PAPI vs SPY

APAPI

BSPY

Measures won3–2PAPI wins · of 6 · 5Y

$10,000 · 5Y$17,749VOO · SPY $17,688

Lowest cost0.03%VOO · $3 on $10k

Most income7.33%PAPI · $733 on $10k

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

Held in common16.9%PAPI and SPY

PAPI

SPY

Parametric Equity Premium Income ETF · $553MState Street SPDR S&P 500 ETF · $798B

+13.7%3 years · per year$14,709 · $19,046+24.0%

[…]5 years · per year[…] · $17,688+12.1%

0.29%Expense ratio$29 · $9 on $10k · lower wins0.09%

7.33%12-mo yield$733 · $101 on $10k1.01%

−6.9%Worst dropSmaller wins−8.9%

10.1%VolatilityLower wins12.8%

3–2PAPI wins

$10,000 · 5 yearsAll three, one scale

Shared top holdingsPAPI · SPY

0.5%COST0.7%

0.5%ABBV0.8%

0.5%CVX0.7%

0.5%XOM1.1%

Held in common16.9%

End-of-day Nov 3, 2026 · $10,000 5 years ago, dividends reinvested · ● winner of the row · each row scaled to the bigger of the two

All Three

5Y3 funds

#
1	VOO	Vanguard S&P 500 ETFRead Desk	0.03%	1.07%	+0.3%	+11.5%	+11.9%	+24.1%	+12.2%	−8.9%	$1.00T
2	BSPY	State Street SPDR S&P 500 ETFRead Desk	0.09%	1.01%	+0.3%	+11.5%	+11.8%	+24.0%	+12.1%	−8.9%	$798.0B
3	APAPI	Parametric Equity Premium Income ETFRead Desk	0.29%	7.33%	−0.9%	+17.0%	+20.7%	+13.7%	new	−6.9%	$553M

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

All Three

5Y3 funds

#
1	VOO	Vanguard S&P 500 ETFRead Desk	0.03%	1.07%	+0.3%	+11.5%	+11.9%	+24.1%	+12.2%	−8.9%	$1.00T
2	BSPY	State Street SPDR S&P 500 ETFRead Desk	0.09%	1.01%	+0.3%	+11.5%	+11.8%	+24.0%	+12.1%	−8.9%	$798.0B
3	APAPI	Parametric Equity Premium Income ETFRead Desk	0.29%	7.33%	−0.9%	+17.0%	+20.7%	+13.7%	new	−6.9%	$553M

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

Cards for this view

PAPI vs SPY

PAPI

Parametric Equity Premium Income

[…]

SPY

SPDR S&P 500

$17,688

MeasurePAPISPY

Fee0.29%0.09%

Cost on $10k a year$29$9

Yield7.33%1.01%

5 years, per year[…]+12.1%

3 years, per year+13.7%+24.0%

Worst drop · 1Y−6.9%−8.9%

Volatility · 1Y10.1%12.8%

3–2measures won
PAPI first

16.9%

holdings shared

Nov 3, 2026 · $10,000 five years ago, dividends reinvested

SPYM vs SPY

YTD

SPDRSPYM

+11.5%

SPYSPDR

+11.5%

+11.5%Year to date+11.5%

1.0%Yield1.0%

$185BAssets$798B

0–0level

End-of-day Nov 3, 2026

VOO vs IVV

YTD

VanguardVOO

+11.5%

IVViShares

+11.6%

+11.5%Year to date+11.6%

1.1%Yield1.1%

$1.00TAssets$872B

1–0IVV wins

End-of-day Nov 3, 2026

SCHD vs VIG

YTD

SchwabSCHD

+32.8%

VIGVanguard

+14.0%

+32.8%Year to date+14.0%

3.0%Yield1.5%

$121BAssets$109B

2–0SCHD wins

End-of-day Nov 3, 2026

Overlap: PAPI, VOO, SPY

Today

95.5%most shared, VOO and SPY

PAPIVOOSPY

PAPI—16.2%16.9%

VOO16.2%—95.5%

SPY16.9%95.5%—

End-of-day Nov 3, 2026 · share held in common · outlined: the pair in versus

Income After Fees on $10,000

$704most kept, PAPI

PAPI$733 − $29 = $704

VOO$107 − $3 = $104

SPY$101 − $9 = $92

KeptFee

End-of-day Nov 3, 2026 · yield in dollars minus the fee