Which paid more, PAPI or WDTE?

Over the year to Nov 4, 2026, PAPI paid 8.2% of its starting price in cash and WDTE paid 27.9%, so WDTE 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 WDTE?

With every distribution reinvested, PAPI returned +23.4% and WDTE +14.1% over the year to Nov 4, 2026.

Which is cheaper, PAPI or WDTE?

PAPI charges 0.29% a year and WDTE charges 1.03%, so PAPI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

PAPI vs WDTE: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, WDTE paid 27.9% 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 $69m on Nov 3, 2026 for Defiance S&P 500 Weekly Distribution ETF.

PAPI on its own →WDTE on its own →

At a glance

8.2%

PAPI cash paid, 1 year

27.9%

WDTE cash paid, 1 year

+23.4%

PAPI total return, 1 year

+14.1%

WDTE 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.

WDTE · 1 year to Nov 4, 2026 0.7 pts behind SPY

WDTE

+14.1%

SPY

+14.8%

0.7 pts behind SPY

WDTE over 1 year: paid 27.9%, price −15.9%, total +14.1%, SPY +14.8%, −0.7 pts. Data to Nov 4, 2026.

SPY

+14.8%

WDTE

+14.1%

27.9% of it arrived as cash

0.7 pts behind SPY

Total return, distributions reinvested

0.7 pts behind SPY

WDTE over 1 year: paid 27.9%, price −15.9%, total +14.1%, SPY +14.8%, −0.7 pts. Data to Nov 4, 2026.

SPY

+14.8%

WDTE

+14.1%

0.7 pts behind SPY

27.9% of it arrived as cash. Both charts share one scale, with zero at the line. WDTE over 1 year: paid 27.9%, price −15.9%, total +14.1%, SPY +14.8%, −0.7 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

PAPI costs 0.74 points a year less; their one-year returns differ by 9.3 points.

Points (pts) are percentage points.

PAPI vs WDTE: Dividend Yield & Total Return
Measure	PAPI	WDTE
Paid and earned
Measure	PAPI	WDTE
Total return, 1 year	+23.4%	+14.1%
Price change, 1 year	rose 14.3%	fell 15.9%
Against its benchmark
Measure	PAPI	WDTE
Benchmark	iShares Russell 1000 Value ETF, measured through IWD	S&P 500, measured through SPY
Cost and size
Measure	PAPI	WDTE
Expense ratio	0.29%	1.03%
Net assets, PAPI as of Jun 30, 2026 and WDTE as of Nov 3, 2026	$400m	$69m
Holdings
Measure	PAPI	WDTE
Holdings in common	0%

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

IQ Income Score96.1PAPI35.6WDTE

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

WDTE 35.6

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

By the books each fund has filed, PAPI and WDTE hold 0% 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

0% in common

Positions both hold · largest shared weight first PAPI WDTE

Only in one fund ↓

Only in PAPI

Corning, Inc. 1.00%

TD SYNNEX Corp. 0.80%

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%

Only in WDTE

Spx Us 12/18/26 C600 95.18%

Spx 11/05/2026 7710.15 C 0.14%

Spx 11/05/2026 7688.62 C -0.28%

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 WDTE Defiance S&P 500 Weekly Distribution ETF · Option income on SPY, paying weekly

Issuer Parametric Defiance

Strategy covered call option income

Benchmark iShares Russell 1000 Value ETF (IWD) S&P 500 (SPY)

Pays monthly weekly

Payout rate, annualized 6.8% 30.3%

Expense ratio 0.29% 1.03%

Cash paid, 1 year 8.2% 27.9%

Price change, 1 year +14.3% −15.9%

Total return, 1 year +23.4% +14.1%

Benchmark return, 1 year +32.8% +14.8%

Ahead or behind −9.4 pts −0.7 pts

Return of capital, latest estimate not published 100%

Age 3.0 years 3.1 years

Net assets, PAPI as of Jun 30, 2026 and WDTE as of Nov 3, 2026 $400m $69m

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 WDTE: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	PAPI	WDTE	PAPI	WDTE	PAPI	WDTE
3 months	+6.6%	−0.4%	1.8%	7.3%	+2.6 pts	−0.2 pts
6 months	+13.2%	+4.6%	3.9%	14.4%	−0.7 pts	−0.4 pts
1 year	+23.4%	+14.1%	8.2%	27.9%	−9.4 pts	−0.7 pts
3 years	+44.5%	+50.8%	23.7%	78.5%	−39.8 pts	−32.1 pts
Since launchNot the same days: PAPI Oct 2023 · WDTE Sep 2023	+45.5%	+49.2%	23.9%	79.5%	−42.4 pts	−30.4 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.

WDTE

Over the year to Nov 4, 2026, WDTE paid 27.9% of its starting value in cash distributions while its price fell 15.9%. With every distribution reinvested, the fund returned +14.1%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 0.7 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 30.3%, paid weekly. Defiance estimates that 100% 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 WDTE?: Over the year to Nov 4, 2026, PAPI paid 8.2% of its starting price in cash and WDTE paid 27.9%, so WDTE 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 WDTE?: With every distribution reinvested, PAPI returned +23.4% and WDTE +14.1% over the year to Nov 4, 2026.
Which is cheaper, PAPI or WDTE?: PAPI charges 0.29% a year and WDTE charges 1.03%, so PAPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

PAPI vs XYLG PAPI vs XRMI PAPI vs ACSP PAPI vs JOYT WDTE vs CDPI WDTE vs YLDE WDTE vs SDVD WDTE vs VAIE

Where to next

iShares Russell 1000 Value ETF (IWD) →S&P 500 (SPY) →PAPI on its own →WDTE on its own →PAPI dividend history →PAPI holdings →WDTE dividend history →WDTE holdings →Method →Standards and sources →

Sources and dates

PAPI filings on SEC EDGAR ↗

PAPI prospectus with the expense ratio (SEC) ↗

Parametric website ↗

WDTE filings on SEC EDGAR ↗

WDTE prospectus with the expense ratio (SEC) ↗

WDTE 19a-1 distribution notice ↗

Defiance page for WDTE ↗

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

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