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PAPIvsSPDVETF 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

SPDV

AAM S&P 500 High Dividend Value ETF

This fund is part of

US Multi-Factor

+0%

Full SPDV fund page

Parametric Equity Premium Income ETF (PAPI) belongs to the Options Strategies segment. AAM S&P 500 High Dividend Value ETF (SPDV) is part of the US Multi-Factor segment. PAPI's top 3 sector exposures are Energy, Information Technology and Consumer Discretionary. In contrast, SPDV's top sector exposures are Energy, Information Technology and Health Care. Both PAPI and SPDV have the same Total Expense Ratio (TER) of 0.29%. PAPI is up 5.1% year-to-date (YTD) with +$86M in YTD flows. SPDV performs better with 9.49% YTD performance, and +$5M in YTD flows. Run a side-by-side ETF comparison of PAPI and SPDV 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 SPDV 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 SPDV	-1.75%+1.59%	+0.02%+3.41%	+5.10%+9.49%	+13.05%+28.18%	n/a+52.63%	n/a+50.80%
Flows	PAPI SPDV	+$34M-	+$77M+$5M	+$86M+$5M	+$172M+$9M	--$4M	-+$42M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PAPI SPDV	+10.17%+11.70%	+10.37%+13.04%	n/a+15.02%	n/a+16.40%
Max drawdown	PAPI SPDV	-5.39%-5.80%	-5.39%-5.80%	n/a-18.52%	n/a-21.32%
Max drawdown duration	PAPI SPDV	53d64d	53d64d	n/a263d	n/a688d

Trading data

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	PAPI	SPDV
Last sale 4/28/2026 at 1:30 PM	$26.67	$37.65
Previous close 04/27/2026	$26.64	$37.61
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	SPDV
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	SPDV
Last price	$26.67	$37.65
1D performance	+0.11%	+0.11%
AuM	$362.95 M	$88.31 M
E/R	0.29%	0.29%

Characteristics

	PAPI	SPDV
Management strategy	Active	Passive
Provider	Morgan Stanley	Advisors Asset Management
Benchmark	-	S&P 500 Dividend and Free Cash Flow Yield Index
N° of holdings	183	51
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	October 19, 2023	November 28, 2017
ESG	No	No

More PAPI data on Trackinsight

More SPDV data on Trackinsight

Exposure

Countries

PAPI

USA

88.73%

Other

11.27%

SPDV

USA

91.88%

Other

8.12%

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%

SPDV

Energy

13.14%

Information Techn.

9.99%

Health Care

9.49%

Consumer Staples

9.27%

Consumer Discreti.

8.61%

Real Estate

8.57%

Other

40.93%

Diversification

PAPI

Total weight of top 15 holdings out of 15

10.87%

SPDV

Total weight of top 15 holdings out of 15

36.03%

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%

SPDV

APA CORPORATION

3.11%

LYONDELLBASELL INDUSTRIES

3.00%

CF INDUSTRIES HOLDINGS

2.82%

EOG RESOURCES

2.62%

DEVON ENERGY

2.57%

COTERRA ENERGY

2.53%

VERIZON COMMUNICATIONS

2.42%

AT&T

2.31%

ONEOK

2.31%

FEDEX

2.10%

BRISTOL-MYERS SQUIBB

2.07%

NEXTERA ENERGY

2.07%

ALTRIA GROUP

2.07%

PFIZER

2.02%

KIMCO REALTY REIT

2.01%

Frequently asked questions about PAPI and SPDV

How have the PAPI and SPDV ETFs performed in 2026?

As of April 24, 2026, PAPI is up 5.1% year-to-date (YTD), while SPDV has returned 9.49%. That puts SPDV better performer ahead so far this year.

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

Year-to-date, the PAPI ETF saw +$86M in flows, compared to +$5M for SPDV.

Which ETF is more volatile: PAPI or SPDV?

Over the past year, PAPI had a volatility of 10.37%, while SPDV experienced 13.04%.

Which ETF is bigger: PAPI or SPDV?

As of April 24, 2026, PAPI holds $362.95 M in assets under management (AUM), while SPDV manages $88.31 M.

What sectors do the PAPI and SPDV ETFs invest in?

PAPI leans toward sectors like Energy, Information Technology and Consumer Discretionary. Meanwhile, SPDV focuses on Energy, Information Technology and Health Care.

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

PAPI top holdings include PATTERSON UTI, US71424F1057 and CORNING. SPDV holds in its top three: APA CORPORATION, LYONDELLBASELL INDUSTRIES and CF INDUSTRIES HOLDINGS.

PAPIvsSPDVETF Comparison

Parametric Equity Premium Income ETF

AAM S&P 500 High Dividend Value ETF

PAPI vs SPDV 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 SPDV ETFs performed in 2026?

As of April 24, 2026, PAPI is up 5.1% year-to-date (YTD), while SPDV has returned 9.49%. That puts SPDV better performer ahead so far this year.

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

Year-to-date, the PAPI ETF saw +$86M in flows, compared to +$5M for SPDV.

Which ETF is more volatile: PAPI or SPDV?

Over the past year, PAPI had a volatility of 10.37%, while SPDV experienced 13.04%.

Which ETF is bigger: PAPI or SPDV?

As of April 24, 2026, PAPI holds $362.95 M in assets under management (AUM), while SPDV manages $88.31 M.

What sectors do the PAPI and SPDV ETFs invest in?

PAPI leans toward sectors like Energy, Information Technology and Consumer Discretionary. Meanwhile, SPDV focuses on Energy, Information Technology and Health Care.

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

PAPI top holdings include PATTERSON UTI, US71424F1057 and CORNING. SPDV holds in its top three: APA CORPORATION, LYONDELLBASELL INDUSTRIES and CF INDUSTRIES HOLDINGS.

Which ETF is more diversified: PAPI or SPDV?

PAPI holds 188 securities with 10.87% of its assets in the top 15. SPDV has 51 securities and a top 15 weight of 36.03%.

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