CEPI vs LFGY: Grades, Fees and Holdings Compared

REX Crypto Equity Premium Income ETF

CEPIBNasdaq

YieldMax Crypto Industry & Tech Portfolio Option Income ETF

LFGYCNYSE Arca

Overlap

35.9%by weight

Expense ratio

CEPI −0.17pt a year

CEPI0.85%LFGY1.02%

Avg volume · 30D

CEPI 1.2×the volume

CEPI53.1KLFGY42.7K

CEPI vs LFGY Performance

Nov 7, 2025 – Nov 9, 2026

+1.9%CEPI−23.2%LFGY

Expense ratio: CEPI 0.85%, better; LFGY 1.02%
Fund size: CEPI $109M; LFGY $59M
1Y total return: CEPI +1.9%, better; LFGY −23.2%
Yield (12M): CEPI 50.01%; LFGY 81.23%, better
Holdings: CEPI 27; LFGY 51
Avg volume (30D): CEPI 53.1K sh, better; LFGY 42.7K sh
NAV per share: CEPI $25.80; LFGY $14.44
52W range

ETF.net Grade

Pillar letters and Scores for CEPI, LFGY, with each pillar’s weight
Pillar	CEPI	LFGY
Cost30% weight	C50Higher	F17
Mission25% weight	Not scored	Not scored
Risk15% weight	A88Higher	B69
Tradability15% weight	C52	C52
Holdings10% weight	A76Higher	B60
Durability5% weight	B68Higher	B55

Rank among Crypto Option Income funds

How we build Categories ›

Same Category. CEPI and LFGY are both graded against the same 21 Crypto Option Income funds, so their Grades compare head to head.

Crypto Option Income⁠

Category · 21 funds

See all 21 ›

CEPI ranks 4th and LFGY 12th of 21 funds in the Crypto Option Income Category.

Rank 1ABITAThe iShares Bitcoin Premium Income ETFScore 88
Rank 2ABTCCGrayscale Funds TrustScore 70
Rank 3BBAGYAmplify Bitcoin Max Income Covered Call ETFScore 63
Rank 4BCEPIREX Crypto Equity Premium Income ETFScore 62
Rank 5CXBCINEOS Boosted Bitcoin High Income ETFScore 54
Rank 10CYETHRoundhill Ether Covered Call Strategy ETFScore 45
Rank 12CLFGYYieldMax Crypto Industry & Tech Portfolio Option Income ETFScore 42
Rank 13CBPIGrayscale Bitcoin Premium Income ETFScore 40

Our read on each fund

ETF.net Research

CEPIBREX Crypto Equity Premium Income ETF

LFGYCYieldMax Crypto Industry & Tech Portfolio Option Income ETF

In short

CEPI Crypto exposure without the coins. CEPI owns a basket of miners, exchanges and digital-payment stocks, then sells options against them for income, so the sector's volatility becomes the fuel for the premium.

LFGY YieldMax made its name on single-stock option income. LFGY is the spread-out version: an actively managed basket of crypto-industry and tech stocks with options written against them, paying out monthly.

Stated mandate

CEPI The fund seeks current income and capital appreciation, while targeting most of the returns of the S&P 500 Total Return Index with lower volatility and additional income.

LFGY The actively managed fund seeks current income and capital appreciation through a portfolio of U.S.-listed equity securities issued by crypto-industry and technology companies, while using options on those securities and related ETFs to generate income.

Why people hold it

CEPI Charges 0.85% a year, below the 0.96% median for crypto-linked income funds.
Spreads across roughly 80 crypto and digital-payment stocks from the BITA Crypto Assets & Digital Payments Index, rather than leaning on one bitcoin proxy.
Sits in the top quartile of the crypto-income group we track, one of the stronger builds in a crowded niche.
A plain 1940 Act fund holding stocks, not coins: no wallet, no exchange account, 1099 at tax time.

LFGY Not a one-ticker bet. Roughly 70 crypto-industry and tech positions carry the options overlay, so no single name drives the whole payout.
The mandate chases current income and capital appreciation, and it's actively run, so the option book can move with the names instead of tracking a fixed index.
Distributions come monthly, a steadier rhythm than the quarterly norm.

Worth knowing

CEPI Writing options for income trades away part of any big rally in crypto equities. Premium now, capped upside later.
A December 2024 launch that still trades lightly next to the giant income ETFs, so spreads can run wider.
Exposure leans on derivatives, including synthetic single-stock positions, so the options book drives results as much as the shares behind it.

