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PAPIvsIMCVETF 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

IMCV

iShares Morningstar Mid-Cap Value ETF

This fund is part of

US Mid Cap Value

+1.05%

Full IMCV fund page

Parametric Equity Premium Income ETF (PAPI) belongs to the Options Strategies segment. iShares Morningstar Mid-Cap Value ETF (IMCV) is part of the US Mid Cap Value segment. PAPI's top 3 sector exposures are Information Technology, Consumer Discretionary and Energy. In contrast, IMCV's top sector exposures are Financials, Energy and Industrials. PAPI is more expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.06% for IMCV. PAPI is up 7.77% year-to-date (YTD) with +$119M in YTD flows. IMCV performs better with 12.21% YTD performance, and +$71M in YTD flows. Run a side-by-side ETF comparison of PAPI and IMCV 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 IMCV 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 IMCV	+3.39%+3.90%	+0.85%+9.56%	+7.77%+12.21%	+13.48%+24.90%	n/a+58.82%	n/a+56.80%
Flows	PAPI IMCV	+$24M+$27M	+$75M+$31M	+$119M+$71M	+$174M+$220M	-+$280M	-+$342M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PAPI IMCV	+8.89%+11.17%	+10.25%+11.82%	n/a+14.22%	n/a+16.60%
Max drawdown	PAPI IMCV	-4.77%-2.70%	-6.88%-7.02%	n/a-18.64%	n/a-19.72%
Max drawdown duration	PAPI IMCV	65d15d	102d62d	n/a269d	n/a602d

Trading data

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	PAPI	IMCV
Last sale 6/12/2026 at 1:30 PM	$26.95	$91.87
Previous close 06/11/2026	$26.69	$91.04
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	IMCV
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	IMCV
Last price	$26.95	$91.87
1D performance	+0.97%	+0.91%
AuM	$401.56 M	$1.09 B
E/R	0.29%	0.06%

Characteristics

	PAPI	IMCV
Management strategy	Active	Passive
Provider	Morgan Stanley	iShares
Benchmark	-	Morningstar US Mid Cap Broad Value Index
N° of holdings	179	255
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	October 19, 2023	June 28, 2004
ESG	No	No

More PAPI data on Trackinsight

More IMCV data on Trackinsight

Exposure

Countries

PAPI

USA

86.23%

Other

13.77%

IMCV

USA

94.22%

Other

5.78%

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%

IMCV

Financials

15.13%

Energy

12.51%

Industrials

11.6%

Utilities

9.95%

Consumer Discreti.

9.32%

Information Techn.

8.4%

Other

33.09%

Diversification

PAPI

Total weight of top 15 holdings out of 15

9.44%

IMCV

Total weight of top 15 holdings out of 15

17.27%

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%

IMCV

NEWMONT CORP

1.64%

WILLIAMS

1.26%

PNC FINL SVC

1.23%

FEDEX

1.21%

US

1.20%

CSX

1.15%

SCHLUMBERGER

1.15%

ELEVANCE HEALTH INC

1.14%

UNITED PARCEL SERVICE-CL

1.10%

MONDELEZ INTERNATIONAL INC

1.08%

VALERO ENERGY

1.04%

EOG RESOURCES

1.04%

CIGNA

1.04%

ILLINOIS TOOL

1.01%

MARATHON PETROLEUM

0.98%

Frequently asked questions about PAPI and IMCV

How have the PAPI and IMCV ETFs performed in 2026?

As of June 12, 2026, PAPI is up 7.77% year-to-date (YTD), while IMCV has returned 12.21%. That puts IMCV better performer ahead so far this year.

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

Year-to-date, the PAPI ETF saw +$119M in flows, compared to +$71M for IMCV.

Which ETF is more volatile: PAPI or IMCV?

Over the past year, PAPI had a volatility of 10.25%, while IMCV experienced 11.82%.

Which ETF is bigger: PAPI or IMCV?

As of June 12, 2026, PAPI holds $401.56 M in assets under management (AUM), while IMCV manages $1.09 B.

What sectors do the PAPI and IMCV ETFs invest in?

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

PAPIvsIMCVETF Comparison

Parametric Equity Premium Income ETF

iShares Morningstar Mid-Cap Value ETF

PAPI vs IMCV 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 IMCV ETFs performed in 2026?

As of June 12, 2026, PAPI is up 7.77% year-to-date (YTD), while IMCV has returned 12.21%. That puts IMCV better performer ahead so far this year.

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

Year-to-date, the PAPI ETF saw +$119M in flows, compared to +$71M for IMCV.

Which ETF is more volatile: PAPI or IMCV?

Over the past year, PAPI had a volatility of 10.25%, while IMCV experienced 11.82%.

Which ETF is bigger: PAPI or IMCV?

As of June 12, 2026, PAPI holds $401.56 M in assets under management (AUM), while IMCV manages $1.09 B.

What sectors do the PAPI and IMCV ETFs invest in?

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

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

PAPI top holdings include PATTERSON UTI, TD SYNNEX and US71424F1057. IMCV holds in its top three: NEWMONT CORP, WILLIAMS and PNC FINL SVC.

Which ETF is more diversified: PAPI or IMCV?

PAPI holds 183 securities with 9.44% of its assets in the top 15. IMCV has 276 securities and a top 15 weight of 17.27%.

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