Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

FEPI vs JANQ: which paid, and which earned it?

FEPI and JANQ both write options for income.

REX FANG & Innovation Equity Premium Income ETF and Innovator Premium Income 40 Barrier ETF - January.

23.4%FEPI cash paid, 1 year
0.0%JANQ cash paid, 1 year
+15.7%FEPI total return, 1 year
0.0%JANQ total return, 1 year
FEPI6.1 pts behind QQQ · 1 year to Sep 18, 2026
QQQ+21.8%FEPI+15.7%23.4% of it arrived as cash6.1 pts behind QQQTotal return, distributions reinvestedQQQ+21.8%FEPI+15.7%23.4% as cash6.1 pts behind QQQ
JANQ0.8 pts behind SPY · since launch to Sep 18, 2026
SPY+0.8%JANQ0.0%0.8 pts behind SPYTotal return, distributions reinvestedSPY+0.8%JANQ0.0%0.8 pts behind SPY

Performance, window by window

FEPI and JANQ over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnCash paidAgainst the benchmark
FEPIJANQFEPIJANQFEPIJANQ
3 months+2.9%not published6.0%not published+5.4 ptsnot published
6 months+17.2%not published12.8%not published−7.1 ptsnot published
1 year+15.7%not published23.4%not published−6.1 ptsnot published
Since launch+69.0%0.0%66.8%0.0%−28.5 pts−0.8 pts
Open the live comparison on ETFIQ
FEPI and JANQ on the same fields, as of Sep 18, 2026. Source: ETFIQ.
FEPI
REX FANG & Innovation Equity Premium Income ETF
Covered call on QQQ, paying weekly
JANQ
Innovator Premium Income 40 Barrier ETF - January
Defined income on SPY
IssuerREXInnovator
Strategycovered calldefined income
BenchmarkNasdaq-100 (QQQ), used as the innovation proxyS&P 500 (SPY)
Paysweeklynot established
Payout rate, annualized24.9%not published
Expense ratio0.65%0.79%
Cash paid, 1 year23.4%0.0% (since launch on Sep 10, 2026)
Price change, 1 year−10.0%0.0%
Total return, 1 year+15.7%0.0% (since launch on Sep 10, 2026)
Benchmark return, 1 year+21.8%+0.8%
Ahead or behind−6.1 pts−0.8 pts
Return of capital, latest estimatenot publishednot published
Age1073 days8 days
Net assets$713mnot published

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.

JANQ in plain words

Over the period since launch on Sep 10, 2026 to Sep 18, 2026, JANQ paid 0.0% of its starting value in cash distributions while its price rose 0.0%. With every distribution reinvested, the fund returned 0.0%. S&P 500 (SPY) returned +0.8% over the same days, so a holder was behind by 0.8 pts.

Questions people ask

Which is cheaper, FEPI or JANQ?
FEPI charges 0.65% a year and JANQ charges 0.79%, 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.

FEPI against JANQ, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, FEPI against JANQ, data as of Sep 18, 2026. https://etfiq.com/compare/income/fepi-vs-janq Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources