FEPI: REX FANG & Innovation Equity Premium Income ETF
REX Shares · Index Covered Call / Option Income
Growth of $100
Green is what an investor who reinvested every payout would have; red is the price alone. The gap between them is the income. If the red line keeps falling, the payouts are partly your own money coming back.
Was the payout earned?
Over the last year FEPI paid 29.2% but its total return was -1.3%, so none of the payout was earned: the price fell by more than the fund paid out.
| Earned % (3 months) | below -100% |
| Earned % (1 year) | -14% |
| Earned % (full history, up to 5 yrs) | 56% |
Earned % = total return ÷ payouts. 100% means every dollar paid out was earned; below 100% means part of it came from the fund's own value. This is an economic measure based on market price, not the tax label on the payout.
Where the DT Score comes from
Total 32.6 / 100 · rank #291 of 420. How the score works
Risk
| Sortino ratio (1Y) | -0.48 |
| Sharpe ratio (1Y) | -0.37 |
| Steadiness vs S&P 500 | 61% |
| Beta to S&P 500 | 1.39 |
| Correlation to S&P 500 | 0.85 |
| Max drop (1Y) | -17.5% |
| Max drop (up to 5 yrs) | -23.6% |
| Trend | Downtrend |
| History | 3.1 yrs |
Vs. SPY (what it's built on)
| Upside capture | 124% |
| Downside capture | 143% |
| Capture ratio | 0.86 |
| Beta | 1.39 |
| Correlation | 0.85 |
| Tracking | – |
On days SPY rose, FEPI caught 124% of the gain; on days it fell, FEPI took 143% of the loss.
Payout history
Each bar is one payout (last 36 shown). Pays Weekly.
| Ex-date | Amount |
|---|---|
| 2026-11-04 | $0.1830 |
| 2026-10-28 | $0.1960 |
| 2026-10-21 | $0.2020 |
| 2026-10-14 | $0.2090 |
| 2026-10-07 | $0.2110 |
| 2026-09-30 | $0.2070 |
| 2026-09-23 | $0.2100 |
| 2026-09-16 | $0.2040 |
| 2026-09-09 | $0.2060 |
| 2026-09-02 | $0.2050 |
| 2026-08-26 | $0.2000 |
| 2026-08-19 | $0.2050 |
Funds that track the same thing
Other Nasdaq-100 / Tech income funds, ranked by DT Score. See them all · Compare FEPI with the top 3
| Fund | Category | Fwd rate | 12m yield | 1Y total ret. | Earned % 1Y | Upside capt. | Downside capt. | Tracking | DT Score | Momentum | Trend |
|---|---|---|---|---|---|---|---|---|---|---|---|
| QYLD Global X NASDAQ 100 Covered Call ETF | Index Covered Call / Option Income | 13.9% | 12.5% | +11.0% | 84% | 54% | 49% | Loosely | 72 | 48 | Downtrend |
| FTQI First Trust Nasdaq BuyWrite Income ETF | Index Covered Call / Option Income | 12.9% | 12.2% | +11.4% | 85% | 54% | 49% | Loosely | 70 | 42 | Downtrend |
| QQQX Nuveen NASDAQ 100 Dynamic Overwrite Fund | CEF - Equity | 10.2% | 9.2% | +13.3% | 123% | 77% | 71% | Loosely | 67 | 42 | Downtrend |
| SOXY YieldMax Target 12 Semiconductor Option Income ETF | Index Covered Call / Option Income | 14.6% | 13.9% | +32.8% | 188% | 103% | 104% | Closely | 66 | 5 | Downtrend |
| BSTZ BlackRock Science and Technology Trust II | CEF - Equity | 8.1% | 15.5% | +24.9% | 136% | 130% | 119% | Loosely | 66 | 12 | Downtrend |
| BST BlackRock Science and Technology Trust | CEF - Equity | 6.9% | 15.0% | +18.0% | 108% | 107% | 99% | Loosely | 66 | 30 | Downtrend |
| TDVI FT Vest Technology Dividend Target Income ETF | Index Covered Call / Option Income | 8.2% | 8.0% | +11.6% | 123% | 88% | 84% | Loosely | 65 | 32 | Downtrend |
| CAIQ Calamos Nasdaq Autocallable Income ETF | Autocallable / Structured Income | 19.8% | 16.5% | – | – | 65% | 66% | Closely | 60 | 28 | Downtrend |
| GPIQ Goldman Sachs Nasdaq-100 Premium Income ETF | Index Covered Call / Option Income | 11.9% | 10.3% | +7.7% | 61% | 87% | 86% | Closely | 59 | 26 | Downtrend |
| SEMY GraniteShares YieldBOOST Semiconductor ETF | Index Covered Call / Option Income | 65.1% | 178.8% | – | – | 50% | 50% | Loosely | 54 | 15 | Downtrend |
About FEPI
| Issuer | REX Shares |
| Structure | ETF |
| Category | Index Covered Call / Option Income |
| Strategy | Synthetic covered call (call/put based) on equity basket; weekly distributions |
| Underlying | FANG+ index stocks |
| Exposure | Nasdaq-100 / Tech |
| Index linkage | No - active |
| Pays | Weekly |
| Expense ratio | 0.65% |
| Launched | 2023-10 |
| Uses leverage | No |
| Upside capped | Yes |
| Rate sensitivity | Neutral |
| Return of capital common | Yes |
| Tax notes | Mostly ROC |
Research notes: Expense ratio from memory - verify.
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