PAPIvsDFVEETF Comparison
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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 Technology, Non-Energy Materials and Consumer Non-Cyclicals. In contrast, DFVE's top sector exposures are Finance, Industrials and Technology. PAPI is more expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.2% for DFVE. PAPI is up 13.3% year-to-date (YTD) with +$147M in YTD flows. DFVE performs better with 14.69% YTD performance, and +$12M 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
Historic performance and flows
Data as of 07/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PAPI DFVE | +4.86%+2.28% | +7.56%+6.25% | +13.30%+14.69% | +18.21%+20.91% | n/an/a | n/an/a |
| Flows | PAPI DFVE | +$26M+$4M | +$60M+$4M | +$147M+$12M | +$185M+$16M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PAPI DFVE | +9.84%+10.53% | +10.30%+12.48% | n/an/a | n/an/a |
| Max drawdown | PAPI DFVE | -2.98%-2.68% | -6.88%-7.78% | n/an/a | n/an/a |
| Max drawdown duration | PAPI DFVE | 41d16d | 135d64d | n/an/a | n/an/a |
Trading data
PAPI | DFVE | |
Last sale 7/29/2026 at 1:30 PM | $28.18 | $36.61 |
| Previous close 07/28/2026 | $28.16 | $36.98 |
| 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 | DFVE | |
|---|---|---|
| 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 | DFVE | |
|---|---|---|
| Last price | $28.18 | $36.61 |
| 1D performance | +0.07% | -1.01% |
| AuM | $447.11 M | $37.01 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 | 188 | 460 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 19, 2023 | February 1, 2024 |
| ESG | No | No |
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Exposure
Countries
PAPI
USA
94.1%
Other
5.9%
DFVE
USA
98.57%
Other
1.43%
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%
DFVE
Finance
16.98%
Industrials
14.77%
Technology
10.79%
Consumer Non-Cycl.
10.37%
Healthcare
10.12%
Consumer Cyclical.
9.61%
Other
27.34%
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Diversification
PAPI
Total weight of top 15 holdings out of 15
11.22%
DFVE
Total weight of top 15 holdings out of 15
4.54%
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%
DFVE
Optimum Communications, Inc.
0.49%
Applied Materials, Inc.
0.34%
KLA Corp.
0.33%
Marvell Technology, Inc.
0.32%
Dell Technologies, Inc.
0.30%
Palo Alto Networks, Inc.
0.29%
Kohl's Corp.
0.29%
Lam Research Corp.
0.29%
Corning, Inc.
0.28%
Owens Corning
0.27%
Humana, Inc.
0.27%
Oscar Health, Inc.
0.27%
Molina Healthcare, Inc.
0.27%
Wayfair, Inc.
0.27%
Dollar Tree, Inc.
0.27%
Frequently asked questions about PAPI and DFVE
How have the PAPI and DFVE ETFs performed in 2026?
As of July 28, 2026, PAPI is up 13.3% year-to-date (YTD), while DFVE has returned 14.69%. 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 +$147M in flows, compared to +$12M for DFVE.
Which ETF is more volatile: PAPI or DFVE?
Over the past year, PAPI had a volatility of 10.3%, while DFVE experienced 12.48%.
Which ETF is bigger: PAPI or DFVE?
As of July 28, 2026, PAPI holds $447.11 M in assets under management (AUM), while DFVE manages $37.01 M.
What sectors do the PAPI and DFVE ETFs invest in?
PAPI leans toward sectors like Technology, Non-Energy Materials and Consumer Non-Cyclicals. Meanwhile, DFVE focuses on Finance, Industrials and Technology.
What are the top holdings of the PAPI ETF and DFVE ETF?
PAPI top holdings include Morgan Stanley Instl. Liquidity Funds - Government Portfolio, Corning, Inc. and TD SYNNEX Corp.. DFVE holds in its top three: Optimum Communications, Inc., Applied Materials, Inc. and KLA Corp..
Which ETF is more diversified: PAPI or DFVE?
PAPI holds 189 securities with 11.22% of its assets in the top 15. DFVE has 464 securities and a top 15 weight of 4.54%.
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