Which paid more, AMZY or FEPI?

Over the year to Oct 28, 2026, AMZY paid 34.3% of its starting price in cash and FEPI paid 22.9%, so AMZY paid more. Cash paid is not the same as money made: the price change matters too.

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

With every distribution reinvested, AMZY returned +7.2% and FEPI +8.5% over the year to Oct 28, 2026.

Which is cheaper, AMZY or FEPI?

AMZY charges 1.09% a year and FEPI charges 0.65%, so FEPI is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Income ETFs

AMZY vs FEPI: Dividend Yield & Total Return

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Over the year to Oct 28, 2026, AMZY paid 34.3% of its price in cash against FEPI’s 22.9%, though FEPI returned more with it reinvested.

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Net assets on Oct 27, 2026: $221m for YieldMax AMZN Option Income Strategy ETF and $725m for REX FANG & Innovation Equity Premium Income ETF.

AMZY on its own →FEPI on its own →

At a glance

34.3%

AMZY cash paid, 1 year

22.9%

FEPI cash paid, 1 year

+7.2%

AMZY total return, 1 year

+8.5%

FEPI total return, 1 year

AMZY · 1 year to Oct 28, 2026 3.9 pts behind AMZN

AMZY

+7.2%

AMZN

+11.1%

3.9 pts behind AMZN

AMZY over 1 year: paid 34.3%, price −28.9%, total +7.2%, AMZN +11.1%, −3.9 pts. Data to Oct 28, 2026.

AMZN

+11.1%

AMZY

+7.2%

34.3% of it arrived as cash

3.9 pts behind AMZN

Total return, distributions reinvested

3.9 pts behind AMZN

AMZY over 1 year: paid 34.3%, price −28.9%, total +7.2%, AMZN +11.1%, −3.9 pts. Data to Oct 28, 2026.

AMZN

+11.1%

AMZY

+7.2%

34.3% cash

3.9 pts behind AMZN

34.3% of it arrived as cash. Total return, distributions reinvested. AMZY over 1 year: paid 34.3%, price −28.9%, total +7.2%, AMZN +11.1%, −3.9 pts. Data to Oct 28, 2026.

Data to Oct 28, 2026.

FEPI · 1 year to Oct 28, 2026 Not measured

FEPI

+8.5%

none

Not measured

FEPI over 1 year: paid 22.9%, price −16.3%, total +8.5%, not measured against a benchmark. Data to Oct 28, 2026.

FEPI

+8.5%

22.9% of it arrived as cash

Total return, distributions reinvested

Not measured

FEPI over 1 year: paid 22.9%, price −16.3%, total +8.5%, not measured against a benchmark. Data to Oct 28, 2026.

FEPI

+8.5%

22.9% as cash

22.9% of it arrived as cash. Both charts share one scale, with zero at the line. FEPI over 1 year: paid 22.9%, price −16.3%, total +8.5%, not measured against a benchmark. Data to Oct 28, 2026.

Data to Oct 28, 2026.

Pair scorecard

FEPI costs 0.44 points a year less; their one-year returns differ by 1.3 points; FEPI is 3.3 times larger.

Points (pts) are percentage points.

AMZY vs FEPI: Dividend Yield & Total Return
Measure	AMZY	FEPI
Paid and earned
Measure	AMZY	FEPI
Total return, 1 year	+7.2%	+8.5%
Price change, 1 year	fell 28.9%	fell 16.3%
Against its benchmark
Measure	AMZY	FEPI
Benchmark	Amazon (AMZN)	not published
Cost and size
Measure	AMZY	FEPI
Expense ratio	1.09%	0.65%
Net assets, as of Oct 27, 2026	$221m	$725m
Holdings
Measure	AMZY	FEPI
Holdings in common	0%

Holdings in common uses holdings dated Jul 31, 2026 and Oct 28, 2026. Method

Risk and return

Oct 20, 2023 to Oct 23, 2026 · 157 weekly returns

AMZY FEPI

Return

Total return edge AMZY +81.9% +68.3%

Annualized edge AMZY +21.9% +18.8%

Price return edge FEPI −48.0% −19.7%

Risk

Volatility edge FEPI 24.7% 19.1%

Max drawdown edge AMZY (slight) −22.2% −22.7%

Risk-adjusted

Sharpe edge FEPI (slight) 0.75 0.77

Sortino edge AMZY (slight) 1.12 1.09

Calmar edge AMZY 0.98 0.83

Reading

AMZY returned more: +81.9% to +68.3%. FEPI swung less: 19.1% to 24.7%. AMZY fell slightly less at its worst: −22.2% to −22.7%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: AMZY vs FEPI: Dividend Yield & Total Return
Measure	AMZY	FEPI	Edge	How it is measured
Return
Total return	+81.9%	+68.3%	AMZY	Price change plus distributions, reinvested.
Annualized	+21.9%	+18.8%	AMZY	Total return as a yearly rate.
Price return	−48.0%	−19.7%	FEPI	Price change alone, distributions left out.
Risk
Volatility	24.7%	19.1%	FEPI	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	16.5%	13.4%	FEPI	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−22.2%	−22.7%	AMZY (slight)	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.75	0.77	FEPI (slight)	Return above Treasury bills per unit of volatility.
Sortino	1.12	1.09	AMZY (slight)	Return above Treasury bills per unit of downside deviation.
Calmar	0.98	0.83	AMZY	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 157 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, AMZY and FEPI hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 28, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first AMZY FEPI

