PAPI vs TAOZ
Parametric Equity Premium Income ETF vs Thornburg American Opportunities Fund ETF
Which is better, PAPI or TAOZ?
PAPI has been ahead.
PAPI has a lower expense ratio. PAPI led over 1Y. PAPI is less concentrated, with 7.6% of the fund in its ten largest positions against 39.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | PAPI | TAOZ |
|---|---|---|
| Expense Ratio | 0.29%Best | 0.79% |
| AUM | $512M | $10M |
| Dividend Yield | 7.75% | 0.00% |
| Holdings | 192 | 44 |
| YTD Return | +10.92%Best | +9.92% |
| 1Y Return | +13.47% | - |
| 3Y Return (annualized) | +10.93% | - |
| Top 10 Weight | 7.6%Best | 39.6% |
| Fund Family | Parametric | Thornburg Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Oct 16, 2023 | Apr 1, 2026 |
Not shown on this pair: 5Y Return (annualized), Volatility (annualized), Max Drawdown, $10,000 over the window.
PAPI vs TAOZ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
PAPI vs TAOZ Performance
Parametric Equity Premium Income ETF (PAPI) is an ETF from Parametric and Thornburg American Opportunities Fund ETF (TAOZ) is an ETF from Thornburg Investment Management. Year to date, PAPI is up 10.92% versus a gain of 9.92% for TAOZ.
Past performance does not guarantee future results.
Fees and Cost Over Time
PAPI charges 0.29% per year while TAOZ charges 0.79%. On a $10,000 position that is $29 vs $79 annually, a gap of $50 per year that compounds over a long holding period. On income, PAPI currently yields 7.75% against 0.00% for TAOZ.
Holdings Overlap
2.5% of PAPI's money is in holdings TAOZ also owns. 10.4% of TAOZ's money is in holdings PAPI also owns.
TAOZ and PAPI share little of their money.
5 positions in common, counted across the 188 positions we hold weights for in PAPI and 43 in TAOZ, against full books of 192 and 44.
What only one of them owns
Our book lists 26 positions for TAOZ that do not appear in our book for PAPI (58.8% of the fund), and 176 for PAPI that do not appear in TAOZ (93.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of PAPI and TAOZ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PAPI or TAOZ?
PAPI has an expense ratio of 0.29% while TAOZ charges 0.79%. PAPI is the cheaper option, by $50 a year on a $10,000 investment.
What is the holdings overlap between PAPI and TAOZ?
10.4% of TAOZ's money is in holdings PAPI also owns. 10.4% of TAOZ's is in holdings PAPI also owns. They hold 5 positions in common, counted across the 188 positions we hold weights for in PAPI and 43 in TAOZ.
Which pays a higher dividend, PAPI or TAOZ?
PAPI yields 7.75% while TAOZ yields 0.00%, so PAPI currently pays the higher dividend yield.
Is TAOZ better than PAPI?
PAPI has a lower expense ratio. PAPI led over 1Y. PAPI is less concentrated, with 7.6% of the fund in its ten largest positions against 39.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.