SPY vs PAPI

ASPY

BPAPI

Measures won2–3PAPI wins · of 6 · 5Y

$10,000 · 5Y$17,493SPY · VYM $17,254

Lowest cost0.03%VTI · $3 on $10k

Most income7.25%PAPI · $725 on $10k

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

Held in common17.4%SPY and PAPI

SPY

PAPI

State Street SPDR S&P 500 ETF · $778BParametric Equity Premium Income ETF · $551M

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

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

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

1.01%12-mo yield$101 · $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 holdingsSPY · PAPI

0.5%HD0.6%

0.7%COST0.5%

0.8%ABBV0.5%

1.0%JNJ0.5%

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 Four

5Y4 funds

#
1	ASPY	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	VYM	Vanguard High Dividend Yield ETFRead Desk	0.04%	2.26%	+2.3%	+15.4%	+19.5%	+19.7%	+11.5%	−6.7%	$78.9B
3	VTI	Vanguard Morningstar Total Stock Market ETFRead Desk	0.03%	1.06%	+2.5%	+11.6%	+13.9%	+21.8%	+10.8%	−8.9%	$689.2B
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	ASPY	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	VYM	Vanguard High Dividend Yield ETFRead Desk	0.04%	2.26%	+2.3%	+15.4%	+19.5%	+19.7%	+11.5%	−6.7%	$78.9B
3	VTI	Vanguard Morningstar Total Stock Market ETFRead Desk	0.03%	1.06%	+2.5%	+11.6%	+13.9%	+21.8%	+10.8%	−8.9%	$689.2B
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

SPY vs PAPI

SPY

SPDR S&P 500

$17,493

PAPI

Parametric Equity Premium Income

[…]

MeasureSPYPAPI

Fee0.09%0.29%

Cost on $10k a year$9$29

Yield1.01%7.25%

5 years, per year+11.8%[…]

3 years, per year+21.9%+13.0%

Worst drop · 1Y−8.9%−6.9%

Volatility · 1Y13.7%10.5%

3–2measures won
PAPI first

17.4%

holdings shared

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

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

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

VTI vs ITOT

YTD

VanguardVTI

+11.6%

ITOTiShares

+11.5%

+11.6%Year to date+11.5%

1.1%Yield1.0%

$689BAssets$93.2B

2–0VTI wins

End-of-day Nov 9, 2026

Overlap: SPY, PAPI, VTI, VYM

Today

86.0%most shared, SPY and VTI

SPYPAPIVTIVYM

SPY—17.4%86.0%35.2%

PAPI17.4%—15.8%25.2%

VTI86.0%15.8%—31.8%

VYM35.2%25.2%31.8%—

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

VYM$226 − $4 = $222

VTI$106 − $3 = $103

SPY$101 − $9 = $92

KeptFee

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