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FABvsPAPIETF Comparison
First Trust Multi Cap Value AlphaDEX Fund ETF (FAB) belongs to the US Multi-Factor segment. Parametric Equity Premium Income ETF (PAPI) is part of the Options Strategies segment. FAB's top 3 sector exposures are Financials, Energy and Consumer Discretionary. In contrast, PAPI's top sector exposures are Information Technology, Consumer Discretionary and Industrials. FAB is more expensive with a Total Expense Ratio (TER) of 0.66%, versus 0.29% for PAPI. FAB is up 4.59% year-to-date (YTD) with +$5M in YTD flows. PAPI performs better with 7.41% YTD performance, and +$44M in YTD flows. Run a side-by-side ETF comparison of FAB and PAPI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
FAB vs PAPI performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FAB PAPI | -4.29%-3.00% | +3.11%+6.17% | +4.59%+7.41% | +21.31%+13.08% | +46.86%n/a | +44.70%n/a |
| Flows | FAB PAPI | -+$31M | +$5M+$53M | +$5M+$44M | -$7M+$166M | -$125M- | +$10M- |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FAB PAPI | +13.02%+10.20% | +19.98%+13.84% | +17.61%n/a | +19.15%n/a |
| Max drawdown | FAB PAPI | -5.57%-3.32% | -14.41%-11.32% | -22.74%n/a | -22.74%n/a |
| Max drawdown duration | FAB PAPI | 18d9d | 52d139d | 366dn/a | 366dn/a |
FAB | PAPI | |
Last sale 3/13/2026 at 1:30 PM | $93.20 | $27.26 |
| Previous close 03/12/2026 | $93.16 | $27.26 |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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FAB | PAPI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
FAB | PAPI | |
|---|---|---|
| Last price | $93.20 | $27.26 |
| 1D performance | +0.04% | +0.02% |
| AuM | $130.48 M | $331.66 M |
| E/R | 0.66% | 0.29% |
FAB | PAPI | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | First Trust | Morgan Stanley |
| Benchmark | NASDAQ AlphaDEX Multi Cap Value Index | - |
| N° of holdings | 636 | 182 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 8, 2007 | October 19, 2023 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the FAB and PAPI ETFs performed in 2026?
As of March 12, 2026, FAB is up 4.59% year-to-date (YTD), while PAPI has returned 7.41%. That puts PAPI better performer ahead so far this year.
Which ETF is attracting more investor money: FAB or PAPI?
Year-to-date, the FAB ETF saw +$5M in flows, compared to +$44M for PAPI.
Which ETF is more volatile: FAB or PAPI?
Over the past year, FAB had a volatility of 19.98%, while PAPI experienced 13.84%.
Which ETF is bigger: FAB or PAPI?
As of March 12, 2026, FAB holds $130.48 M in assets under management (AUM), while PAPI manages $331.66 M.
What sectors do the FAB and PAPI ETFs invest in?
FAB leans toward sectors like Financials, Energy and Consumer Discretionary. Meanwhile, PAPI focuses on Information Technology, Consumer Discretionary and Industrials.
What are the top holdings of the FAB ETF and PAPI ETF?
FAB top holdings include SCHLUMBERGER, CF INDUSTRIES HOLDINGS and EXXON. PAPI holds in its top three: ROBERT HALF, MANPOWERGROUP and CORNING.
Which ETF is more diversified: FAB or PAPI?
FAB holds 668 securities with 7.19% of its assets in the top 15. PAPI has 187 securities and a top 15 weight of 9.1%.
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