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HEMI vs PAPI

Hartford Equity Premium Income ETF vs Parametric Equity Premium Income ETF

HEMI

Hartford Equity Premium Income ETF

Hartford Mutual Funds

Annual cost

0.49%

Fund size

$33M

PAPI

Parametric Equity Premium Income ETF

Eaton Vance ETFs

Annual cost

0.29%

Fund size

$367M

Key differences

  • PAPI costs 0.20% less per year.
  • PAPI is significantly larger than HEMI — larger funds tend to be more liquid and less likely to close.
  • HEMI is classified as equity, while PAPI is alternative — different risk/return profiles.
  • HEMI follows a active selection strategy; PAPI uses option income.

Side-by-side comparison

HEMIPAPI
Annual cost (TER)0.49%0.29%
Fund size (AUM)$33M$367M
Since20252023
Dividend yield7.48%
Asset classequityalternative
Regionnorth americanorth america
Strategyactive selectionoption income
CAGR 1YN/A+14.8%
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y10.81%
Max drawdown-7.79%-14.27%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to HEMI and PAPI