Which paid more, FEPI or LAPR?

Over the year to Nov 4, 2026, FEPI paid 22.1% of its starting price in cash and LAPR paid 6.2%, 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 LAPR?

With every distribution reinvested, FEPI returned +2.9% and LAPR +6.2% over the year to Nov 4, 2026.

Which is cheaper, FEPI or LAPR?

FEPI charges 0.65% a year and LAPR charges 0.79%, so FEPI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

FEPI vs LAPR: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, FEPI paid 22.1% of its price in cash against LAPR’s 6.2%, though LAPR 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 $11m on Nov 4, 2026 for Innovator Premium Income 15 Buffer ETF - April.

FEPI on its own →LAPR on its own →

At a glance

22.1%

FEPI cash paid, 1 year

6.2%

LAPR cash paid, 1 year

+2.9%

FEPI total return, 1 year

+6.2%

LAPR total return, 1 year

FEPI · 1 year to Nov 4, 2026 Not measured

FEPI

+2.9%

none

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.

LAPR · 1 year to Nov 4, 2026 8.6 pts behind VOO

LAPR

+6.2%

VOO

+14.8%

8.6 pts behind VOO

LAPR over 1 year: paid 6.2%, price −0.1%, total +6.2%, VOO +14.8%, −8.6 pts. Data to Nov 4, 2026.

VOO

+14.8%

LAPR

+6.2%

6.2% of it arrived as cash

8.6 pts behind VOO

Total return, distributions reinvested

8.6 pts behind VOO

LAPR over 1 year: paid 6.2%, price −0.1%, total +6.2%, VOO +14.8%, −8.6 pts. Data to Nov 4, 2026.

VOO

+14.8%

LAPR

+6.2%

8.6 pts behind VOO

6.2% of it arrived as cash. Both charts share one scale, with zero at the line. LAPR over 1 year: paid 6.2%, price −0.1%, total +6.2%, VOO +14.8%, −8.6 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

FEPI costs 0.14 points a year less; their one-year returns differ by 3.3 points; FEPI is far larger, $679m against $11m.

Points (pts) are percentage points.

FEPI vs LAPR: Dividend Yield & Total Return
Measure	FEPI	LAPR
Paid and earned
Measure	FEPI	LAPR
Total return, 1 year	+2.9%	+6.2%
Price change, 1 year	fell 19.3%	fell 0.1%
Return of capital, issuer estimate		57% of the Nov 2, 2026 payment
Against its benchmark
Measure	FEPI	LAPR
Benchmark	not published	Vanguard S&P 500 ETF, measured through VOO
Cost and size
Measure	FEPI	LAPR
Expense ratio	0.65%	0.79%
Net assets, as of Nov 3, 2026	$679m	$11m
Holdings
Measure	FEPI	LAPR
Holdings in common	0%

Method

What they share

By the books each fund has filed, FEPI and LAPR hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first FEPI LAPR

Only in one fund ↓

Only in FEPI

ALPHABET INC. 7.00%

BROADCOM INC. 6.95%

APPLE INC. 6.90%

NVIDIA CORPORATION 6.68%

ADVANCED MICRO DEVICES, INC. 6.04%

MICRON TECHNOLOGY, INC. 5.88%

META PLATFORMS, INC. 4.25%

MICROSOFT CORPORATION 4.23%

Only in LAPR

Check overlap with more funds →

Side by side

FEPI REX FANG & Innovation Equity Premium Income ETF · Covered call, paying weekly LAPR Innovator Premium Income 15 Buffer ETF - April · Buffer with income on VOO, paying monthly

Issuer REX Innovator

Strategy covered call buffer with income

Benchmark none Vanguard S&P 500 ETF (VOO)

Pays weekly monthly

Payout rate, annualized 24.9% 6.7%

Expense ratio 0.65% 0.79%

Cash paid, 1 year 22.1% 6.2%

Price change, 1 year −19.3% −0.1%

Total return, 1 year +2.9% +6.2%

Benchmark return, 1 year not published +14.8%

Ahead or behind not available −8.6 pts

Return of capital, latest estimate not published 57%

Age 3.1 years 2.6 years

Net assets, FEPI as of Nov 3, 2026 and LAPR as of Nov 4, 2026 $679m $11m

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

Window by window: FEPI vs LAPR: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	FEPI	LAPR	FEPI	LAPR	FEPI	LAPR
3 months	−1.5%	+1.0%	6.4%	1.7%	not measured	+1.1 pts
6 months	−2.4%	+2.4%	11.2%	3.3%	not measured	−2.6 pts
1 year	+2.9%	+6.2%	22.1%	6.2%	not measured	−8.6 pts
3 years	+55.6%	–	69.1%	–	not measured	–
Since launchNot the same days: FEPI Oct 2023 · LAPR Apr 2024	+56.7%	+16.8%	69.6%	15.0%	not measured	−34.6 pts

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Alert

About each fund

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.

LAPR

Over the year to Nov 4, 2026, LAPR paid 6.2% of its starting value in cash distributions while its price fell 0.1%. With every distribution reinvested, the fund returned +6.2%. Vanguard S&P 500 ETF (VOO) returned +14.8% over the same days, so a holder was behind by 8.6 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 6.7%, paid monthly. Innovator estimates that 57% of the distribution paid Nov 2, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

Questions people ask

Which paid more, FEPI or LAPR?: Over the year to Nov 4, 2026, FEPI paid 22.1% of its starting price in cash and LAPR paid 6.2%, 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 LAPR?: With every distribution reinvested, FEPI returned +2.9% and LAPR +6.2% over the year to Nov 4, 2026.
Which is cheaper, FEPI or LAPR?: FEPI charges 0.65% a year and LAPR charges 0.79%, so FEPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

FEPI vs LOCT FEPI vs LJAN FEPI vs XIDE FEPI vs XIMR LAPR vs YYY LAPR vs SIXH LAPR vs ULTY LAPR vs SDVD

Where to next

Vanguard S&P 500 ETF (VOO) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →FEPI on its own →LAPR on its own →FEPI dividend history →FEPI holdings →LAPR dividend history →Method →Standards and sources →

Sources and dates

FEPI filings on SEC EDGAR ↗

FEPI prospectus with the expense ratio (SEC) ↗

REX page for FEPI ↗

LAPR filings on SEC EDGAR ↗

LAPR prospectus with the expense ratio (SEC) ↗

LAPR 19a-1 distribution notice ↗

Innovator page for LAPR ↗

Links are sources, not endorsements. A comparison is not a recommendation.

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 LAPR, data as of Nov 4, 2026. https://etfiq.com/compare/income/fepi-vs-lapr

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.