PAPI vs SPY

APAPI

BSPY

Measures won3–2PAPI wins · of 6 · 5Y

$10,000 · 5Y$17,493SPY

Lowest cost0.09%SPY · $9 on $10k

Most income12.39%JEPQ · $1,239 on $10k

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

Held in common17.4%PAPI and SPY

PAPI

SPY

Parametric Equity Premium Income ETF · $551MState Street SPDR S&P 500 ETF · $778B

+13.0%3 years · per year$14,425 · $18,118+21.9%

[…]5 years · per year[…] · $17,493+11.8%

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

7.25%12-mo yield$725 · $101 on $10k1.01%

−6.9%Worst dropSmaller wins−8.9%

10.5%VolatilityLower wins13.7%

3–2PAPI wins

$10,000 · 5 yearsAll three, one scale

Shared top holdingsPAPI · SPY

0.6%HD0.5%

0.5%COST0.7%

0.5%ABBV0.8%

0.5%JNJ1.0%

Held in common17.4%

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 Three

5Y3 funds

#
1	BSPY	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
2	APAPI	Parametric Equity Premium Income ETFRead Desk	0.29%	7.25%	+1.7%	+18.2%	+21.7%	+13.0%	new	−6.9%	$551M
3	JEPQ	JPMorgan Nasdaq Equity Premium Income ETFRead Desk	0.35%	12.39%	+3.2%	+6.6%	+9.2%	+18.2%	new	−11.5%	$40.7B

End-of-day Nov 9, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

All Three

5Y3 funds

#
1	BSPY	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
2	APAPI	Parametric Equity Premium Income ETFRead Desk	0.29%	7.25%	+1.7%	+18.2%	+21.7%	+13.0%	new	−6.9%	$551M
3	JEPQ	JPMorgan Nasdaq Equity Premium Income ETFRead Desk	0.35%	12.39%	+3.2%	+6.6%	+9.2%	+18.2%	new	−11.5%	$40.7B

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

PAPI vs SPY

PAPI

Parametric Equity Premium Income

[…]

SPY

SPDR S&P 500

$17,493

MeasurePAPISPY

Fee0.29%0.09%

Cost on $10k a year$29$9

Yield7.25%1.01%

5 years, per year[…]+11.8%

3 years, per year+13.0%+21.9%

Worst drop · 1Y−6.9%−8.9%

Volatility · 1Y10.5%13.7%

3–2measures won
PAPI first

17.4%

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

SCHD vs VIG

YTD

SchwabSCHD

+33.2%

VIGVanguard

+14.8%

+33.2%Year to date+14.8%

3.0%Yield1.5%

$120BAssets$109B

2–0SCHD wins

End-of-day Nov 9, 2026

Overlap: SPY, PAPI, JEPQ

Today

49.5%most shared, SPY and JEPQ

SPYPAPIJEPQ

SPY—17.4%49.5%

PAPI17.4%—6.3%

JEPQ49.5%6.3%—

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

Income After Fees on $10,000

$1,204most kept, JEPQ

JEPQ$1,239 − $35 = $1,204

PAPI$725 − $29 = $696

SPY$101 − $9 = $92

KeptFee

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