Data as of Nov 4, 2026.
PAPI vs TPRY: Dividend Yield & Total Return
PAPI and TPRY both write options for income.
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Net assets: $400m on Jun 30, 2026 for Parametric Equity Premium Income ETF, and $3.3m on Nov 3, 2026 for VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF.
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, 2026.19.3 pts behind SPY
TPRY since launch: paid 9.7%, price −16.1%, total −7.2%, SPY +12.1%, −19.3 pts. Data to Nov 4, 2026.
SPY
+12.1%
TPRY
−7.2%
19.3 pts behind SPY
Total return, distributions reinvested
19.3 pts behind SPY
TPRY since launch: paid 9.7%, price −16.1%, total −7.2%, SPY +12.1%, −19.3 pts. Data to Nov 4, 2026.
SPY
+12.1%
TPRY
−7.2%
19.3 pts behind SPY
9.7% of it arrived as cash. Both charts share one scale, with zero at the line. TPRY since launch: paid 9.7%, price −16.1%, total −7.2%, SPY +12.1%, −19.3 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
PAPI costs 0.66 points a year less.
Points (pts) are percentage points.
| Measure | PAPI | TPRY |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +23.4% | not published |
| Price change | rose 14.3% (1 year) | fell 16.1% (since Feb 26, 2026) |
| Return of capital, issuer estimate | 19% of the Oct 27, 2026 payment | |
| Against its benchmark | ||
| Benchmark | iShares Russell 1000 Value ETF, measured through IWD | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.29% | 0.95% |
| Net assets, PAPI as of Jun 30, 2026 and TPRY as of Nov 3, 2026 | $400m | $3.3m |
| Holdings | ||
| Holdings in common | 1% | |
What they share
By the books each fund has filed, PAPI and TPRY hold 1% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 4, 2026.
half
1% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | PAPI | TPRY | PAPI | TPRY | PAPI | TPRY |
| 3 months | +6.6% | −9.7% | 1.8% | 3.6% | +2.6 pts | −9.5 pts |
| 6 months | +13.2% | −14.1% | 3.9% | 6.9% | −0.7 pts | −19.1 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 · TPRY Feb 2026 | +45.5% | −7.2% | 23.9% | 9.7% | −42.4 pts | −19.3 pts |
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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.
TPRY
Over the period from its first trade on Feb 26, 2026 to Nov 4, 2026, TPRY paid 9.7% of its starting value in cash distributions while its price fell 16.1%. With every distribution reinvested, the fund returned −7.2%. S&P 500 (SPY) returned +12.1% over the same days, so a holder was behind by 19.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 15.7%, paid monthly. VistaShares estimates that 19% 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
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 TPRY, data as of Nov 4, 2026. https://etfiq.com/compare/income/papi-vs-tpry
ETFIQ. (Nov 4, 2026). PAPI against TPRY. Retrieved from https://etfiq.com/compare/income/papi-vs-tpry
[PAPI against TPRY (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/papi-vs-tpry)
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