PAPIvsJPUSETF Comparison
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Parametric Equity Premium Income ETF (PAPI) belongs to the Options Strategies segment. JPMorgan Diversified Return U.S. Equity ETF (JPUS) is part of the US Multi-Factor segment. PAPI's top 3 sector exposures are Technology, Non-Energy Materials and Consumer Non-Cyclicals. In contrast, JPUS's top sector exposures are Finance, Technology and Consumer Non-Cyclicals. PAPI is more expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.18% for JPUS. PAPI is up 13.3% year-to-date (YTD) with +$147M in YTD flows. JPUS performs better with 16.95% YTD performance, and +$11M in YTD flows. Run a side-by-side ETF comparison of PAPI and JPUS 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 JPUS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PAPI JPUS | +4.86%+1.96% | +7.56%+6.31% | +13.30%+16.95% | +18.21%+22.17% | n/a+52.68% | n/a+63.79% |
| Flows | PAPI JPUS | +$26M-$4M | +$60M-$165K | +$147M+$11M | +$185M+$11M | --$159M | --$385M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PAPI JPUS | +9.84%+9.95% | +10.30%+10.45% | n/a+12.55% | n/a+14.54% |
| Max drawdown | PAPI JPUS | -2.98%-2.34% | -6.88%-6.96% | n/a-15.79% | n/a-19.14% |
| Max drawdown duration | PAPI JPUS | 41d16d | 135d45d | n/a254d | n/a602d |
Trading data
PAPI | JPUS | |
Last sale 7/29/2026 at 1:30 PM | $28.18 | $142.39 |
| Previous close 07/28/2026 | $28.16 | $143.61 |
| Consolidated volume 07/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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PAPI
is actively managed and doesn’t replicate an indexPAPI | JPUS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/29/2026 at 1:30 PM
Live
Closed
PAPI | JPUS | |
|---|---|---|
| Last price | $28.18 | $142.39 |
| 1D performance | +0.07% | -0.85% |
| AuM | $447.11 M | $462.86 M |
| E/R | 0.29% | 0.18% |
Characteristics
PAPI | JPUS | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Morgan Stanley | J.P. Morgan Asset Management |
| Benchmark | - | JP Morgan Diversified Factor US Equity Index |
| N° of holdings | 188 | 371 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 19, 2023 | September 29, 2015 |
| ESG | No | No |
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Exposure
Countries
PAPI
USA
94.1%
Other
5.9%
JPUS
USA
96.11%
Other
3.89%
Sectors
PAPI
Technology
11.85%
Non-Energy Materi.
11.32%
Consumer Non-Cycl.
10.82%
Healthcare
10.66%
Finance
10.34%
Utilities
9.93%
Other
35.08%
JPUS
Finance
18.94%
Technology
12.85%
Consumer Non-Cycl.
12.29%
Healthcare
11.26%
Non-Energy Materi.
9.82%
Utilities
8.94%
Other
25.9%
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Diversification
PAPI
Total weight of top 15 holdings out of 15
11.22%
JPUS
Total weight of top 15 holdings out of 15
9.1%
Top 15 holdings
Data as of June 30, 2026
PAPI
Morgan Stanley Instl. Liquidity Funds - Government Portfolio
1.06%
Corning, Inc.
1.01%
TD SYNNEX Corp.
0.80%
Cisco Systems, Inc.
0.76%
Power Integrations, Inc.
0.73%
Royalty Pharma Plc
0.72%
Millicom International Cellular SA
0.72%
Texas Instruments Incorporated
0.71%
Avnet, Inc.
0.71%
Cummins, Inc.
0.70%
Reynolds Consumer Products, Inc.
0.68%
Target Corp.
0.67%
MSC Industrial Direct Co., Inc.
0.66%
Valero Energy Corp.
0.65%
Best Buy Co., Inc.
0.64%
JPUS
Western Digital Corp.
0.78%
Applied Materials, Inc.
0.78%
Lam Research Corp.
0.76%
KLA Corp.
0.73%
Ciena Corp.
0.63%
Caterpillar, Inc.
0.59%
Carpenter Technology Corp.
0.59%
Lumentum Holdings, Inc.
0.58%
Cisco Systems, Inc.
0.57%
Hewlett Packard Enterprise Co.
0.54%
Steel Dynamics, Inc.
0.52%
Cummins, Inc.
0.51%
Element Solutions, Inc.
0.50%
TD SYNNEX Corp.
0.50%
Quanta Services, Inc.
0.50%
Frequently asked questions about PAPI and JPUS
How have the PAPI and JPUS ETFs performed in 2026?
As of July 28, 2026, PAPI is up 13.3% year-to-date (YTD), while JPUS has returned 16.95%. That puts JPUS better performer ahead so far this year.
Which ETF is attracting more investor money: PAPI or JPUS?
Year-to-date, the PAPI ETF saw +$147M in flows, compared to +$11M for JPUS.
Which ETF is more volatile: PAPI or JPUS?
Over the past year, PAPI had a volatility of 10.3%, while JPUS experienced 10.45%.
Which ETF is bigger: PAPI or JPUS?
As of July 28, 2026, PAPI holds $447.11 M in assets under management (AUM), while JPUS manages $462.86 M.
What sectors do the PAPI and JPUS ETFs invest in?
PAPI leans toward sectors like Technology, Non-Energy Materials and Consumer Non-Cyclicals. Meanwhile, JPUS focuses on Finance, Technology and Consumer Non-Cyclicals.
What are the top holdings of the PAPI ETF and JPUS ETF?
PAPI top holdings include Morgan Stanley Instl. Liquidity Funds - Government Portfolio, Corning, Inc. and TD SYNNEX Corp.. JPUS holds in its top three: Western Digital Corp., Applied Materials, Inc. and Lam Research Corp..
Which ETF is more diversified: PAPI or JPUS?
PAPI holds 189 securities with 11.22% of its assets in the top 15. JPUS has 371 securities and a top 15 weight of 9.1%.
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