PAPI vs. USMV ETF Comparison
Comparison of Parametric Equity Premium Income ETF (PAPI) to iShares MSCI USA Minimum Volatility ETF (USMV)
PAPI
Parametric Equity Premium Income ETF
PAPI Description
The fund is an actively managed exchange-traded fund. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. Equity securities in which the fund may invest include common stocks.
Grade (RS Rating)
Last Trade
$28.08
Average Daily Volume
33,669
Number of Holdings
*
189
* may have additional holdings in another (foreign) market
USMV
iShares MSCI USA Minimum Volatility ETF
USMV Description
The investment seeks the investment results of an index composed of U.S. equities that, in the aggregate, have lower volatility characteristics relative to the broader U.S. equity market. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. The underlying index follows a rules-based methodology to determine weights for securities in the index that seeks to minimize total risk of the MSCI USA Index. Components primarily include consumer staples, healthcare and information technology companies. The fund is non-diversified.Grade (RS Rating)
Last Trade
$93.46
Average Daily Volume
1,630,912
Number of Holdings
*
170
* may have additional holdings in another (foreign) market
Performance
| Period | PAPI | USMV |
|---|---|---|
| 30 Days | 3.08% | 1.70% |
| 60 Days | 3.73% | 2.42% |
| 90 Days | 4.88% | 4.02% |
| 12 Months | 19.25% | 25.63% |
64 Overlapping Holdings
| Symbol | Grade | Weight in PAPI | Weight in USMV | Overlap | |
|---|---|---|---|---|---|
| ABBV | D | 0.46% | 1.04% | 0.46% | |
| ABT | B | 0.52% | 0.09% | 0.09% | |
| ACN | C | 0.5% | 1.29% | 0.5% | |
| ADI | D | 0.48% | 0.23% | 0.23% | |
| ADP | B | 0.54% | 0.09% | 0.09% | |
| AEE | A | 0.54% | 0.24% | 0.24% | |
| AEP | D | 0.5% | 0.39% | 0.39% | |
| AFG | A | 0.54% | 0.35% | 0.35% | |
| ATO | A | 0.53% | 0.06% | 0.06% | |
| BDX | F | 0.5% | 0.56% | 0.5% | |
| CHD | B | 0.54% | 0.4% | 0.4% | |
| CI | F | 0.47% | 0.21% | 0.21% | |
| CMCSA | B | 0.54% | 0.39% | 0.39% | |
| CME | A | 0.52% | 0.53% | 0.52% | |
| COR | B | 0.54% | 0.67% | 0.54% | |
| CSCO | B | 0.54% | 1.47% | 0.54% | |
| CTSH | B | 0.53% | 0.76% | 0.53% | |
| CTVA | C | 0.5% | 0.38% | 0.38% | |
| CVX | A | 0.57% | 0.34% | 0.34% | |
| D | C | 0.5% | 0.23% | 0.23% | |
| DGX | A | 0.57% | 0.11% | 0.11% | |
| DUK | C | 0.5% | 1.49% | 0.5% | |
| EA | A | 0.59% | 0.89% | 0.59% | |
| ED | D | 0.48% | 1.13% | 0.48% | |
| ELV | F | 0.43% | 0.52% | 0.43% | |
| EOG | A | 0.56% | 0.17% | 0.17% | |
| GD | F | 0.5% | 0.05% | 0.05% | |
| GILD | C | 0.53% | 0.94% | 0.53% | |
