PAPI vs IVV

APAPI

BIVV

Measures won3–2PAPI wins · of 6 · 5Y

$10,000 · 5Y$17,545IVV · VYM $17,254

Lowest cost0.03%IVV · $3 on $10k

Most income7.25%PAPI · $725 on $10k

Smallest drop−6.5%DGRO · worst fall in 1Y

Held in common17.4%PAPI and IVV

PAPI

IVV

Parametric Equity Premium Income ETF · $551MiShares Core S&P 500 ETF · $853B

+13.0%3 years · per year$14,425 · $18,159+22.0%

[…]5 years · per year[…] · $17,545+11.9%

0.29%Expense ratio$29 · $3 on $10k · lower wins0.03%

7.25%12-mo yield$725 · $111 on $10k1.11%

−6.9%Worst dropSmaller wins−8.9%

10.5%VolatilityLower wins13.8%

3–2PAPI wins

$10,000 · 5 yearsAll four, one scale

Shared top holdingsPAPI · IVV

0.6%HD0.5%

0.5%COST0.7%

0.5%ABBV0.8%

0.5%JNJ1.0%

Held in common17.4%

End-of-day Nov 9, 2026 · $10,000 5 years ago, dividends reinvested · ● winner of the row · each row scaled to the bigger of the two

All Four

5Y4 funds

#
1	BIVV	iShares Core S&P 500 ETFRead Desk	0.03%	1.11%	+2.4%	+11.3%	+13.6%	+22.0%	+11.9%	−8.9%	$852.9B
2	VYM	Vanguard High Dividend Yield ETFRead Desk	0.04%	2.26%	+2.3%	+15.4%	+19.5%	+19.7%	+11.5%	−6.7%	$78.9B
3	DGRO	iShares Core Dividend Growth ETFRead Desk	0.08%	1.84%	+1.9%	+18.8%	+22.9%	+20.7%	+11.4%	−6.5%	$44.7B
4	APAPI	Parametric Equity Premium Income ETFRead Desk	0.29%	7.25%	+1.7%	+18.2%	+21.7%	+13.0%	new	−6.9%	$551M

End-of-day Nov 9, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

All Four

5Y4 funds

#
1	BIVV	iShares Core S&P 500 ETFRead Desk	0.03%	1.11%	+2.4%	+11.3%	+13.6%	+22.0%	+11.9%	−8.9%	$852.9B
2	VYM	Vanguard High Dividend Yield ETFRead Desk	0.04%	2.26%	+2.3%	+15.4%	+19.5%	+19.7%	+11.5%	−6.7%	$78.9B
3	DGRO	iShares Core Dividend Growth ETFRead Desk	0.08%	1.84%	+1.9%	+18.8%	+22.9%	+20.7%	+11.4%	−6.5%	$44.7B
4	APAPI	Parametric Equity Premium Income ETFRead Desk	0.29%	7.25%	+1.7%	+18.2%	+21.7%	+13.0%	new	−6.9%	$551M

End-of-day Nov 9, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

Cards for this view

PAPI vs IVV

PAPI

Parametric Equity Premium Income

[…]

IVV

iShares Core S&P 500

$17,545

MeasurePAPIIVV

Fee0.29%0.03%

Cost on $10k a year$29$3

Yield7.25%1.11%

5 years, per year[…]+11.9%

3 years, per year+13.0%+22.0%

Worst drop · 1Y−6.9%−8.9%

Volatility · 1Y10.5%13.8%

3–2measures won
PAPI first

17.4%

holdings shared

Nov 9, 2026 · $10,000 five years ago, dividends reinvested

SCHD vs VIG

YTD

SchwabSCHD

+33.2%

VIGVanguard

+14.8%

+33.2%Year to date+14.8%

3.0%Yield1.5%

$120BAssets$109B

2–0SCHD wins

End-of-day Nov 9, 2026

SPYM vs SPY

YTD

SPDRSPYM

+11.3%

SPYSPDR

+11.2%

+11.3%Year to date+11.2%

1.0%Yield1.0%

$179BAssets$778B

1–0SPYM wins

End-of-day Nov 9, 2026

VOO vs IVV

YTD

VanguardVOO

+11.3%

IVViShares

+11.3%

+11.3%Year to date+11.3%

1.1%Yield1.1%

$1.00TAssets$853B

0–0level

End-of-day Nov 9, 2026

Overlap: IVV, PAPI, DGRO, VYM

Today

61.3%most shared, DGRO and VYM

IVVPAPIDGROVYM

IVV—17.4%43.8%35.3%

PAPI17.4%—21.7%25.2%

DGRO43.8%21.7%—61.3%

VYM35.3%25.2%61.3%—

End-of-day Nov 9, 2026 · share held in common · outlined: the pair in versus

Income After Fees on $10,000

$696most kept, PAPI

PAPI$725 − $29 = $696

VYM$226 − $4 = $222

DGRO$184 − $8 = $176

IVV$111 − $3 = $108

KeptFee

End-of-day Nov 9, 2026 · yield in dollars minus the fee