VOO vs PAPI

AVOO

BPAPI

Measures won2–3PAPI wins · of 6 · 5Y

$10,000 · 5Y$18,119QQQM · VOO $17,543

Lowest cost0.03%VOO · $3 on $10k

Most income7.25%PAPI · $725 on $10k

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

Held in common16.3%VOO and PAPI

VOO

PAPI

Vanguard S&P 500 ETF · $1.00TParametric Equity Premium Income ETF · $551M

+22.0%3 years · per year$18,159 · $14,425+13.0%

+11.9%5 years · per year$17,543 · […][…]

0.03%Expense ratio$3 · $29 on $10k · lower wins0.29%

1.07%12-mo yield$107 · $725 on $10k7.25%

−8.9%Worst dropSmaller wins−6.9%

13.7%VolatilityLower wins10.5%

2–3PAPI wins

$10,000 · 5 yearsAll four, one scale

Shared top holdingsVOO · PAPI

0.6%COST0.5%

0.7%ABBV0.5%

1.0%JNJ0.5%

5.8%MSFT0.5%

Held in common16.3%

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	QQQM	Invesco NASDAQ 100 ETFRead Desk	0.15%	0.47%	+3.4%	+10.9%	+11.5%	+23.9%	+12.6%	−14.7%	$103.1B
2	AVOO	Vanguard S&P 500 ETFRead Desk	0.03%	1.07%	+2.3%	+11.3%	+13.6%	+22.0%	+11.9%	−8.9%	$1.00T
3	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
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	QQQM	Invesco NASDAQ 100 ETFRead Desk	0.15%	0.47%	+3.4%	+10.9%	+11.5%	+23.9%	+12.6%	−14.7%	$103.1B
2	AVOO	Vanguard S&P 500 ETFRead Desk	0.03%	1.07%	+2.3%	+11.3%	+13.6%	+22.0%	+11.9%	−8.9%	$1.00T
3	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
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

VOO vs PAPI

VOO

Vanguard S&P 500

$17,543

PAPI

Parametric Equity Premium Income

[…]

MeasureVOOPAPI

Fee0.03%0.29%

Cost on $10k a year$3$29

Yield1.07%7.25%

5 years, per year+11.9%[…]

3 years, per year+22.0%+13.0%

Worst drop · 1Y−8.9%−6.9%

Volatility · 1Y13.7%10.5%

3–2measures won
PAPI first

16.3%

holdings shared

Nov 9, 2026 · $10,000 five years ago, dividends reinvested

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

VOO vs IVV

YTD

VanguardVOO

+11.3%

IVViShares

+11.3%

+11.3%Year to date+11.3%

1.1%Yield1.1%

$1.00TAssets$875B

0–0level

End-of-day Nov 9, 2026

Overlap: QQQM, PAPI, SPY, VOO

Today

92.7%most shared, SPY and VOO

QQQMPAPISPYVOO

QQQM—7.2%52.4%54.9%

PAPI7.2%—17.4%16.3%

SPY52.4%17.4%—92.7%

VOO54.9%16.3%92.7%—

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

Income After Fees on $10,000

$696most kept, PAPI

PAPI$725 − $29 = $696

VOO$107 − $3 = $104

SPY$101 − $9 = $92

QQQM$47 − $15 = $32

KeptFee

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