Data as of . Every figure is the income desk's own, on published data.
FEPI vs QQQI
What they hold in common
By the books each fund has filed, FEPI and QQQI hold 49% of their money in the same securities at the same weight.
| Holding | FEPI | QQQI |
|---|---|---|
| NVIDIA CORPORATION | 7.76% | 7.66% |
| MICRON TECHNOLOGY, INC. | 8.91% | 5.61% |
| APPLE INC. | 5.14% | 6.63% |
| MICROSOFT CORPORATION | 5.19% | 4.38% |
| ADVANCED MICRO DEVICES, INC. | 9.98% | 4.12% |
| AMAZON.COM, INC. | 5.21% | 4.05% |
| TESLA, INC. | 7.47% | 3.35% |
| ALPHABET INC. | 8.83% | 3.32% |
| INTEL CORPORATION | 5.24% | 2.99% |
| BROADCOM INC. | 8.05% | 2.82% |
| META PLATFORMS, INC. | 5.14% | 2.65% |
| NETFLIX, INC. | 5.16% | 1.32% |
| Only in FEPI | Only in QQQI |
|---|---|
| ORACLE CORPORATION 5.16% | Alphabet Inc 3.07% |
| United States of America 2.42% | Applied Materials Inc 2.51% |
| Lam Research Corp 2.37% | |
| Walmart Inc 2.36% | |
| Cisco Systems Inc 1.97% | |
| Costco Wholesale Corp 1.77% | |
| KLA Corp 1.69% | |
| Sandisk Corp 1.43% |
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 Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| FEPI | QQQI | FEPI | QQQI | FEPI | QQQI | |
| 3 months | +2.7% | +2.9% | 6.0% | 3.5% | +0.6 pts | +0.8 pts |
| 6 months | +14.8% | +13.4% | 11.7% | 7.4% | −5.3 pts | −6.8 pts |
| 1 year | +17.8% | +18.7% | 23.2% | 14.4% | −7.8 pts | −6.9 pts |
| Since launch | +66.6% | +58.8% | 66.0% | 38.6% | −30.1 pts | −12.6 pts |
| FEPI REX FANG & Innovation Equity Premium Income ETF | QQQI NEOS Nasdaq-100(R) High Income ETF | |
|---|---|---|
| Issuer | REX | NEOS |
| Strategy | covered call | covered call |
| Benchmark | Nasdaq-100 (QQQ), used as the innovation proxy | Nasdaq-100 (QQQ) |
| Pays | weekly | monthly |
| Payout rate, annualised | 25.1% | 14.3% |
| Expense ratio | 0.65% | 0.68% |
| Cash paid, 1 year | 23.2% | 14.4% |
| Price change, 1 year | −7.5% | +3.1% |
| Total return, 1 year | +17.8% | +18.7% |
| Benchmark return, 1 year | +25.6% | +25.6% |
| Ahead or behind | −7.8 pts | −6.9 pts |
| Return of capital, latest estimate | not published | 98% |
| Age | 1059 days | 948 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.
QQQI in plain words
Over the year to Sep 4, 2026, QQQI paid 14.4% of its starting value in cash distributions while its price rose 3.1%. With every distribution reinvested, the fund returned +18.7%. Nasdaq-100 (QQQ) returned +25.6% over the same days, so a holder was behind by 6.9 pts. At its price on Sep 4, 2026 the latest distribution annualises to 14.3%, paid monthly. NEOS estimates that 98% of the distribution paid Jun 18, 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 QQQI?
- Over the year to Sep 4, 2026, FEPI paid 23.2% of its starting price in cash and QQQI paid 14.4%, so FEPI 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 QQQI?
- With every distribution reinvested, FEPI returned +17.8% and QQQI returned +18.7% over the year to Sep 4, 2026, so QQQI returned more.
- Which is cheaper, FEPI or QQQI?
- FEPI charges 0.65% a year and QQQI charges 0.68%, 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 QQQI, data as of Sep 4, 2026. https://etfiq.com/compare/income/FEPI-QQQI.html Free to use with attribution; the underlying files are at Open data.