SQY vs. PAPI
SQY (YieldMax SQ Option Income Strategy ETF) and PAPI (Parametric Equity Premium Income ETF) are both Derivative Income funds. Both are actively managed. SQY charges 1.01%/yr vs 0.29%/yr for PAPI.
Performance
SQY vs. PAPI - Performance Comparison
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Returns By Period
SQY
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PAPI
- 1D
- 0.71%
- 1M
- 0.89%
- YTD
- 7.33%
- 6M
- 6.44%
- 1Y
- 12.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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Return for Risk
SQY vs. PAPI — Risk / Return Rank
SQY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PAPI
SQY vs. PAPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax SQ Option Income Strategy ETF (SQY) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SQY | PAPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.21 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.87 | — |
| Martin ratioReturn relative to average drawdown | — | 4.69 | — |
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Drawdowns
SQY vs. PAPI - Drawdown Comparison
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Drawdown Indicators
| SQY | PAPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -14.27% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.86% | — |
Current DrawdownCurrent decline from peak | — | -3.69% | — |
Average DrawdownAverage peak-to-trough decline | — | -2.77% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.73% | — |
Volatility
SQY vs. PAPI - Volatility Comparison
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Volatility by Period
| SQY | PAPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.58% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.06% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 10.55% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 11.73% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 11.73% | — |
SQY vs. PAPI - Expense Ratio Comparison
SQY has a 1.01% expense ratio, which is higher than PAPI's 0.29% expense ratio.
Dividends
SQY vs. PAPI - Dividend Comparison
SQY has not paid dividends to shareholders, while PAPI's dividend yield for the trailing twelve months is around 7.51%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
PAPI Parametric Equity Premium Income ETF | 7.51% | 7.59% | 7.07% | 1.45% |
SQY YieldMax SQ Option Income Strategy ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
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 1.01% for SQY.
PAPI has the higher dividend yield at 7.51%, compared with 0.00% for SQY.
They also come from different issuers: YieldMax and Morgan Stanley. Their fees differ too: 1.01% for SQY and 0.29% for PAPI.
Find the right allocation for SQY and PAPI
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