QQQ vs PAPI

AQQQ

BPAPI

Measures won2–3PAPI wins · of 6 · 5Y

$10,000 · 5Y$18,068QQQ · SPY $17,493

Lowest cost0.09%SPY · $9 on $10k

Most income7.93%JEPI · $793 on $10k

Smallest drop−6.7%JEPI · worst fall in 1Y

Held in common7.2%QQQ and PAPI

QQQ

PAPI

Invesco QQQ Trust, Series 1 · $446BParametric Equity Premium Income ETF · $551M

+23.9%3 years · per year$19,011 · $14,425+13.0%

+12.6%5 years · per year$18,068 · […][…]

0.18%Expense ratio$18 · $29 on $10k · lower wins0.29%

0.46%12-mo yield$46 · $725 on $10k7.25%

−14.8%Worst dropSmaller wins−6.9%

21.5%VolatilityLower wins10.5%

2–3PAPI wins

$10,000 · 5 yearsAll four, one scale

Shared top holdingsQQQ · PAPI

1.0%GILD0.5%

0.9%PEP0.5%

2.2%COST0.5%

0.6%ADP0.5%

Held in common7.2%

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	AQQQ	Invesco QQQ Trust, Series 1Read Desk	0.18%	0.46%	+3.5%	+11.0%	+11.6%	+23.9%	+12.6%	−14.8%	$446.1B
2	SPY	State Street SPDR S&P 500 ETFRead Desk	0.09%	1.01%	+2.4%	+11.2%	+13.5%	+21.9%	+11.8%	−8.9%	$777.9B
3	JEPI	JPMorgan Equity Premium Income ETFRead Desk	0.35%	7.93%	+2.1%	+7.5%	+10.9%	+11.0%	+7.6%	−6.7%	$45.2B
4	BPAPI	Parametric Equity Premium Income ETFRead Desk	0.29%	7.25%	+1.7%	+18.2%	+21.7%	+13.0%	new	−6.9%	$551M

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	AQQQ	Invesco QQQ Trust, Series 1Read Desk	0.18%	0.46%	+3.5%	+11.0%	+11.6%	+23.9%	+12.6%	−14.8%	$446.1B
2	SPY	State Street SPDR S&P 500 ETFRead Desk	0.09%	1.01%	+2.4%	+11.2%	+13.5%	+21.9%	+11.8%	−8.9%	$777.9B
3	JEPI	JPMorgan Equity Premium Income ETFRead Desk	0.35%	7.93%	+2.1%	+7.5%	+10.9%	+11.0%	+7.6%	−6.7%	$45.2B
4	BPAPI	Parametric Equity Premium Income ETFRead Desk	0.29%	7.25%	+1.7%	+18.2%	+21.7%	+13.0%	new	−6.9%	$551M

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

QQQ vs PAPI

QQQ

Invesco QQQ Trust

$18,068

PAPI

Parametric Equity Premium Income

[…]

MeasureQQQPAPI

Fee0.18%0.29%

Cost on $10k a year$18$29

Yield0.46%7.25%

5 years, per year+12.6%[…]

3 years, per year+23.9%+13.0%

Worst drop · 1Y−14.8%−6.9%

Volatility · 1Y21.5%10.5%

3–2measures won
PAPI first

7.2%

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

QQQM vs QQQ

YTD

InvescoQQQM

+10.9%

QQQInvesco

+11.0%

+10.9%Year to date+11.0%

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

$103BAssets$446B

1–1level

End-of-day Nov 9, 2026

Overlap: QQQ, PAPI, SPY, JEPI

Today

52.4%most shared, QQQ and SPY

QQQPAPISPYJEPI

QQQ—7.2%52.4%27.1%

PAPI7.2%—17.4%13.6%

SPY52.4%17.4%—39.7%

JEPI27.1%13.6%39.7%—

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

Income After Fees on $10,000

$758most kept, JEPI

JEPI$793 − $35 = $758

PAPI$725 − $29 = $696

SPY$101 − $9 = $92

QQQ$46 − $18 = $28

KeptFee

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