PAPIvsQQQIETF Comparison
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Parametric Equity Premium Income ETF (PAPI) and NEOS Nasdaq 100 High Income ETF (QQQI) belong to the same industry segment: Options Strategies. PAPI is less expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.68% for QQQI. PAPI is up 15.14% year-to-date (YTD) with +$236M in YTD flows. QQQI performs worse with 9.85% YTD performance, and +$8.00B in YTD flows. Run a side-by-side ETF comparison of PAPI and QQQI 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 QQQI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PAPI QQQI | +5.29%-4.25% | +4.30%+2.12% | +15.14%+9.85% | +16.48%+11.17% | +42.23%n/a | n/an/a |
| Flows | PAPI QQQI | +$34M+$835M | +$95M+$1.92B | +$236M+$8.00B | +$249M+$9.65B | +$490M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PAPI QQQI | +9.37%+16.10% | +9.92%+17.04% | +11.32%n/a | n/an/a |
| Max drawdown | PAPI QQQI | -5.95%-6.10% | -6.88%-9.62% | -14.08%n/a | n/an/a |
| Max drawdown duration | PAPI QQQI | 58d17d | 135d76d | 379dn/a | n/an/a |
Trading data
PAPI | QQQI | |
Last sale 10/26/2026 at 1:30 PM | $28.11 | $53.17 |
| Previous close 10/23/2026 | $28.12 | $52.59 |
| Consolidated volume 10/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/26/2026 at 1:30 PM
Live
Closed
PAPI | QQQI | |
|---|---|---|
| Last price | $28.11 | $53.17 |
| 1D performance | -0.04% | +1.10% |
| AuM | $537.16 M | $15.04 B |
| E/R | 0.29% | 0.68% |
Characteristics
PAPI | QQQI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Morgan Stanley | NEOS Investment Management |
| Benchmark | - | - |
| N° of holdings | - | - |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 19, 2023 | January 30, 2024 |
| ESG | No | No |
Exposure
Countries
PAPI
Data will be available soon
QQQI
Data will be available soon
Sectors
PAPI
Data will be available soon
QQQI
Data will be available soon
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Diversification
PAPI
Data will be available soon
QQQI
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Top 15 holdings
Data as of January 1, 1970
PAPI
Data will be available soon
QQQI
Data will be available soon
Frequently asked questions about PAPI and QQQI
How have the PAPI and QQQI ETFs performed in 2026?
As of October 23, 2026, PAPI is up 15.14% year-to-date (YTD), while QQQI has returned 9.85%. That puts PAPI better performer ahead so far this year.
Which ETF is attracting more investor money: PAPI or QQQI?
Year-to-date, the PAPI ETF saw +$236M in flows, compared to +$8.00B for QQQI.
Which ETF is more volatile: PAPI or QQQI?
Over the past year, PAPI had a volatility of 9.92%, while QQQI experienced 17.04%.
Which ETF is bigger: PAPI or QQQI?
As of October 23, 2026, PAPI holds $537.16 M in assets under management (AUM), while QQQI manages $15.04 B.
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Latest news about PAPI & QQQI
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September 3, 2026
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