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PAPIvsDFVEETF Comparison

ETF 1

PAPI

Parametric Equity Premium Income ETF

This fund is part of

Options Strategies

-0.04%

Full PAPI fund page

VS

ETF 2

DFVE

DoubleLine Fortune 500 Equal Weight ETF

This fund is part of

US Large Cap

+0.11%

Full DFVE fund page

Parametric Equity Premium Income ETF (PAPI) belongs to the Options Strategies segment. DoubleLine Fortune 500 Equal Weight ETF (DFVE) is part of the US Large Cap segment. PAPI's top 3 sector exposures are Energy, Information Technology and Consumer Discretionary. In contrast, DFVE's top sector exposures are Consumer Discretionary, Industrials and Financials. PAPI is more expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.2% for DFVE. PAPI is up 5.1% year-to-date (YTD) with +$86M in YTD flows. DFVE performs better with 7.95% YTD performance, and +$8M in YTD flows. Run a side-by-side ETF comparison of PAPI and DFVE 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 DFVE performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PAPI DFVE	-1.75%+6.41%	+0.02%+3.40%	+5.10%+7.95%	+13.05%+29.55%	n/an/a	n/an/a
Flows	PAPI DFVE	+$34M+$2M	+$77M+$8M	+$86M+$8M	+$172M+$13M	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PAPI DFVE	+10.17%+14.03%	+10.37%+13.24%	n/an/a	n/an/a
Max drawdown	PAPI DFVE	-5.39%-7.78%	-5.39%-7.78%	n/an/a	n/an/a
Max drawdown duration	PAPI DFVE	53d64d	53d64d	n/an/a	n/an/a

Trading data

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	PAPI	DFVE
Last sale 4/28/2026 at 1:30 PM	$26.67	$34.19
Previous close 04/27/2026	$26.64	$34.29
Consolidated volume 04/27/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 2026

1-year trailing difference

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PAPI

is actively managed and doesn’t replicate an index

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	PAPI	DFVE
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/28/2026 at 1:30 PM

Live

Closed

	PAPI	DFVE
Last price	$26.67	$34.19
1D performance	+0.11%	-0.30%
AuM	$362.95 M	$30.84 M
E/R	0.29%	0.2%

Characteristics

	PAPI	DFVE
Management strategy	Active	Passive
Provider	Morgan Stanley	DoubleLine
Benchmark	-	Barclays Fortune 500 Equal Weighted Index
N° of holdings	183	427
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	October 19, 2023	February 1, 2024
ESG	No	No

More PAPI data on Trackinsight

More DFVE data on Trackinsight

Exposure

Countries

PAPI

USA

88.73%

Other

11.27%

DFVE

USA

97.64%

Other

2.36%

Sectors

PAPI

Energy

11.8%

Information Techn.

11.24%

Consumer Discreti.

10.11%

Utilities

9.9%

Materials

9.88%

Industrials

9.4%

Other

37.67%

DFVE

Consumer Discreti.

15.68%

Industrials

15.65%

Financials

13.42%

Information Techn.

11.04%

Health Care

8.78%

Consumer Staples

7.47%

Other

27.96%

Diversification

PAPI

Total weight of top 15 holdings out of 15

10.87%

DFVE

Total weight of top 15 holdings out of 15

4.71%

Top 15 holdings

Data as of March 31, 2026

PAPI

PATTERSON UTI

0.84%

US71424F1057

0.82%

CORNING

0.76%

VALERO ENERGY

0.75%

LYONDELLBASELL INDUSTRIES

0.74%

GB00BMXNWH07

0.73%

PHILLIPS 66

0.73%

MAGNOLIA OIL AND GAS CORP

0.72%

CHORD ENERGY CORPORATION

0.70%

EXXON

0.69%

DOW INC

0.69%

CHEVRON TEXACO

0.69%

INTERNATIONAL SEAWAYS

0.68%

ROYALTY PHARMA

0.67%

COTERRA ENERGY

0.67%

DFVE

AVIS BUDGET

0.37%

PAR PACIFIC HOLDINGS INC

0.36%

APA CORPORATION

0.35%

DOW INC

0.32%

DELL TECHNOLOGIES INC

0.32%

PBF ENERGY INC (ORDINARY)

0.32%

DELEK US HOLDINGS

0.31%

MURPHY USA

0.30%

HF SINCLAIR CORPORATION

0.30%

MARATHON PETROLEUM

0.30%

CAESARS ENTERTAINMENT INC

0.30%

CELANESE SR

0.29%

OCCIDENTAL U

0.29%

VALERO ENERGY

0.29%

NETFLIX

0.29%

Frequently asked questions about PAPI and DFVE

How have the PAPI and DFVE ETFs performed in 2026?

As of April 24, 2026, PAPI is up 5.1% year-to-date (YTD), while DFVE has returned 7.95%. That puts DFVE better performer ahead so far this year.

Which ETF is attracting more investor money: PAPI or DFVE?

Year-to-date, the PAPI ETF saw +$86M in flows, compared to +$8M for DFVE.

Which ETF is more volatile: PAPI or DFVE?

Over the past year, PAPI had a volatility of 10.37%, while DFVE experienced 13.24%.

Which ETF is bigger: PAPI or DFVE?

As of April 24, 2026, PAPI holds $362.95 M in assets under management (AUM), while DFVE manages $30.84 M.

What sectors do the PAPI and DFVE ETFs invest in?

PAPI leans toward sectors like Energy, Information Technology and Consumer Discretionary. Meanwhile, DFVE focuses on Consumer Discretionary, Industrials and Financials.

What are the top holdings of the PAPI ETF and DFVE ETF?

PAPI top holdings include PATTERSON UTI, US71424F1057 and CORNING. DFVE holds in its top three: AVIS BUDGET, PAR PACIFIC HOLDINGS INC and APA CORPORATION.

PAPIvsDFVEETF Comparison

Parametric Equity Premium Income ETF

DoubleLine Fortune 500 Equal Weight ETF

PAPI vs DFVE performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the PAPI and DFVE ETFs performed in 2026?

As of April 24, 2026, PAPI is up 5.1% year-to-date (YTD), while DFVE has returned 7.95%. That puts DFVE better performer ahead so far this year.

Which ETF is attracting more investor money: PAPI or DFVE?

Year-to-date, the PAPI ETF saw +$86M in flows, compared to +$8M for DFVE.

Which ETF is more volatile: PAPI or DFVE?

Over the past year, PAPI had a volatility of 10.37%, while DFVE experienced 13.24%.

Which ETF is bigger: PAPI or DFVE?

As of April 24, 2026, PAPI holds $362.95 M in assets under management (AUM), while DFVE manages $30.84 M.

What sectors do the PAPI and DFVE ETFs invest in?

PAPI leans toward sectors like Energy, Information Technology and Consumer Discretionary. Meanwhile, DFVE focuses on Consumer Discretionary, Industrials and Financials.

What are the top holdings of the PAPI ETF and DFVE ETF?

PAPI top holdings include PATTERSON UTI, US71424F1057 and CORNING. DFVE holds in its top three: AVIS BUDGET, PAR PACIFIC HOLDINGS INC and APA CORPORATION.

Which ETF is more diversified: PAPI or DFVE?

PAPI holds 188 securities with 10.87% of its assets in the top 15. DFVE has 437 securities and a top 15 weight of 4.71%.

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