Data as of Nov 4, 2026.
FEPI vs IVVW: Dividend Yield & Total Return
Over the year to Nov 4, 2026, FEPI paid 22.1% of its price in cash against IVVW’s 17.5%, though IVVW returned more with it reinvested.
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Net assets: $679m on Nov 3, 2026 for REX FANG & Innovation Equity Premium Income ETF, and $349m on Nov 4, 2026 for iShares IVV Premium Income+ ETF.
Not measured
FEPI over 1 year: paid 22.1%, price −19.3%, total +2.9%, not measured against a benchmark. Data to Nov 4, 2026.
FEPI
+2.9%
22.1% as cash
Total return, distributions reinvested
Not measured
FEPI over 1 year: paid 22.1%, price −19.3%, total +2.9%, not measured against a benchmark. Data to Nov 4, 2026.
FEPI
+2.9%
22.1% of it arrived as cash. Total return, distributions reinvested. FEPI over 1 year: paid 22.1%, price −19.3%, total +2.9%, not measured against a benchmark. Data to Nov 4, 2026.
Data to Nov 4, 2026.About even with SPY
IVVW over 1 year: paid 17.5%, price −4.1%, total +14.8%, SPY +14.8%, 0.0 pts. Data to Nov 4, 2026.
SPY
+14.8%
IVVW
+14.8%
17.5% of it arrived as cash
about even with SPY
Total return, distributions reinvested
About even with SPY
IVVW over 1 year: paid 17.5%, price −4.1%, total +14.8%, SPY +14.8%, 0.0 pts. Data to Nov 4, 2026.
SPY
+14.8%
IVVW
+14.8%
17.5% as cash
about even with SPY
17.5% of it arrived as cash. Both charts share one scale, with zero at the line. IVVW over 1 year: paid 17.5%, price −4.1%, total +14.8%, SPY +14.8%, 0.0 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
IVVW costs 0.40 points a year less; their one-year returns differ by 11.9 points; FEPI is 2.0 times larger.
Points (pts) are percentage points.
| Measure | FEPI | IVVW |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +2.9% | +14.8% |
| Price change, 1 year | fell 19.3% | fell 4.1% |
| Return of capital, issuer estimate | 49% 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% | 0.25% |
| Net assets, as of Nov 3, 2026 | $679m | $344m |
| Holdings | ||
| Holdings in common | 0% | |
Risk and return
Mar 22, 2024 to Oct 30, 2026 · 136 weekly returnsFrom Mar 2024 to Oct 2026, IVVW returned more: +37.2% to +31.7%. IVVW swung less: 10.0% to 19.7%. IVVW fell less at its worst: −15.0% to −22.7%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FEPI | IVVW | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +31.7% | +37.2% | IVVW | Price change plus distributions, reinvested. |
| Annualized | +11.1% | +12.9% | IVVW | Total return as a yearly rate. |
| Price return | −32.0% | −11.7% | IVVW | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.7% | 10.0% | IVVW | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 14.3% | 7.1% | IVVW | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −22.7% | −15.0% | IVVW | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.41 | 0.83 | IVVW | Return above Treasury bills per unit of volatility. |
| Sortino | 0.57 | 1.16 | IVVW | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.49 | 0.86 | IVVW | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 136 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FEPI and IVVW hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.
half
0% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | FEPI | IVVW | FEPI | IVVW | FEPI | IVVW |
| 3 months | −1.5% | +2.0% | 6.4% | 3.9% | not measured | +2.2 pts |
| 6 months | −2.4% | +8.0% | 11.2% | 7.8% | not measured | +3.0 pts |
| 1 year | +2.9% | +14.8% | 22.1% | 17.5% | not measured | 0.0 pts |
| 3 years | +55.6% | – | 69.1% | – | not measured | – |
| Since launchNot the same days: FEPI Oct 2023 · IVVW Mar 2024 | +56.7% | +40.5% | 69.6% | 42.6% | not measured | −14.4 pts |
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FEPI
Over the year to Nov 4, 2026, FEPI paid 22.1% of its starting value in cash distributions while its price fell 19.3%. With every distribution reinvested, the fund returned +2.9%. At its price on Nov 4, 2026 the latest distribution annualizes to 24.9%, paid weekly.
IVVW
Over the year to Nov 4, 2026, IVVW paid 17.5% of its starting value in cash distributions while its price fell 4.1%. With every distribution reinvested, the fund returned +14.8%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 15.7%, paid monthly. iShares estimates that 49% 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 IVVW, data as of Nov 4, 2026. https://etfiq.com/compare/income/fepi-vs-ivvw
ETFIQ. (Nov 4, 2026). FEPI against IVVW. Retrieved from https://etfiq.com/compare/income/fepi-vs-ivvw
[FEPI against IVVW (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/fepi-vs-ivvw)
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