PAPI vs QQQ

APAPI

BQQQ

Measures won3–2PAPI wins · of 6 · 5Y

$10,000 · 5Y$18,763QQQ · SPYM $18,126

Lowest cost0.02%SPYM · $2 on $10k

Most income7.19%PAPI · $719 on $10k

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

Held in common7.3%PAPI and QQQ

PAPI

QQQ

Parametric Equity Premium Income ETF · $551MInvesco QQQ Trust, Series 1 · $465B

+14.1%3 years · per year$14,871 · $20,153+26.3%

[…]5 years · per year[…] · $18,763+13.4%

0.29%Expense ratio$29 · $18 on $10k · lower wins0.18%

7.19%12-mo yield$719 · $45 on $10k0.45%

−6.9%Worst dropSmaller wins−11.7%

10.2%VolatilityLower wins20.3%

3–2PAPI wins

$10,000 · 5 yearsAll four, one scale

Shared top holdingsPAPI · QQQ

0.6%TXN1.3%

0.5%GILD0.9%

0.5%ADI0.9%

0.5%PEP0.8%

Held in common7.3%

End-of-day Nov 4, 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	BQQQ	Invesco QQQ Trust, Series 1Read Desk	0.18%	0.45%	+1.0%	+13.0%	+10.0%	+26.3%	+13.4%	−11.7%	$464.6B
2	SPYM	State Street SPDR Portfolio S&P 500 ETFRead Desk	0.02%	1.01%	+1.7%	+13.4%	+13.5%	+24.3%	+12.6%	−8.9%	$181.7B
3	VOO	Vanguard S&P 500 ETFRead Desk	0.03%	1.05%	+1.6%	+13.4%	+13.5%	+24.2%	+12.6%	−8.9%	$1.00T
4	APAPI	Parametric Equity Premium Income ETFRead Desk	0.29%	7.19%	+1.9%	+19.3%	+23.4%	+14.1%	new	−6.9%	$551M

End-of-day Nov 4, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

All Four

5Y4 funds

#
1	BQQQ	Invesco QQQ Trust, Series 1Read Desk	0.18%	0.45%	+1.0%	+13.0%	+10.0%	+26.3%	+13.4%	−11.7%	$464.6B
2	SPYM	State Street SPDR Portfolio S&P 500 ETFRead Desk	0.02%	1.01%	+1.7%	+13.4%	+13.5%	+24.3%	+12.6%	−8.9%	$181.7B
3	VOO	Vanguard S&P 500 ETFRead Desk	0.03%	1.05%	+1.6%	+13.4%	+13.5%	+24.2%	+12.6%	−8.9%	$1.00T
4	APAPI	Parametric Equity Premium Income ETFRead Desk	0.29%	7.19%	+1.9%	+19.3%	+23.4%	+14.1%	new	−6.9%	$551M

End-of-day Nov 4, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

Cards for this view

PAPI vs QQQ

PAPI

Parametric Equity Premium Income

[…]

QQQ

Invesco QQQ Trust

$18,763

MeasurePAPIQQQ

Fee0.29%0.18%

Cost on $10k a year$29$18

Yield7.19%0.45%

5 years, per year[…]+13.4%

3 years, per year+14.1%+26.3%

Worst drop · 1Y−6.9%−11.7%

Volatility · 1Y10.2%20.3%

3–2measures won
PAPI first

7.3%

holdings shared

Nov 4, 2026 · $10,000 five years ago, dividends reinvested

SPYM vs SPY

YTD

SPDRSPYM

+13.4%

SPYSPDR

+13.3%

+13.4%Year to date+13.3%

1.0%Yield1.0%

$182BAssets$805B

1–0SPYM wins

End-of-day Nov 4, 2026

QQQM vs QQQ

YTD

InvescoQQQM

+13.1%

QQQInvesco

+13.0%

+13.1%Year to date+13.0%

0.15% · $15Fee · on $10k a year0.18% · $18

$106BAssets$465B

2–0QQQM wins

End-of-day Nov 4, 2026

VOO vs IVV

YTD

VanguardVOO

+13.4%

IVViShares

+13.4%

+13.4%Year to date+13.4%

1.1%Yield1.1%

$1.00TAssets$887B

0–0level

End-of-day Nov 4, 2026

Overlap: PAPI, QQQ, VOO, SPYM

Today

94.5%most shared, VOO and SPYM

PAPIQQQVOOSPYM

PAPI—7.3%16.3%17.3%

QQQ7.3%—55.3%52.8%

VOO16.3%55.3%—94.5%

SPYM17.3%52.8%94.5%—

End-of-day Nov 4, 2026 · share held in common · outlined: the pair in versus

Income After Fees on $10,000

$690most kept, PAPI

PAPI$719 − $29 = $690

VOO$105 − $3 = $102

SPYM$101 − $2 = $99

QQQ$45 − $18 = $27

KeptFee

End-of-day Nov 4, 2026 · yield in dollars minus the fee