Data as of .
DDDD vs FEPI: which paid, and which earned it?
DDDD and FEPI both write options for income.
What they hold in common
By the books each fund has filed, DDDD and FEPI hold 0% of their money in the same securities at the same weight.
| Only in DDDD | Only in FEPI |
|---|---|
| Merck & Co Inc 4.93% | ADVANCED MICRO DEVICES, INC. 9.98% |
| Abbott Laboratories 4.53% | MICRON TECHNOLOGY, INC. 8.91% |
| Amgen Inc 4.38% | ALPHABET INC. 8.83% |
| Coca-Cola Co/The 4.30% | BROADCOM INC. 8.05% |
| Chevron Corp 4.25% | NVIDIA CORPORATION 7.76% |
| ConocoPhillips 4.07% | TESLA, INC. 7.47% |
| Procter & Gamble Co/The 4.01% | INTEL CORPORATION 5.24% |
| Verizon Communications Inc 3.96% | AMAZON.COM, INC. 5.21% |
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 Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| DDDD | FEPI | DDDD | FEPI | DDDD | FEPI | |
| 3 months | +4.9% | +2.9% | 1.6% | 6.0% | +2.6 pts | +5.4 pts |
| 6 months | +10.5% | +17.2% | 1.7% | 12.8% | −7.6 pts | −7.1 pts |
| 1 year | not published | +15.7% | not published | 23.4% | not published | −6.1 pts |
| Since launch | +8.7% | +69.0% | 1.6% | 66.8% | −6.5 pts | −28.5 pts |
| DDDD YieldMax(R) U.S. Stocks Target Double Distribution ETF Synthetic covered call on SPY | FEPI REX FANG & Innovation Equity Premium Income ETF Covered call on QQQ, paying weekly | |
|---|---|---|
| Issuer | YieldMax | REX |
| Strategy | synthetic covered call | covered call |
| Benchmark | S&P 500 (SPY) | Nasdaq-100 (QQQ), used as the innovation proxy |
| Pays | not established | weekly |
| Payout rate, annualized | 18.4% | 24.9% |
| Expense ratio | 1.01% | 0.65% |
| Cash paid, 1 year | 1.6% (since launch on Mar 12, 2026) | 23.4% |
| Price change, 1 year | +7.0% | −10.0% |
| Total return, 1 year | +8.7% (since launch on Mar 12, 2026) | +15.7% |
| Benchmark return, 1 year | +15.3% | +21.8% |
| Ahead or behind | −6.5 pts | −6.1 pts |
| Return of capital, latest estimate | 67% | not published |
| Age | 190 days | 1073 days |
| Net assets | $7m | $713m |
DDDD in plain words
Over the period since launch on Mar 12, 2026 to Sep 18, 2026, DDDD paid 1.6% of its starting value in cash distributions while its price rose 7.0%. With every distribution reinvested, the fund returned +8.7%. S&P 500 (SPY) returned +15.3% over the same days, so a holder was behind by 6.5 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 18.4%, paid periodically. YieldMax estimates that 67% of the distribution paid Jul 6, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
FEPI in plain words
Over the year to Sep 18, 2026, FEPI paid 23.4% of its starting value in cash distributions while its price fell 10.0%. With every distribution reinvested, the fund returned +15.7%. Nasdaq-100 (QQQ), used as the innovation proxy returned +21.8% over the same days, so a holder was behind by 6.1 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 24.9%, paid weekly.
Questions people ask
- Which is cheaper, DDDD or FEPI?
- DDDD charges 1.01% a year and FEPI charges 0.65%, so FEPI 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, DDDD against FEPI, data as of Sep 18, 2026. https://etfiq.com/compare/income/dddd-vs-fepi Free to use with attribution; the underlying files are at Open data.