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Parametric Equity Premium Income ETF (PAPI) Sharpe Ratio: 1.20

ETF · Currency in USD · Last updated Jun 19, 2026

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.

PAPI's Sharpe Ratio of 1.20 indicates that for each unit of volatility, it generates 1.20 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 19, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

PAPI Sharpe Ratio Rank

PAPI Sharpe Ratio Rank: 35.335
Below Average

PAPI ranks above 35.3% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

PAPI Sharpe Ratio Market Positioning

The chart shows PAPI's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.87 or lower
  • Yellow zone (middle 50%): 0.87 to 2.26
  • Green zone (top 25%): 2.26 or higher
  • Top 1%: 7.40+
  • Median: 1.65 — half of all investments score higher

How it compares to other similar ETFs

The table compares Parametric Equity Premium Income ETF's Sharpe Ratio with other ETFs in the Derivative Income category across multiple time periods, showing how PAPI's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 19, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
CHPYYieldMax Semiconductor Portfolio Option Income ETF4.69
GOOYYieldMax GOOGL Option Income Strategy ETF3.67
GOOPKurv Yield Premium Strategy Google ETF3.22
TSMYYieldMax TSM Option Income Strategy ETF2.95
THTASoFi Enhanced Yield ETF2.85
FTQIFirst Trust Nasdaq BuyWrite Income ETF2.71
QYLDGlobal X NASDAQ 100 Covered Call ETF2.70
TYLGGlobal X Information Technology Covered Call & Growth ETF2.68
XYLDGlobal X S&P 500 Covered Call ETF2.54
BUCKSimplify Treasury Option Income ETF2.49
PAPIParametric Equity Premium Income ETF1.20

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows PAPI's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when PAPI consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does PAPI fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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