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CEPI vs NEHI

REX Crypto Equity Premium Income ETF

CEPIBNasdaq

NEOS Ethereum High Income ETF

NEHICCboe

Overlap

Expense ratio

CEPI −0.13pt a year

CEPI0.85%NEHI0.98%

Avg volume · 30D

NEHI 1.4×the volume

CEPI51.4KNEHI69.8K

CEPI vs NEHI Performance

Dec 31, 2025 – Oct 30, 2026

+11.4%CEPI−26.6%NEHI

Dec 31, 2025 to Oct 30, 2026. CEPI +11.4%. NEHI −26.6%. Use the arrow keys to read each point.−40%0%20%Dec 2025Jun 2026Oct 2026
Expense ratio
CEPI 0.85%, better
NEHI 0.98%
Fund size
CEPI $119M
NEHI $106M
1Y total return
CEPI −1.8%
NEHI No data
Yield (12M)
CEPI 48.27%
NEHI No data
Holdings
CEPI 26
NEHI 5
Avg volume (30D)
CEPI 51.4K sh
NEHI 69.8K sh, better
NAV per share
CEPI $28.13
NEHI $27.51
52W range

ETF.net Grade

CEPI: Cost 50, Risk 88, Mission not scored, Tradability 50, Holdings 92, Durability 71. NEHI: Cost 31, Risk 48, Mission not scored, Tradability 70, Holdings 39, Durability 68.
Pillar letters and Scores for CEPI, NEHI, with each pillar’s weight
PillarCEPINEHI
Cost30% weightC50HigherD31
Mission25% weightNot scoredNot scored
Risk15% weightA88HigherC48
Tradability15% weightC50A70Higher
Holdings10% weightA92HigherD39
Durability5% weightA71HigherB68

Rank among Crypto Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. CEPI and NEHI 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 3rd and NEHI 10th of 21 funds in the Crypto Option Income Category.

  1. Rank 1ABITAThe iShares Bitcoin Premium Income ETFScore 88
  2. Rank 2BBTCCGrayscale Funds TrustScore 70
  3. Rank 3BBAGYAmplify Bitcoin Max Income Covered Call ETFScore 64
  4. Rank 3BCEPIREX Crypto Equity Premium Income ETFScore 64
  5. Rank 5CYBTCRoundhill Bitcoin Covered Call Strategy ETFScore 54
  6. Rank 9CXRPMAmplify XRP 3% Monthly Option Income ETFScore 46
  7. Rank 10CNEHINEOS Ethereum High Income ETFScore 45
  8. Rank 11CYETHRoundhill Ether Covered Call Strategy ETFScore 44

Our read on each fund

ETF.net Research

CEPIBREX Crypto Equity Premium Income ETF

NEHICNEOS Ethereum High 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.

NEHI Crypto income shelves are stacked with Bitcoin. NEHI aims the same covered-call machinery at Ether: hold Ether-linked exchange-traded products, sell calls against them, convert part of the upside into monthly cash.

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.

NEHI The Fund seeks high monthly income and potential appreciation through ETPs with direct exposure to Ether, using a call-option strategy that converts part of potential Ether upside into current 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.
  • NEHI The Ether entry in a group built mostly on Bitcoin. Its highest-graded peers (SPBC, CEPI, BTCC, BAGY, DFII) all reference Bitcoin; NEHI's reference asset is Ether.
  • The mechanism is plain: own ETPs with direct Ether exposure, write calls on top, pay monthly. Upside is traded for current income by design, not by drift.
  • A registered 1940 Act fund, not a crypto account. Ether exposure arrives through an ETF ticker instead of wallets, keys or an exchange login.

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.
  • NEHI At 0.98%, the fee sits at the upper end of the crypto-income group, above the cohort's typical charge. Options overlays bill for the work.
  • Selling calls clips Ether's sharpest rallies while leaving downside largely intact. That asymmetry is the price of the income.
  • Launched December 2025, so the payout record is thin, and the fund discloses that monthly distributions can include return of capital.

Full CEPI profile⁠

Full NEHI profile⁠

CEPI vs NEHI 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 NEHI Cost

Overpaying NEHI vs CEPI

$2,163

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

  • CEPI 0.85%

    $16,199

  • NEHI 0.98%

    $18,362

$10,000
30 years

Cost over time

  • CEPI 0.85%
  • NEHI 0.98%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530NEHI $18,362CEPI $16,199

Year by year

YearCEPINEHIOverpaying
10$1,508$1,729$221
20$5,706$6,504$798
30$16,199$18,362$2,163

Expense ratio

  • 0.85%CEPI, cheaper
  • 0.98%NEHI
  • Middle half of Crypto Option Income funds
  • Median 0.85%

CEPI 10th cheapest of 21 funds

NEHI 14th cheapest of 21 funds

CEPI vs NEHI Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
CEPI 48.27%
NEHI No data
Payout (12M)
CEPI $13.03
NEHI No data
Last payment
CEPI $0.22
NEHI $0.76
Ex-dividend
CEPI Oct 28, 2026
NEHI Oct 21, 2026
Paid on
CEPI Oct 29, 2026
NEHI Oct 23, 2026
Frequency
CEPI Weekly
NEHI Monthly

Distribution history

Per share, 2026, same scale for both

CEPIWeekly · 27 paymentsAll CEPI payments⁠
One bar per payment. 27 payments in 2026 YTD. Jan 27, 2026 $1.25; Feb 24, 2026 $1.11; Mar 24, 2026 $1.06; Apr 28, 2026 $1.17; May 27, 2026 $0.28; Jun 3, 2026 $0.29; Jun 10, 2026 $0.28; Jun 17, 2026 $0.28; Jun 24, 2026 $0.28; Jul 1, 2026 $0.27; Jul 8, 2026 $0.27; Jul 15, 2026 $0.26; Jul 22, 2026 $0.26; Jul 29, 2026 $0.25; Aug 5, 2026 $0.26; Aug 12, 2026 $0.25; Aug 19, 2026 $0.26; Aug 26, 2026 $0.25; Sep 2, 2026 $0.25; Sep 9, 2026 $0.26; Sep 16, 2026 $0.25; Sep 23, 2026 $0.26; Sep 30, 2026 $0.25; Oct 7, 2026 $0.26; Oct 14, 2026 $0.25; Oct 21, 2026 $0.23; Oct 28, 2026 $0.22. Use the arrow keys to read each point.$0$12026YTD
NEHIMonthly · 10 paymentsAll NEHI payments⁠
One bar per payment. 10 payments in 2026 YTD. Jan 21, 2026 $1.51; Feb 18, 2026 $0.91; Mar 18, 2026 $0.98; Apr 22, 2026 $0.98; May 20, 2026 $0.89; Jun 16, 2026 $0.69; Jul 22, 2026 $0.74; Aug 19, 2026 $0.72; Sep 16, 2026 $0.87; Oct 21, 2026 $0.76. Use the arrow keys to read each point.$0$12026YTD

CEPI vs NEHI 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 2025NEHI No data
Return per unit of riskSharpe ratio, 3 years
CEPI 0.41since Jan 2025NEHI No data
Worst fallMax drawdown, 5 years
CEPI −29.4%since Dec 2024NEHI No data
Market sensitivityBeta, 5 years
CEPI 1.69NEHI 0.46

CEPI and NEHI in the news

All news⁠

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