Which paid more, PAPI or SIXH?

Over the year to Nov 4, 2026, PAPI paid 8.2% of its starting price in cash and SIXH paid 2.1%, so PAPI 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 SIXH?

With every distribution reinvested, PAPI returned +23.4% and SIXH +23.5% over the year to Nov 4, 2026.

Which is cheaper, PAPI or SIXH?

PAPI charges 0.29% a year and SIXH charges 0.69%, so PAPI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

PAPI vs SIXH: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, PAPI paid 8.2% of its price in cash against SIXH’s 2.1% and the two finished level on total return.

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Net assets: $400m on Jun 30, 2026 for Parametric Equity Premium Income ETF, and $603m on Aug 31, 2026 for ETC 6 Meridian Hedged Equity-Index Option Strategy ETF.

PAPI on its own →SIXH on its own →

At a glance

8.2%

PAPI cash paid, 1 year

2.1%

SIXH cash paid, 1 year

+23.4%

PAPI total return, 1 year

+23.5%

SIXH 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.

SIXH · 1 year to Nov 4, 2026 5.5 pts ahead of its own holdings

SIXH

+23.5%

Own

+18.0%

5.5 pts ahead of its own holdings

SIXH over 1 year: paid 2.1%, price +21.2%, total +23.5%, its own holdings +18.0%, +5.5 pts. Data to Nov 4, 2026.

its own holdings

+18.0%

SIXH

+23.5%

5.5 pts ahead of its own holdings

Total return, distributions reinvested

5.5 pts ahead of its own holdings

SIXH over 1 year: paid 2.1%, price +21.2%, total +23.5%, its own holdings +18.0%, +5.5 pts. Data to Nov 4, 2026.

its own holdings

+18.0%

SIXH

+23.5%

5.5 pts ahead of its own holdings

2.1% of it arrived as cash. Both charts share one scale, 0 to +32.8%. SIXH over 1 year: paid 2.1%, price +21.2%, total +23.5%, its own holdings +18.0%, +5.5 pts. Data to Nov 4, 2026.

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

Pair scorecard

PAPI costs 0.40 points a year less; their one-year returns differ by 0.1 points.

Points (pts) are percentage points.

PAPI vs SIXH: Dividend Yield & Total Return
Measure	PAPI	SIXH
Paid and earned
Measure	PAPI	SIXH
Total return, 1 year	+23.4%	+23.5%
Price change, 1 year	rose 14.3%	rose 21.2%
Against its benchmark
Measure	PAPI	SIXH
Benchmark	iShares Russell 1000 Value ETF, measured through IWD	its own holdings
Cost and size
Measure	PAPI	SIXH
Expense ratio	0.29%	0.69%
Net assets, PAPI as of Jun 30, 2026 and SIXH as of Aug 31, 2026	$400m	$603m
Holdings
Measure	PAPI	SIXH
Holdings in common	10%

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

IQ Income Score96.1PAPI98.5SIXH

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

SIXH 98.5

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

Risk and return

Oct 27, 2023 to Oct 30, 2026 · 157 weekly returns

PAPI SIXH

Return

Total return edge SIXH +46.8% +55.2%

Annualized edge SIXH +13.6% +15.7%

Price return edge SIXH +17.5% +46.6%

Risk

Volatility edge SIXH 10.8% 8.1%

Max drawdown edge SIXH −10.6% −7.3%

Risk-adjusted

Sharpe edge SIXH 0.82 1.29

Sortino edge SIXH 1.16 1.98

Calmar edge SIXH 1.28 2.14

Reading

From Oct 2023 to Oct 2026, SIXH returned more: +55.2% to +46.8%. SIXH swung less: 8.1% to 10.8%. SIXH fell less at its worst: −7.3% to −10.6%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: PAPI vs SIXH: Dividend Yield & Total Return
Measure	PAPI	SIXH	Edge	How it is measured
Return
Total return	+46.8%	+55.2%	SIXH	Price change plus distributions, reinvested.
Annualized	+13.6%	+15.7%	SIXH	Total return as a yearly rate.
Price return	+17.5%	+46.6%	SIXH	Price change alone, distributions left out.
Risk
Volatility	10.8%	8.1%	SIXH	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	7.7%	5.3%	SIXH	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−10.6%	−7.3%	SIXH	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.82	1.29	SIXH	Return above Treasury bills per unit of volatility.
Sortino	1.16	1.98	SIXH	Return above Treasury bills per unit of downside deviation.
Calmar	1.28	2.14	SIXH	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 157 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