LFGY The 1.02% expense ratio sits above the median for crypto option-income funds. SPBC and CEPI deliver their own crypto-plus-income tilt for less.
Writing calls on the holdings is what funds the payout, and it trims how much of a crypto-equity rally the fund keeps.
Launched in 2025, so the risk read rests on a short history, and it currently lands in the lower half of its crypto option-income peer group.

Full CEPI profile⁠

Full LFGY profile⁠

CEPI vs LFGY Holdings

How CEPI and LFGY differ

Overlap by weight

35.9%

Shared holdings make up 43.7% of LFGY and 41.7% of CEPI.

About this figure: CEPI earns income from options, which aren’t counted.

LFGY earns income from options, which aren’t counted.

Level by level

Holdings12 in both35.9%
Countryby domicile88.2%
Sector4 Sectors92.7%
Asset classStocks100%

Sector

Sector weights in CEPI and LFGY, widest gap first
Sector	Gap	CEPI	LFGY
Communication	LFGY +7.3 points	0.0%	7.3%
Technology	CEPI +5.5 points	40.3%	34.8%
Consumer Discretionary	CEPI +1.2 points	6.0%	4.8%
Financials	CEPI +0.6 points	53.7%	53.1%

Country, concentration and asset class

Country by domicile

Country weights in CEPI and LFGY, widest gap first
Country	Gap	CEPI	LFGY
Norway	LFGY +7.1 points	0.0%	7.1%
Taiwan	CEPI +5.0 points	5.0%	0.0%
Brazil	LFGY +4.7 points	5.0%	9.7%
Australia	CEPI +3.4 points	3.4%	0.0%
United States	CEPI +3.4 points	86.5%	83.2%

Concentration

Weight in the 10 largest Holdings

CEPI56.5%
LFGY69.2%

Securities held

CEPI26
LFGY50

Asset class

CEPI: Stocks
LFGY: Stocks

Holdings

Only in CEPI14
In both12
Only in LFGY38

Only in CEPI

14 securities, 61.1% of CEPI by weight

Mastercard Inc - A7.26%
Visa Inc-Class A Shares7.20%
Tesla Inc.5.94%
Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR4.88%
Fiserv Inc4.87%
Robinhood Markets Inc4.41%
Advanced Micro Devices Inc4.35%
Micron Technology Inc3.94%
First American Treasury Obligations Fund 01/01/20403.82%
Applied Digital Corp Common Stock USD 0.0013.76%
Block Inc3.28%
IREN Ltd3.18%
Interactive Brokers Gro-Cl A2.69%
Rambus Inc1.50%

Only in LFGY

38 securities, 51.5% of LFGY by weight

First American Government Obligations Fund 12/01/203111.98%
Block Inc7.94%
Opera Ltd5.38%
MercadoLibre Inc3.79%
Galaxy Digital Inc3.79%
Figure Technology Solutions Inc3.57%
Bitmine Immersion Technologies Inc3.47%
Circle Internet Group Inc3.34%
United States Treasury Bill 12/10/20262.16%
Bullish1.85%
Bitdeer Technologies Group1.31%
Opra Us 11/20/26 P160.60%
Glxy Us 11/13/26 P13.50.25%
Hut Us 11/13/26 C540.20%
Riot Pla Cll Opt 11/26 180.19%
Figure T Cll Opt 11/26 23.5000.18%
Hood Us 11/13/26 C850.16%
Etha 12/18/2026 58.01 C0.16%
Terawulf Cll Opt 11/26 11.5000.14%
Strategy Cll Opt 11/26 1360.11%
Cifr Us 11/13/26 C70.11%
Mara Hol Cll Opt 11/26 70.09%
Ibit Us 12/18/26 C490.09%
Btdr Us 11/13/26 C6.50.09%
Core Sci Cll Opt 11/26 130.06%
Bitmine Cll Opt 11/26 20.5000.06%
Nvda Us 11/13/26 C2000.05%
Cleanspa Cll Opt 11/26 70.05%
Blsh Us 11/13/26 C22.50.05%
Hood Us 12/18/26 C1150.05%
Etha Us 11/13/26 C540.05%
Coinbase Cll Opt 11/26 1470.04%
Crcl Us 11/13/26 C750.04%
Nu Holdi Cll Opt 11/26 130.04%
Ibit Us 11/13/26 C450.03%
Meli Us 11/13/26 C16000.02%
Xyz Us 11/13/26 C930.01%
Pypl Us 11/13/26 C64<0.01%

Weight gaps

All 12 Holdings in both funds, largest gap first.

