Data as of Nov 4, 2026.
PAPI vs XVSP: Dividend Yield & Total Return
PAPI and XVSP both write options for income.
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Net assets: $400m on Jun 30, 2026 for Parametric Equity Premium Income ETF, and $4.5m on Nov 3, 2026 for FT Vest SPCX & Target Income 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.About even with SPCX
XVSP since launch: paid 2.7%, price −4.6%, total −2.2%, SPCX −2.7%, +0.5 pts. Data to Nov 4, 2026.
SPCX
−2.7%
XVSP
−2.2%
about even with SPCX
Total return, distributions reinvested
About even with SPCX
XVSP since launch: paid 2.7%, price −4.6%, total −2.2%, SPCX −2.7%, +0.5 pts. Data to Nov 4, 2026.
SPCX
−2.7%
XVSP
−2.2%
about even with SPCX
2.7% of it arrived as cash. Both charts share one scale, with zero at the line. XVSP since launch: paid 2.7%, price −4.6%, total −2.2%, SPCX −2.7%, +0.5 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
PAPI costs 0.56 points a year less.
Points (pts) are percentage points.
| Measure | PAPI | XVSP |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +23.4% | not published |
| Price change | rose 14.3% (1 year) | fell 4.6% (since Aug 26, 2026) |
| Against its benchmark | ||
| Benchmark | iShares Russell 1000 Value ETF, measured through IWD | Space Exploration Technologies (SPCX) |
| Cost and size | ||
| Expense ratio | 0.29% | 0.85% |
| Net assets, PAPI as of Jun 30, 2026 and XVSP as of Nov 3, 2026 | $400m | $4.5m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, PAPI and XVSP hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.
half
0% 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 | XVSP | PAPI | XVSP | PAPI | XVSP |
| 3 months | +6.6% | – | 1.8% | – | +2.6 pts | – |
| 6 months | +13.2% | – | 3.9% | – | −0.7 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 · XVSP Aug 2026 | +45.5% | −2.2% | 23.9% | 2.7% | −42.4 pts | +0.4 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.
XVSP
Over the period from its first trade on Aug 26, 2026 to Nov 4, 2026, XVSP paid 2.7% of its starting value in cash distributions while its price fell 4.6%. With every distribution reinvested, the fund returned −2.2%. Space Exploration Technologies (SPCX) returned −2.7% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 16.6%, paid periodically. First Trust 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
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 XVSP, data as of Nov 4, 2026. https://etfiq.com/compare/income/papi-vs-xvsp
ETFIQ. (Nov 4, 2026). PAPI against XVSP. Retrieved from https://etfiq.com/compare/income/papi-vs-xvsp
[PAPI against XVSP (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/papi-vs-xvsp)
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