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PAPIvsSDYETF 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

SDY

State Street SPDR S&P Dividend ETF

This fund is part of

US High Dividend

+0.73%

Full SDY fund page

Parametric Equity Premium Income ETF (PAPI) belongs to the Options Strategies segment. State Street SPDR S&P Dividend ETF (SDY) is part of the US High Dividend segment. PAPI's top 3 sector exposures are Information Technology, Consumer Discretionary and Energy. In contrast, SDY's top sector exposures are Industrials, Utilities and Consumer Staples. PAPI is less expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.35% for SDY. PAPI is up 7.77% year-to-date (YTD) with +$119M in YTD flows. SDY performs better with 10.41% YTD performance, and -$324M in YTD flows. Run a side-by-side ETF comparison of PAPI and SDY 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 SDY 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 SDY	+3.39%+3.25%	+0.85%+3.66%	+7.77%+10.41%	+13.48%+14.88%	n/a+35.27%	n/a+38.65%
Flows	PAPI SDY	+$24M-$82M	+$75M-$105M	+$119M-$324M	+$174M-$881M	--$5.10B	--$2.45B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PAPI SDY	+8.89%+11.09%	+10.25%+10.49%	n/a+12.16%	n/a+14.09%
Max drawdown	PAPI SDY	-4.77%-3.47%	-6.88%-7.73%	n/a-14.33%	n/a-15.22%
Max drawdown duration	PAPI SDY	65d22d	102d103d	n/a254d	n/a107d

Trading data

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	PAPI	SDY
Last sale 6/12/2026 at 1:30 PM	$26.95	$152.66
Previous close 06/11/2026	$26.69	$151.41
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	SDY
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	SDY
Last price	$26.95	$152.66
1D performance	+0.97%	+0.83%
AuM	$401.56 M	$21.49 B
E/R	0.29%	0.35%

Characteristics

	PAPI	SDY
Management strategy	Active	Passive
Provider	Morgan Stanley	State Street Investment Management
Benchmark	-	S&P High Yield Dividend Aristocrats Index
N° of holdings	179	152
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	October 19, 2023	November 8, 2005
ESG	No	No

More PAPI data on Trackinsight

More SDY data on Trackinsight

Exposure

Countries

PAPI

USA

86.23%

Other

13.77%

SDY

USA

93.34%

Other

6.66%

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%

SDY

Industrials

16.64%

Utilities

15%

Consumer Staples

13.11%

Financials

11.94%

Information Techn.

10.43%

Health Care

7.16%

Other

25.73%

Diversification

PAPI

Total weight of top 15 holdings out of 15

9.44%

SDY

Total weight of top 15 holdings out of 15

24.03%

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%

SDY

VERIZON COMMUNICATIONS

2.47%

REALTY INCOME REIT

2.25%

US49177J1025

1.63%

KIMBERLY CLARK

1.59%

PEPSICO U

1.58%

TARGET

1.56%

QUALCOMM

1.55%

CHEVRON TEXACO

1.51%

TEXAS INSTRUMENTS

1.49%

AUTOMATIC DATA PROCESSING

1.48%

WEC ENERGY GROUP INC

1.44%

ABBVIE

1.38%

EDISON INTERNATIONAL

1.37%

MEDTRONIC PLC

1.37%

MICROCHIP TECHNOLOGY

1.37%

Frequently asked questions about PAPI and SDY

How have the PAPI and SDY ETFs performed in 2026?

As of June 12, 2026, PAPI is up 7.77% year-to-date (YTD), while SDY has returned 10.41%. That puts SDY better performer ahead so far this year.

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

Year-to-date, the PAPI ETF saw +$119M in flows, compared to -$324M for SDY.

Which ETF is more volatile: PAPI or SDY?

Over the past year, PAPI had a volatility of 10.25%, while SDY experienced 10.49%.

Which ETF is bigger: PAPI or SDY?

As of June 12, 2026, PAPI holds $401.56 M in assets under management (AUM), while SDY manages $21.49 B.

What sectors do the PAPI and SDY ETFs invest in?

PAPI leans toward sectors like Information Technology, Consumer Discretionary and Energy. Meanwhile, SDY focuses on Industrials, Utilities and Consumer Staples.

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

PAPI top holdings include PATTERSON UTI, TD SYNNEX and US71424F1057. SDY holds in its top three: VERIZON COMMUNICATIONS, REALTY INCOME REIT and US49177J1025.

Which ETF is more diversified: PAPI or SDY?

PAPI holds 183 securities with 9.44% of its assets in the top 15. SDY has 155 securities and a top 15 weight of 24.03%.

Dividend Growth, High Yield, & Dividend Quality ETFs: What's the Difference?

October 20, 2023

SDY

PAPIvsSDYETF Comparison

Parametric Equity Premium Income ETF

State Street SPDR S&P Dividend ETF

PAPI vs SDY 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 SDY ETFs performed in 2026?

As of June 12, 2026, PAPI is up 7.77% year-to-date (YTD), while SDY has returned 10.41%. That puts SDY better performer ahead so far this year.

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

Year-to-date, the PAPI ETF saw +$119M in flows, compared to -$324M for SDY.

Which ETF is more volatile: PAPI or SDY?

Over the past year, PAPI had a volatility of 10.25%, while SDY experienced 10.49%.

Which ETF is bigger: PAPI or SDY?

As of June 12, 2026, PAPI holds $401.56 M in assets under management (AUM), while SDY manages $21.49 B.

What sectors do the PAPI and SDY ETFs invest in?

PAPI leans toward sectors like Information Technology, Consumer Discretionary and Energy. Meanwhile, SDY focuses on Industrials, Utilities and Consumer Staples.

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

PAPI top holdings include PATTERSON UTI, TD SYNNEX and US71424F1057. SDY holds in its top three: VERIZON COMMUNICATIONS, REALTY INCOME REIT and US49177J1025.

Which ETF is more diversified: PAPI or SDY?

PAPI holds 183 securities with 9.44% of its assets in the top 15. SDY has 155 securities and a top 15 weight of 24.03%.

Dividend Growth, High Yield, & Dividend Quality ETFs: What's the Difference?

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