Keep tabs on your favorite ETFs with a personalized weekly tracker. Create a Watchlist now →
PAPIvsIMCVETF Comparison
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 Industrials. In contrast, IMCV's top sector exposures are Financials, Industrials and Energy. PAPI is more expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.06% for IMCV. PAPI is up 7.41% year-to-date (YTD) with +$44M in YTD flows. IMCV performs worse with 2.34% YTD performance, and +$40M 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.
PAPI vs IMCV performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PAPI IMCV | -3.00%-5.32% | +6.17%+1.43% | +7.41%+2.34% | +13.08%+19.86% | n/a+51.09% | n/a+49.83% |
| Flows | PAPI IMCV | +$31M+$27M | +$53M+$47M | +$44M+$40M | +$166M+$231M | -+$252M | -+$314M |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PAPI IMCV | +10.20%+11.85% | +13.84%+17.12% | n/a+14.66% | n/a+16.70% |
| Max drawdown | PAPI IMCV | -3.32%-5.73% | -11.32%-13.19% | n/a-18.64% | n/a-19.72% |
| Max drawdown duration | PAPI IMCV | 9d15d | 139d43d | n/a269d | n/a602d |
PAPI | IMCV | |
Last sale 3/13/2026 at 1:30 PM | $27.26 | $84.19 |
| Previous close 03/12/2026 | $27.26 | $84.24 |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Create an account to view replication metrics
PAPI | IMCV | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
PAPI | IMCV | |
|---|---|---|
| Last price | $27.26 | $84.19 |
| 1D performance | +0.02% | -0.06% |
| AuM | $331.66 M | $967.98 M |
| E/R | 0.29% | 0.06% |
PAPI | IMCV | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Morgan Stanley | iShares |
| Benchmark | - | Morningstar US Mid Cap Broad Value Index |
| N° of holdings | 182 | 256 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 19, 2023 | June 28, 2004 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the PAPI and IMCV ETFs performed in 2026?
As of March 11, 2026, PAPI is up 7.41% year-to-date (YTD), while IMCV has returned 2.34%. That puts PAPI better performer ahead so far this year.
Which ETF is attracting more investor money: PAPI or IMCV?
Year-to-date, the PAPI ETF saw +$44M in flows, compared to +$40M for IMCV.
Which ETF is more volatile: PAPI or IMCV?
Over the past year, PAPI had a volatility of 13.84%, while IMCV experienced 17.12%.
Which ETF is bigger: PAPI or IMCV?
As of March 11, 2026, PAPI holds $331.66 M in assets under management (AUM), while IMCV manages $967.98 M.
What sectors do the PAPI and IMCV ETFs invest in?
PAPI leans toward sectors like Information Technology, Consumer Discretionary and Industrials. Meanwhile, IMCV focuses on Financials, Industrials and Energy.
What are the top holdings of the PAPI ETF and IMCV ETF?
PAPI top holdings include ROBERT HALF, MANPOWERGROUP and CORNING. IMCV holds in its top three: NEWMONT CORP, PNC FINL SVC and US.
Which ETF is more diversified: PAPI or IMCV?
PAPI holds 187 securities with 9.1% of its assets in the top 15. IMCV has 275 securities and a top 15 weight of 17.13%.
Calamos Investments Powers the Next Phase of the Autocallable Revolution
Join J.P. Morgan’s Bram Kaplan, Head of Americas Equity Derivatives Strategy and Matt Kaufman from Calamos Investments as they dive into the growing global opportunity in autocallable income—an increasingly dominant strategy within structured products, now available through ETFs.
Accepted for 1 CE Credit