10%

By the books each fund has filed, PAPI and SIXH hold 10% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

50%

0 half 100%

half

10% in common

Positions both hold · largest shared weight first PAPI SIXH

Cisco Systems, Inc. 0.76% 1.16%

Texas Instruments, Inc. 0.70% 1.16%

Alphabet, Inc. 0.59% 1.16%

Merck & Co., Inc. 0.59% 1.39%

QUALCOMM, Inc. 0.58% 2.82%

Coca-Cola Co. (The) 0.56% 1.24%

Johnson & Johnson 0.56% 2.54%

Altria Group, Inc. 0.55% 4.90%

Bristol-Myers Squibb Co. 0.51% 2.50%

Procter & Gamble Co. (The) 0.49% 2.46%

Costco Wholesale Corp. 0.48% 2.42%

Gilead Sciences, Inc. 0.48% 1.37%

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 SIXH

SPDR S&P 500 ETF Trust 4.95%

Philip Morris International Inc. 3.60%

MICRON TECHNOLOGY, INC. 2.85%

LAM RESEARCH CORPORATION 2.52%

AMERICAN TOWER CORPORATION 2.48%

ELI LILLY AND COMPANY 2.46%

Mondelez International, Inc. 2.44%

COLGATE-PALMOLIVE COMPANY 2.40%

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 SIXH ETC 6 Meridian Hedged Equity-Index Option Strategy ETF · Option income on its own holdings, paying monthly

Issuer Parametric Exchange Traded Concepts

Strategy covered call option income

Benchmark iShares Russell 1000 Value ETF (IWD) SIXH's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Aug 31, 2026)

Pays monthly monthly

Payout rate, annualized 6.8% 3.2%

Expense ratio 0.29% 0.69%

Cash paid, 1 year 8.2% 2.1%

Price change, 1 year +14.3% +21.2%

Total return, 1 year +23.4% +23.5%

Benchmark return, 1 year +32.8% +18.0%

Ahead or behind −9.4 pts +5.5 pts

Return of capital, latest estimate not published not published

Age 3.0 years 6.5 years

Net assets, PAPI as of Jun 30, 2026 and SIXH as of Aug 31, 2026 $400m $603m

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 SIXH: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	PAPI	SIXH	PAPI	SIXH	PAPI	SIXH
3 months	+6.6%	+6.0%	1.8%	0.5%	+2.6 pts	+1.8 pts
6 months	+13.2%	+10.3%	3.9%	1.0%	−0.7 pts	+3.5 pts
1 year	+23.4%	+23.5%	8.2%	2.1%	−9.4 pts	+5.5 pts
3 years	+44.5%	+47.6%	23.7%	6.8%	−39.8 pts	not measured
Since launchNot the same days: PAPI Oct 2023 · SIXH May 2020	+45.5%	+104.1%	23.9%	16.7%	−42.4 pts	not measured

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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.

SIXH

Over the year to Nov 4, 2026, SIXH paid 2.1% of its starting value in cash distributions while its price rose 21.2%. With every distribution reinvested, the fund returned +23.5%. SIXH's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Aug 31, 2026) returned +18.0% over the same days, so a holder was ahead by 5.5 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 3.2%, paid monthly.

Questions people ask

Which paid more, PAPI or SIXH?: Over the year to Nov 4, 2026, PAPI paid 8.2% of its starting price in cash and SIXH paid 2.1%, so PAPI 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 SIXH?: With every distribution reinvested, PAPI returned +23.4% and SIXH +23.5% over the year to Nov 4, 2026.
Which is cheaper, PAPI or SIXH?: PAPI charges 0.29% a year and SIXH charges 0.69%, so PAPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

PAPI vs ULTY PAPI vs YYY PAPI vs YMAG PAPI vs KYLD SIXH vs YLDE SIXH vs SDVD SIXH vs RDVI SIXH vs YQQQ

Where to next

iShares Russell 1000 Value ETF (IWD) →PAPI on its own →SIXH on its own →PAPI dividend history →PAPI holdings →SIXH dividend history →SIXH holdings →Method →Standards and sources →

Sources and dates

PAPI filings on SEC EDGAR ↗

PAPI prospectus with the expense ratio (SEC) ↗

Parametric website ↗

SIXH filings on SEC EDGAR ↗

SIXH prospectus with the expense ratio (SEC) ↗

Exchange Traded Concepts website ↗

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

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