Data as of . Every figure is the income desk's own, on published data.
AIPI vs MSFO
What they hold in common
By the books each fund has filed, AIPI and MSFO hold 0% of their money in the same securities at the same weight.
| Only in AIPI | Only in MSFO |
|---|---|
| CROWDSTRIKE HOLDINGS, INC. 11.93% | TREASURY BILL 32.44% |
| PALANTIR TECHNOLOGIES INC. 8.40% | TREASURY BILL 31.42% |
| NVIDIA CORPORATION 8.23% | TREASURY BILL 14.95% |
| Astera Labs, Inc 7.20% | TREASURY BILL 12.47% |
| DATADOG, INC. 6.65% | TREASURY BILL 8.72% |
| MICRON TECHNOLOGY, INC. 4.15% | |
| SUPER MICRO COMPUTER, INC. 3.95% | |
| IONQ Inc 3.62% |
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 | MSFO | AIPI | MSFO | AIPI | MSFO | |
| 3 months | +7.3% | +16.0% | 8.4% | 11.2% | +4.5 pts | −4.2 pts |
| 6 months | +21.6% | +18.9% | 16.1% | 20.6% | −9.4 pts | −3.8 pts |
| 1 year | +25.5% | +0.3% | 31.2% | 27.9% | −17.3 pts | +1.1 pts |
| 3 years | n/a | +51.3% | n/a | 78.8% | n/a | −2.1 pts |
| Since launch | +54.8% | +55.5% | 63.2% | 81.0% | −37.0 pts | −2.8 pts |
| AIPI REX AI EQUITY PREMIUM INCOME ETF | MSFO YieldMax(R) MSFT Option Income Strategy ETF | |
|---|---|---|
| Issuer | REX | YieldMax |
| Strategy | covered call | synthetic covered call |
| Benchmark | AI and technology (AIQ), used as the AI proxy | Microsoft (MSFT) |
| Pays | weekly | weekly |
| Payout rate, annualised | 35.0% | 41.2% |
| Expense ratio | 0.65% | 1.03% |
| Cash paid, 1 year | 31.2% | 27.9% |
| Price change, 1 year | −10.2% | −30.3% |
| Total return, 1 year | +25.5% | +0.3% |
| Benchmark return, 1 year | +42.9% | −0.8% |
| Ahead or behind | −17.3 pts | +1.1 pts |
| Return of capital, latest estimate | 100% | 95% |
| Age | 822 days | 1106 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).
MSFO in plain words
Over the year to Sep 4, 2026, MSFO paid 27.9% of its starting value in cash distributions while its price fell 30.3%. With every distribution reinvested, the fund returned +0.3%. Microsoft (MSFT) returned −0.8% over the same days, so a holder was ahead by 1.1 pts. At its price on Sep 4, 2026 the latest distribution annualises to 41.2%, paid weekly. YieldMax estimates that 95% of the distribution paid Sep 4, 2026 was a return of capital (19a-1 notice, estimated, a tax characterisation rather than a measure of erosion).
Questions people ask
- Which paid more, AIPI or MSFO?
- Over the year to Sep 4, 2026, AIPI paid 31.2% of its starting price in cash and MSFO paid 27.9%, 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 MSFO?
- With every distribution reinvested, AIPI returned +25.5% and MSFO returned +0.3% over the year to Sep 4, 2026, so AIPI returned more.
- Which is cheaper, AIPI or MSFO?
- AIPI charges 0.65% a year and MSFO charges 1.03%, 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 MSFO, data as of Sep 4, 2026. https://etfiq.com/compare/income/AIPI-MSFO.html Free to use with attribution; the underlying files are at Open data.