Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

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

Over the year FEPI paid 23.4% of its price in cash against KHPI’s 9.1%, and returned more with it reinvested.

REX FANG & Innovation Equity Premium Income ETF and Kensington Hedged Premium Income ETF.

23.4%FEPI cash paid, 1 year
9.1%KHPI cash paid, 1 year
+15.7%FEPI total return, 1 year
+11.0%KHPI total return, 1 year

ETFIQ Return Stability Score: KHPI scores higher

Was the payout funded by returns, or by your own capital?

FEPI 33.5KHPI 55.53.8, the lowest in this set96.8, the highest

A percentile among the 173 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

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
KHPI5.5 pts behind SPY · 1 year to Sep 18, 2026
SPY+16.6%KHPI+11.0%9.1% of it arrived as cash5.5 pts behind SPYTotal return, distributions reinvestedSPY+16.6%KHPI+11.0%5.5 pts behind SPY

What they hold in common

By the books each fund has filed, FEPI and KHPI hold 0% of their money in the same securities at the same weight.

Only in each
Only in FEPIOnly in KHPI
ADVANCED MICRO DEVICES, INC. 9.98%Vanguard S&P 500 ETF 100.00%
MICRON TECHNOLOGY, INC. 8.91%
ALPHABET INC. 8.83%
BROADCOM INC. 8.05%
NVIDIA CORPORATION 7.76%
TESLA, INC. 7.47%
INTEL CORPORATION 5.24%
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 Jun 30, 2026.

Performance, window by window

FEPI and KHPI over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnCash paidAgainst the benchmark
FEPIKHPIFEPIKHPIFEPIKHPI
3 months+2.9%+1.9%6.0%2.2%+5.4 pts−0.3 pts
6 months+17.2%+11.3%12.8%4.7%−7.1 pts−6.8 pts
1 year+15.7%+11.0%23.4%9.1%−6.1 pts−5.5 pts
Since launch+69.0%+24.6%66.8%18.4%−28.5 pts−17.7 pts
Open the live comparison on ETFIQ
FEPI and KHPI 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
KHPI
Kensington Hedged Premium Income ETF
Covered call on SPY, paying monthly
IssuerREXKensington
Strategycovered callcovered call
BenchmarkNasdaq-100 (QQQ), used as the innovation proxyS&P 500 (SPY), used as a default proxy
Paysweeklymonthly
Payout rate, annualized24.9%9.0%
Expense ratio0.65%0.98%
Cash paid, 1 year23.4%9.1%
Price change, 1 year−10.0%+1.5%
Total return, 1 year+15.7%+11.0%
Benchmark return, 1 year+21.8%+16.6%
Ahead or behind−6.1 pts−5.5 pts
Return of capital, latest estimatenot publishednot published
Age1073 days743 days
Net assets$713m$401m

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.

KHPI in plain words

Over the year to Sep 18, 2026, KHPI paid 9.1% of its starting value in cash distributions while its price rose 1.5%. With every distribution reinvested, the fund returned +11.0%. S&P 500 (SPY), used as a default proxy returned +16.6% over the same days, so a holder was behind by 5.5 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 9.0%, paid monthly.

Questions people ask

Which paid more, FEPI or KHPI?
Over the year to Sep 18, 2026, FEPI paid 23.4% of its starting price in cash and KHPI paid 9.1%, 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 KHPI?
With every distribution reinvested, FEPI returned +15.7% and KHPI returned +11.0% over the year to Sep 18, 2026, so FEPI returned more.
Which is cheaper, FEPI or KHPI?
FEPI charges 0.65% a year and KHPI charges 0.98%, 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 KHPI, 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 KHPI, data as of Sep 18, 2026. https://etfiq.com/compare/income/fepi-vs-khpi Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources