Which paid more, PAPI or XYLG?

Over the year to Nov 4, 2026, PAPI paid 8.2% of its starting price in cash and XYLG paid 12.7%, so XYLG 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 XYLG?

With every distribution reinvested, PAPI returned +23.4% and XYLG +15.6% over the year to Nov 4, 2026.

Which is cheaper, PAPI or XYLG?

PAPI charges 0.29% a year and XYLG charges 0.35%, so PAPI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

PAPI vs XYLG: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, XYLG paid 12.7% 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 $72m on Oct 12, 2026 for Global X S&P 500 Covered Call & Growth ETF.

PAPI on its own →XYLG on its own →

At a glance

8.2%

PAPI cash paid, 1 year

12.7%

XYLG cash paid, 1 year

+23.4%

PAPI total return, 1 year

+15.6%

XYLG 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.

XYLG · 1 year to Nov 4, 2026 0.8 pts ahead of SPY

XYLG

+15.6%

SPY

+14.8%

0.8 pts ahead of SPY

XYLG over 1 year: paid 12.7%, price +1.5%, total +15.6%, SPY +14.8%, +0.8 pts. Data to Nov 4, 2026.

SPY

+14.8%

XYLG

+15.6%

12.7% of it arrived as cash

0.8 pts ahead of SPY

Total return, distributions reinvested

0.8 pts ahead of SPY

XYLG over 1 year: paid 12.7%, price +1.5%, total +15.6%, SPY +14.8%, +0.8 pts. Data to Nov 4, 2026.

SPY

+14.8%

XYLG

+15.6%

0.8 pts ahead of SPY

12.7% of it arrived as cash. Both charts share one scale, 0 to +32.8%. XYLG over 1 year: paid 12.7%, price +1.5%, total +15.6%, SPY +14.8%, +0.8 pts. Data to Nov 4, 2026.

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

Pair scorecard

PAPI costs 0.06 points a year less; their one-year returns differ by 7.8 points.

Points (pts) are percentage points.

PAPI vs XYLG: Dividend Yield & Total Return
Measure	PAPI	XYLG
Paid and earned
Measure	PAPI	XYLG
Total return, 1 year	+23.4%	+15.6%
Price change, 1 year	rose 14.3%	rose 1.5%
Return of capital, issuer estimate		80% of the Sep 24, 2026 payment
Against its benchmark
Measure	PAPI	XYLG
Benchmark	iShares Russell 1000 Value ETF, measured through IWD	S&P 500, measured through SPY
Cost and size
Measure	PAPI	XYLG
Expense ratio	0.29%	0.35%
Net assets, PAPI as of Jun 30, 2026 and XYLG as of Oct 12, 2026	$400m	$72m
Holdings
Measure	PAPI	XYLG
Holdings in common	16%

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

IQ Income Score96.1PAPI70.4XYLG

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

XYLG 70.4

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

16%

By the books each fund has filed, PAPI and XYLG hold 16% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

50%

0 half 100%

half

16% in common

Positions both hold · largest shared weight first PAPI XYLG

Cisco Systems, Inc. 0.76% 0.71%

AbbVie, Inc. 0.64% 0.69%

Alphabet, Inc. 0.59% 3.26%

Johnson & Johnson 0.56% 0.96%

Coca-Cola Co. (The) 0.56% 0.53%

Home Depot, Inc. (The) 0.54% 0.52%

Merck & Co., Inc. 0.59% 0.50%

Procter & Gamble Co. (The) 0.49% 0.53%

Costco Wholesale Corp. 0.48% 0.66%

RTX Corp. 0.51% 0.45%

Chevron Corp. 0.45% 0.58%

Microsoft Corp. 0.39% 5.39%

Only in one fund ↓

Only in PAPI

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%

Reynolds Consumer Products, Inc. 0.68%

MSC Industrial Direct Co., Inc. 0.66%

Wendy's Co. (The) 0.63%

Only in XYLG

NVIDIA CORPORATION 7.60%

APPLE INC. 7.09%

AMAZON.COM, INC. 4.15%

BROADCOM INC. 2.88%

ALPHABET INC. 2.63%

META PLATFORMS, INC. 1.91%

JPMORGAN CHASE & CO. 1.47%

BERKSHIRE HATHAWAY INC. 1.46%

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 XYLG Global X S&P 500 Covered Call & Growth ETF · Covered call on SPY, paying monthly

Issuer Parametric Global X

Strategy covered call covered call

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

Pays monthly monthly

Payout rate, annualized 6.8% 4.4%

Expense ratio 0.29% 0.35%

Cash paid, 1 year 8.2% 12.7%

Price change, 1 year +14.3% +1.5%

Total return, 1 year +23.4% +15.6%

Benchmark return, 1 year +32.8% +14.8%

Ahead or behind −9.4 pts +0.8 pts

Return of capital, latest estimate not published 80%

Age 3.0 years 6.1 years

Net assets, PAPI as of Jun 30, 2026 and XYLG as of Oct 12, 2026 $400m $72m

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 XYLG: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	PAPI	XYLG	PAPI	XYLG	PAPI	XYLG
3 months	+6.6%	+1.4%	1.8%	1.1%	+2.6 pts	+1.5 pts
6 months	+13.2%	+6.7%	3.9%	2.5%	−0.7 pts	+1.7 pts
1 year	+23.4%	+15.6%	8.2%	12.7%	−9.4 pts	+0.8 pts
3 years	+44.5%	+65.6%	23.7%	44.3%	−39.8 pts	−17.4 pts
Since launchNot the same days: PAPI Oct 2023 · XYLG Sep 2020	+45.5%	+116.0%	23.9%	69.8%	−42.4 pts	−38.4 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.

XYLG

Over the year to Nov 4, 2026, XYLG paid 12.7% of its starting value in cash distributions while its price rose 1.5%. With every distribution reinvested, the fund returned +15.6%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was ahead by 0.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 4.4%, paid monthly. Global X estimates that 80% of the distribution paid Sep 24, 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 XYLG?: Over the year to Nov 4, 2026, PAPI paid 8.2% of its starting price in cash and XYLG paid 12.7%, so XYLG 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 XYLG?: With every distribution reinvested, PAPI returned +23.4% and XYLG +15.6% over the year to Nov 4, 2026.
Which is cheaper, PAPI or XYLG?: PAPI charges 0.29% a year and XYLG charges 0.35%, so PAPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

PAPI vs DRKY PAPI vs QUSA PAPI vs SCLZ PAPI vs JULH XYLG vs CDPI XYLG vs YLDE XYLG vs SDVD XYLG vs VAIE

Where to next

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

Sources and dates

PAPI filings on SEC EDGAR ↗

PAPI prospectus with the expense ratio (SEC) ↗

Parametric website ↗

XYLG filings on SEC EDGAR ↗

XYLG prospectus with the expense ratio (SEC) ↗

XYLG 19a-1 distribution notice ↗

Global X page for XYLG ↗

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

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