TMDVvsPAPIETF Comparison
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ProShares Russell U.S. Dividend Growers ETF (TMDV) belongs to the US High Dividend segment. Parametric Equity Premium Income ETF (PAPI) is part of the Options Strategies segment. TMDV's top 3 sector exposures are Consumer Non-Cyclicals, Finance and Non-Energy Materials. In contrast, PAPI's top sector exposures are Technology, Non-Energy Materials and Healthcare. TMDV is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.29% for PAPI. TMDV is up 11.32% year-to-date (YTD) with - in YTD flows. PAPI performs better with 11.93% YTD performance, and +$197M in YTD flows. Run a side-by-side ETF comparison of TMDV and PAPI 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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TMDV vs PAPI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TMDV PAPI | -4.33%-0.64% | +2.89%+4.79% | +11.32%+11.93% | +8.31%+12.92% | +22.58%n/a | +23.18%n/a |
| Flows | TMDV PAPI | -+$43M | -+$77M | -+$197M | -+$223M | -$7M- | -$23M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TMDV PAPI | +12.94%+9.43% | +12.15%+9.85% | +13.47%n/a | +14.71%n/a |
| Max drawdown | TMDV PAPI | -4.67%-2.83% | -9.94%-6.88% | -15.91%n/a | -17.21%n/a |
| Max drawdown duration | TMDV PAPI | 26d18d | 129d135d | 415dn/a | 813dn/a |
Trading data
TMDV | PAPI | |
Last sale 9/14/2026 at 1:34 PM | $51.68 | $27.50 |
| Previous close 09/11/2026 | $51.56 | $27.30 |
| Consolidated volume 09/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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PAPI
is actively managed and doesn’t replicate an indexTMDV | PAPI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/14/2026 at 1:34 PM
Live
Closed
TMDV | PAPI | |
|---|---|---|
| Last price | $51.68 | $27.50 |
| 1D performance | +0.23% | +0.73% |
| AuM | $4.64 M | $485.87 M |
| E/R | 0.35% | 0.29% |
Characteristics
TMDV | PAPI | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | ProShares | Morgan Stanley |
| Benchmark | Russell 3000 Dividend Elite Index | - |
| N° of holdings | 64 | 189 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 5, 2019 | October 19, 2023 |
| ESG | No | No |
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Exposure
Countries
TMDV
USA
98.08%
Other
1.92%
PAPI
USA
94.78%
Other
5.22%
Sectors
TMDV
Consumer Non-Cycl.
21.07%
Finance
19.21%
Non-Energy Materi.
13.55%
Utilities
12.74%
Industrials
12.46%
Other
20.96%
PAPI
Technology
12.39%
Non-Energy Materi.
11.24%
Healthcare
10.69%
Consumer Non-Cycl.
10.45%
Finance
10.38%
Energy
10.23%
Other
34.62%
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Diversification
TMDV
Total weight of top 15 holdings out of 15
25.19%
PAPI
Total weight of top 15 holdings out of 15
10.02%
Top 15 holdings
Data as of July 31, 2026
TMDV
Genuine Parts Co.
1.85%
RLI Corp.
1.75%
Abbott Laboratories
1.72%
Sonoco Products Co.
1.72%
Stanley Black & Decker, Inc.
1.67%
Automatic Data Processing, Inc.
1.67%
Old Republic International Corp.
1.67%
H2O America
1.66%
American States Water Co.
1.66%
California Water Service Group
1.66%
Illinois Tool Works Inc.
1.65%
Johnson & Johnson
1.65%
MSA Safety, Inc.
1.63%
T. Rowe Price Group, Inc.
1.63%
Kimberly-Clark Corp.
1.62%
PAPI
Morgan Stanley Instl. Liquidity Funds - Government Portfolio
1.26%
HF Sinclair Corp.
0.65%
Valero Energy Corp.
0.64%
International Seaways, Inc.
0.64%
Cisco Systems, Inc.
0.63%
TD SYNNEX Corp.
0.63%
Dolby Laboratories, Inc.
0.63%
Millicom International Cellular SA
0.62%
Cognizant Technology Solutions Corp.
0.62%
Microsoft Corp.
0.62%
Garmin Ltd.
0.62%
Royalty Pharma Plc
0.62%
Interparfums, Inc.
0.61%
ManpowerGroup, Inc.
0.61%
MSC Industrial Direct Co., Inc.
0.60%
Frequently asked questions about TMDV and PAPI
How have the TMDV and PAPI ETFs performed in 2026?
As of September 11, 2026, TMDV is up 11.32% year-to-date (YTD), while PAPI has returned 11.93%. That puts PAPI better performer ahead so far this year.
Which ETF is attracting more investor money: TMDV or PAPI?
Year-to-date, the TMDV ETF saw - in flows, compared to +$197M for PAPI.
Which ETF is more volatile: TMDV or PAPI?
Over the past year, TMDV had a volatility of 12.15%, while PAPI experienced 9.85%.
Which ETF is bigger: TMDV or PAPI?
As of September 11, 2026, TMDV holds $4.64 M in assets under management (AUM), while PAPI manages $485.87 M.
What sectors do the TMDV and PAPI ETFs invest in?
TMDV leans toward sectors like Consumer Non-Cyclicals, Finance and Non-Energy Materials. Meanwhile, PAPI focuses on Technology, Non-Energy Materials and Healthcare.
What are the top holdings of the TMDV ETF and PAPI ETF?
TMDV top holdings include Genuine Parts Co., RLI Corp. and Abbott Laboratories. PAPI holds in its top three: Morgan Stanley Instl. Liquidity Funds - Government Portfolio, HF Sinclair Corp. and Valero Energy Corp..
Which ETF is more diversified: TMDV or PAPI?
TMDV holds 64 securities with 25.19% of its assets in the top 15. PAPI has 189 securities and a top 15 weight of 10.02%.
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