Which paid more, CONY or FEPI?

Over the year to Oct 28, 2026, CONY paid 32.2% of its starting price in cash and FEPI paid 22.9%, so CONY paid more. Cash paid is not the same as money made: the price change matters too.

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

With every distribution reinvested, CONY returned −46.4% and FEPI +8.5% over the year to Oct 28, 2026.

Which is cheaper, CONY or FEPI?

CONY charges 1.04% 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

CONY vs FEPI: Dividend Yield & Total Return

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Over the year to Oct 28, 2026, CONY paid 32.2% 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: $339m for YieldMax COIN Option Income Strategy ETF and $725m for REX FANG & Innovation Equity Premium Income ETF.

CONY on its own →FEPI on its own →

At a glance

32.2%

CONY cash paid, 1 year

22.9%

FEPI cash paid, 1 year

−46.4%

CONY total return, 1 year

+8.5%

FEPI total return, 1 year

CONY · 1 year to Oct 28, 2026 7.9 pts ahead of COIN

CONY

−46.4%

COIN

−54.3%

7.9 pts ahead of COIN

CONY over 1 year: paid 32.2%, price −73.9%, total −46.4%, COIN −54.3%, +7.9 pts. Data to Oct 28, 2026.

COIN

−54.3%

CONY

−46.4%

7.9 pts ahead of COIN

Total return, distributions reinvested

7.9 pts ahead of COIN

CONY over 1 year: paid 32.2%, price −73.9%, total −46.4%, COIN −54.3%, +7.9 pts. Data to Oct 28, 2026.

COIN

−54.3%

CONY

−46.4%

7.9 pts ahead of COIN

32.2% of it arrived as cash. Total return, distributions reinvested. CONY over 1 year: paid 32.2%, price −73.9%, total −46.4%, COIN −54.3%, +7.9 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% 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% 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 0.39 points a year less; their one-year returns differ by 54.9 points; FEPI is 2.1 times larger.

Points (pts) are percentage points.

CONY vs FEPI: Dividend Yield & Total Return
Measure	CONY	FEPI
Paid and earned
Measure	CONY	FEPI
Total return, 1 year	−46.4%	+8.5%
Price change, 1 year	fell 73.9%	fell 16.3%
Return of capital, issuer estimate	21% of the Oct 30, 2026 payment
Against its benchmark
Measure	CONY	FEPI
Benchmark	Coinbase (COIN)	not published
Cost and size
Measure	CONY	FEPI
Expense ratio	1.04%	0.65%
Net assets, as of Oct 27, 2026	$339m	$725m
Holdings
Measure	CONY	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

CONY FEPI

Return

Total return edge FEPI +30.4% +68.3%

Annualized edge FEPI +9.2% +18.8%

Price return edge FEPI −90.8% −19.7%

Risk

Volatility edge FEPI 60.2% 19.1%

Max drawdown edge FEPI −60.8% −22.7%

Risk-adjusted

Sharpe edge FEPI 0.36 0.77

Sortino edge FEPI 0.57 1.09

Calmar edge FEPI 0.15 0.83

Reading

FEPI returned more: +68.3% to +30.4%. FEPI swung less: 19.1% to 60.2%. FEPI fell less at its worst: −22.7% to −60.8%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: CONY vs FEPI: Dividend Yield & Total Return
Measure	CONY	FEPI	Edge	How it is measured
Return
Total return	+30.4%	+68.3%	FEPI	Price change plus distributions, reinvested.
Annualized	+9.2%	+18.8%	FEPI	Total return as a yearly rate.
Price return	−90.8%	−19.7%	FEPI	Price change alone, distributions left out.
Risk
Volatility	60.2%	19.1%	FEPI	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	38.2%	13.4%	FEPI	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−60.8%	−22.7%	FEPI	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.36	0.77	FEPI	Return above Treasury bills per unit of volatility.
Sortino	0.57	1.09	FEPI	Return above Treasury bills per unit of downside deviation.
Calmar	0.15	0.83	FEPI	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, CONY 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 CONY FEPI

Only in one fund ↓

Only in CONY

United States Treasury Note/Bond 2.375% 05/15/2027 27.08%

United States Treasury Note/Bond 3.375% 09/15/2027 15.23%

COIN US 11/20/26 C170 3.18%

COIN US 12/18/26 C185 2.34%

COIN US 10/30/26 C180 0.50%

COIN US 10/30/26 C177.5 0.19%

COIN US 10/30/26 C182.5 0.13%

COIN US 10/30/26 C185 0.04%

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

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

Issuer YieldMax REX

Strategy synthetic covered call covered call

Benchmark Coinbase (COIN) none

Pays weekly weekly

Payout rate, annualized 58.5% 24.6%

Expense ratio 1.04% 0.65%

Cash paid, 1 year 32.2% 22.9%

Price change, 1 year −73.9% −16.3%

Total return, 1 year −46.4% +8.5%

Benchmark return, 1 year −54.3% not published

Ahead or behind +7.9 pts not available

Return of capital, latest estimate 21% not published

Age 3.2 years 3.0 years

Net assets, as of Oct 27, 2026 $339m $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: CONY vs FEPI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	CONY	FEPI	CONY	FEPI	CONY	FEPI
3 months	+4.5%	+16.3%	17.6%	7.0%	+3.1 pts	not measured
6 months	−5.0%	+8.1%	30.0%	11.0%	+5.7 pts	not measured
1 year	−46.4%	+8.5%	32.2%	22.9%	+7.9 pts	not measured
3 years	+33.8%	+78.0%	180.5%	72.9%	−95.5 pts	not measured
Since launchNot the same days: CONY Aug 2023 · FEPI Oct 2023	+30.9%	+69.0%	172.2%	69.2%	−74.1 pts	not measured

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Client brief · page 1 of 2 Report BR-E6B24AA8B0

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

Income paid. CONY paid 32.2% and FEPI 22.9% (cash paid over 1 year, as a share of its price at the start), a gap of 9.3 points.
Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 28, 2026 and Jul 31, 2026).
One-year total return. Over 1 year to Oct 28, 2026 CONY returned −46.4% and FEPI +8.5% with distributions reinvested, a gap of 54.9 points.

Data as of Oct 28, 2026.

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About each fund

CONY

Over the year to Oct 28, 2026, CONY paid 32.2% of its starting value in cash distributions while its price fell 73.9%. With every distribution reinvested, the fund returned −46.4%. Coinbase (COIN) returned −54.3% over the same days, so a holder was ahead by 7.9 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 58.5%, paid weekly. YieldMax estimates that 21% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

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, CONY or FEPI?: Over the year to Oct 28, 2026, CONY paid 32.2% of its starting price in cash and FEPI paid 22.9%, so CONY paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, CONY or FEPI?: With every distribution reinvested, CONY returned −46.4% and FEPI +8.5% over the year to Oct 28, 2026.
Which is cheaper, CONY or FEPI?: CONY charges 1.04% a year and FEPI charges 0.65%, so FEPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

CONY vs TSLY CONY vs ULTY CONY vs MSTY CONY vs RYLD FEPI vs TCAL FEPI vs TSPY FEPI vs PAPI FEPI vs YMAG

Where to next

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

Sources and dates

CONY filings on SEC EDGAR ↗

CONY prospectus with the expense ratio (SEC) ↗

CONY 19a-1 distribution notice ↗

YieldMax page for CONY ↗

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

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