Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
FEPI vs SPY: how they differ
Over the year FEPI and SPY finished level, +17.1% against +17.5%, and SPY charges 0.09% against 0.65%.
REX FANG & Innovation Equity Premium Income ETF and SPDR S&P 500 ETF Trust.
What they hold in common
By the books each fund has filed, FEPI and SPY hold 0% of their money in the same securities at the same weight.
| Only in FEPI | Only in SPY |
|---|---|
| ADVANCED MICRO DEVICES, INC. 9.98% | NVIDIA CORP 8.08% |
| MICRON TECHNOLOGY, INC. 8.91% | APPLE INC 7.33% |
| ALPHABET INC. 8.83% | MICROSOFT CORP 5.59% |
| BROADCOM INC. 8.05% | AMAZON.COM INC 3.77% |
| NVIDIA CORPORATION 7.76% | ALPHABET INC CL A 2.98% |
| TESLA, INC. 7.47% | BROADCOM INC 2.61% |
| INTEL CORPORATION 5.24% | ALPHABET INC CL C 2.39% |
| AMAZON.COM, INC. 5.21% | META PLATFORMS INC CLASS A 2.16% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Sep 10, 2026.
| FEPI REX FANG & Innovation Equity Premium Income ETF | SPY SPDR S&P 500 ETF Trust | |
|---|---|---|
| Where it sits | Income ETF | Core index fund |
| Issuer | REX | State Street |
| What it is | covered call, vs QQQ | S&P 500 |
| Total return, 1 year | +17.1% | +17.5% |
| S&P 500 over the same days | +23.0% | +17.5% |
| Gap to the S&P 500 | −5.8 pts | 0.0 pts |
| Cash paid, 1 year | 23.4% | not an income fund |
| Expense ratio | 0.65% | 0.09% |
| Holdings | not filed | 505 |
FEPI in plain words
Over the year to Sep 11, 2026, FEPI paid 23.4% of its starting value in cash distributions while its price fell 8.5%. With every distribution reinvested, the fund returned +17.1%. Nasdaq-100 (QQQ), used as the innovation proxy returned +23.0% over the same days, so a holder was behind by 5.8 pts. At its price on Sep 11, 2026 the latest distribution annualizes to 25.2%, paid weekly.
SPY in plain words
SPY is an index equity fund tracking the S&P 500. Over the year to Sep 11, 2026 it returned +17.5% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year. By its holdings filed for Sep 10, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 38.2%.
Questions people ask
- Which returned more over the last year, FEPI or SPY?
- In the year to Sep 13, 2026, with distributions reinvested, FEPI returned +17.1% and SPY returned +17.5%, so SPY returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, FEPI or SPY?
- FEPI charges 0.65% a year and SPY charges 0.09%, so SPY is cheaper. Fees come from each fund's prospectus.
- Are FEPI and SPY the same kind of fund?
- No. FEPI is an option-income ETF and SPY is an index ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, FEPI against SPY, data as of Sep 13, 2026. https://etfiq.com/compare/any/fepi-vs-spy Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources