Parametric Equity Premium Income ETF
$28.56+0.30 (+1.06%)
- 0.29%
- $544M
- +20.5%
- 7.86%
- 83.7K sh
- low $25.00high $28.54
The ETF.net PAPI Grade
B
Score 69 out of 100
- 14 of 52
Score 69 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A87 out of 100Rank 5 of 52Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C54 out of 100Rank 23 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C41 out of 100Rank 34 of 52Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A84 out of 100Rank 2 of 41Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B61 out of 100Rank 20 of 52
Our read on PAPI
In short
BParametric's take on covered-call income: an actively managed dividend-stock portfolio with an S&P 500 options overlay bolted on, paying monthly, at a fee far below what this corner of the market usually charges.
Stated mandate
Seeks consistent monthly income while preserving prospects for capital appreciation. It is actively managed and combines a dividend-paying equity portfolio with an option-writing overlay.
Why people hold it
Worth knowing
PAPI Holdings
- Stocks
- 220
- 7%
- Msilf Government
Sectors
- Consumer Discretionary12.1%
- Health Care11.2%
- Technology11.0%
- Financials10.6%
- Industrials10.5%
- Consumer Staples10.3%
- Energy10.1%
- Utilities10.0%
- Materials9.3%
- Communication4.9%
Geography
- United States97.72%
- Canada1.04%
- United Kingdom0.55%
- Ireland0.53%
- Switzerland0.15%
PAPI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
PAPI$12,052
Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | PAPI |
|---|---|
| Year to date | +16.8% |
| 1 month | +8.2% |
| 3 months | +4.2% |
| 1 year | +20.5% |
| 3 years | +13.2% |
| 5 years | |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PAPI |
|---|---|---|
| 2026 YTD | +16.8% | |
| 2025 | +6.3% | |
| 2024 | +8.9% | |
| 2023 | +5.4% |
PAPI in the news
PAPI Dividends
- 7.86%
- $2.22
- $0.16 per share
- Monthly
PAPI Risk
- 11.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.76
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −14.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.21
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
PAPI Cost
Overpaying vs PEPS, cheapest in S&P 500 Option Income
$3,846
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
PAPI 0.29%
$5,952
PEPS 0.10% Cheapest
$2,106
Cost over time
Year by year
| Year | PAPI | PEPS | Overpaying |
|---|---|---|---|
| 10 | $527 | $183 | $344 |
| 20 | $2,044 | $717 | $1,327 |
| 30 | $5,952 | $2,106 | $3,846 |
Other funds in S&P 500 Option Income
- APHEQParametric Hedged Equity ETFExpense ratio 0.29%1 year return +9.7%
- AXYLGGlobal X S&P 500 Covered Call & Growth ETFExpense ratio 0.35%1 year return +13.2%
- BNBOSNeuberger Berman Option Strategy ETFExpense ratio 0.59%1 year return +13.5%
- BWTPIWisdomTree Equity Premium Income FundExpense ratio 0.44%1 year return +9.4%
- BFTHIFirst Trust BuyWrite Income ETFExpense ratio 0.75%1 year return +7.1%
