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PAPI vs HEMI

Parametric Equity Premium Income ETF vs Hartford Equity Premium Income ETF

PAPI

Parametric Equity Premium Income ETF

Eaton Vance ETFs

Annual cost

0.29%

Fund size

$367M

HEMI

Hartford Equity Premium Income ETF

Hartford Mutual Funds

Annual cost

0.49%

Fund size

$33M

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.
  • PAPI is classified as alternative, while HEMI is equity — different risk/return profiles.
  • PAPI follows a option income strategy; HEMI uses active selection.

Side-by-side comparison

PAPIHEMI
Annual cost (TER)0.29%0.49%
Fund size (AUM)$367M$33M
Since20232025
Dividend yield7.48%
Asset classalternativeequity
Regionnorth americanorth america
Strategyoption incomeactive selection
CAGR 1Y+14.8%N/A
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y10.81%
Max drawdown-14.27%-7.79%

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

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