PAPI vs VAIE: Dividend Yield & Total Return
PAPI and VAIE both write options for income. Net assets: $400m on Jun 30, 2026 for Parametric Equity Premium Income ETF, and $67m on Oct 19, 2026 for VegaShares US Equity Autocallable Income ETF.
PAPI costs 0.45 points a year less; PAPI is far larger, $400m against $12m.
Points (pts) are percentage points.
| PAPI | VAIE | |
|---|---|---|
| Expense ratio | 0.29% | 0.74% |
| Net assets, as of Jun 30, 2026 | $400m | $12m |
| Total return, 1 year | +15.4% | not published |
| Benchmark | iShares Russell 1000 Value ETF, measured through IWD | not published |
| Holdings in common | not published | |
| Price change | rose 6.9% (1 year) | fell 3.6% (since May 12, 2026) |
12.3 pts behind IWD
PAPI over 1 year: paid 7.9%, price +6.9%, total +15.4%, IWD +27.7%, −12.3 pts. Figures to Oct 20, 2026.
IWD
+27.7%
PAPI
+15.4%
7.9% as cash
12.3 pts behind IWD
Total return, distributions reinvested
12.3 pts behind IWD
PAPI over 1 year: paid 7.9%, price +6.9%, total +15.4%, IWD +27.7%, −12.3 pts. Figures to Oct 20, 2026.
IWD
+27.7%
PAPI
+15.4%
12.3 pts behind IWD
7.9% of it arrived as cash. Total return, distributions reinvested. PAPI over 1 year: paid 7.9%, price +6.9%, total +15.4%, IWD +27.7%, −12.3 pts. Figures to Oct 20, 2026.
Figures to Oct 20, 2026.
Not measured
VAIE since launch: paid 6.8%, price −3.6%, total +3.3%, not measured against a benchmark. Figures to Oct 20, 2026.
VAIE
+3.3%
Total return, distributions reinvested
Not measured
VAIE since launch: paid 6.8%, price −3.6%, total +3.3%, not measured against a benchmark. Figures to Oct 20, 2026.
VAIE
+3.3%
6.8% of it arrived as cash. Both charts share one scale, with zero at the line. VAIE since launch: paid 6.8%, price −3.6%, total +3.3%, not measured against a benchmark. Figures to Oct 20, 2026.
Figures to Oct 20, 2026.
Performance, window by window
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | PAPI | VAIE | PAPI | VAIE | PAPI | VAIE |
| 3 months | +2.8% | +2.5% | 1.8% | 4.1% | −1.8 pts | not measured |
| 6 months | +7.4% | – | 3.8% | – | −7.5 pts | – |
| 1 year | +15.4% | – | 7.9% | – | −12.3 pts | – |
| 3 years | +40.4% | – | 23.5% | – | −44.1 pts | – |
| Since launch Not the same days: PAPI Oct 2023 · VAIE May 2026 | +38.9% | +3.3% | 23.2% | 6.8% | −43.6 pts | not measured |
Source: ETFIQ. – means no data for this window, usually because the fund is younger than it. Open this comparison in the app →
On the same fields
As of Oct 20, 2026. Source: ETFIQ. Cash paid is what the fund distributed over the window, as a share of its price at the start. Payout rate is its latest payment, annualized, over today’s price.
About PAPI
Over the year to Oct 20, 2026, PAPI paid 7.9% of its starting value in cash distributions while its price rose 6.9%. With every distribution reinvested, the fund returned +15.4%. iShares Russell 1000 Value ETF (IWD) returned +27.7% over the same days, so a holder was behind by 12.3 pts. At its price on Oct 20, 2026 the latest distribution annualizes to 7.7%, paid monthly.
About VAIE
Over the period from its first trade on May 12, 2026 to Oct 20, 2026, VAIE paid 6.8% of its starting value in cash distributions while its price fell 3.6%. With every distribution reinvested, the fund returned +3.3%. At its price on Oct 20, 2026 the latest distribution annualizes to 16.8%, paid weekly.
Questions people ask
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How this is computed
Every figure is an ETFIQ calculation with distributions reinvested.
Cite this pageCitation, APA and Markdown
ETFIQ, PAPI against VAIE, data as of Oct 20, 2026. https://etfiq.com/compare/income/papi-vs-vaie
ETFIQ. (Oct 20, 2026). PAPI against VAIE. Retrieved from https://etfiq.com/compare/income/papi-vs-vaie
[PAPI against VAIE (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/income/papi-vs-vaie)
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