Which is cheaper, PAPI or SIOO?

PAPI charges 0.29% a year and SIOO charges 0.59%, so PAPI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

PAPI vs SIOO: Dividend Yield & Total Return

PAPI and SIOO both write options for income.

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Net assets: $400m on Jun 30, 2026 for Parametric Equity Premium Income ETF, and $25m on Nov 3, 2026 for VistaShares Target 15 S&P 100 Distribution ETF.

PAPI on its own →SIOO on its own →

At a glance

8.2%

PAPI cash paid, 1 year

13.6%

SIOO cash paid, since launch, Dec 11, 2025

+23.4%

PAPI total return, 1 year

+10.8%

SIOO total return, since launch, Dec 11, 2025

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.

SIOO · since launch to Nov 4, 2026 About even with OEF

SIOO

+10.8%

OEF

+10.9%

About even with OEF

SIOO since launch: paid 13.6%, price −3.6%, total +10.8%, OEF +10.9%, −0.1 pts. Data to Nov 4, 2026.

OEF

+10.9%

SIOO

+10.8%

13.6% of it arrived as cash

about even with OEF

Total return, distributions reinvested

About even with OEF

SIOO since launch: paid 13.6%, price −3.6%, total +10.8%, OEF +10.9%, −0.1 pts. Data to Nov 4, 2026.

OEF

+10.9%

SIOO

+10.8%

about even with OEF

13.6% of it arrived as cash. Both charts share one scale, with zero at the line. SIOO since launch: paid 13.6%, price −3.6%, total +10.8%, OEF +10.9%, −0.1 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

PAPI costs 0.30 points a year less.

Points (pts) are percentage points.

PAPI vs SIOO: Dividend Yield & Total Return
Measure	PAPI	SIOO
Paid and earned
Measure	PAPI	SIOO
Total return, 1 year	+23.4%	not published
Price change	rose 14.3% (1 year)	fell 3.6% (since Dec 11, 2025)
Return of capital, issuer estimate		97% of the Oct 27, 2026 payment
Against its benchmark
Measure	PAPI	SIOO
Benchmark	iShares Russell 1000 Value ETF, measured through IWD	S&P 100, measured through OEF
Cost and size
Measure	PAPI	SIOO
Expense ratio	0.29%	0.59%
Net assets, PAPI as of Jun 30, 2026 and SIOO as of Nov 3, 2026	$400m	$25m
Holdings
Measure	PAPI	SIOO
Holdings in common	14%

Method

What they share

14%

By the books each fund has filed, PAPI and SIOO hold 14% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 4, 2026.

50%

0 half 100%

half

14% in common

Positions both hold · largest shared weight first PAPI SIOO

Cisco Systems, Inc. 0.76% 0.84%

AbbVie, Inc. 0.64% 1.06%

Texas Instruments, Inc. 0.70% 0.59%

Alphabet, Inc. 0.59% 2.80%

Merck & Co., Inc. 0.59% 0.76%

Coca-Cola Co. (The) 0.56% 0.76%

Johnson & Johnson 0.56% 1.36%

Home Depot, Inc. (The) 0.54% 0.72%

RTX Corp. 0.51% 0.54%

Procter & Gamble Co. (The) 0.49% 0.79%

International Business Machines Corp. 0.64% 0.49%

Linde plc 0.54% 0.49%

Only in one fund ↓

Only in PAPI

Corning, Inc. 1.00%

TD SYNNEX Corp. 0.80%

Power Integrations, Inc. 0.73%

Royalty Pharma plc 0.72%

Millicom International Cellular SA 0.72%

Avnet, Inc. 0.70%

Cummins, Inc. 0.70%

Reynolds Consumer Products, Inc. 0.68%

Only in SIOO

Apple Inc 9.09%

NVIDIA Corp 8.37%

Amazon.com Inc 4.54%

Broadcom Inc 3.17%

Meta Platforms Inc 2.84%

Eli Lilly & Co 2.30%

Tesla Inc 2.23%

Berkshire Hathaway Inc 2.20%

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 SIOO VistaShares Target 15 S&P 100 Distribution ETF · Covered call on OEF, paying monthly

Issuer Parametric VistaShares

Strategy covered call covered call

Benchmark iShares Russell 1000 Value ETF (IWD) S&P 100 (OEF)

Pays monthly monthly

Payout rate, annualized 6.8% 15.4%

Expense ratio 0.29% 0.59%

Cash paid, 1 year 8.2% 13.6% (since launch, Dec 11, 2025)

Price change, 1 year +14.3% −3.6% (since launch, Dec 11, 2025)

Total return, 1 year +23.4% +10.8% (since launch, Dec 11, 2025)

Benchmark return, 1 year +32.8% +10.9% (since launch, Dec 11, 2025)

Ahead or behind −9.4 pts −0.1 pts (since launch, Dec 11, 2025)

Return of capital, latest estimate not published 97%

Age 3.0 years 328 days

Net assets, PAPI as of Jun 30, 2026 and SIOO as of Nov 3, 2026 $400m $25m

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 SIOO: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	PAPI	SIOO	PAPI	SIOO	PAPI	SIOO
3 months	+6.6%	+0.8%	1.8%	3.7%	+2.6 pts	+1.0 pts
6 months	+13.2%	+5.6%	3.9%	7.5%	−0.7 pts	+1.1 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 · SIOO Dec 2025	+45.5%	+10.8%	23.9%	13.6%	−42.4 pts	−0.1 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.

SIOO

Over the period from its first trade on Dec 11, 2025 to Nov 4, 2026, SIOO paid 13.6% of its starting value in cash distributions while its price fell 3.6%. With every distribution reinvested, the fund returned +10.8%. S&P 100 (OEF) returned +10.9% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 15.4%, paid monthly. VistaShares estimates that 97% of the distribution paid Oct 27, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

Questions people ask

Which is cheaper, PAPI or SIOO?: PAPI charges 0.29% a year and SIOO charges 0.59%, so PAPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

PAPI vs YQQQ PAPI vs YSPC PAPI vs QVOL PAPI vs XSHP SIOO vs XVSP SIOO vs QQDH SIOO vs TMGN SIOO vs VOOY

Where to next

iShares Russell 1000 Value ETF (IWD) →S&P 100 (OEF) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →PAPI on its own →SIOO on its own →PAPI dividend history →PAPI holdings →SIOO dividend history →SIOO holdings →Method →Standards and sources →

Sources and dates

PAPI filings on SEC EDGAR ↗

PAPI prospectus with the expense ratio (SEC) ↗

Parametric website ↗

SIOO filings on SEC EDGAR ↗

SIOO prospectus with the expense ratio (SEC) ↗

SIOO 19a-1 distribution notice ↗

VistaShares page for SIOO ↗

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

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