Data as of . Every figure is the income desk's own, on published data.
AIPI vs FEPI
What they hold in common
By the books each fund has filed, AIPI and FEPI hold 38% of their money in the same securities at the same weight.
| Holding | AIPI | FEPI |
|---|---|---|
| NVIDIA CORPORATION | 8.23% | 7.76% |
| PALANTIR TECHNOLOGIES INC. | 8.40% | 5.17% |
| MICRON TECHNOLOGY, INC. | 4.15% | 8.91% |
| ADVANCED MICRO DEVICES, INC. | 3.32% | 9.98% |
| INTEL CORPORATION | 2.67% | 5.24% |
| APPLE INC. | 2.58% | 5.14% |
| MICROSOFT CORPORATION | 2.52% | 5.19% |
| BROADCOM INC. | 2.46% | 8.05% |
| META PLATFORMS, INC. | 2.41% | 5.14% |
| AMAZON.COM, INC. | 2.34% | 5.21% |
| ALPHABET INC. | 2.29% | 8.83% |
| Only in AIPI | Only in FEPI |
|---|---|
| CROWDSTRIKE HOLDINGS, INC. 11.93% | TESLA, INC. 7.47% |
| Astera Labs, Inc 7.20% | APPLOVIN CORPORATION 5.16% |
| DATADOG, INC. 6.65% | NETFLIX, INC. 5.16% |
| SUPER MICRO COMPUTER, INC. 3.95% | ORACLE CORPORATION 5.16% |
| IONQ Inc 3.62% | United States of America 2.42% |
| PALO ALTO NETWORKS, INC. 3.61% | |
| QUALCOMM INCORPORATED 3.29% | |
| SERVICENOW, INC. 3.17% |
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 as filed for Apr 30, 2026 and May 31, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| AIPI | FEPI | AIPI | FEPI | AIPI | FEPI | |
| 3 months | +7.3% | +2.7% | 8.4% | 6.0% | +4.5 pts | +0.6 pts |
| 6 months | +21.6% | +14.8% | 16.1% | 11.7% | −9.4 pts | −5.3 pts |
| 1 year | +25.5% | +17.8% | 31.2% | 23.2% | −17.3 pts | −7.8 pts |
| Since launch | +54.8% | +66.6% | 63.2% | 66.0% | −37.0 pts | −30.1 pts |
| AIPI REX AI EQUITY PREMIUM INCOME ETF | FEPI REX FANG & Innovation Equity Premium Income ETF | |
|---|---|---|
| Issuer | REX | REX |
| Strategy | covered call | covered call |
| Benchmark | AI and technology (AIQ), used as the AI proxy | Nasdaq-100 (QQQ), used as the innovation proxy |
| Pays | weekly | weekly |
| Payout rate, annualised | 35.0% | 25.1% |
| Expense ratio | 0.65% | 0.65% |
| Cash paid, 1 year | 31.2% | 23.2% |
| Price change, 1 year | −10.2% | −7.5% |
| Total return, 1 year | +25.5% | +17.8% |
| Benchmark return, 1 year | +42.9% | +25.6% |
| Ahead or behind | −17.3 pts | −7.8 pts |
| Return of capital, latest estimate | 100% | not published |
| Age | 822 days | 1059 days |
AIPI in plain words
Over the year to Sep 4, 2026, AIPI paid 31.2% of its starting value in cash distributions while its price fell 10.2%. With every distribution reinvested, the fund returned +25.5%. AI and technology (AIQ), used as the AI proxy returned +42.9% over the same days, so a holder was behind by 17.3 pts. At its price on Sep 4, 2026 the latest distribution annualises to 35.0%, paid weekly. REX estimates that 100% of the distribution paid was a return of capital (19a-1 notice, estimated, a tax characterisation rather than a measure of erosion).
FEPI in plain words
Over the year to Sep 4, 2026, FEPI paid 23.2% of its starting value in cash distributions while its price fell 7.5%. With every distribution reinvested, the fund returned +17.8%. Nasdaq-100 (QQQ), used as the innovation proxy returned +25.6% over the same days, so a holder was behind by 7.8 pts. At its price on Sep 4, 2026 the latest distribution annualises to 25.1%, paid weekly.
Questions people ask
- Which paid more, AIPI or FEPI?
- Over the year to Sep 4, 2026, AIPI paid 31.2% of its starting price in cash and FEPI paid 23.2%, so AIPI paid more. Cash paid is not the same as money made: the price change matters too.
- Which returned more once distributions are counted, AIPI or FEPI?
- With every distribution reinvested, AIPI returned +25.5% and FEPI returned +17.8% over the year to Sep 4, 2026, so AIPI returned more.
- Which is cheaper, AIPI or FEPI?
- AIPI charges 0.65% a year and FEPI charges 0.65%, so AIPI is cheaper. Fees come from each fund's prospectus.
Other comparisons
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, AIPI against FEPI, data as of Sep 4, 2026. https://etfiq.com/compare/income/AIPI-FEPI.html Free to use with attribution; the underlying files are at Open data.