Parametric Equity Premium Income ETF (PAPI)
The ETF aims to provide a consistent monthly income through an actively managed portfolio of U.S. companies with a systematic call-writing program for additional yield, and also focusing on capital appreciation.
ETF Info
| CUSIP | 61774R866 |
|---|---|
| Issuer | Morgan Stanley |
| Inception Date | Oct 16, 2023 |
| Category | Derivative Income |
| Index Tracked | No Index (Active) |
| Distribution Policy | Distributing |
| Home Page | www.morganstanley.com |
| Asset Class | Alternatives |
Asset Class Size | Mid-Cap |
Asset Class Style | Value |
Expense Ratio
PAPI has a high expense ratio of 0.29%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: PAPI vs. SCHD, PAPI vs. SPYI, PAPI vs. JEPI, PAPI vs. BST
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Parametric Equity Premium Income ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.61% | 10.00% |
| 1 month | 3.17% | 2.41% |
| 6 months | 14.28% | 16.70% |
| 1 year | N/A | 26.85% |
| 5 years (annualized) | N/A | 12.81% |
| 10 years (annualized) | N/A | 10.84% |
Monthly Returns
The table below presents the monthly returns of PAPI, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.79% | 2.25% | 5.45% | -2.92% | 6.61% | ||||||||
| 2023 | -1.71% | 2.79% | 4.28% | 5.36% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Parametric Equity Premium Income ETF (PAPI) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Not enough dataDividends
Dividend History
Parametric Equity Premium Income ETF granted a 3.67% dividend yield in the last twelve months. The annual payout for that period amounted to $0.98 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $0.98 | $0.37 |
Dividend yield | 3.67% | 1.45% |
Monthly Dividends
The table displays the monthly dividend distributions for Parametric Equity Premium Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.12 | $0.14 | $0.18 | $0.17 | $0.00 | $0.61 | |||||||
| 2023 | $0.17 | $0.21 | $0.37 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Parametric Equity Premium Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Parametric Equity Premium Income ETF was 4.39%, occurring on Apr 16, 2024. The portfolio has not yet recovered.
The current Parametric Equity Premium Income ETF drawdown is 0.34%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -4.39% | Apr 1, 2024 | 12 | Apr 16, 2024 | — | — | — |
| -2.96% | Oct 20, 2023 | 6 | Oct 27, 2023 | 5 | Nov 3, 2023 | 11 |
| -2.56% | Jan 3, 2024 | 10 | Jan 17, 2024 | 24 | Feb 21, 2024 | 34 |
| -2.36% | Nov 6, 2023 | 6 | Nov 13, 2023 | 12 | Nov 30, 2023 | 18 |
| -1.01% | Dec 15, 2023 | 1 | Dec 15, 2023 | 5 | Dec 22, 2023 | 6 |
Volatility
Volatility Chart
The current Parametric Equity Premium Income ETF volatility is 2.02%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.