Data as of Nov 4, 2026.
AIPI vs WEPN: Dividend Yield & Total Return
AIPI and WEPN both write options for income.
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Net assets: $446m on Nov 3, 2026 for REX AI EQUITY PREMIUM INCOME ETF, and $6.1m on Jul 31, 2026 for Nicholas Defense and Rare Earth Income ETF.
Not measured
AIPI over 1 year: paid 29.2%, price −24.8%, total +5.3%, not measured against a benchmark. Data to Nov 4, 2026.
AIPI
+5.3%
29.2% as cash
Total return, distributions reinvested
Not measured
AIPI over 1 year: paid 29.2%, price −24.8%, total +5.3%, not measured against a benchmark. Data to Nov 4, 2026.
AIPI
+5.3%
29.2% of it arrived as cash. Total return, distributions reinvested. AIPI over 1 year: paid 29.2%, price −24.8%, total +5.3%, not measured against a benchmark. Data to Nov 4, 2026.
Data to Nov 4, 2026.Not measured
WEPN since launch: paid 7.4%, price −24.4%, total −17.8%, not measured against a benchmark. Data to Nov 4, 2026.
WEPN
−17.8%
Total return, distributions reinvested
Not measured
WEPN since launch: paid 7.4%, price −24.4%, total −17.8%, not measured against a benchmark. Data to Nov 4, 2026.
WEPN
−17.8%
7.4% of it arrived as cash. Both charts share one scale, with zero at the line. WEPN since launch: paid 7.4%, price −24.4%, total −17.8%, not measured against a benchmark. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
AIPI costs 0.46 points a year less.
Points (pts) are percentage points.
| Measure | AIPI | WEPN |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +5.3% | not published |
| Price change | fell 24.8% (1 year) | fell 16.9% (6 months) |
| Return of capital, issuer estimate | 100% of the Oct 22, 2026 payment | 100% of the Oct 28, 2026 payment |
| Against its benchmark | ||
| Benchmark | not published | its own holdings |
| Against its benchmark, same days | behind by 5.9 pts | |
| Cost and size | ||
| Expense ratio | 0.65% | 1.11% |
| Net assets, AIPI as of Nov 3, 2026 and WEPN as of Jul 31, 2026 | $446m | $6.1m |
| Holdings | ||
| Holdings in common | 15% | |
What they share
By the books each fund has filed, AIPI and WEPN hold 15% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.
half
15% in common
Only in one fund ↓
Side by side
As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.
Window by window
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | AIPI | WEPN | AIPI | WEPN | AIPI | WEPN |
| 3 months | −3.8% | −12.2% | 8.7% | 2.9% | not measured | −4.0 pts |
| 6 months | +4.5% | −11.8% | 16.2% | 5.8% | not measured | −5.9 pts |
| 1 year | +5.3% | – | 29.2% | – | not measured | – |
| Since launchNot the same days: AIPI Jun 2024 · WEPN Mar 2026 | +42.9% | −17.8% | 67.5% | 7.4% | not measured | not measured |
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AIPI
Over the year to Nov 4, 2026, AIPI paid 29.2% of its starting value in cash distributions while its price fell 24.8%. With every distribution reinvested, the fund returned +5.3%. At its price on Nov 4, 2026 the latest distribution annualizes to 35.0%, paid weekly. REX estimates that 100% of the distribution paid Oct 22, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
WEPN's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Jul 31, 2026) returned −5.9% over the same days, so a holder was behind by 5.9 pts.
Over the 6 months to Nov 4, 2026, WEPN paid 5.8% of its starting value in cash distributions while its price fell 16.9%. With every distribution reinvested, the fund returned −11.8%. At its price on Nov 4, 2026 the latest distribution annualizes to 13.1%, paid weekly. Nicholas estimates that 100% of the distribution paid Oct 28, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
Cite this pageCitation, APA and Markdown
ETFIQ, AIPI against WEPN, data as of Nov 4, 2026. https://etfiq.com/compare/income/aipi-vs-wepn
ETFIQ. (Nov 4, 2026). AIPI against WEPN. Retrieved from https://etfiq.com/compare/income/aipi-vs-wepn
[AIPI against WEPN (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/aipi-vs-wepn)
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