Data as of Oct 28, 2026.
FEPI vs ISPY: Dividend Yield & Total Return
Over the year to Oct 28, 2026, FEPI paid 22.9% of its price in cash against ISPY’s 5.7%, though ISPY returned more with it reinvested.
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Net assets: $725m on Oct 27, 2026 for REX FANG & Innovation Equity Premium Income ETF, and $1.2bn on Oct 28, 2026 for ProShares S&P 500 High Income ETF.
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
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% cash
22.9% of it arrived as cash. Total return, distributions reinvested. 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, 2026.3.5 pts behind SPY
ISPY over 1 year: paid 5.7%, price +4.0%, total +10.1%, SPY +13.6%, −3.5 pts. Data to Oct 28, 2026.
SPY
+13.6%
ISPY
+10.1%
5.7% of it arrived as cash
3.5 pts behind SPY
Total return, distributions reinvested
3.5 pts behind SPY
ISPY over 1 year: paid 5.7%, price +4.0%, total +10.1%, SPY +13.6%, −3.5 pts. Data to Oct 28, 2026.
SPY
+13.6%
ISPY
+10.1%
3.5 pts behind SPY
5.7% of it arrived as cash. Both charts share one scale, with zero at the line. ISPY over 1 year: paid 5.7%, price +4.0%, total +10.1%, SPY +13.6%, −3.5 pts. Data to Oct 28, 2026.
Data to Oct 28, 2026.Pair scorecard
ISPY costs 0.10 points a year less; their one-year returns differ by 1.6 points; ISPY is 1.7 times larger.
Points (pts) are percentage points.
| Measure | FEPI | ISPY |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +8.5% | +10.1% |
| Price change, 1 year | fell 16.3% | rose 4.0% |
| Return of capital, issuer estimate | 81% of the Oct 7, 2026 payment | |
| Against its benchmark | ||
| Benchmark | not published | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.65% | 0.55% |
| Net assets, as of Oct 27, 2026 | $725m | $1.2bn |
| Holdings | ||
| Holdings in common | 32% | |
Holdings in common uses holdings dated Jul 31, 2026 and Aug 31, 2026. Method
Risk and return
Dec 29, 2023 to Oct 23, 2026 · 147 weekly returnsISPY returned slightly more: +49.9% to +45.8%. ISPY swung less: 12.8% to 19.2%. ISPY fell less at its worst: −15.6% to −22.7%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FEPI | ISPY | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +45.8% | +49.9% | ISPY (slight) | Price change plus distributions, reinvested. |
| Annualized | +14.3% | +15.4% | ISPY (slight) | Total return as a yearly rate. |
| Price return | −27.4% | +17.6% | ISPY | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.2% | 12.8% | ISPY | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.8% | 8.8% | ISPY | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −22.7% | −15.6% | ISPY | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.56 | 0.84 | ISPY | Return above Treasury bills per unit of volatility. |
| Sortino | 0.79 | 1.22 | ISPY | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.63 | 0.99 | ISPY | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 147 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FEPI and ISPY hold 32% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.
half
32% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | FEPI | ISPY | FEPI | ISPY | FEPI | ISPY |
| 3 months | +16.3% | +4.8% | 7.0% | 1.6% | not measured | −1.4 pts |
| 6 months | +8.1% | +7.3% | 11.0% | 3.3% | not measured | −1.7 pts |
| 1 year | +8.5% | +10.1% | 22.9% | 5.7% | not measured | −3.5 pts |
| 3 years | +78.0% | – | 72.9% | – | not measured | – |
| Since launchNot the same days: FEPI Oct 2023 · ISPY Dec 2023 | +69.0% | +54.8% | 69.2% | 26.5% | not measured | −15.5 pts |
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FEPI and ISPY are built for the same job. How do they differ in cost, holdings and results?
- Income paid. FEPI paid 22.9% and ISPY 5.7% (cash paid over 1 year, as a share of its price at the start), a gap of 17.2 points.
- Holdings in common. 32% of the weight is in the same securities (holdings dated Jul 31, 2026 and Aug 31, 2026).
- Cost. FEPI charges 0.65% of assets a year and ISPY 0.55%, a gap of 0.10 points.
Data as of Oct 28, 2026.
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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.
ISPY
Over the year to Oct 28, 2026, ISPY paid 5.7% of its starting value in cash distributions while its price rose 4.0%. With every distribution reinvested, the fund returned +10.1%. S&P 500 (SPY) returned +13.6% over the same days, so a holder was behind by 3.5 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 6.3%, paid monthly. ProShares estimates that 81% of the distribution paid Oct 7, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
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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.
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ETFIQ, FEPI against ISPY, data as of Oct 28, 2026. https://etfiq.com/compare/income/fepi-vs-ispy
ETFIQ. (Oct 28, 2026). FEPI against ISPY. Retrieved from https://etfiq.com/compare/income/fepi-vs-ispy
[FEPI against ISPY (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/income/fepi-vs-ispy)
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