Data as of .
FEPI vs ISPY: which paid, and which earned it?
Over the year FEPI paid 23.4% of its price in cash against ISPY’s 5.7%, and returned more with it reinvested.
ETFIQ Return Stability Score: ISPY scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 161 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed
What they hold in common
By the books each fund has filed, FEPI and ISPY hold 0% of their money in the same securities at the same weight.
| Only in FEPI | Only in ISPY |
|---|---|
| ADVANCED MICRO DEVICES, INC. 9.98% | ProShares GENIUS Money Market ETF 10.56% |
| MICRON TECHNOLOGY, INC. 8.91% | NVIDIA Corp. 7.07% |
| ALPHABET INC. 8.83% | Apple, Inc. 6.31% |
| BROADCOM INC. 8.05% | Microsoft Corp. 4.60% |
| NVIDIA CORPORATION 7.76% | Amazon.com, Inc. 3.64% |
| TESLA, INC. 7.47% | Alphabet, Inc. 3.05% |
| INTEL CORPORATION 5.24% | Broadcom, Inc. 2.92% |
| AMAZON.COM, INC. 5.21% | Alphabet, Inc. 2.42% |
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 May 31, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| FEPI | ISPY | FEPI | ISPY | FEPI | ISPY | |
| 3 months | +4.2% | +1.8% | 6.1% | 1.5% | +5.0 pts | −1.5 pts |
| 6 months | +14.6% | +12.8% | 12.1% | 3.5% | −6.1 pts | −3.2 pts |
| 1 year | +17.1% | +14.4% | 23.4% | 5.7% | −5.8 pts | −3.1 pts |
| Since launch | +67.5% | +53.4% | 66.4% | 25.8% | −28.2 pts | −14.8 pts |
| FEPI REX FANG & Innovation Equity Premium Income ETF Covered call on QQQ, paying weekly | ISPY ProShares S&P 500 High Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | REX | ProShares |
| Strategy | covered call | covered call |
| Benchmark | Nasdaq-100 (QQQ), used as the innovation proxy | S&P 500 (SPY) |
| Pays | weekly | monthly |
| Payout rate, annualized | 25.2% | 5.8% |
| Expense ratio | 0.65% | 0.56% |
| Cash paid, 1 year | 23.4% | 5.7% |
| Price change, 1 year | −8.5% | +8.4% |
| Total return, 1 year | +17.1% | +14.4% |
| Benchmark return, 1 year | +23.0% | +17.5% |
| Ahead or behind | −5.8 pts | −3.1 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 1066 days | 996 days |
FEPI in plain words
Over the year to Sep 11, 2026, FEPI paid 23.4% of its starting value in cash distributions while its price fell 8.5%. With every distribution reinvested, the fund returned +17.1%. Nasdaq-100 (QQQ), used as the innovation proxy returned +23.0% over the same days, so a holder was behind by 5.8 pts. At its price on Sep 11, 2026 the latest distribution annualizes to 25.2%, paid weekly.
ISPY in plain words
Over the year to Sep 11, 2026, ISPY paid 5.7% of its starting value in cash distributions while its price rose 8.4%. With every distribution reinvested, the fund returned +14.4%. S&P 500 (SPY) returned +17.5% over the same days, so a holder was behind by 3.1 pts. At its price on Sep 11, 2026 the latest distribution annualizes to 5.8%, paid monthly.
Questions people ask
- Which paid more, FEPI or ISPY?
- Over the year to Sep 11, 2026, FEPI paid 23.4% of its starting price in cash and ISPY paid 5.7%, so FEPI paid more. Cash paid is not the same as money made: the price change matters too.
- Which returned more once distributions are counted, FEPI or ISPY?
- With every distribution reinvested, FEPI returned +17.1% and ISPY returned +14.4% over the year to Sep 11, 2026, so FEPI returned more.
- Which is cheaper, FEPI or ISPY?
- FEPI charges 0.65% a year and ISPY charges 0.56%, so ISPY 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, FEPI against ISPY, data as of Sep 11, 2026. https://etfiq.com/compare/income/fepi-vs-ispy Free to use with attribution; the underlying files are at Open data.