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VFMFvsPAPIETF Comparison

ETF 1

VFMF

Vanguard U.S. Multifactor ETF Shares

This fund is part of

US Multi-Factor

+0.72%

Full VFMF fund page

VS

ETF 2

PAPI

Parametric Equity Premium Income ETF

This fund is part of

Options Strategies

+0.4%

Full PAPI fund page

Vanguard U.S. Multifactor ETF Shares (VFMF) belongs to the US Multi-Factor segment. Parametric Equity Premium Income ETF (PAPI) is part of the Options Strategies segment. VFMF's top 3 sector exposures are Financials, Health Care and Consumer Discretionary. In contrast, PAPI's top sector exposures are Information Technology, Consumer Discretionary and Energy. VFMF is less expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.29% for PAPI. VFMF is up 17.97% year-to-date (YTD) with +$123M in YTD flows. PAPI performs worse with 7.77% YTD performance, and +$119M in YTD flows. Run a side-by-side ETF comparison of VFMF 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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VFMF vs PAPI 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.	VFMF PAPI	+5.13%+3.39%	+15.13%+0.85%	+17.97%+7.77%	+36.24%+13.48%	+82.55%n/a	+91.43%n/a
Flows	VFMF PAPI	+$28M+$24M	+$64M+$75M	+$123M+$119M	+$180M+$174M	+$302M-	+$378M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	VFMF PAPI	+13.26%+8.89%	+13.40%+10.25%	+16.16%n/a	+18.19%n/a
Max drawdown	VFMF PAPI	-2.73%-4.77%	-7.23%-6.88%	-20.32%n/a	-20.32%n/a
Max drawdown duration	VFMF PAPI	6d65d	64d102d	260dn/a	260dn/a

Trading data

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	VFMF	PAPI
Last sale 6/12/2026 at 7:54 PM	$176.85	$26.90
Previous close 06/12/2026	$175.22	$26.69
Consolidated volume 06/12/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 6/12/2026 at 7:54 PM

Live

Closed

	VFMF	PAPI
Last price	$176.85	$26.90
1D performance	+0.93%	+0.79%
AuM	$673.38 M	$401.56 M
E/R	0.18%	0.29%

Characteristics

	VFMF	PAPI
Management strategy	Active	Active
Provider	Vanguard	Morgan Stanley
Benchmark	-	-
N° of holdings	547	179
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	February 13, 2018	October 19, 2023
ESG	No	No

More VFMF data on Trackinsight

More PAPI data on Trackinsight

Exposure

Countries

VFMF

USA

87.27%

Other

12.73%

PAPI

USA

86.23%

Other

13.77%

Sectors

VFMF

Financials

23.22%

Health Care

15.02%

Consumer Discreti.

12.37%

Information Techn.

11.78%

Energy

10.89%

Industrials

8.27%

Other

18.46%

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%

Diversification

VFMF

Total weight of top 15 holdings out of 15

12.19%

PAPI

Total weight of top 15 holdings out of 15

9.44%

Top 15 holdings

Data as of April 30, 2026

VFMF

MICRON TECHNOLOGY

1.16%

NEWMONT CORP

0.89%

BANK OF NEW YORK MELLON

0.85%

ALTRIA GROUP

0.85%

BRISTOL-MYERS SQUIBB

0.84%

CONOCOPHILLIPS

0.83%

TRAVELERS COS INC/THE

0.78%

ALPHABET INC-CL

0.78%

MCKESSON

0.77%

QUALCOMM

0.76%

AMGEN-T

0.76%

HCA HEALTHCARE

0.74%

MERCK & CO INC

0.74%

ALLSTATE

0.72%

ABBVIE

0.72%

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%

ANALOG DEVICES

0.60%

CORNING

0.60%

VALERO ENERGY

0.59%

ALPHABET INC-CL

0.58%

POWER INTEGRATIONS

0.57%

Frequently asked questions about VFMF and PAPI

How have the VFMF and PAPI ETFs performed in 2026?

As of June 12, 2026, VFMF is up 17.97% year-to-date (YTD), while PAPI has returned 7.77%. That puts VFMF better performer ahead so far this year.

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

Year-to-date, the VFMF ETF saw +$123M in flows, compared to +$119M for PAPI.

Which ETF is more volatile: VFMF or PAPI?

Over the past year, VFMF had a volatility of 13.4%, while PAPI experienced 10.25%.

Which ETF is bigger: VFMF or PAPI?

As of June 12, 2026, VFMF holds $673.38 M in assets under management (AUM), while PAPI manages $401.56 M.

What sectors do the VFMF and PAPI ETFs invest in?

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

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

VFMF top holdings include MICRON TECHNOLOGY, NEWMONT CORP and BANK OF NEW YORK MELLON. PAPI holds in its top three: PATTERSON UTI, TD SYNNEX and US71424F1057.

VFMFvsPAPIETF Comparison

Vanguard U.S. Multifactor ETF Shares

Parametric Equity Premium Income ETF

VFMF vs PAPI 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 VFMF and PAPI ETFs performed in 2026?

As of June 12, 2026, VFMF is up 17.97% year-to-date (YTD), while PAPI has returned 7.77%. That puts VFMF better performer ahead so far this year.

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

Year-to-date, the VFMF ETF saw +$123M in flows, compared to +$119M for PAPI.

Which ETF is more volatile: VFMF or PAPI?

Over the past year, VFMF had a volatility of 13.4%, while PAPI experienced 10.25%.

Which ETF is bigger: VFMF or PAPI?

As of June 12, 2026, VFMF holds $673.38 M in assets under management (AUM), while PAPI manages $401.56 M.

What sectors do the VFMF and PAPI ETFs invest in?

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

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

VFMF top holdings include MICRON TECHNOLOGY, NEWMONT CORP and BANK OF NEW YORK MELLON. PAPI holds in its top three: PATTERSON UTI, TD SYNNEX and US71424F1057.

Which ETF is more diversified: VFMF or PAPI?

VFMF holds 556 securities with 12.19% of its assets in the top 15. PAPI has 183 securities and a top 15 weight of 9.44%.

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