REX FANG & Innovation Equity Premium Income ETF
$43.28+0.06 (+0.14%)
- 0.65%
- $749M
- +19.0%
- 24.82%
- 0.2M sh
- $43.46
- low $37.90high $49.68
The ETF.net FEPI Grade
B
Score 61 out of 100
- 7 of 24
Score 61 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A72 out of 100Rank 6 of 24Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D33 out of 100Rank 18 of 24Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A75 out of 100Rank 2 of 24Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C44 out of 100Rank 11 of 16Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A80 out of 100Rank 3 of 24
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
- 17
- 70%
- AMD
Sectors
- Technology68.6%
- Communication18.5%
- Consumer Discretionary13.0%
Geography
- United States100.00%
FEPI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
FEPI$11,902
Returns run to the Oct 12, 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 | +13.8% |
| 1 month | +3.6% |
| 3 months | +7.9% |
| 1 year | +19.0% |
| 3 years | +20.1% |
| 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 | +13.8% | |
| 2025 | +18.3% | |
| 2024 | +15.5% | |
| 2023 | +11.4% |
FEPI in the news
Category Review
The largest alternatives fund has no one-year record
FEPI Dividends
- 24.82%
- $10.73
- $0.21 per share
- Weekly
Distribution history
FEPI Risk
- 16.4%
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.
- 1.01
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.
- 1.09
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 0.73%
5 of the 24 Other Index Option Income funds charge less.
Other funds in Other Index Option Income
- BATCLREX Autocallable Income ETFExpense ratio 0.65%1 year return —
- BAIPIREX AI Equity Premium Income ETFExpense ratio 0.65%1 year return +28.4%
- BSVOLSimplify Volatility Premium ETFExpense ratio 0.66%1 year return +20.1%
- BACYSFT Vest Laddered Autocallable Barrier & Resilient Income ETFExpense ratio 0.75%1 year return —
- CGTRWisdomTree Target Range FundExpense ratio 0.70%1 year return +13.8%