Which paid more, FEPI or MSFO?

Over the year to Sep 4, 2026, FEPI paid 23.2% of its starting price in cash and MSFO paid 27.9%, so MSFO paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, FEPI or MSFO?

With every distribution reinvested, FEPI returned +17.8% and MSFO returned +0.3% over the year to Sep 4, 2026, so FEPI returned more.

Which is cheaper, FEPI or MSFO?

FEPI charges 0.65% a year and MSFO charges 1.03%, so FEPI is cheaper. Fees come from each fund's prospectus.

Data as of Sep 4, 2026. Every figure is the income desk's own, on published data.

FEPI vs MSFO

Name: ETFIQ comparison of FEPI and MSFO
Creator: ETFIQ

REX FANG & Innovation Equity Premium Income ETF and YieldMax(R) MSFT Option Income Strategy ETF, side by side on the income desk.

Open the live comparison on ETFIQ

FEPI and MSFO on the income desk fields, as of Sep 4, 2026. Source: ETFIQ.
	FEPI REX FANG & Innovation Equity Premium Income ETF	MSFO YieldMax(R) MSFT Option Income Strategy ETF
Issuer	REX	YieldMax
Strategy	covered call	synthetic covered call
Benchmark	Nasdaq-100 (QQQ), used as the innovation proxy	Microsoft (MSFT)
Pays	weekly	weekly
Payout rate, annualised	25.1%	41.2%
Expense ratio	0.65%	1.03%
Cash paid, 1 year	23.2%	27.9%
Price change, 1 year	−7.5%	−30.3%
Total return, 1 year	+17.8%	+0.3%
Benchmark return, 1 year	+25.6%	−0.8%
Ahead or behind	−7.8 pts	+1.1 pts
Return of capital, latest estimate	not published	95%
Age	1059 days	1106 days

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.

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, FEPI or MSFO?: Over the year to Sep 4, 2026, FEPI paid 23.2% of its starting price in cash and MSFO paid 27.9%, so MSFO paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, FEPI or MSFO?: With every distribution reinvested, FEPI returned +17.8% and MSFO returned +0.3% over the year to Sep 4, 2026, so FEPI returned more.
Which is cheaper, FEPI or MSFO?: FEPI charges 0.65% a year and MSFO charges 1.03%, so FEPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

Cite this page. ETFIQ, FEPI against MSFO, data as of Sep 4, 2026. https://etfiq.com/compare/income/FEPI-MSFO.html Free to use with attribution; the underlying files are at Open data.

ETFIQ is an independent publisher of exchange-traded fund data. It is not a fund issuer, broker-dealer or investment adviser, and it makes no recommendations; every figure here is stated arithmetic on published data. Standards and sources