Which paid more, CEPI or XBTY?

Over the year to Nov 4, 2026, CEPI paid 33.0% of its starting price in cash and XBTY paid 40.3%, so XBTY paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, CEPI or XBTY?

With every distribution reinvested, CEPI returned +0.5% and XBTY −25.3% over the year to Nov 4, 2026.

Which is cheaper, CEPI or XBTY?

CEPI charges 0.85% a year and XBTY charges 1.18%, so CEPI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

CEPI vs XBTY: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, XBTY paid 40.3% of its price in cash against CEPI’s 33.0%, though CEPI returned more with it reinvested.

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Net assets on Nov 3, 2026: $116m for REX Crypto Equity Premium Income ETF and $8.8m for GraniteShares YieldBOOST Bitcoin ETF.

CEPI on its own →XBTY on its own →

At a glance

33.0%

CEPI cash paid, 1 year

40.3%

XBTY cash paid, 1 year

+0.5%

CEPI total return, 1 year

−25.3%

XBTY total return, 1 year

CEPI · 1 year to Nov 4, 2026 14.3 pts behind SPY

CEPI

+0.5%

SPY

+14.8%

14.3 pts behind SPY

CEPI over 1 year: paid 33.0%, price −33.1%, total +0.5%, SPY +14.8%, −14.3 pts. Data to Nov 4, 2026.

SPY

+14.8%

CEPI

+0.5%

14.3 pts behind SPY

Total return, distributions reinvested

14.3 pts behind SPY

CEPI over 1 year: paid 33.0%, price −33.1%, total +0.5%, SPY +14.8%, −14.3 pts. Data to Nov 4, 2026.

SPY

+14.8%

CEPI

+0.5%

14.3 pts behind SPY

33.0% of it arrived as cash. Total return, distributions reinvested. CEPI over 1 year: paid 33.0%, price −33.1%, total +0.5%, SPY +14.8%, −14.3 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

XBTY · 1 year to Nov 4, 2026 4.8 pts behind Bitcoin

XBTY

−25.3%

Bitcoin

−20.5%

4.8 pts behind Bitcoin

XBTY over 1 year: paid 40.3%, price −62.5%, total −25.3%, Bitcoin −20.5%, −4.8 pts. Data to Nov 4, 2026.

Bitcoin

−20.5%

XBTY

−25.3%

4.8 pts behind Bitcoin

Total return, distributions reinvested

4.8 pts behind Bitcoin

XBTY over 1 year: paid 40.3%, price −62.5%, total −25.3%, Bitcoin −20.5%, −4.8 pts. Data to Nov 4, 2026.

Bitcoin

−20.5%

XBTY

−25.3%

4.8 pts behind Bitcoin

40.3% of it arrived as cash. Both charts share one scale, with zero at the line. XBTY over 1 year: paid 40.3%, price −62.5%, total −25.3%, Bitcoin −20.5%, −4.8 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

CEPI costs 0.33 points a year less; their one-year returns differ by 25.8 points; CEPI is 13.2 times larger.

Points (pts) are percentage points.

CEPI vs XBTY: Dividend Yield & Total Return
Measure	CEPI	XBTY
Paid and earned
Measure	CEPI	XBTY
Total return, 1 year	+0.5%	−25.3%
Price change, 1 year	fell 33.1%	fell 62.5%
Return of capital, issuer estimate	100% of the Oct 29, 2026 payment	93% of the Sep 22, 2026 payment
Against its benchmark
Measure	CEPI	XBTY
Benchmark	S&P 500, measured through SPY	Bitcoin (BTC-USD)
Cost and size
Measure	CEPI	XBTY
Expense ratio	0.85%	1.18%
Net assets, as of Nov 3, 2026	$116m	$8.8m
Holdings
Measure	CEPI	XBTY
Holdings in common	0%

ETFIQ Distribution Coverage Score · CEPI scores higher How much of what it paid out did its total return cover?

