PAPI vs QQQM

APAPI

BQQQM

Measures won3–2PAPI wins · of 6 · 5Y

$10,000 · 5Y$17,441QQQM · IVV $17,151

Lowest cost0.03%IVV · $3 on $10k

Most income7.31%PAPI · $731 on $10k

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

Held in common7.3%PAPI and QQQM

PAPI

QQQM

Parametric Equity Premium Income ETF · $551MInvesco NASDAQ 100 ETF · $106B

+13.3%3 years · per year$14,556 · $18,821+23.5%

[…]5 years · per year[…] · $17,441+11.8%

0.29%Expense ratio$29 · $15 on $10k · lower wins0.15%

7.31%12-mo yield$731 · $49 on $10k0.49%

−6.9%Worst dropSmaller wins−14.7%

10.4%VolatilityLower wins21.1%

3–2PAPI wins

$10,000 · 5 yearsAll four, one scale

Shared top holdingsPAPI · QQQM

0.6%GILD1.0%

0.6%TXN1.3%

0.5%MSFT6.7%

0.5%PEP0.9%

Held in common7.3%

End-of-day Nov 5, 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	BQQQM	Invesco NASDAQ 100 ETFRead Desk	0.15%	0.49%	−6.3%	+5.9%	+5.2%	+23.5%	+11.8%	−14.7%	$106.0B
2	IVV	iShares Core S&P 500 ETFRead Desk	0.03%	1.14%	−4.4%	+8.4%	+9.7%	+22.1%	+11.4%	−8.9%	$886.8B
3	SPY	State Street SPDR S&P 500 ETFRead Desk	0.09%	1.03%	−4.4%	+8.3%	+9.7%	+22.0%	+11.3%	−8.9%	$804.8B
4	APAPI	Parametric Equity Premium Income ETFRead Desk	0.29%	7.31%	−1.7%	+17.3%	+21.3%	+13.3%	new	−6.9%	$551M

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

All Four

5Y4 funds

#
1	BQQQM	Invesco NASDAQ 100 ETFRead Desk	0.15%	0.49%	−6.3%	+5.9%	+5.2%	+23.5%	+11.8%	−14.7%	$106.0B
2	IVV	iShares Core S&P 500 ETFRead Desk	0.03%	1.14%	−4.4%	+8.4%	+9.7%	+22.1%	+11.4%	−8.9%	$886.8B
3	SPY	State Street SPDR S&P 500 ETFRead Desk	0.09%	1.03%	−4.4%	+8.3%	+9.7%	+22.0%	+11.3%	−8.9%	$804.8B
4	APAPI	Parametric Equity Premium Income ETFRead Desk	0.29%	7.31%	−1.7%	+17.3%	+21.3%	+13.3%	new	−6.9%	$551M

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

Cards for this view

PAPI vs QQQM

PAPI

Parametric Equity Premium Income

[…]

QQQM

Invesco NASDAQ 100

$17,441

MeasurePAPIQQQM

Fee0.29%0.15%

Cost on $10k a year$29$15

Yield7.31%0.49%

5 years, per year[…]+11.8%

3 years, per year+13.3%+23.5%

Worst drop · 1Y−6.9%−14.7%

Volatility · 1Y10.4%21.1%

3–2measures won
PAPI first

7.3%

holdings shared

Nov 5, 2026 · $10,000 five years ago, dividends reinvested

SPYM vs SPY

YTD

SPDRSPYM

+8.4%

SPYSPDR

+8.3%

+8.4%Year to date+8.3%

1.1%Yield1.0%

$182BAssets$805B

2–0SPYM wins

End-of-day Nov 5, 2026

QQQM vs QQQ

YTD

InvescoQQQM

+5.9%

QQQInvesco

+5.7%

+5.9%Year to date+5.7%

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

$106BAssets$465B

2–0QQQM wins

End-of-day Nov 5, 2026

VOO vs IVV

YTD

VanguardVOO

+8.4%

IVViShares

+8.4%

+8.4%Year to date+8.4%

1.1%Yield1.1%

$1.00TAssets$887B

0–0level

End-of-day Nov 5, 2026

Overlap: PAPI, QQQM, SPY, IVV

Today

99.9%most shared, SPY and IVV

PAPIQQQMSPYIVV

PAPI—7.3%17.3%17.3%

QQQM7.3%—52.8%52.8%

SPY17.3%52.8%—99.9%

IVV17.3%52.8%99.9%—

End-of-day Nov 5, 2026 · share held in common · outlined: the pair in versus

Income After Fees on $10,000

$702most kept, PAPI

PAPI$731 − $29 = $702

IVV$114 − $3 = $111

SPY$103 − $9 = $94

QQQM$49 − $15 = $34

KeptFee

End-of-day Nov 5, 2026 · yield in dollars minus the fee