Which paid more, FEPI or ULTY?

Over the year to Sep 4, 2026, FEPI paid 23.2% of its starting price in cash and ULTY paid 48.3%, so ULTY 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 ULTY?

With every distribution reinvested, FEPI returned +17.8% and ULTY returned −2.9% over the year to Sep 4, 2026, so FEPI returned more.

Which is cheaper, FEPI or ULTY?

FEPI charges 0.65% a year and ULTY charges 1.30%, 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 ULTY

Name: ETFIQ comparison of FEPI and ULTY
Creator: ETFIQ

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

Open the live comparison on ETFIQ

FEPI and ULTY on the income desk fields, as of Sep 4, 2026. Source: ETFIQ.
	FEPI REX FANG & Innovation Equity Premium Income ETF	ULTY YieldMax(R) Ultra Option Income Strategy ETF
Issuer	REX	YieldMax
Strategy	covered call	synthetic covered call
Benchmark	Nasdaq-100 (QQQ), used as the innovation proxy	S&P 500 (SPY), used as a default proxy
Pays	weekly	weekly
Payout rate, annualised	25.1%	60.4%
Expense ratio	0.65%	1.30%
Cash paid, 1 year	23.2%	48.3%
Price change, 1 year	−7.5%	−52.1%
Total return, 1 year	+17.8%	−2.9%
Benchmark return, 1 year	+25.6%	+20.0%
Ahead or behind	−7.8 pts	−22.8 pts
Return of capital, latest estimate	not published	100%
Age	1059 days	918 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.

ULTY in plain words

Over the year to Sep 4, 2026, ULTY paid 48.3% of its starting value in cash distributions while its price fell 52.1%. With every distribution reinvested, the fund returned −2.9%. S&P 500 (SPY), used as a default proxy returned +20.0% over the same days, so a holder was behind by 22.8 pts. At its price on Sep 4, 2026 the latest distribution annualises to 60.4%, paid weekly. YieldMax estimates that 100% of the distribution paid Sep 3, 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 ULTY?: Over the year to Sep 4, 2026, FEPI paid 23.2% of its starting price in cash and ULTY paid 48.3%, so ULTY 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 ULTY?: With every distribution reinvested, FEPI returned +17.8% and ULTY returned −2.9% over the year to Sep 4, 2026, so FEPI returned more.
Which is cheaper, FEPI or ULTY?: FEPI charges 0.65% a year and ULTY charges 1.30%, so FEPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

Cite this page. ETFIQ, FEPI against ULTY, data as of Sep 4, 2026. https://etfiq.com/compare/income/FEPI-ULTY.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