Data as of .
FEPI vs KYLD: which paid, and which earned it?
FEPI and KYLD both write options for income.
What they hold in common
By the books each fund has filed, FEPI and KYLD hold 22% of their money in the same securities at the same weight.
| Holding | FEPI | KYLD |
|---|---|---|
| ADVANCED MICRO DEVICES, INC. | 9.98% | 6.21% |
| INTEL CORPORATION | 5.24% | 6.19% |
| BROADCOM INC. | 8.05% | 5.17% |
| APPLOVIN CORPORATION | 5.16% | 5.32% |
| Only in FEPI | Only in KYLD |
|---|---|
| MICRON TECHNOLOGY, INC. 8.91% | TREASURY BILL 12.96% |
| ALPHABET INC. 8.83% | TREASURY BILL 11.01% |
| NVIDIA CORPORATION 7.76% | Global X Silver Miners ETF 7.09% |
| TESLA, INC. 7.47% | VanEck Gold Miners ETF/USA 6.38% |
| AMAZON.COM, INC. 5.21% | Howmet Aerospace Inc 5.97% |
| MICROSOFT CORPORATION 5.19% | Teradyne Inc 5.77% |
| PALANTIR TECHNOLOGIES INC. 5.17% | BWX Technologies Inc 5.38% |
| NETFLIX, INC. 5.16% | Vistra Corp 4.71% |
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 | KYLD | FEPI | KYLD | FEPI | KYLD | |
| 3 months | +2.9% | −6.3% | 6.0% | 5.6% | +5.4 pts | −8.5 pts |
| 6 months | +17.2% | +24.4% | 12.8% | 14.1% | −7.1 pts | +6.4 pts |
| 1 year | +15.7% | not published | 23.4% | not published | −6.1 pts | not published |
| Since launch | +69.0% | +2.0% | 66.8% | 20.9% | −28.5 pts | −10.9 pts |
| FEPI REX FANG & Innovation Equity Premium Income ETF Covered call on QQQ, paying weekly | KYLD Kurv High Income ETF Option income on SPY, paying weekly | |
|---|---|---|
| Issuer | REX | Kurv |
| Strategy | covered call | option income |
| Benchmark | Nasdaq-100 (QQQ), used as the innovation proxy | S&P 500 (SPY), used as a default proxy |
| Pays | weekly | weekly |
| Payout rate, annualized | 24.9% | 25.6% |
| Expense ratio | 0.65% | 1.00% |
| Cash paid, 1 year | 23.4% | 20.9% (since launch on Oct 31, 2025) |
| Price change, 1 year | −10.0% | −20.5% |
| Total return, 1 year | +15.7% | +2.0% (since launch on Oct 31, 2025) |
| Benchmark return, 1 year | +21.8% | +12.9% |
| Ahead or behind | −6.1 pts | −10.9 pts |
| Return of capital, latest estimate | not published | 100% |
| Age | 1073 days | 322 days |
| Net assets | $713m | $49m |
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.
KYLD in plain words
Over the period since launch on Oct 31, 2025 to Sep 18, 2026, KYLD paid 20.9% of its starting value in cash distributions while its price fell 20.5%. With every distribution reinvested, the fund returned +2.0%. S&P 500 (SPY), used as a default proxy returned +12.9% over the same days, so a holder was behind by 10.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 25.6%, paid weekly. Kurv estimates that 100% of the distribution paid Sep 3, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which is cheaper, FEPI or KYLD?
- FEPI charges 0.65% a year and KYLD charges 1.00%, 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.
Cite this page. ETFIQ, FEPI against KYLD, data as of Sep 18, 2026. https://etfiq.com/compare/income/fepi-vs-kyld Free to use with attribution; the underlying files are at Open data.