Data as of Oct 28, 2026.
FEPI vs SPY: Differences, Returns & Fees
Over the year to Oct 28, 2026, FEPI returned +8.5% to SPY's +13.6%, and SPY charges 0.09% to FEPI's 0.65%.
askIQ about this page
askIQ about FEPI and SPY
Net assets on Oct 27, 2026: $725m for REX FANG & Innovation Equity Premium Income ETF and $814.8bn for SPDR S&P 500 ETF Trust.
Pair scorecard
SPY costs 0.56 points a year less; their one-year returns differ by 5.1 points; SPY is far larger, $814.8bn against $725m.
| Measure | FEPI | SPY |
|---|---|---|
| Return | ||
| Total return, 1 year | +8.5% | +13.6% |
| Price change, 1 year | fell 16.3% | rose 12.4% |
| Latest payout, annualized | 24.6% | |
| Benchmark | ||
| What it tracks | not published | S&P 500 Index |
| Cost and size | ||
| Expense ratio | 0.65% | 0.09% |
| Net assets, as of Oct 27, 2026 | $725m | $814.8bn |
| Holdings | ||
| Holdings in common | 36% | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 38.1% | |
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 returnsSPY returned more: +87.1% to +68.3%. SPY swung less: 14.3% to 19.1%. SPY fell less at its worst: −16.9% to −22.7%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FEPI | SPY | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +68.3% | +87.1% | SPY | Price change plus distributions, reinvested. |
| Annualized | +18.8% | +23.1% | SPY | Total return as a yearly rate. |
| Price return | −19.7% | +80.4% | SPY | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.1% | 14.3% | SPY | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.4% | 9.0% | SPY | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −22.7% | −16.9% | SPY | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.77 | 1.22 | SPY | Return above Treasury bills per unit of volatility. |
| Sortino | 1.09 | 1.92 | SPY | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.83 | 1.37 | SPY | 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 SPY hold 36% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.
half
36% in common
Only in one fund ↓
Side by side
FEPI and SPY 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 SPY do different jobs. What does each one do in a portfolio?
- Holdings in common. 36% 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 SPY +13.6% with distributions reinvested, a gap of 5.1 points.
- Cost. FEPI charges 0.65% of assets a year and SPY 0.09%, a gap of 0.56 points.
Data as of Oct 28, 2026.
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
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.
SPY
SPY tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.6% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 38.1%.
Questions people ask
- Are FEPI and SPY in the same category?
- FEPI is an option-income ETF and SPY 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 SPY?
- In the year to Oct 28, 2026, with distributions reinvested, FEPI returned +8.5% and SPY +13.6%.
- Which is cheaper, FEPI or SPY?
- SPY is cheaper, by 0.56 percentage points a year. That is about $56 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.
Cite this pageCitation, APA and Markdown
ETFIQ, FEPI against SPY, data as of Oct 28, 2026. https://etfiq.com/compare/any/fepi-vs-spy
ETFIQ. (Oct 28, 2026). FEPI against SPY. Retrieved from https://etfiq.com/compare/any/fepi-vs-spy
[FEPI against SPY (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/fepi-vs-spy)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.