| GLW | B | 0.53% | 0.31% | 0.31% | |
| GRMN | B | 0.65% | 0.33% | 0.33% | |
| HIG | B | 0.51% | 0.12% | 0.12% | |
| HRL | D | 0.49% | 0.21% | 0.21% | |
| IBM | C | 0.46% | 1.66% | 0.46% | |
| JNJ | D | 0.5% | 1.18% | 0.5% | |
| KDP | D | 0.46% | 0.59% | 0.46% | |
| KHC | F | 0.46% | 0.38% | 0.38% | |
| KMB | D | 0.49% | 0.21% | 0.21% | |
| KO | D | 0.45% | 0.1% | 0.1% | |
| LIN | D | 0.49% | 0.16% | 0.16% | |
| LNT | A | 0.52% | 0.1% | 0.1% | |
| MDT | D | 0.51% | 0.13% | 0.13% | |
| MRK | F | 0.46% | 1.01% | 0.46% | |
| MSFT | F | 0.53% | 1.34% | 0.53% | |
| NEM | D | 0.38% | 0.46% | 0.38% | |
| PEP | F | 0.48% | 1.01% | 0.48% | |
| PFE | D | 0.44% | 0.2% | 0.2% | |
| PG | A | 0.52% | 1.23% | 0.52% | |
| PKG | A | 0.56% | 0.2% | 0.2% | |
| PSX | C | 0.52% | 0.06% | 0.06% | |
| ROP | B | 0.52% | 1.3% | 0.52% | |
| RTX | C | 0.5% | 0.09% | 0.09% | |
| SO | D | 0.5% | 1.35% | 0.5% | |
| T | A | 0.55% | 0.74% | 0.55% | |
| TJX | A | 0.54% | 0.45% | 0.45% | |
| TRV | B | 0.57% | 1.15% | 0.57% | |
| TXN | C | 0.53% | 1.39% | 0.53% | |
| UNH | C | 0.55% | 1.34% | 0.55% | |
| VLO | C | 0.55% | 0.05% | 0.05% | |
| VZ | C | 0.5% | 1.35% | 0.5% | |
| WEC | A | 0.52% | 0.78% | 0.52% | |
| WMB | A | 0.58% | 0.31% | 0.31% | |
| WMT | A | 0.54% | 1.78% | 0.54% | |
| XEL | A | 0.57% | 0.46% | 0.46% | |
| XOM | B | 0.52% | 0.45% | 0.45% |
PAPI Overweight 125 Positions Relative to USMV
| Symbol | Grade | Weight | |
|---|---|---|---|
| SNA | A | 0.63% | |
| IP | B | 0.63% | |
| DTM | B | 0.62% | |
| BKR | B | 0.62% | |
| EMR | A | 0.61% | |
| OKE | A | 0.61% | |
| UNM | A | 0.61% | |
| IDCC | A | 0.61% | |
| PINC | B | 0.6% | |
| FOX | A | 0.59% | |
| CFR | B | 0.59% | |
| TAP | C | 0.59% | |
| PB | A | 0.59% | |
| MO | A | 0.59% | |
| IDA | A | 0.59% | |
| KMI | A | 0.58% | |
| CINF | A | 0.58% | |
| JHG | A | 0.58% | |
| JCI | C | 0.58% | |
| WHR | B | 0.57% | |
| RHI | B | 0.57% | |
| SRE | A | 0.57% | |
| CTRA | B | 0.57% | |
| RF | A | 0.57% | |
| SYK | C | 0.57% | |
| LH | C | 0.57% | |
| TXRH | C | 0.57% | |
| FOXA | B | 0.57% | |
| CMI | A | 0.57% | |
| FAST | B | 0.56% | |
| WSO | A | 0.56% | |
| CAH | B | 0.56% | |
| RS | B | 0.56% | |
| PM | B | 0.56% | |
| TROW | B | 0.56% | |
| COP | C | 0.56% | |
| PPL | B | 0.55% | |
| DCI | B | 0.55% | |
| INGR | B | 0.55% | |
| GGG | B | 0.55% | |
| EVRG | A | 0.55% | |
| OGE | B | 0.55% | |
| GNTX | C | 0.54% | |
| MOS | F | 0.54% | |
| PAG | B | 0.54% | |
| OGS | A | 0.54% | |
| ORI | A | 0.54% | |
| COST | B | 0.54% | |
| DRI | B | 0.54% | |
| MTN | C | 0.54% | |
| LHX | C | 0.53% | |
| AM | A | 0.53% | |