Holding weights in CEPI and LFGY, widest gap first
Holding	Gap	CEPI	LFGY
Riot Platforms Inc.RIOT	LFGY +2.26 points	2.68%	4.94%
Hut 8 Corp Common StockHUT	LFGY +2.14 points	1.14%	3.28%
Nu Holdings Ltd/Cayman Isl A Common Stock USD.000006667NU	CEPI +1.88 points	5.43%	3.55%
Terawulf IncWULF	CEPI +1.53 points	3.62%	2.09%
Core Scientific IncCORZ	LFGY +1.48 points	1.62%	3.10%
NVIDIA CorpNVDA	LFGY +1.40 points	4.90%	6.30%
PayPal Holdings IncPYPL	CEPI +1.37 points	6.63%	5.26%
Coinbase Global Inc Class ACOIN	CEPI +0.77 points	4.52%	3.75%
Cleanspark Inc.CLSK	LFGY +0.53 points	1.45%	1.98%
Cipher Mining Inc Common Stock USD1.0CIFR	CEPI +0.18 points	2.18%	2.00%
Marathon Digital Holdings IncMARA	CEPI +0.06 points	2.70%	2.64%
Microstrategy Inc-Cl AMSTR	CEPI +0.03 points	4.88%	4.85%

All 70 CEPI holdings⁠All 73 LFGY holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CEPI vs LFGY Cost

Overpaying LFGY vs CEPI

$2,813

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

CEPI 0.85%
$16,199
LFGY 1.02%
$19,012

Amount$10,000

Years30 years

Cost over time

CEPI 0.85%
LFGY 1.02%
Overpaying

Year by year

Year	CEPI	LFGY	Overpaying
10	$1,508	$1,797	$289
20	$5,706	$6,746	$1,040
30	$16,199	$19,012	$2,813

Expense ratio

0.85%CEPI, cheaper
1.02%LFGY

CEPI0.85%LFGY1.02%

0.65%1.52%

Middle half of Crypto Option Income funds
Median 0.85%

CEPI 10th cheapest of 21 funds

LFGY 17th cheapest of 21 funds

CEPI vs LFGY Dividends

Last 12 months to Nov 9, 2026

Yield (12M): CEPI 50.01%; LFGY 81.23%, better
Payout (12M): CEPI $13.24; LFGY $12.02
Last payment: CEPI $0.21; LFGY $0.11
Ex-dividend: CEPI Nov 4, 2026; LFGY Nov 4, 2026
Paid on: CEPI Nov 5, 2026; LFGY Nov 5, 2026
Frequency: CEPI Weekly; LFGY Weekly

Distribution history

Per share, 2026, same scale for both

CEPIWeekly · 28 paymentsAll CEPI payments⁠

LFGYWeekly · 44 paymentsAll LFGY payments⁠

CEPI vs LFGY Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: CEPI 26.0%since Jan 2025LFGY 36.2%since Feb 2025
Return per unit of riskSharpe ratio, 3 years: CEPI 0.41since Jan 2025LFGY −0.20since Feb 2025
Worst fallMax drawdown, 5 years: CEPI −29.4%since Dec 2024LFGY −35.8%since Jan 2025
Market sensitivityBeta, 5 years: CEPI 1.74LFGY 1.92; Market = 1

CEPI and LFGY in the news

All news⁠

Category Review
The median crypto option-income fund lost more than bitcoin over the year and trailed its rebound
Updated Oct 6, 2026CEPILFGY

Popular comparisons

CEPIBvsBITAA
REX Crypto Equity Premium Income ETF · The iShares Bitcoin Premium Income ETF
Expense ratio
0.85% · 0.65%
Category
LFGYCvsBITAA
YieldMax Crypto Industry & Tech Portfolio Option Income ETF · The iShares Bitcoin Premium Income ETF
Expense ratio
1.02% · 0.65%
Category
CEPIBvsBTCCA
REX Crypto Equity Premium Income ETF · Grayscale Funds Trust
Expense ratio
0.85% · 0.66%
Category
LFGYCvsBTCCA
YieldMax Crypto Industry & Tech Portfolio Option Income ETF · Grayscale Funds Trust
Expense ratio
1.02% · 0.66%
Category
CEPIBvsBAGYB
REX Crypto Equity Premium Income ETF · Amplify Bitcoin Max Income Covered Call ETF
Expense ratio
0.85% · 0.65%
Category
LFGYCvsBAGYB
YieldMax Crypto Industry & Tech Portfolio Option Income ETF · Amplify Bitcoin Max Income Covered Call ETF
Expense ratio
1.02% · 0.65%
Category

CEPI vs LFGY

In short

Stated mandate

Why people hold it

Worth knowing

How CEPI and LFGY differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in CEPI

Only in LFGY

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

The median crypto option-income fund lost more than bitcoin over the year and trailed its rebound

How CEPI and LFGY differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in CEPI

Only in LFGY

Weight gaps