PAPI vs IVV

APAPI

BIVV

Measures won3–2PAPI wins · of 6 · 5Y

$10,000 · 5Y$18,118IVV · VTI $17,257

Lowest cost0.03%VTI · $3 on $10k

Most income7.19%PAPI · $719 on $10k

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

Held in common17.3%PAPI and IVV

PAPI

IVV

Parametric Equity Premium Income ETF · $553MiShares Core S&P 500 ETF · $872B

+14.1%3 years · per year$14,871 · $19,178+24.2%

[…]5 years · per year[…] · $18,118+12.6%

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

7.19%12-mo yield$719 · $109 on $10k1.09%

−6.9%Worst dropSmaller wins−8.9%

10.2%VolatilityLower wins12.9%

3–2PAPI wins

$10,000 · 5 yearsAll three, one scale

Shared top holdingsPAPI · IVV

0.5%ABBV0.8%

0.5%CVX0.7%

0.5%COST0.7%

0.5%XOM1.1%

Held in common17.3%

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 Three

5Y3 funds

#
1	BIVV	iShares Core S&P 500 ETFRead Desk	0.03%	1.09%	+1.6%	+13.4%	+13.5%	+24.2%	+12.6%	−8.9%	$872.0B
2	VTI	Vanguard Morningstar Total Stock Market ETFRead Desk	0.03%	1.05%	+1.5%	+13.4%	+13.5%	+24.0%	+11.5%	−8.9%	$689.2B
3	APAPI	Parametric Equity Premium Income ETFRead Desk	0.29%	7.19%	+1.9%	+19.3%	+23.4%	+14.1%	new	−6.9%	$553M

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

All Three

5Y3 funds

#
1	BIVV	iShares Core S&P 500 ETFRead Desk	0.03%	1.09%	+1.6%	+13.4%	+13.5%	+24.2%	+12.6%	−8.9%	$872.0B
2	VTI	Vanguard Morningstar Total Stock Market ETFRead Desk	0.03%	1.05%	+1.5%	+13.4%	+13.5%	+24.0%	+11.5%	−8.9%	$689.2B
3	APAPI	Parametric Equity Premium Income ETFRead Desk	0.29%	7.19%	+1.9%	+19.3%	+23.4%	+14.1%	new	−6.9%	$553M

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 IVV

PAPI

Parametric Equity Premium Income

[…]

IVV

iShares Core S&P 500

$18,118

MeasurePAPIIVV

Fee0.29%0.03%

Cost on $10k a year$29$3

Yield7.19%1.09%

5 years, per year[…]+12.6%

3 years, per year+14.1%+24.2%

Worst drop · 1Y−6.9%−8.9%

Volatility · 1Y10.2%12.9%

3–2measures won
PAPI first

17.3%

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%

$185BAssets$798B

1–0SPYM wins

End-of-day Nov 4, 2026

VTI vs ITOT

YTD

VanguardVTI

+13.4%

ITOTiShares

+13.3%

+13.4%Year to date+13.3%

1.0%Yield1.0%

$689BAssets$95.4B

1–0VTI 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$872B

0–0level

End-of-day Nov 4, 2026

Overlap: PAPI, VTI, IVV

Today

86.9%most shared, VTI and IVV

PAPIVTIIVV

PAPI—15.9%17.3%

VTI15.9%—86.9%

IVV17.3%86.9%—

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

IVV$109 − $3 = $106

VTI$105 − $3 = $102

KeptFee

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