REX FANG & Innovation Equity Premium Income ETF
$43.05−0.47 (−1.08%)
History starts Oct 12, 2023.
- Expense ratio
- 0.65%
- Fund size
- $725M
- 1Y return
- +17.3%
- Yield · Last 12 months
- 25.50%
- Holdings
- 45
- Volume · 30D
- 0.2M sh
- NAV per share
- $43.40
- 52W range
The ETF.net FEPI Grade
Score 62 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 72Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 35Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 81Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 44Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 79Category rank
Our read on FEPI
BMost option-income ETFs sell calls on the S&P 500. FEPI runs the same playbook on roughly 60 FANG and innovation names, pairing concentrated big-tech exposure with monthly premium income, and it charges less than the typical fund in its group.
The Fund seeks capital appreciation and current income.
Why people hold it
- 0.65% a year, under the 0.75% median for option-income index overlays.
- The call writing sits on the Solactive FANG Innovation Index, roughly 60 tech and innovation names, not a broad benchmark. Focused by design.
- Distributions land monthly, on a schedule rather than in lumps.
- One of the stronger implementations among the option-income overlay funds we cover.
Worth knowing
- Premium income is paid for with upside. Selling calls on the holdings means a runaway tech rally leaves some of the gain on the table.
- Roughly 60 US tech names is a narrow slice of the market, and payouts float with options premiums, so the monthly amount moves around.
- Launched in 2023, so its track record is shorter than the older overlay funds it competes with, like LQDW and YLDE.
FEPI Holdings
- Stocks
- 45
- 68%
- INTC
Sectors
Geography
FEPI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
FEPI$11,727
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FEPI |
|---|---|
| Year to date | +12.9% |
| 1 month | +6.4% |
| 3 months | +6.3% |
| 1 year | +17.3% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FEPI |
|---|---|---|
| 2026 YTD | +12.9% | |
| 2025 | +18.3% | |
| 2024 | +15.5% | |
| 2023 | +11.4% |
FEPI in the news
FEPI Dividends
- 25.50%
- $11.10
- $0.20 per share
- Weekly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 16, 2026 | Sep 17, 2026 | $0.20 |
| Sep 9, 2026 | Sep 10, 2026 | $0.21 |
| Sep 2, 2026 | Sep 3, 2026 | $0.21 |
| Aug 26, 2026 | Aug 27, 2026 | $0.20 |
| Aug 19, 2026 | Aug 20, 2026 | $0.20 |
| Aug 12, 2026 | Aug 13, 2026 | $0.20 |
| Aug 5, 2026 | Aug 6, 2026 | $0.20 |
| Jul 29, 2026 | Jul 30, 2026 | $0.19 |
| Jul 22, 2026 | Jul 23, 2026 | $0.20 |
| Jul 15, 2026 | Jul 16, 2026 | $0.20 |
| Jul 8, 2026 | Jul 9, 2026 | $0.21 |
| Jul 1, 2026 | Jul 2, 2026 | $0.21 |
FEPI Risk
- 16.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.96
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −23.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.11
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FEPI Cost
0.65%
FEPI0.65%
- The middle half of Other Index Option Income funds
- Median 0.74%
5 of the 23 Other Index Option Income funds charge less.