PAPI ETF returns, drawdowns and dividends
Parametric Equity Premium Income ETF · Option income ETF
Chart shows price change, dividends not included · Prices through the close of · Updated after every US trading day · Source: Yahoo Finance
PAPI returns by period
Total return assumes every dividend is reinvested at the closing price on its ex-dividend date. Price return is the change in the closing price alone. The 3 and 5 year rows also show the yearly rate (CAGR).
| Period | Since | Total return | Price return |
|---|---|---|---|
| 1 month | +5.75% | +5.04% | |
| 3 months | +3.39% | +1.48% | |
| 6 months | +9.50% | +5.44% | |
| Year to date | +15.55% | +9.02% | |
| 1 year | +16.67% | +8.07% | |
| 3 years | +43.30% (+12.74%/yr) | +15.28% (+4.85%/yr) | |
| Since first close | +40.94% (+12.03%/yr) | +13.38% (+4.25%/yr) |
Did PAPI's payouts keep up with its 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%.
Option income funds pay out option premiums and often part of their own assets, so a high yield can come with a falling share price. Total return is the fair measure: it counts both the payouts and the price change. Compare all option income ETFs.
PAPI returns by calendar year
| Year | Total return | Price return |
|---|---|---|
| 2026 (to Oct 26) | +15.55% | +9.02% |
| 2025 | +6.32% | -1.40% |
| 2024 | +8.89% | +1.60% |
PAPI drawdowns and recovery
Max drawdown is the largest fall from a previous peak close to a later close within the period. The deepest fall in the stored history was 16.74%, from $28.31 on Nov. 25, 2024 to $23.57 on April 8, 2025; the price was back at its earlier peak on Feb. 10, 2026, 308 days after the low.
| Measure | Value |
|---|---|
| Max drawdown, 1 year | 8.37% |
| Max drawdown, 3 years | 16.74% |
| Max drawdown, 5 years | 16.74% |
| 52-week closing high | $28.45 Feb. 11, 2026 |
| 52-week closing low | $25.24 Nov. 3, 2025 |
| Latest close | $28.11 Oct. 26, 2026 |
PAPI dividends
PAPI paid $2.06 per share in the last 12 months over 12 payments, a trailing yield of 7.33% at the latest close. The most recent ex-dividend date was Sept. 30, 2026 ($0.18 per share). Trailing yield is historical, not a forecast or an SEC 30-day yield.
| Year | Dividends per share | Payments |
|---|---|---|
| 2026 (so far) | $1.58 | 9 |
| 2025 | $1.96 | 12 |
| 2024 | $1.85 | 12 |
Compare PAPI with
- JEPI +7.60%
- JEPQ +13.27%
- QQQI +11.59%
- XLEI +48.44%
- TYLG +25.98%
- AAPY +32.92%
- NDIV +37.90%
- HCOW +18.98%
- BALI +18.51%
- XLVI +17.91%
1-year return, total where available. Add any of them to the PAPI chart, rank every ETF in the return explorer, or browse all ETF pages.
About these numbers
- Calculated by FindETFStock from daily closing prices and ex-dividend amounts reported by Yahoo Finance, starting Oct. 19, 2023.
- Total assets are the fund's net assets as reported by Yahoo Finance; for a fund with several share classes, such as Vanguard's, the figure covers the whole fund. Trading volume is the 3-month average of shares traded per day, times the latest price.
- "5 years" is measured from the first stored close, about five years back; a fund or stock with a shorter history shows "Since first close" instead.
- Returns are before taxes and assume dividends are reinvested at the ex-date close with no costs.
- Past performance does not predict future results. This is not investment advice; see the financial disclaimer and methodology.