SPY vs PAPI

ASPY

BPAPI

Measures won2–3PAPI wins · of 6 · 5Y

$10,000 · 5Y$17,164SPYM · SPY $17,099

Lowest cost0.02%SPYM · $2 on $10k

Most income7.31%PAPI · $731 on $10k

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

Held in common17.3%SPY and PAPI

SPY

PAPI

State Street SPDR S&P 500 ETF · $819BParametric Equity Premium Income ETF · $561M

+22.0%3 years · per year$18,174 · $14,556+13.3%

+11.3%5 years · per year$17,099 · […][…]

0.09%Expense ratio$9 · $29 on $10k · lower wins0.29%

1.03%12-mo yield$103 · $731 on $10k7.31%

−8.9%Worst dropSmaller wins−6.9%

13.6%VolatilityLower wins10.4%

2–3PAPI wins

$10,000 · 5 yearsAll four, one scale

Shared top holdingsSPY · PAPI

6.2%MSFT0.5%

0.5%HD0.6%

0.8%ABBV0.5%

0.7%COST0.5%

Held in common17.3%

End-of-day Nov 5, 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	SPYM	State Street SPDR Portfolio S&P 500 ETFRead Desk	0.02%	1.06%	−4.4%	+8.4%	+9.8%	+22.1%	+11.4%	−8.9%	$181.7B
2	ASPY	State Street SPDR S&P 500 ETFRead Desk	0.09%	1.03%	−4.4%	+8.3%	+9.7%	+22.0%	+11.3%	−8.9%	$818.5B
3	VIG	Vanguard Dividend Appreciation ETFRead Desk	0.04%	1.49%	−3.3%	+12.5%	+15.2%	+18.9%	+10.3%	−7.9%	$109.1B
4	BPAPI	Parametric Equity Premium Income ETFRead Desk	0.29%	7.31%	−1.7%	+17.3%	+21.3%	+13.3%	new	−6.9%	$561M

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

All Four

5Y4 funds

#
1	SPYM	State Street SPDR Portfolio S&P 500 ETFRead Desk	0.02%	1.06%	−4.4%	+8.4%	+9.8%	+22.1%	+11.4%	−8.9%	$181.7B
2	ASPY	State Street SPDR S&P 500 ETFRead Desk	0.09%	1.03%	−4.4%	+8.3%	+9.7%	+22.0%	+11.3%	−8.9%	$818.5B
3	VIG	Vanguard Dividend Appreciation ETFRead Desk	0.04%	1.49%	−3.3%	+12.5%	+15.2%	+18.9%	+10.3%	−7.9%	$109.1B
4	BPAPI	Parametric Equity Premium Income ETFRead Desk	0.29%	7.31%	−1.7%	+17.3%	+21.3%	+13.3%	new	−6.9%	$561M

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

Cards for this view

SPY vs PAPI

SPY

SPDR S&P 500

$17,099

PAPI

Parametric Equity Premium Income

[…]

MeasureSPYPAPI

Fee0.09%0.29%

Cost on $10k a year$9$29

Yield1.03%7.31%

5 years, per year+11.3%[…]

3 years, per year+22.0%+13.3%

Worst drop · 1Y−8.9%−6.9%

Volatility · 1Y13.6%10.4%

3–2measures won
PAPI first

17.3%

holdings shared

Nov 5, 2026 · $10,000 five years ago, dividends reinvested

SCHD vs VIG

YTD

SchwabSCHD

+32.3%

VIGVanguard

+12.5%

+32.3%Year to date+12.5%

3.0%Yield1.5%

$120BAssets$109B

2–0SCHD wins

End-of-day Nov 5, 2026

DGRO vs VIG

YTD

iSharesDGRO

+17.2%

VIGVanguard

+12.5%

+17.2%Year to date+12.5%

1.9%Yield1.5%

$44.9BAssets$109B

2–0DGRO wins

End-of-day Nov 5, 2026

JEPQ vs JEPI

YTD

J.P. MorganJEPQ

+8.5%

JEPIJ.P. Morgan

+5.2%

+8.5%Year to date+5.2%

12.2%Yield8.1%

$42.6BAssets$46.8B

2–0JEPQ wins

End-of-day Nov 5, 2026

Overlap: SPY, PAPI, SPYM, VIG

Today

99.9%most shared, SPY and SPYM

SPYPAPISPYMVIG

SPY—17.3%99.9%42.6%

PAPI17.3%—17.3%16.9%

SPYM99.9%17.3%—42.6%

VIG42.6%16.9%42.6%—

End-of-day Nov 5, 2026 · share held in common · outlined: the pair in versus

Income After Fees on $10,000

$702most kept, PAPI

PAPI$731 − $29 = $702

VIG$149 − $4 = $145

SPYM$106 − $2 = $104

SPY$103 − $9 = $94

KeptFee

End-of-day Nov 5, 2026 · yield in dollars minus the fee