| PRU | A | 0.53% | |
| PAYX | C | 0.53% | |
| MSM | C | 0.53% | |
| COLM | B | 0.53% | |
| HPE | B | 0.53% | |
| HP | B | 0.52% | |
| BMI | B | 0.52% | |
| NFG | A | 0.52% | |
| ATR | B | 0.52% | |
| PEG | A | 0.52% | |
| UPS | C | 0.52% | |
| HPQ | B | 0.52% | |
| EXPD | D | 0.52% | |
| CHRD | D | 0.52% | |
| POR | C | 0.51% | |
| AVT | C | 0.51% | |
| DD | D | 0.51% | |
| CALM | A | 0.51% | |
| DLB | B | 0.51% | |
| DINO | D | 0.51% | |
| FNF | B | 0.51% | |
| APD | A | 0.51% | |
| LKQ | D | 0.51% | |
| OXM | D | 0.51% | |
| POWI | D | 0.5% | |
| NYT | C | 0.5% | |
| DVN | F | 0.5% | |
| FE | C | 0.5% | |
| CCOI | B | 0.5% | |
| SNX | C | 0.5% | |
| PFG | D | 0.5% | |
| RGLD | C | 0.5% | |
| BG | F | 0.5% | |
| MTG | C | 0.5% | |
| AFL | B | 0.5% | |
| DOX | D | 0.49% | |
| OMC | C | 0.49% | |
| CHE | D | 0.49% | |
| BBY | D | 0.49% | |
| PPG | F | 0.49% | |
| SON | D | 0.49% | |
| FLO | D | 0.49% | |
| JKHY | D | 0.49% | |
| EMN | D | 0.49% | |
| QCOM | F | 0.49% | |
| CAG | D | 0.48% | |
| LYB | F | 0.48% | |
| AOS | F | 0.48% | |
| WEN | D | 0.48% | |
| RPRX | D | 0.48% | |
| LEA | D | 0.48% | |
| WU | D | 0.48% | |
| SHOO | D | 0.47% | |
| AMCR | D | 0.47% | |
| LEN | D | 0.47% | |
| ADM | D | 0.47% | |
| ASH | D | 0.46% | |
| FMC | D | 0.46% | |
| HAS | D | 0.46% | |
| IPG | D | 0.45% | |
| SWKS | F | 0.45% | |
| GPC | D | 0.45% | |
| DHR | F | 0.45% | |
| ESNT | D | 0.45% | |
| HUN | F | 0.44% | |
| MAN | D | 0.44% | |
| DOW | F | 0.44% | |
| INSW | F | 0.44% | |
| PII | D | 0.43% | |
| CVI | F | 0.42% | |
| CRI | D | 0.41% | |
| HII | D | 0.39% | |
| SCCO | F | 0.0% |
PAPI Underweight 106 Positions Relative to USMV
| Symbol | Grade | Weight | |
|---|---|---|---|
| TMUS | B | -1.95% | |
| MSI | B | -1.81% | |
| PGR | A | -1.67% | |
| WCN | A | -1.56% | |
| RSG | A | -1.55% | |
| BRK.A | B | -1.55% | |
| CB | C | -1.47% | |
| APH | A | -1.44% | |
| WM | A | -1.44% | |
| NOC | D | -1.43% | |
| MCK | B | -1.35% | |
| ORCL | B | -1.31% | |
| AJG | B | -1.27% | |
| MCD | D | -1.25% | |
| LLY | F | -1.25% | |
| AVGO | D | -1.19% | |
| MMC | B | -1.11% | |
| GDDY | A | -1.0% | |
| AAPL | C | -0.99% | |
| AZO | C | -0.98% | |
| V | A | -0.9% | |
| FCNCA | A | -0.88% | |
| CBOE | B | -0.85% | |
| LMT | D | -0.82% | |
| K | A | -0.8% | |
| NOW | A | -0.75% | |
| TSN | B | -0.71% | |
| MA | C | -0.7% | |
| VRTX | F | -0.69% | |
| FI | A | -0.69% | |
| ORLY | B | -0.68% | |
| ACGL | D | -0.68% | |
| NVDA | C | -0.67% | |
| GIS | D | -0.66% | |
| VRSN | F | -0.64% | |
| KR | B | -0.61% | |
| AMGN | D | -0.59% | |
| FICO | B | -0.59% | |
| REGN | F | -0.59% | |
