PAPI vs GMAR
Comparison between PARAMETRIC EQUITY PREMIUM INCOME ETF (PAPI, ETF) and FT VEST U.S. EQUITY MODERATE BUFFER ETF - MARCH (GMAR, ETF).
PAPI vs GMAR - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
PAPI
$400M
GMAR
$398M
Expense Ratio
Winner
PAPI
0.29%
GMAR
0.85%
Max Drawdown
PAPI
16.74%
Winner
GMAR
9.11%
Sharpe Ratio
PAPI
1.10
Winner
GMAR
2.29
5Y Beta
Winner
PAPI
0.41
GMAR
0.42
P/E Ratio
PAPI
21.56
GMAR
N/A
Forward P/E
PAPI
15.44
GMAR
N/A
PEG Ratio
PAPI
0.52
GMAR
N/A
5Y EPS CAGR
PAPI
7.38%
GMAR
N/A
Debt to Equity
PAPI
0.49%
GMAR
N/A
P/S Ratio
PAPI
1.28
GMAR
N/A
P/B Ratio
PAPI
2.50
GMAR
N/A
PAPI vs GMAR - Historical Returns
Returns include dividend reinvestment.
1M
Winner
PAPI
+4.49%
GMAR
+0.73%
3M
Winner
PAPI
+4.49%
GMAR
+2.80%
6M
PAPI
+5.25%
Winner
GMAR
+8.21%
1Y
Winner
PAPI
+16.05%
GMAR
+13.17%
Max(CAGR)
PAPI
+11.57%
Winner
GMAR
+12.66%
PAPI vs GMAR - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | PAPI | GMAR |
|---|---|---|
| 2026 | +10.04% | +8.47% |
| 2025 | +6.57% | +9.38% |
| 2024 | +8.40% | +12.26% |
| 2023 | +5.35% | +11.95% |
PAPI vs GMAR Drawdown Comparison
The maximum drawdown for PAPI was -14.28%, occurring on Apr 8, 2025. Recovery took 260 trading sessions.
The maximum drawdown for GMAR was -9.11%, occurring on Apr 8, 2025. Recovery took 75 trading sessions.
The current PAPI drawdown is -0.79%. The current GMAR drawdown is -0.16%.
| Rank | PAPI | GMAR |
|---|---|---|
| #1 | -14.28% Nov 25, 2024 - Dec 10, 2025 | -9.11% Feb 14, 2025 - Jun 4, 2025 |
| #2 | -6.87% Mar 2, 2026 - Jul 16, 2026 | -4.11% Jul 16, 2024 - Aug 19, 2024 |
| #3 | -4.39% Mar 28, 2024 - May 17, 2024 | -3.66% Sep 14, 2023 - Nov 10, 2023 |
| #4 | -4.17% Jul 30, 2024 - Aug 29, 2024 | -2.82% Apr 9, 2024 - May 10, 2024 |
| #5 | -3.89% May 17, 2024 - Jul 16, 2024 | -2.11% Aug 30, 2024 - Sep 17, 2024 |
| #6 | -3.03% Oct 18, 2024 - Nov 21, 2024 | -1.79% Mar 25, 2026 - Apr 1, 2026 |
| #7 | -2.96% Oct 19, 2023 - Nov 3, 2023 | -1.28% Aug 1, 2023 - Aug 30, 2023 |
| #8 | -2.55% Jan 2, 2024 - Feb 21, 2024 | -1.20% Dec 11, 2024 - Dec 24, 2024 |
| #9 | -2.46% Aug 30, 2024 - Sep 24, 2024 | -1.19% May 1, 2023 - May 18, 2023 |
| #10 | -2.36% Nov 3, 2023 - Nov 30, 2023 | -1.14% Jun 4, 2026 - Jun 15, 2026 |
| #11 | -1.66% Jul 17, 2024 - Jul 26, 2024 | -1.12% Nov 12, 2025 - Nov 26, 2025 |
| #12 | -1.51% Dec 15, 2025 - Jan 6, 2026 | -1.04% May 18, 2023 - Jun 1, 2023 |
| #13 | -1.30% Feb 11, 2026 - Feb 27, 2026 | -0.98% Dec 24, 2024 - Jan 16, 2025 |
| #14 | -1.18% Jan 15, 2026 - Jan 21, 2026 | -0.96% Mar 28, 2024 - Apr 9, 2024 |
| #15 | -1.01% Dec 14, 2023 - Dec 22, 2023 | -0.88% Oct 22, 2024 - Nov 6, 2024 |
Correlation
Correlation between PAPI and GMAR is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
0.93
-101
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