PAPI vs VOO

APAPI

BVOO

Measures won3–2PAPI wins · of 6 · 5Y

$10,000 · 5Y$17,555SPYM · VOO $17,543

Lowest cost0.02%SPYM · $2 on $10k

Most income12.39%JEPQ · $1,239 on $10k

Smallest drop−6.9%PAPI · worst fall in 1Y

Held in common16.2%PAPI and VOO

PAPI

VOO

Parametric Equity Premium Income ETF · $551MVanguard S&P 500 ETF · $1.00T

+12.9%3 years · per year$14,390 · $18,159+22.0%

[…]5 years · per year[…] · $17,543+11.9%

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

7.27%12-mo yield$727 · $107 on $10k1.07%

−6.9%Worst dropSmaller wins−8.9%

10.5%VolatilityLower wins13.7%

3–2PAPI wins

$10,000 · 5 yearsAll four, one scale

Shared top holdingsPAPI · VOO

0.5%COST0.6%

0.5%MSFT5.8%

0.5%ABBV0.7%

0.5%JNJ1.0%

Held in common16.2%

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	SPYM	State Street SPDR Portfolio S&P 500 ETFRead Desk	0.02%	1.03%	+2.4%	+11.3%	+13.6%	+22.0%	+11.9%	−8.9%	$178.8B
2	BVOO	Vanguard S&P 500 ETFRead Desk	0.03%	1.07%	+2.3%	+11.3%	+13.6%	+22.0%	+11.9%	−8.9%	$1.00T
3	APAPI	Parametric Equity Premium Income ETFRead Desk	0.29%	7.27%	+1.5%	+17.9%	+21.4%	+12.9%	new	−6.9%	$551M
4	JEPQ	JPMorgan Nasdaq Equity Premium Income ETFRead Desk	0.35%	12.39%	+3.2%	+6.6%	+9.2%	+18.2%	new	−11.5%	$40.7B

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	SPYM	State Street SPDR Portfolio S&P 500 ETFRead Desk	0.02%	1.03%	+2.4%	+11.3%	+13.6%	+22.0%	+11.9%	−8.9%	$178.8B
2	BVOO	Vanguard S&P 500 ETFRead Desk	0.03%	1.07%	+2.3%	+11.3%	+13.6%	+22.0%	+11.9%	−8.9%	$1.00T
3	APAPI	Parametric Equity Premium Income ETFRead Desk	0.29%	7.27%	+1.5%	+17.9%	+21.4%	+12.9%	new	−6.9%	$551M
4	JEPQ	JPMorgan Nasdaq Equity Premium Income ETFRead Desk	0.35%	12.39%	+3.2%	+6.6%	+9.2%	+18.2%	new	−11.5%	$40.7B

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 VOO

PAPI

Parametric Equity Premium Income

[…]

VOO

Vanguard S&P 500

$17,543

MeasurePAPIVOO

Fee0.29%0.03%

Cost on $10k a year$29$3

Yield7.27%1.07%

5 years, per year[…]+11.9%

3 years, per year+12.9%+22.0%

Worst drop · 1Y−6.9%−8.9%

Volatility · 1Y10.5%13.7%

3–2measures won
PAPI first

16.2%

holdings shared

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

JEPQ vs JEPI

YTD

J.P. MorganJEPQ

+6.6%

JEPIJ.P. Morgan

+7.5%

+6.6%Year to date+7.5%

12.4%Yield7.9%

$40.7BAssets$45.2B

1–1level

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

+8.7%

+11.3%Year to date+8.7%

1.1%Yield1.1%

$1.00TAssets$853B

1–0VOO wins

End-of-day Nov 9, 2026

Overlap: PAPI, JEPQ, SPYM, VOO

Today

92.2%most shared, SPYM and VOO

PAPIJEPQSPYMVOO

PAPI—6.3%17.5%16.2%

JEPQ6.3%—49.5%51.3%

SPYM17.5%49.5%—92.2%

VOO16.2%51.3%92.2%—

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

Income After Fees on $10,000

$1,204most kept, JEPQ

JEPQ$1,239 − $35 = $1,204

PAPI$727 − $29 = $698

VOO$107 − $3 = $104

SPYM$103 − $2 = $101

KeptFee

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