Data as of .
CEPI vs XBCI: which paid, and which earned it?
CEPI and XBCI both write options for income.
What they hold in common
By the books each fund has filed, CEPI and XBCI hold 0% of their money in the same securities at the same weight.
| Only in CEPI | Only in XBCI |
|---|---|
| Advanced Micro Devices Inc 6.59% | United States Treasury Bill 79.38% |
| Micron Technology Inc 5.71% | iShares Bitcoin Trust ETF 20.62% |
| Applied Digital Corp 5.64% | |
| Strategy Inc 5.58% | |
| MARA Holdings Inc 5.57% | |
| IREN Ltd 5.29% | |
| TSMC 4.72% | |
| NVIDIA Corp 4.55% |
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 dated Apr 30, 2026 and Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| CEPI | XBCI | CEPI | XBCI | CEPI | XBCI | |
| 3 months | +0.9% | +32.2% | 9.6% | 10.1% | +3.1 pts | +3.0 pts |
| 6 months | +29.4% | +14.7% | 22.2% | 18.0% | −4.4 pts | −1.0 pts |
| 1 year | +18.1% | not published | 35.3% | not published | +6.0 pts | not published |
| Since launch | +26.2% | +3.7% | 51.2% | 21.3% | −1.0 pts | −2.5 pts |
| CEPI REX Crypto Equity Premium Income ETF Covered call on BITQ, paying weekly | XBCI NEOS Boosted Bitcoin High Income ETF Option income on IBIT, paying monthly | |
|---|---|---|
| Issuer | REX | NEOS |
| Strategy | covered call | option income |
| Benchmark | Crypto industry (BITQ), used as the crypto proxy | Bitcoin (IBIT) |
| Pays | weekly | monthly |
| Payout rate, annualized | 41.0% | 38.0% |
| Expense ratio | 0.85% | 0.98% |
| Cash paid, 1 year | 35.3% | 21.3% (since launch on Feb 3, 2026) |
| Price change, 1 year | −22.5% | −20.3% |
| Total return, 1 year | +18.1% | +3.7% (since launch on Feb 3, 2026) |
| Benchmark return, 1 year | +12.1% | +6.3% |
| Ahead or behind | +6.0 pts | −2.5 pts |
| Return of capital, latest estimate | 100% | 95% |
| Age | 653 days | 227 days |
| Net assets | $121m | $179m |
CEPI in plain words
Over the year to Sep 18, 2026, CEPI paid 35.3% of its starting value in cash distributions while its price fell 22.5%. With every distribution reinvested, the fund returned +18.1%. Crypto industry (BITQ), used as the crypto proxy returned +12.1% over the same days, so a holder was ahead by 6.0 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 41.0%, paid weekly. REX estimates that 100% of the distribution paid Aug 27, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
XBCI in plain words
Over the period since launch on Feb 3, 2026 to Sep 18, 2026, XBCI paid 21.3% of its starting value in cash distributions while its price fell 20.3%. With every distribution reinvested, the fund returned +3.7%. Bitcoin (IBIT) returned +6.3% over the same days, so a holder was behind by 2.5 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 38.0%, paid monthly. NEOS estimates that 95% of the distribution paid Jul 10, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which is cheaper, CEPI or XBCI?
- CEPI charges 0.85% a year and XBCI charges 0.98%, so CEPI 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, CEPI against XBCI, data as of Sep 18, 2026. https://etfiq.com/compare/income/cepi-vs-xbci Free to use with attribution; the underlying files are at Open data.