Data as of . Every figure is the income desk's own, on published data.
FEPI vs OARK
What they hold in common
By the books each fund has filed, FEPI and OARK hold 0% of their money in the same securities at the same weight.
| Only in FEPI | Only in OARK |
|---|---|
| ADVANCED MICRO DEVICES, INC. 9.98% | TREASURY BILL 37.81% |
| MICRON TECHNOLOGY, INC. 8.91% | TREASURY BILL 30.32% |
| ALPHABET INC. 8.83% | TREASURY BILL 18.55% |
| BROADCOM INC. 8.05% | TREASURY BILL 10.80% |
| NVIDIA CORPORATION 7.76% | TREASURY BILL 2.51% |
| TESLA, INC. 7.47% | |
| INTEL CORPORATION 5.24% | |
| AMAZON.COM, INC. 5.21% |
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.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| FEPI | OARK | FEPI | OARK | FEPI | OARK | |
| 3 months | +2.7% | +9.3% | 6.0% | 9.7% | +0.6 pts | +7.2 pts |
| 6 months | +14.8% | +14.7% | 11.7% | 22.1% | −5.3 pts | −5.5 pts |
| 1 year | +17.8% | +13.3% | 23.2% | 39.3% | −7.8 pts | −12.3 pts |
| 3 years | n/a | +54.1% | n/a | 84.0% | n/a | −39.4 pts |
| Since launch | +66.6% | +57.2% | 66.0% | 89.0% | −30.1 pts | −97.4 pts |
| FEPI REX FANG & Innovation Equity Premium Income ETF | OARK YieldMax(R) Innovation Option Income Strategy ETF | |
|---|---|---|
| Issuer | REX | YieldMax |
| Strategy | covered call | synthetic covered call |
| Benchmark | Nasdaq-100 (QQQ), used as the innovation proxy | Nasdaq-100 (QQQ), used as the innovation proxy |
| Pays | weekly | weekly |
| Payout rate, annualised | 25.1% | 40.3% |
| Expense ratio | 0.65% | 1.00% |
| Cash paid, 1 year | 23.2% | 39.3% |
| Price change, 1 year | −7.5% | −29.0% |
| Total return, 1 year | +17.8% | +13.3% |
| Benchmark return, 1 year | +25.6% | +25.6% |
| Ahead or behind | −7.8 pts | −12.3 pts |
| Return of capital, latest estimate | not published | 78% |
| Age | 1059 days | 1381 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.
OARK in plain words
Over the year to Sep 4, 2026, OARK paid 39.3% of its starting value in cash distributions while its price fell 29.0%. With every distribution reinvested, the fund returned +13.3%. Nasdaq-100 (QQQ), used as the innovation proxy returned +25.6% over the same days, so a holder was behind by 12.3 pts. At its price on Sep 4, 2026 the latest distribution annualises to 40.3%, paid weekly. YieldMax estimates that 78% 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 OARK?
- Over the year to Sep 4, 2026, FEPI paid 23.2% of its starting price in cash and OARK paid 39.3%, so OARK 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 OARK?
- With every distribution reinvested, FEPI returned +17.8% and OARK returned +13.3% over the year to Sep 4, 2026, so FEPI returned more.
- Which is cheaper, FEPI or OARK?
- FEPI charges 0.65% a year and OARK charges 1.00%, so FEPI 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, FEPI against OARK, data as of Sep 4, 2026. https://etfiq.com/compare/income/FEPI-OARK.html Free to use with attribution; the underlying files are at Open data.