PAPIvsAUSFETF Comparison
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Parametric Equity Premium Income ETF (PAPI) belongs to the Options Strategies segment. Global X Adaptive U.S. Factor ETF (AUSF) is part of the US Multi-Factor segment. PAPI's top 3 sector exposures are Technology, Non-Energy Materials and Consumer Non-Cyclicals. In contrast, AUSF's top sector exposures are Finance, Technology and Healthcare. PAPI is more expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.27% for AUSF. PAPI is up 13.3% year-to-date (YTD) with +$147M in YTD flows. AUSF performs better with 14.52% YTD performance, and +$68M in YTD flows. Run a side-by-side ETF comparison of PAPI and AUSF below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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PAPI vs AUSF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PAPI AUSF | +4.86%+6.48% | +7.56%+7.81% | +13.30%+14.52% | +18.21%+19.49% | n/a+71.74% | n/a+100.92% |
| Flows | PAPI AUSF | +$26M+$7M | +$60M-$6M | +$147M+$68M | +$185M+$132M | -+$533M | -+$521M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PAPI AUSF | +9.84%+10.78% | +10.30%+10.07% | n/a+12.67% | n/a+13.64% |
| Max drawdown | PAPI AUSF | -2.98%-3.23% | -6.88%-5.65% | n/a-12.33% | n/a-14.13% |
| Max drawdown duration | PAPI AUSF | 41d22d | 135d101d | n/a204d | n/a215d |
Trading data
PAPI | AUSF | |
Last sale 7/29/2026 at 1:30 PM | $28.18 | $52.22 |
| Previous close 07/28/2026 | $28.16 | $52.39 |
| Consolidated volume 07/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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PAPI
is actively managed and doesn’t replicate an indexPAPI | AUSF | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/29/2026 at 1:30 PM
Live
Closed
PAPI | AUSF | |
|---|---|---|
| Last price | $28.18 | $52.22 |
| 1D performance | +0.07% | -0.33% |
| AuM | $447.11 M | $914.90 M |
| E/R | 0.29% | 0.27% |
Characteristics
PAPI | AUSF | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Morgan Stanley | Global X |
| Benchmark | - | Adaptive Wealth Strategies U.S. Factor Index |
| N° of holdings | 188 | 191 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 19, 2023 | August 24, 2018 |
| ESG | No | No |
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Exposure
Countries
PAPI
USA
94.1%
Other
5.9%
AUSF
USA
94.6%
Other
5.4%
Sectors
PAPI
Technology
11.85%
Non-Energy Materi.
11.32%
Consumer Non-Cycl.
10.82%
Healthcare
10.66%
Finance
10.34%
Utilities
9.93%
Other
35.08%
AUSF
Finance
24.6%
Technology
13.8%
Healthcare
11.51%
Industrials
10.48%
Consumer Non-Cycl.
10.13%
Other
29.48%
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Diversification
PAPI
Total weight of top 15 holdings out of 15
11.22%
AUSF
Total weight of top 15 holdings out of 15
23.59%
Top 15 holdings
Data as of June 30, 2026
PAPI
Morgan Stanley Instl. Liquidity Funds - Government Portfolio
1.06%
Corning, Inc.
1.01%
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%
Texas Instruments Incorporated
0.71%
Avnet, Inc.
0.71%
Cummins, Inc.
0.70%
Reynolds Consumer Products, Inc.
0.68%
Target Corp.
0.67%
MSC Industrial Direct Co., Inc.
0.66%
Valero Energy Corp.
0.65%
Best Buy Co., Inc.
0.64%
AUSF
Cisco Systems, Inc.
1.97%
Verizon Communications, Inc.
1.91%
Royalty Pharma Plc
1.71%
Johnson & Johnson
1.71%
AT&T, Inc.
1.67%
Altria Group, Inc.
1.56%
Linde Plc
1.54%
Electronic Arts, Inc.
1.51%
Chart Industries, Inc.
1.50%
Waste Management, Inc.
1.44%
TXNM Energy, Inc.
1.44%
Berkshire Hathaway, Inc.
1.43%
The TJX Cos., Inc.
1.42%
RTX Corp.
1.41%
Motorola Solutions, Inc.
1.39%
Frequently asked questions about PAPI and AUSF
How have the PAPI and AUSF ETFs performed in 2026?
As of July 28, 2026, PAPI is up 13.3% year-to-date (YTD), while AUSF has returned 14.52%. That puts AUSF better performer ahead so far this year.
Which ETF is attracting more investor money: PAPI or AUSF?
Year-to-date, the PAPI ETF saw +$147M in flows, compared to +$68M for AUSF.
Which ETF is more volatile: PAPI or AUSF?
Over the past year, PAPI had a volatility of 10.3%, while AUSF experienced 10.07%.
Which ETF is bigger: PAPI or AUSF?
As of July 28, 2026, PAPI holds $447.11 M in assets under management (AUM), while AUSF manages $914.90 M.
What sectors do the PAPI and AUSF ETFs invest in?
PAPI leans toward sectors like Technology, Non-Energy Materials and Consumer Non-Cyclicals. Meanwhile, AUSF focuses on Finance, Technology and Healthcare.
What are the top holdings of the PAPI ETF and AUSF ETF?
PAPI top holdings include Morgan Stanley Instl. Liquidity Funds - Government Portfolio, Corning, Inc. and TD SYNNEX Corp.. AUSF holds in its top three: Cisco Systems, Inc., Verizon Communications, Inc. and Royalty Pharma Plc.
Which ETF is more diversified: PAPI or AUSF?
PAPI holds 189 securities with 11.22% of its assets in the top 15. AUSF has 194 securities and a top 15 weight of 23.59%.
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