# PAPI ETF returns, drawdowns and dividends

> PAPI (Parametric Equity Premium Income ETF): 1-year total return +16.67%, price return +8.07%, max drawdown 8.37%, trailing yield 7.33%. Daily data through Oct. 26, 2026.

Source: https://findetfstock.com/etf/papi/ · Prices through: 2026-10-26 · Data: Yahoo Finance daily closes and ex-dividend amounts

Parametric Equity Premium Income ETF (option income ETF). Total assets: $480M, average daily dollar volume $2.5M (3 months), as of 2026-10-26 (Yahoo Finance; fund net assets, all share classes).

PAPI gained 16.67% over the past year with dividends reinvested (+8.07% on price alone), based on closing prices through Oct. 26, 2026. Over the last 3.0 years (since Oct. 19, 2023) it gained 40.94% with dividends reinvested, or +12.03% a year. Its largest fall from a peak over the past year was 8.37%, and it closed 1.20% below its highest close since Oct. 19, 2023 ($28.45 on Feb. 11, 2026). It pays dividends monthly: $2.06 per share over the last 12 months, a trailing yield of 7.33%. 

## Returns by period

| Period | Since | Total return | Price return |
|---|---|---|---|
| 1 month | 2026-09-25 | +5.75% | +5.04% |
| 3 months | 2026-07-24 | +3.39% | +1.48% |
| 6 months | 2026-04-24 | +9.50% | +5.44% |
| Year to date | 2025-12-31 | +15.55% | +9.02% |
| 1 year | 2025-10-24 | +16.67% | +8.07% |
| 3 years | 2023-10-26 | +43.30% (+12.74%/yr) | +15.28% (+4.85%/yr) |
| Since first close | 2023-10-19 | +40.94% (+12.03%/yr) | +13.38% (+4.25%/yr) |

Total return reinvests every dividend at the ex-dividend date close. Price return excludes dividends.

## Did the payouts keep up with the price?

Over the past year PAPI paid out 7.92% of its starting price in distributions, while its price changed +8.07%. Reinvesting every payment gave a total return of +16.67%.

## Calendar-year returns

| Year | Total return | Price return |
|---|---|---|
| 2026 (year to date) | +15.55% | +9.02% |
| 2025 | +6.32% | -1.40% |
| 2024 | +8.89% | +1.60% |

## Drawdowns

| Measure | Value |
|---|---|
| Max drawdown, 1 year | 8.37% |
| Max drawdown, 3 years | 16.74% |
| Max drawdown, 5 years | 16.74% |
| Highest close since 2023-10-19 | $28.45 on 2026-02-11 (-1.20% from there) |
| 52-week closing range | $25.24 to $28.45 |

Deepest fall in the stored history: 16.74%, from 2024-11-25 to 2025-04-08, recovered on 2026-02-10 (308 days after the low).

## Dividends

Trailing 12 months: $2.06 per share in 12 payments, yield 7.33%. Last ex-dividend date: 2026-09-30 ($0.18).

| Year | Dividends per share | Payments |
|---|---|---|
| 2026 (so far) | $1.58 | 9 |
| 2025 | $1.96 | 12 |
| 2024 | $1.85 | 12 |

Historical data for research and education, not investment advice. Methodology: https://findetfstock.com/methodology/