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PAPIvsEQALETF Comparison

ETF 1

PAPI

Parametric Equity Premium Income ETF

This fund is part of

Options Strategies

+0.4%

Full PAPI fund page

VS

ETF 2

EQAL

Invesco Russell 1000 Equal Weight ETF

This fund is part of

US Large Cap

+0.54%

Full EQAL fund page

Parametric Equity Premium Income ETF (PAPI) belongs to the Options Strategies segment. Invesco Russell 1000 Equal Weight ETF (EQAL) is part of the US Large Cap segment. PAPI's top 3 sector exposures are Information Technology, Consumer Discretionary and Energy. In contrast, EQAL's top sector exposures are Information Technology, Industrials and Financials. PAPI is more expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.2% for EQAL. PAPI is up 7.77% year-to-date (YTD) with +$119M in YTD flows. EQAL performs better with 13.67% YTD performance, and +$36M in YTD flows. Run a side-by-side ETF comparison of PAPI and EQAL 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 EQAL 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 06/12/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PAPI EQAL	+3.39%+3.36%	+0.85%+8.59%	+7.77%+13.67%	+13.48%+24.19%	n/a+52.91%	n/a+40.63%
Flows	PAPI EQAL	+$24M+$14K	+$75M+$3M	+$119M+$36M	+$174M+$30M	-+$17M	--$7M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PAPI EQAL	+8.89%+13.03%	+10.25%+12.47%	n/a+15.05%	n/a+17.24%
Max drawdown	PAPI EQAL	-4.77%-3.06%	-6.88%-6.60%	n/a-19.52%	n/a-21.70%
Max drawdown duration	PAPI EQAL	65d15d	102d44d	n/a233d	n/a869d

Trading data

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	PAPI	EQAL
Last sale 6/12/2026 at 1:30 PM	$26.95	$59.47
Previous close 06/11/2026	$26.69	$58.98
Consolidated volume 06/11/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of May 29, 2026

1-year trailing difference

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PAPI

is actively managed and doesn’t replicate an index

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

Main metrics

Last update 6/12/2026 at 1:30 PM

Live

Closed

	PAPI	EQAL
Last price	$26.95	$59.47
1D performance	+0.97%	+0.83%
AuM	$401.56 M	$816.74 M
E/R	0.29%	0.2%

Characteristics

	PAPI	EQAL
Management strategy	Active	Passive
Provider	Morgan Stanley	Invesco
Benchmark	-	Russell 1000 Equal Weight Index
N° of holdings	179	905
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	October 19, 2023	December 23, 2014
ESG	No	No

More PAPI data on Trackinsight

More EQAL data on Trackinsight

Exposure

Countries

PAPI

USA

86.23%

Other

13.77%

EQAL

USA

93.37%

Other

6.63%

Sectors

PAPI

Information Techn.

11.9%

Consumer Discreti.

10.61%

Energy

9.79%

Industrials

9.74%

Health Care

9.62%

Utilities

9.41%

Other

38.93%

EQAL

Information Techn.

12.59%

Industrials

8.99%

Financials

8.84%

Health Care

8.66%

Materials

8.39%

Real Estate

8.16%

Other

44.37%

Diversification

PAPI

Total weight of top 15 holdings out of 15

9.44%

EQAL

Total weight of top 15 holdings out of 15

8.22%

Top 15 holdings

Data as of April 30, 2026

PAPI

PATTERSON UTI

0.71%

TD SYNNEX

0.67%

US71424F1057

0.66%

INTERNATIONAL SEAWAYS

0.66%

TARGET

0.65%

ROYALTY PHARMA

0.64%

GB00BMXNWH07

0.63%

TEXAS INSTRUMENTS

0.63%

CUMMINS

0.63%

AVNET

0.62%

CORNING

0.60%

ANALOG DEVICES

0.60%

VALERO ENERGY

0.59%

ALPHABET INC-CL

0.58%

POWER INTEGRATIONS

0.57%

EQAL

IRIDIUM COMMUNICATIONS

0.73%

CIENA

0.73%

LUMENTUM HOLDINGS

0.67%

UBIQUITI INC

0.65%

US0404132054

0.62%

ROKU INC

0.58%

MILLICOM INTERNATIONAL CELLULAR

0.56%

CISCO-T

0.55%

US36164V8000

0.46%

BMG611881019

0.45%

MOTOROLA SOLUTIONS

0.45%

AT&T

0.45%

VERIZON COMMUNICATIONS

0.45%

COMCAST

0.44%

AST SPACEMOBILE

0.43%

Frequently asked questions about PAPI and EQAL

How have the PAPI and EQAL ETFs performed in 2026?

As of June 12, 2026, PAPI is up 7.77% year-to-date (YTD), while EQAL has returned 13.67%. That puts EQAL better performer ahead so far this year.

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

Year-to-date, the PAPI ETF saw +$119M in flows, compared to +$36M for EQAL.

Which ETF is more volatile: PAPI or EQAL?

Over the past year, PAPI had a volatility of 10.25%, while EQAL experienced 12.47%.

Which ETF is bigger: PAPI or EQAL?

As of June 12, 2026, PAPI holds $401.56 M in assets under management (AUM), while EQAL manages $816.74 M.

What sectors do the PAPI and EQAL ETFs invest in?

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

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

PAPI top holdings include PATTERSON UTI, TD SYNNEX and US71424F1057. EQAL holds in its top three: IRIDIUM COMMUNICATIONS, CIENA and LUMENTUM HOLDINGS.

Which ETF is more diversified: PAPI or EQAL?

PAPI holds 183 securities with 9.44% of its assets in the top 15. EQAL has 989 securities and a top 15 weight of 8.22%.

Tony's ETF Buyers Guide: Equal-Weight ETFs

May 14, 2024

EQAL

PAPIvsEQALETF Comparison

Parametric Equity Premium Income ETF

Invesco Russell 1000 Equal Weight ETF

PAPI vs EQAL 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 EQAL ETFs performed in 2026?

As of June 12, 2026, PAPI is up 7.77% year-to-date (YTD), while EQAL has returned 13.67%. That puts EQAL better performer ahead so far this year.

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

Year-to-date, the PAPI ETF saw +$119M in flows, compared to +$36M for EQAL.

Which ETF is more volatile: PAPI or EQAL?

Over the past year, PAPI had a volatility of 10.25%, while EQAL experienced 12.47%.

Which ETF is bigger: PAPI or EQAL?

As of June 12, 2026, PAPI holds $401.56 M in assets under management (AUM), while EQAL manages $816.74 M.

What sectors do the PAPI and EQAL ETFs invest in?

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

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

PAPI top holdings include PATTERSON UTI, TD SYNNEX and US71424F1057. EQAL holds in its top three: IRIDIUM COMMUNICATIONS, CIENA and LUMENTUM HOLDINGS.

Which ETF is more diversified: PAPI or EQAL?

PAPI holds 183 securities with 9.44% of its assets in the top 15. EQAL has 989 securities and a top 15 weight of 8.22%.

Tony's ETF Buyers Guide: Equal-Weight ETFs

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