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PAPIvsIMCVETF 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

IMCV

iShares Morningstar Mid-Cap Value ETF

This fund is part of

US Mid Cap Value

+0%

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 Energy, Information Technology and Consumer Discretionary. 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 5.1% year-to-date (YTD) with +$86M in YTD flows. IMCV performs better with 7.82% YTD performance, and +$44M 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 04/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PAPI IMCV	-1.75%+5.59%	+0.02%+3.80%	+5.10%+7.82%	+13.05%+26.51%	n/a+53.84%	n/a+54.65%
Flows	PAPI IMCV	+$34M+$4M	+$77M+$35M	+$86M+$44M	+$172M+$211M	-+$247M	-+$321M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PAPI IMCV	+10.17%+12.40%	+10.37%+12.21%	n/a+14.42%	n/a+16.66%
Max drawdown	PAPI IMCV	-5.39%-7.02%	-5.39%-7.02%	n/a-18.64%	n/a-19.72%
Max drawdown duration	PAPI IMCV	53d60d	53d60d	n/a269d	n/a602d

Trading data

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	PAPI	IMCV
Last sale 4/28/2026 at 1:30 PM	$26.67	$88.26
Previous close 04/27/2026	$26.64	$88.37
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	IMCV
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	IMCV
Last price	$26.67	$88.26
1D performance	+0.11%	-0.13%
AuM	$362.95 M	$1.02 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	183	256
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

88.73%

Other

11.27%

IMCV

USA

94.27%

Other

5.73%

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%

IMCV

Financials

14.83%

Energy

12.87%

Industrials

11.3%

Utilities

10.4%

Consumer Discreti.

9.52%

Health Care

8.06%

Other

33.03%

Diversification

PAPI

Total weight of top 15 holdings out of 15

10.87%

IMCV

Total weight of top 15 holdings out of 15

17.1%

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%

IMCV

NEWMONT CORP

1.68%

WILLIAMS

1.26%

PNC FINL SVC

1.20%

US

1.16%

EOG RESOURCES

1.12%

FEDEX

1.12%

REGENERON PHARMACEUTICALS

1.11%

CSX

1.09%

SCHLUMBERGER

1.09%

ILLINOIS TOOL

1.08%

VALERO ENERGY

1.07%

MONDELEZ INTERNATIONAL INC

1.07%

UNITED PARCEL SERVICE-CL

1.04%

MARATHON PETROLEUM

1.01%

CIGNA

1.00%

Frequently asked questions about PAPI and IMCV

How have the PAPI and IMCV ETFs performed in 2026?

As of April 24, 2026, PAPI is up 5.1% year-to-date (YTD), while IMCV has returned 7.82%. 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 +$86M in flows, compared to +$44M for IMCV.

Which ETF is more volatile: PAPI or IMCV?

Over the past year, PAPI had a volatility of 10.37%, while IMCV experienced 12.21%.

Which ETF is bigger: PAPI or IMCV?

As of April 24, 2026, PAPI holds $362.95 M in assets under management (AUM), while IMCV manages $1.02 B.

What sectors do the PAPI and IMCV ETFs invest in?

PAPI leans toward sectors like Energy, Information Technology and Consumer Discretionary. 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 April 24, 2026, PAPI is up 5.1% year-to-date (YTD), while IMCV has returned 7.82%. 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 +$86M in flows, compared to +$44M for IMCV.

Which ETF is more volatile: PAPI or IMCV?

Over the past year, PAPI had a volatility of 10.37%, while IMCV experienced 12.21%.

Which ETF is bigger: PAPI or IMCV?

As of April 24, 2026, PAPI holds $362.95 M in assets under management (AUM), while IMCV manages $1.02 B.

What sectors do the PAPI and IMCV ETFs invest in?

PAPI leans toward sectors like Energy, Information Technology and Consumer Discretionary. 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, US71424F1057 and CORNING. IMCV holds in its top three: NEWMONT CORP, WILLIAMS and PNC FINL SVC.

Which ETF is more diversified: PAPI or IMCV?

PAPI holds 188 securities with 10.87% of its assets in the top 15. IMCV has 275 securities and a top 15 weight of 17.1%.

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