PAPI vs QQQI
Parametric Equity Premium Income ETF compared with NEOS NASDAQ-100(R) High Income ETF on yield, payout growth, payment schedule, cost and risk.
PAPI
Parametric Equity Premium Income ETF
TTM yield · Monthly
QQQI
NEOS NASDAQ-100(R) High Income ETF
TTM yield · Monthly
Quick take
- QQQI yields more today: 13.98% vs 7.41% (forward).
- PAPI has grown its payout faster: 7.4%/yr vs 4.3%/yr over the last 1 year.
- Both pay every month.
- Over the last year QQQI delivered the higher total return: +18.2% vs +14.0% (price change plus payouts).
- PAPI is cheaper to own: 0.29% vs 0.68% expense ratio.
- QQQI has the steadier distribution: consistency 98/100 vs 86/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | PAPI | QQQI |
|---|---|---|
| Share price | $27.84 | $54.70 |
| TTM yield | 7.41% | 13.98% |
| Forward yield | 7.41% | 13.98% |
| Annual payout per share | $2.064 | $7.649 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Oct 1, 2026 (est.) | Sep 16, 2026 (est.) |
| Expense ratio | 0.29% | 0.68% |
| 1-year payout growth | +7.4% | +4.3% |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | 1 year | 1 year |
| Payout consistency (last 12) | 86/100 | 98/100 |
| 1-year total return | +14.0% | +18.2% |
| 1-year price return | +6.1% | +3.7% |
| Size (market cap / AUM) | 472.8M | 14.3B |
| Years paying | 2.8 | 2.5 |
| Sector / category | Derivative Income | Derivative Income |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| PAPI | QQQI | |
|---|---|---|
| Shares | 359.2 | 182.8 |
| Income per year | $741 | $1,398 |
| Income per month (avg) | $62 | $117 |
At forward yields, before taxes. Model PAPI · Model QQQI
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| PAPI Oct 1, 2026 | Oct 15, 2026 | $0.172 | Est. |
| PAPI Nov 1, 2026 | Nov 15, 2026 | $0.172 | Est. |
| PAPI Dec 2, 2026 | Dec 16, 2026 | $0.172 | Est. |
| QQQI Sep 16, 2026 | Sep 18, 2026 | $0.6374 | Est. |
| QQQI Oct 14, 2026 | Oct 16, 2026 | $0.6374 | Est. |
| QQQI Nov 11, 2026 | Nov 13, 2026 | $0.6374 | Est. |
Annual payouts per share
PAPIQQQI
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, PAPI or QQQI?
QQQI currently has the higher trailing yield: PAPI yields 7.41% and QQQI yields 13.98%. Yield changes daily with price, so check the live figures above.
How often do PAPI and QQQI pay?
PAPI pays every month and QQQI pays every month. PAPI's next ex-date is Oct 1, 2026 and QQQI's is Sep 16, 2026.
Which has grown its dividend faster, PAPI or QQQI?
PAPI has grown its payout faster: 7.4%/yr vs 4.3%/yr over the last 1 year.
Is PAPI or QQQI better for income?
It depends on what you are optimising for. PAPI and QQQI differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.