SDVD

Interparfums, Inc. 0.60% 1.02%

T Rowe Price Group, Inc. 0.58% 0.88%

Cincinnati Financial Corp. 0.57% 0.95%

Regions Financial Corp. 0.56% 0.88%

Snap-on, Inc. 0.54% 0.83%

Chemed Corp. 0.62% 0.53%

Old Republic International Corp. 0.52% 0.79%

Donaldson Co., Inc. 0.52% 0.63%

Everest Group Ltd. 0.52% 0.78%

TD SYNNEX Corp. 0.80% 0.51%

Badger Meter, Inc. 0.51% 0.90%

Balchem Corp. 0.50% 0.89%

Only in one fund ↓

Only in PAPI

Corning, Inc. 1.00%

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 SDVD

The Hanover Insurance Group, Inc. 1.09%

Reinsurance Group of America, Incorporated 1.06%

Williams-Sonoma, Inc. 1.06%

Veralto Corporation 1.05%

Assurant, Inc. 1.02%

National HealthCare Corporation 1.02%

VeriSign, Inc. 1.02%

OFG Bancorp 0.99%

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 SDVD FT Vest SMID Rising Dividend Achievers Target Income ETF · Writes calls on the Russell 2000, investing in the Nasdaq US Small-Mid Cap Rising Dividend Achievers Index, paying monthly

Issuer Parametric First Trust

Strategy covered call dividend stocks with call overlay

Benchmark iShares Russell 1000 Value ETF (IWD) First Trust SMID Cap Rising Dividend Achievers ETF (SDVY)

Pays monthly monthly

Payout rate, annualized 6.8% 8.2%

Expense ratio 0.29% 0.85%

Cash paid, 1 year 8.2% 9.7%

Price change, 1 year +14.3% +8.6%

Total return, 1 year +23.4% +18.9%

Benchmark return, 1 year +32.8% +17.5%

Ahead or behind −9.4 pts +1.4 pts

Return of capital, latest estimate not published 22%

Age 3.0 years 3.2 years

Net assets, PAPI as of Jun 30, 2026 and SDVD as of Nov 3, 2026 $400m $903m

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 SDVD: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	PAPI	SDVD	PAPI	SDVD	PAPI	SDVD
3 months	+6.6%	−2.3%	1.8%	2.0%	+2.6 pts	+0.5 pts
6 months	+13.2%	+3.3%	3.9%	4.1%	−0.7 pts	+0.9 pts
1 year	+23.4%	+18.9%	8.2%	9.7%	−9.4 pts	+1.4 pts
3 years	+44.5%	+60.8%	23.7%	31.3%	−39.8 pts	+1.0 pts
Since launchNot the same days: PAPI Oct 2023 · SDVD Aug 2023	+45.5%	+53.9%	23.9%	31.3%	−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.

SDVD

Over the year to Nov 4, 2026, SDVD paid 9.7% of its starting value in cash distributions while its price rose 8.6%. With every distribution reinvested, the fund returned +18.9%. First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) returned +17.5% over the same days, so a holder was ahead by 1.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.2%, paid monthly. First Trust estimates that 22% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

Questions people ask

Which paid more, PAPI or SDVD?: Over the year to Nov 4, 2026, PAPI paid 8.2% of its starting price in cash and SDVD paid 9.7%, so SDVD 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 SDVD?: With every distribution reinvested, PAPI returned +23.4% and SDVD +18.9% over the year to Nov 4, 2026.
Which is cheaper, PAPI or SDVD?: PAPI charges 0.29% a year and SDVD charges 0.85%, so PAPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

PAPI vs YSPC PAPI vs YQQQ PAPI vs XSHP PAPI vs XVSP SDVD vs TMGN SDVD vs VOOY SDVD vs YLDE SDVD vs SIOO

Where to next

iShares Russell 1000 Value ETF (IWD) →First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) →PAPI on its own →SDVD on its own →PAPI dividend history →PAPI holdings →SDVD dividend history →SDVD holdings →Method →Standards and sources →

Sources and dates

PAPI filings on SEC EDGAR ↗

PAPI prospectus with the expense ratio (SEC) ↗

Parametric website ↗

SDVD filings on SEC EDGAR ↗

SDVD prospectus with the expense ratio (SEC) ↗

SDVD 19a-1 distribution notice ↗

First Trust page for SDVD ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

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

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