| TDY | B | -0.57% | |
| KEYS | A | -0.55% | |
| FANG | D | -0.55% | |
| FFIV | B | -0.55% | |
| MPC | D | -0.54% | |
| INCY | C | -0.53% | |
| AON | A | -0.53% | |
| PTC | A | -0.52% | |
| YUM | B | -0.5% | |
| BMY | B | -0.49% | |
| UBER | D | -0.45% | |
| JNPR | F | -0.45% | |
| MDLZ | F | -0.44% | |
| WDAY | B | -0.43% | |
| EG | C | -0.43% | |
| ERIE | D | -0.42% | |
| VRSK | A | -0.42% | |
| CL | D | -0.41% | |
| HUM | C | -0.4% | |
| BAH | F | -0.39% | |
| AKAM | D | -0.39% | |
| WTW | B | -0.38% | |
| ROL | B | -0.36% | |
| IT | C | -0.35% | |
| GEN | B | -0.35% | |
| CDW | F | -0.35% | |
| MKL | A | -0.34% | |
| CPB | D | -0.33% | |
| AIZ | A | -0.32% | |
| NBIX | C | -0.32% | |
| WRB | A | -0.31% | |
| FWONK | B | -0.31% | |
| HSY | F | -0.3% | |
| HD | A | -0.3% | |
| ANET | C | -0.29% | |
| ICE | C | -0.28% | |
| L | A | -0.28% | |
| HON | B | -0.25% | |
| HUBS | A | -0.24% | |
| AZPN | A | -0.23% | |
| ALNY | D | -0.22% | |
| NTAP | C | -0.22% | |
| BMRN | D | -0.22% | |
| TW | A | -0.2% | |
| DTE | C | -0.2% | |
| DPZ | C | -0.19% | |
| CRWD | B | -0.19% | |
| CMS | C | -0.19% | |
| CDNS | B | -0.18% | |
| MELI | D | -0.18% | |
| MOH | F | -0.18% | |
| SNPS | B | -0.18% | |
| HOLX | D | -0.16% | |
| STX | D | -0.16% | |
| GOOG | C | -0.16% | |
| UTHR | C | -0.14% | |
| AMZN | C | -0.14% | |
| DELL | C | -0.12% | |
| OXY | D | -0.12% | |
| OTIS | C | -0.07% | |
| TEL | B | -0.07% | |
| FSLR | F | -0.06% | |
| KNX | B | -0.06% | |
| BR | A | -0.05% | |
| CRM | B | -0.05% | |
| ULTA | F | -0.04% | |
| CVS | D | -0.04% |
PAPI: Top Represented Industries & Keywords
Industries:
Utilities - Regulated Electric
Chemicals
Diversified Industrials
Oil & Gas E&P
Packaged Foods
Drug Manufacturers - Major
Packaging & Containers
Semiconductors
Business Services
Insurance - Life
Oil & Gas Midstream
Oil & Gas Refining & Marketing
Telecom Services
Utilities - Diversified
Aerospace & Defense
Agricultural Inputs
Apparel Manufacturing
Auto Parts
Banks - Regional - US
Beverages - Soft Drinks
USMV: Top Represented Industries & Keywords
Industries:
Software - Application
Utilities - Regulated Electric
Drug Manufacturers - Major
Biotechnology
Insurance - Property & Casualty
Business Services
Health Care Plans
Information Technology Services
Insurance Brokers
Packaged Foods
Software - Infrastructure
Specialty Retail
Aerospace & Defense
Household & Personal Products
Insurance - Diversified
Semiconductors
Beverages - Soft Drinks
Communication Equipment
Electronic Components
Financial Data & Stock Exchanges
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