Only in one fund ↓

Only in AMZY

United States Treasury Note/Bond 2.375% 05/15/2027 29.92%

United States Treasury Note/Bond 3.375% 09/15/2027 11.87%

AMZN US 11/20/26 C255 5.21%

AMZN US 10/30/26 C265 1.35%

AMZN US 10/30/26 C262.5 1.22%

AMZN US 10/30/26 C252.5 -2.04%

AMZN US 10/30/26 C255 -2.30%

2AMZN US 11/20/26 P255.01 FLX -5.06%

Only in FEPI

ALPHABET INC. 7.00%

BROADCOM INC. 6.95%

APPLE INC. 6.90%

NVIDIA CORPORATION 6.68%

ADVANCED MICRO DEVICES, INC. 6.04%

MICRON TECHNOLOGY, INC. 5.88%

META PLATFORMS, INC. 4.25%

MICROSOFT CORPORATION 4.23%

Check overlap with more funds →

Side by side

AMZY YieldMax AMZN Option Income Strategy ETF · Synthetic covered call on AMZN, paying weekly FEPI REX FANG & Innovation Equity Premium Income ETF · Covered call, paying weekly

Issuer YieldMax REX

Strategy synthetic covered call covered call

Benchmark Amazon (AMZN) none

Pays weekly weekly

Payout rate, annualized 26.6% 24.6%

Expense ratio 1.09% 0.65%

Cash paid, 1 year 34.3% 22.9%

Price change, 1 year −28.9% −16.3%

Total return, 1 year +7.2% +8.5%

Benchmark return, 1 year +11.1% not published

Ahead or behind −3.9 pts not available

Return of capital, latest estimate not published not published

Age 3.3 years 3.0 years

Net assets, as of Oct 27, 2026 $221m $725m

As of Oct 28, 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

Window by window: AMZY vs FEPI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	AMZY	FEPI	AMZY	FEPI	AMZY	FEPI
3 months	+12.3%	+16.3%	9.5%	7.0%	0.0 pts	not measured
6 months	−0.7%	+8.1%	17.8%	11.0%	+2.5 pts	not measured
1 year	+7.2%	+8.5%	34.3%	22.9%	−3.8 pts	not measured
3 years	+80.8%	+78.0%	104.5%	72.9%	−18.5 pts	not measured
Since launchNot the same days: AMZY Jul 2023 · FEPI Oct 2023	+89.0%	+69.0%	109.0%	69.2%	−8.2 pts	not measured

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Client brief · page 1 of 2 Report BR-A9DE9FAA2A

AMZY and FEPI are built for the same job. How do they differ in cost, holdings and results?

Income paid. AMZY paid 34.3% and FEPI 22.9% (cash paid over 1 year, as a share of its price at the start), a gap of 11.4 points.
Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 28, 2026 and Jul 31, 2026).
Cost. AMZY charges 1.09% of assets a year and FEPI 0.65%, a gap of 0.44 points.

Data as of Oct 28, 2026.

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About each fund

AMZY

Over the year to Oct 28, 2026, AMZY paid 34.3% of its starting value in cash distributions while its price fell 28.9%. With every distribution reinvested, the fund returned +7.2%. Amazon (AMZN) returned +11.1% over the same days, so a holder was behind by 3.9 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 26.6%, paid weekly.

FEPI

Over the year to Oct 28, 2026, FEPI paid 22.9% of its starting value in cash distributions while its price fell 16.3%. With every distribution reinvested, the fund returned +8.5%. At its price on Oct 28, 2026 the latest distribution annualizes to 24.6%, paid weekly.

Questions people ask

Which paid more, AMZY or FEPI?: Over the year to Oct 28, 2026, AMZY paid 34.3% of its starting price in cash and FEPI paid 22.9%, so AMZY paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, AMZY or FEPI?: With every distribution reinvested, AMZY returned +7.2% and FEPI +8.5% over the year to Oct 28, 2026.
Which is cheaper, AMZY or FEPI?: AMZY charges 1.09% a year and FEPI charges 0.65%, so FEPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

AMZY vs RYLD AMZY vs NVDY AMZY vs CONY AMZY vs GPIQ FEPI vs GOOY FEPI vs SCEP FEPI vs DJIA FEPI vs XPAY

Where to next

All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →AMZY on its own →FEPI on its own →AMZY dividend history →AMZY holdings →FEPI dividend history →FEPI holdings →Method →Standards and sources →

Sources and dates

AMZY filings on SEC EDGAR ↗

AMZY prospectus with the expense ratio (SEC) ↗

AMZY 19a-1 distribution notice ↗

YieldMax page for AMZY ↗

FEPI filings on SEC EDGAR ↗

FEPI prospectus with the expense ratio (SEC) ↗

REX page for FEPI ↗

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, AMZY against FEPI, data as of Oct 28, 2026. https://etfiq.com/compare/income/amzy-vs-fepi

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.