ROCY vs. PAPI
Compare and contrast key facts about JPMorgan Equity Premium Yield ETF (ROCY) and Parametric Equity Premium Income ETF (PAPI).
ROCY and PAPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ROCY is an actively managed fund by JPMorgan. It was launched on Mar 18, 2026. PAPI is an actively managed fund by Morgan Stanley. It was launched on Oct 16, 2023.
Performance
ROCY vs. PAPI - Performance Comparison
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ROCY vs. PAPI - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ROCY JPMorgan Equity Premium Yield ETF | -0.79% |
PAPI Parametric Equity Premium Income ETF | 1.43% |
Returns By Period
ROCY
- 1D
- 2.51%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PAPI
- 1D
- 0.54%
- 1M
- -2.62%
- YTD
- 8.31%
- 6M
- 9.20%
- 1Y
- 11.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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ROCY vs. PAPI - Expense Ratio Comparison
ROCY has a 0.35% expense ratio, which is higher than PAPI's 0.29% expense ratio.
Return for Risk
ROCY vs. PAPI — Risk / Return Rank
ROCY
PAPI
ROCY vs. PAPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Premium Yield ETF (ROCY) 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
| ROCY | PAPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.07 | 1.02 | -2.08 |
Correlation
The correlation between ROCY and PAPI is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ROCY vs. PAPI - Dividend Comparison
ROCY has not paid dividends to shareholders, while PAPI's dividend yield for the trailing twelve months is around 7.50%.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ROCY JPMorgan Equity Premium Yield ETF | 0.00% | 0.00% | 0.00% | 0.00% |
PAPI Parametric Equity Premium Income ETF | 7.50% | 7.59% | 7.07% | 1.45% |
Drawdowns
ROCY vs. PAPI - Drawdown Comparison
The maximum ROCY drawdown since its inception was -3.35%, smaller than the maximum PAPI drawdown of -14.27%. Use the drawdown chart below to compare losses from any high point for ROCY and PAPI.
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Drawdown Indicators
| ROCY | PAPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.35% | -14.27% | +10.92% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.59% | — |
Current DrawdownCurrent decline from peak | -0.92% | -2.82% | +1.90% |
Average DrawdownAverage peak-to-trough decline | -1.33% | -2.57% | +1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.72% | — |
Volatility
ROCY vs. PAPI - Volatility Comparison
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Volatility by Period
| ROCY | PAPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.21% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.51% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.29% | 14.14% | +8.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.29% | 11.96% | +10.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.29% | 11.96% | +10.33% |