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
61774R866
Oct 16, 2023
1x
No Index (Active)
Distributing
Mid-Cap
Value
Share Price Chart
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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
Parametric Equity Premium Income ETF had a return of 15.58% year-to-date (YTD) and 21.42% in the last 12 months.
PAPI
15.58%
3.08%
9.70%
21.42%
N/A
N/A
^GSPC (Benchmark)
25.15%
2.97%
12.53%
31.00%
13.95%
11.21%
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% | -2.91% | 2.24% | -1.88% | 5.73% | 0.57% | 0.69% | -0.92% | 15.58% | ||
| 2023 | -1.71% | 2.79% | 4.28% | 5.36% |
Expense Ratio
PAPI features an expense ratio of 0.29%, falling within the medium range.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PAPI is 74, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
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.
Dividends
Dividend History
Parametric Equity Premium Income ETF provided a 6.78% dividend yield over the last twelve months, with an annual payout of $1.91 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $1.91 | $0.37 |
Dividend yield | 6.78% | 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 | $0.19 | $0.16 | $0.12 | $0.15 | $0.17 | $0.13 | $0.00 | $1.53 | |
| 2023 | $0.17 | $0.21 | $0.37 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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. Recovery took 23 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -4.39% | Apr 1, 2024 | 12 | Apr 16, 2024 | 23 | May 17, 2024 | 35 |
| -4.17% | Jul 31, 2024 | 4 | Aug 5, 2024 | 18 | Aug 29, 2024 | 22 |
| -3.88% | May 20, 2024 | 32 | Jul 5, 2024 | 7 | Jul 16, 2024 | 39 |
| -3.03% | Oct 21, 2024 | 11 | Nov 4, 2024 | 13 | Nov 21, 2024 | 24 |
| -2.96% | Oct 20, 2023 | 6 | Oct 27, 2023 | 5 | Nov 3, 2023 | 11 |
Volatility
Volatility Chart
The current Parametric Equity Premium Income ETF volatility is 2.96%, 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.