Data as of Oct 28, 2026.
FEPI vs QQQ: Differences, Returns & Fees
Over the year to Oct 28, 2026, FEPI returned +8.5% to QQQ's +15.2%, and QQQ charges 0.18% to FEPI's 0.65%.
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Net assets on Oct 27, 2026: $725m for REX FANG & Innovation Equity Premium Income ETF and $483.0bn for Invesco QQQ Trust, Series 1.
Pair scorecard
QQQ costs 0.47 points a year less; their one-year returns differ by 6.7 points; QQQ is far larger, $483.0bn against $725m.
| Measure | FEPI | QQQ |
|---|---|---|
| Return | ||
| Total return, 1 year | +8.5% | +15.2% |
| Price change, 1 year | fell 16.3% | rose 14.6% |
| Latest payout, annualized | 24.6% | |
| Drawdown | ||
| Below its high | 4.5%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | not published | Nasdaq-100 Index |
| Cost and size | ||
| Expense ratio | 0.65% | 0.18% |
| Net assets, as of Oct 27, 2026 | $725m | $483.0bn |
| Holdings | ||
| Holdings in common | 48% | |
| In the S&P 500, by weight | 96% | |
| Top ten holdings, share of the fund | 46.7% | |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method
Risk and return
Oct 20, 2023 to Oct 23, 2026 · 157 weekly returnsQQQ returned more: +102.0% to +68.3%. FEPI swung slightly less: 19.1% to 19.6%. QQQ fell slightly less at its worst: −21.3% to −22.7%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FEPI | QQQ | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +68.3% | +102.0% | QQQ | Price change plus distributions, reinvested. |
| Annualized | +18.8% | +26.2% | QQQ | Total return as a yearly rate. |
| Price return | −19.7% | +98.6% | QQQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.1% | 19.6% | FEPI (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.4% | 12.5% | QQQ (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −22.7% | −21.3% | QQQ (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.77 | 1.06 | QQQ | Return above Treasury bills per unit of volatility. |
| Sortino | 1.09 | 1.66 | QQQ | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.83 | 1.23 | QQQ | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 157 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FEPI and QQQ hold 48% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.
half
48% in common
Only in one fund ↓
Side by side
FEPI and QQQ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
FEPI and QQQ do different jobs. What does each one do in a portfolio?
- Holdings in common. 48% of the weight is in the same securities (holdings dated Jul 31, 2026 and Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 FEPI returned +8.5% and QQQ +15.2% with distributions reinvested, a gap of 6.7 points.
- Cost. FEPI charges 0.65% of assets a year and QQQ 0.18%, a gap of 0.47 points.
Data as of Oct 28, 2026.
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FEPI
Over the year to Oct 28, 2026, FEPI paid 22.9% of its starting value in cash distributions while its price fell 16.3%. With every distribution reinvested, the fund returned +8.5%. At its price on Oct 28, 2026 the latest distribution annualizes to 24.6%, paid weekly.
QQQ
QQQ tracks the Nasdaq-100. Over the year to Oct 28, 2026 it returned +15.2% with distributions reinvested, against +15.2% for its benchmark, the Nasdaq-100 Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 27, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 103 positions, with the top ten at 46.7%. It sat 4.5% below its high of Oct 6, 2026 on Oct 28, 2026.
Questions people ask
- Are FEPI and QQQ in the same category?
- FEPI is an option-income ETF and QQQ is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, FEPI or QQQ?
- In the year to Oct 28, 2026, with distributions reinvested, FEPI returned +8.5% and QQQ +15.2%.
- Which is cheaper, FEPI or QQQ?
- QQQ is cheaper, by 0.47 percentage points a year. That is about $47 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, FEPI against QQQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/fepi-vs-qqq
ETFIQ. (Oct 28, 2026). FEPI against QQQ. Retrieved from https://etfiq.com/compare/any/fepi-vs-qqq
[FEPI against QQQ (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/fepi-vs-qqq)
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