WMTI vs. PAPI
Compare and contrast key facts about REX WMT Growth & Income ETF (WMTI) and Parametric Equity Premium Income ETF (PAPI).
WMTI and PAPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WMTI is an actively managed fund by REX. It was launched on Nov 4, 2025. PAPI is an actively managed fund by Morgan Stanley. It was launched on Oct 16, 2023.
Performance
WMTI vs. PAPI - Performance Comparison
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WMTI vs. PAPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WMTI REX WMT Growth & Income ETF | 8.48% | 9.78% |
PAPI Parametric Equity Premium Income ETF | 8.23% | 3.45% |
Returns By Period
The year-to-date returns for both stocks are quite close, with WMTI having a 8.48% return and PAPI slightly lower at 8.23%.
WMTI
- 1D
- 0.87%
- 1M
- -1.53%
- YTD
- 8.48%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PAPI
- 1D
- -0.07%
- 1M
- -2.89%
- YTD
- 8.23%
- 6M
- 9.24%
- 1Y
- 11.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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WMTI vs. PAPI - Expense Ratio Comparison
WMTI has a 0.99% expense ratio, which is higher than PAPI's 0.29% expense ratio.
Return for Risk
WMTI vs. PAPI — Risk / Return Rank
WMTI
PAPI
WMTI vs. PAPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for REX WMT Growth & Income ETF (WMTI) 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
| WMTI | PAPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.81 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.16 | 1.01 | +1.15 |
Correlation
The correlation between WMTI and PAPI is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
WMTI vs. PAPI - Dividend Comparison
WMTI's dividend yield for the trailing twelve months is around 11.73%, more than PAPI's 7.51% yield.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WMTI REX WMT Growth & Income ETF | 11.73% | 3.36% | 0.00% | 0.00% |
PAPI Parametric Equity Premium Income ETF | 7.51% | 7.59% | 7.07% | 1.45% |
Drawdowns
WMTI vs. PAPI - Drawdown Comparison
The maximum WMTI drawdown since its inception was -11.71%, smaller than the maximum PAPI drawdown of -14.27%. Use the drawdown chart below to compare losses from any high point for WMTI and PAPI.
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Drawdown Indicators
| WMTI | PAPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.71% | -14.27% | +2.56% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.59% | — |
Current DrawdownCurrent decline from peak | -6.34% | -2.89% | -3.45% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -2.57% | -0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.73% | — |
Volatility
WMTI vs. PAPI - Volatility Comparison
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Volatility by Period
| WMTI | PAPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.14% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.50% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 25.42% | 14.11% | +11.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.42% | 11.95% | +13.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.42% | 11.95% | +13.47% |