BABW vs. PAPI
BABW (Roundhill BABA WeeklyPay ETF) and PAPI (Parametric Equity Premium Income ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.01, they often move in opposite directions. BABW charges 0.99%/yr vs 0.29%/yr for PAPI.
Performance
BABW vs. PAPI - Performance Comparison
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Returns By Period
In the year-to-date period, BABW achieves a -17.38% return, which is significantly lower than PAPI's 5.81% return.
BABW
- 1D
- -2.92%
- 1M
- -5.34%
- YTD
- -17.38%
- 6M
- -24.96%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PAPI
- 1D
- -0.26%
- 1M
- 0.28%
- YTD
- 5.81%
- 6M
- 5.78%
- 1Y
- 12.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BABW vs. PAPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BABW Roundhill BABA WeeklyPay ETF | -17.38% | -18.22% |
PAPI Parametric Equity Premium Income ETF | 5.81% | 0.82% |
Correlation
The correlation between BABW and PAPI is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 24, 2025 | -0.01 |
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Return for Risk
BABW vs. PAPI — Risk / Return Rank
BABW
PAPI
BABW vs. PAPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill BABA WeeklyPay ETF (BABW) and Parametric Equity Premium Income ETF (PAPI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| BABW | PAPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.19 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.97 | 0.88 | -1.84 |
Drawdowns
BABW vs. PAPI - Drawdown Comparison
The maximum BABW drawdown since its inception was -40.29%, which is greater than PAPI's maximum drawdown of -14.27%. Use the drawdown chart below to compare losses from any high point for BABW and PAPI.
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Drawdown Indicators
| BABW | PAPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.29% | -14.27% | -26.02% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.86% | — |
Current DrawdownCurrent decline from peak | -35.94% | -5.06% | -30.88% |
Average DrawdownAverage peak-to-trough decline | -22.10% | -2.73% | -19.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.53% | — |
Volatility
BABW vs. PAPI - Volatility Comparison
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Volatility by Period
| BABW | PAPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.23% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.00% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 49.61% | 10.55% | +39.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.61% | 11.76% | +37.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.61% | 11.76% | +37.85% |
BABW vs. PAPI - Expense Ratio Comparison
BABW has a 0.99% expense ratio, which is higher than PAPI's 0.29% expense ratio.
Dividends
BABW vs. PAPI - Dividend Comparison
BABW's dividend yield for the trailing twelve months is around 37.81%, more than PAPI's 7.62% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BABW Roundhill BABA WeeklyPay ETF | 37.81% | 10.68% | 0.00% | 0.00% |
PAPI Parametric Equity Premium Income ETF | 7.62% | 7.59% | 7.07% | 1.45% |
Frequently Asked Questions
BABW and PAPI have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PAPI is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PAPI is cheaper with a 0.29% expense ratio, compared with 0.99% for BABW.
BABW has the higher dividend yield at 37.81%, compared with 7.62% for PAPI.
They also come from different issuers: Roundhill Investments and Morgan Stanley. Their fees differ too: 0.99% for BABW and 0.29% for PAPI.
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