PAPI - ETF AI Analysis
Top Page
Parametric Equity Premium Income ETF (PAPI)
Rating:71Outperform
Price Target:―
Positive Factors
Strong Top Holdings Performance
Several of the largest positions, such as Corning and other leading names, have shown strong gains this year, helping support the ETF’s overall results.
Broad Sector Diversification
The fund spreads its investments across many sectors, including technology, energy, health care, and financials, which helps reduce the impact if any one industry struggles.
Moderate Expense Ratio
The ETF’s fee is reasonably low for an actively managed, income-focused strategy, allowing investors to keep more of their returns over time.
Negative Factors
Recent Short-Term Weakness
The ETF has shown slightly negative performance over the past one and three months, which may signal near-term pressure on returns.
Single-Country Concentration
With all of its exposure in U.S. stocks, the fund offers no geographic diversification and is fully tied to the U.S. market’s ups and downs.
Small Individual Position Sizes
Each top holding makes up only a small slice of the portfolio, which can limit the impact of even strong-performing stocks on overall returns.
PAPI vs. SPDR S&P 500 ETF (SPY)
AUM388.81M
RegionNorth America
Expense Ratio0.29%
Beta0.36
IssuerParametric
Inception DateOct 16, 2023
Dividend Yield7.62%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume55,502
30 Day Avg. Volume84,764
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
29.68Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering190
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
PAPI Summary
The Parametric Equity Premium Income ETF (PAPI) is a U.S. stock fund that aims to cover the total market, holding companies from many sectors like technology, energy, health care, and utilities. It does not track a traditional index, but instead follows a rules-based, income-focused strategy. Well-known holdings include Corning and Analog Devices. Someone might consider PAPI if they want broad diversification across many industries plus the potential for extra income from their stock investments. A key risk is that it still invests in stocks, so its value can go up and down with the overall market.
How much will it cost me?The Parametric Equity Premium Income ETF (PAPI) has an expense ratio of 0.29%, which means you’ll pay $2.90 per year for every $1,000 invested. This is slightly higher than average for ETFs because it is actively managed, using sophisticated strategies to optimize returns and generate premium income. Active management typically involves more research and trading, which increases costs.
What would affect this ETF?The Parametric Equity Premium Income ETF (PAPI) could benefit from positive trends in its key sectors, such as Technology and Health Care, which often thrive during periods of innovation and increased consumer demand. However, potential risks include economic slowdowns or rising interest rates, which could negatively impact sectors like Consumer Cyclical and Financials. Additionally, regulatory changes or geopolitical tensions in the U.S., where the ETF is focused, could create uncertainty for its holdings.
PAPI Top 10 Holdings
PAPI’s story is driven by a mix of rising chip and tech names alongside a few more cyclical players. Qualcomm, Texas Instruments, and Analog Devices have been steady climbers, giving the fund a clear tilt toward U.S. semiconductors and broader technology. Corning and TD SYNNEX add to that tech backbone, helping keep momentum intact. On the flip side, Cummins has been more of a laggard, occasionally putting a brake on returns. Overall, this is a U.S.-focused fund with a tech-flavored core, supported by energy and industrial names in the background.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| TD SYNNEX Corporation | 0.85% | $3.28M | $22.46B | 127.17% | 73 Outperform | |
| Cisco Systems | 0.85% | $3.26M | $504.50B | 98.88% | 77 Outperform | |
| Corning | 0.81% | $3.10M | $172.47B | 294.64% | 74 Outperform | |
| Qualcomm | 0.77% | $2.95M | $253.85B | 61.70% | 80 Outperform | |
| International Business Machines | 0.77% | $2.94M | $309.44B | 24.14% | 79 Outperform | |
| Avnet | 0.75% | $2.88M | $7.62B | 82.22% | 67 Neutral | |
| Power Integrations | 0.75% | $2.87M | $4.69B | 65.34% | 61 Neutral | |
| Texas Instruments | 0.74% | $2.86M | $280.42B | 63.82% | 78 Outperform | |
| Millicom International Cellular SA | 0.72% | $2.76M | $14.89B | 141.98% | 71 Outperform | |
| Patterson-UTI | 0.72% | $2.76M | $4.45B | 103.64% | 56 Neutral |
PAPI Technical Analysis
Neutral
―
Price Trends
26.53
Negative
26.71
Negative
25.71
Positive
Market Momentum
<0.01
Negative
50.98
Neutral
43.42
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For PAPI, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 26.27, equal to the 50-day MA of 26.53, and equal to the 200-day MA of 25.71, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 50.98 is Neutral, neither overbought nor oversold. The STOCH value of 43.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for PAPI.
PAPI Peer Comparison
Comparison Results
Performance Comparison
PAPI
Parametric Equity Premium Income ETF
26.42
3.02
12.91%
ULTY
YieldMax Ultra Option Income Strategy ETF
―
―
―
SYLD
Cambria Shareholder Yield ETF
―
―
―
BGDV
Bahl & Gaynor Dividend ETF
―
―
―
AVTM
Avantis Total Equity Markets ETF
―
―
―
XCHG
AB US Equity ETF
―
―
―
Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
Table of Contents