BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

PAPIvsFCTRETF Comparison

ETF 1

PAPI

Parametric Equity Premium Income ETF

This fund is part of

Options Strategies

-0.03%

Full PAPI fund page

VS

ETF 2

FCTR

First Trust Lunt U.S. Factor Rotation ETF

This fund is part of

US Multi-Factor

-0.05%

Full FCTR fund page

Parametric Equity Premium Income ETF (PAPI) belongs to the Options Strategies segment. First Trust Lunt U.S. Factor Rotation ETF (FCTR) is part of the US Multi-Factor segment. PAPI's top 3 sector exposures are Energy, Information Technology and Consumer Discretionary. In contrast, FCTR's top sector exposures are Financials, Information Technology and Consumer Staples. PAPI is less expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.65% for FCTR. PAPI is up 5.33% year-to-date (YTD) with +$88M in YTD flows. FCTR performs worse with 5.2% YTD performance, and -$4M in YTD flows. Run a side-by-side ETF comparison of PAPI and FCTR below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

Find out how industry players manage ETF portfolios. Discover our library of Model portfolios

PAPI vs FCTR performance and flow charts

Performance

Cumulative Flows

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

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 04/28/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PAPI FCTR	-1.89%+6.51%	+0.62%-1.20%	+5.33%+5.20%	+13.30%+21.50%	n/a+48.62%	n/a+14.05%
Flows	PAPI FCTR	+$30M-	+$78M-$4M	+$88M-$4M	+$163M-$19M	--$175M	--$70M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PAPI FCTR	+10.14%+14.23%	+10.35%+16.59%	n/a+18.09%	n/a+19.77%
Max drawdown	PAPI FCTR	-5.39%-7.50%	-5.39%-11.18%	n/a-22.60%	n/a-37.23%
Max drawdown duration	PAPI FCTR	57d90d	57d37d	n/a231d	n/a1186d

Trading data

Create an account to view trading data

Join for free

	PAPI	FCTR
Last sale 4/29/2026 at 1:30 PM	$26.68	$37.51
Previous close 04/29/2026	$26.67	$37.42
Consolidated volume 04/29/2026
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

Create an account to view replication metrics

Join for free

PAPI

is actively managed and doesn’t replicate an index

Create an account to view replication quality

Join for free

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

Main metrics

Last update 4/29/2026 at 1:30 PM

Live

Closed

	PAPI	FCTR
Last price	$26.68	$37.51
1D performance	+0.04%	+0.25%
AuM	$365.11 M	$52.42 M
E/R	0.29%	0.65%

Characteristics

	PAPI	FCTR
Management strategy	Active	Passive
Provider	Morgan Stanley	First Trust
Benchmark	-	Lunt Capital Large Cap Factor Rotation Index
N° of holdings	183	170
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	October 19, 2023	July 25, 2018
ESG	No	No

More PAPI data on Trackinsight

More FCTR data on Trackinsight

Exposure

Countries

PAPI

USA

88.73%

Other

11.27%

FCTR

USA

95.96%

Other

4.04%

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%

FCTR

Financials

17.22%

Information Techn.

11.43%

Consumer Staples

10.12%

Health Care

9.85%

Consumer Discreti.

8.95%

Utilities

8.95%

Other

33.48%

Diversification

PAPI

Total weight of top 15 holdings out of 15

10.87%

FCTR

Total weight of top 15 holdings out of 15

20.51%

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%

FCTR

DOW INC

1.97%

WARNER BROS. DISCOVERY

1.79%

TARGET

1.60%

INTEL-T

1.59%

ARCHER DANIELS

1.50%

LYONDELLBASELL INDUSTRIES

1.42%

COMCAST

1.40%

TYSON FOODS

1.32%

GENERAL MOTORS

1.22%

MODERNA INC

1.17%

DEVON ENERGY

1.15%

LOEWS

1.13%

CONSTELLATION BRANDS

1.13%

NUCOR

1.09%

EDISON INTERNATIONAL

1.03%

Frequently asked questions about PAPI and FCTR

How have the PAPI and FCTR ETFs performed in 2026?

As of April 28, 2026, PAPI is up 5.33% year-to-date (YTD), while FCTR has returned 5.2%. That puts PAPI better performer ahead so far this year.

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

Year-to-date, the PAPI ETF saw +$88M in flows, compared to -$4M for FCTR.

Which ETF is more volatile: PAPI or FCTR?

Over the past year, PAPI had a volatility of 10.35%, while FCTR experienced 16.59%.

Which ETF is bigger: PAPI or FCTR?

As of April 28, 2026, PAPI holds $365.11 M in assets under management (AUM), while FCTR manages $52.42 M.

What sectors do the PAPI and FCTR ETFs invest in?

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

PAPIvsFCTRETF Comparison

Parametric Equity Premium Income ETF

First Trust Lunt U.S. Factor Rotation ETF

PAPI vs FCTR 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 FCTR ETFs performed in 2026?

As of April 28, 2026, PAPI is up 5.33% year-to-date (YTD), while FCTR has returned 5.2%. That puts PAPI better performer ahead so far this year.

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

Year-to-date, the PAPI ETF saw +$88M in flows, compared to -$4M for FCTR.

Which ETF is more volatile: PAPI or FCTR?

Over the past year, PAPI had a volatility of 10.35%, while FCTR experienced 16.59%.

Which ETF is bigger: PAPI or FCTR?

As of April 28, 2026, PAPI holds $365.11 M in assets under management (AUM), while FCTR manages $52.42 M.

What sectors do the PAPI and FCTR ETFs invest in?

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

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

PAPI top holdings include PATTERSON UTI, US71424F1057 and CORNING. FCTR holds in its top three: DOW INC, WARNER BROS. DISCOVERY and TARGET.

Which ETF is more diversified: PAPI or FCTR?

PAPI holds 188 securities with 10.87% of its assets in the top 15. FCTR has 171 securities and a top 15 weight of 20.51%.

Expert-Built ETF Portfolios, All in One Place