IQ Income Score19.5CEPI7.5XBTY

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

CEPI 19.5

XBTY 7.5

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

Risk and return

May 23, 2025 to Oct 30, 2026 · 75 weekly returns

CEPI XBTY

Return

Total return edge CEPI +28.2% −37.6%

Annualized edge CEPI +18.8% −27.9%

Price return edge CEPI −30.4% −79.7%

Risk

Volatility edge XBTY (slight) 23.4% 22.9%

Max drawdown edge CEPI −19.2% −48.6%

Risk-adjusted

Sharpe edge CEPI 0.69 −1.48

Sortino edge CEPI 1.02 −1.64

Calmar edge CEPI 0.98 −0.57

Reading

From May 2025 to Oct 2026, CEPI returned more: +28.2% to −37.6%. XBTY swung slightly less: 22.9% to 23.4%. CEPI fell less at its worst: −19.2% to −48.6%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: CEPI vs XBTY: Dividend Yield & Total Return
Measure	CEPI	XBTY	Edge	How it is measured
Return
Total return	+28.2%	−37.6%	CEPI	Price change plus distributions, reinvested.
Annualized	+18.8%	−27.9%	CEPI	Total return as a yearly rate.
Price return	−30.4%	−79.7%	CEPI	Price change alone, distributions left out.
Risk
Volatility	23.4%	22.9%	XBTY (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	15.8%	20.6%	CEPI	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−19.2%	−48.6%	CEPI	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.69	−1.48	CEPI	Return above Treasury bills per unit of volatility.
Sortino	1.02	−1.64	CEPI	Return above Treasury bills per unit of downside deviation.
Calmar	0.98	−0.57	CEPI	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 75 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, CEPI and XBTY hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first CEPI XBTY

Only in one fund ↓

Only in CEPI

PayPal Holdings Inc 5.80%

Mastercard Inc 5.51%

NU Holdings Ltd 5.46%

NVIDIA Corp 5.34%

Visa Inc 5.25%

IREN Ltd 4.92%

TSMC 4.83%

Strategy Inc 4.80%

Only in XBTY

Check overlap with more funds →

Side by side

CEPI REX Crypto Equity Premium Income ETF · Covered call on SPY, paying weekly XBTY GraniteShares YieldBOOST Bitcoin ETF · Synthetic covered call on Bitcoin, paying weekly

Issuer REX GraniteShares

Strategy covered call synthetic covered call

Benchmark S&P 500 (SPY) Bitcoin (BTC-USD)

Pays weekly weekly

Payout rate, annualized 41.4% 29.7%

Expense ratio 0.85% 1.18%

Cash paid, 1 year 33.0% 40.3%

Price change, 1 year −33.1% −62.5%

Total return, 1 year +0.5% −25.3%

Benchmark return, 1 year +14.8% −20.5%

Ahead or behind −14.3 pts −4.8 pts

Return of capital, latest estimate 100% 93%

Age 1.9 years 1.5 years

Net assets, as of Nov 3, 2026 $116m $8.8m

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

Window by window: CEPI vs XBTY: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	CEPI	XBTY	CEPI	XBTY	CEPI	XBTY
3 months	−5.5%	+7.0%	10.2%	7.6%	−5.3 pts	−16.5 pts
6 months	−3.9%	−4.7%	18.2%	16.0%	−9.0 pts	−3.0 pts
1 year	+0.5%	−25.3%	33.0%	40.3%	−14.2 pts	−4.8 pts
Since launchNot the same days: CEPI Dec 2024 · XBTY May 2025	+12.5%	−33.6%	54.5%	60.8%	−16.6 pts	−9.9 pts

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About each fund

CEPI

Over the year to Nov 4, 2026, CEPI paid 33.0% of its starting value in cash distributions while its price fell 33.1%. With every distribution reinvested, the fund returned +0.5%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 14.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 41.4%, paid weekly. REX estimates that 100% of the distribution paid Oct 29, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

XBTY

Over the year to Nov 4, 2026, XBTY paid 40.3% of its starting value in cash distributions while its price fell 62.5%. With every distribution reinvested, the fund returned −25.3%. Bitcoin (BTC-USD) returned −20.5% over the same days, so a holder was behind by 4.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 29.7%, paid weekly. GraniteShares estimates that 93% of the distribution paid Sep 22, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, CEPI or XBTY?: Over the year to Nov 4, 2026, CEPI paid 33.0% of its starting price in cash and XBTY paid 40.3%, so XBTY paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, CEPI or XBTY?: With every distribution reinvested, CEPI returned +0.5% and XBTY −25.3% over the year to Nov 4, 2026.
Which is cheaper, CEPI or XBTY?: CEPI charges 0.85% a year and XBTY charges 1.18%, so CEPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

CEPI vs DFII CEPI vs BAGY CEPI vs BCCC CEPI vs BPI XBTY vs LFGY XBTY vs BLOX XBTY vs YETH XBTY vs XBCI

Where to next

S&P 500 (SPY) →CEPI on its own →XBTY on its own →CEPI dividend history →CEPI holdings →XBTY dividend history →Method →Standards and sources →

Sources and dates

CEPI filings on SEC EDGAR ↗

CEPI prospectus with the expense ratio (SEC) ↗

CEPI 19a-1 distribution notice ↗

REX page for CEPI ↗

XBTY filings on SEC EDGAR ↗

XBTY prospectus with the expense ratio (SEC) ↗

XBTY 19a-1 distribution notice ↗

GraniteShares page for XBTY ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

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, CEPI against XBTY, data as of Nov 4, 2026. https://etfiq.com/compare/income/cepi-vs-xbty

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