Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

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

Over the year FEPI paid 23.4% of its price in cash against LAPR’s 5.9%, and returned more with it reinvested.

REX FANG & Innovation Equity Premium Income ETF and Innovator Premium Income 15 Buffer ETF - April.

23.4%FEPI cash paid, 1 year
5.9%LAPR cash paid, 1 year
+15.7%FEPI total return, 1 year
+6.1%LAPR total return, 1 year

ETFIQ Return Stability Score: LAPR scores higher

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

FEPI 33.5LAPR 42.63.8, 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
LAPR10.5 pts behind SPY · 1 year to Sep 18, 2026
SPY+16.6%LAPR+6.1%5.9% as cash10.5 pts behind SPYTotal return, distributions reinvestedSPY+16.6%LAPR+6.1%10.5 pts behind SPY

What they hold in common

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

Only in each
Only in FEPIOnly in LAPR
ADVANCED MICRO DEVICES, INC. 9.98%TREASURY BILL 94.62%
MICRON TECHNOLOGY, INC. 8.91%TREASURY BILL 0.54%
ALPHABET INC. 8.83%TREASURY BILL 0.54%
BROADCOM INC. 8.05%TREASURY BILL 0.54%
NVIDIA CORPORATION 7.76%TREASURY BILL 0.54%
TESLA, INC. 7.47%TREASURY BILL 0.54%
INTEL CORPORATION 5.24%TREASURY BILL 0.54%
AMAZON.COM, INC. 5.21%TREASURY BILL 0.54%

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.

Performance, window by window

FEPI and LAPR over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnCash paidAgainst the benchmark
FEPILAPRFEPILAPRFEPILAPR
3 months+2.9%+1.3%6.0%1.7%+5.4 pts−0.9 pts
6 months+17.2%+3.8%12.8%3.3%−7.1 pts−14.2 pts
1 year+15.7%+6.1%23.4%5.9%−6.1 pts−10.5 pts
Since launch+69.0%+16.1%66.8%13.8%−28.5 pts−34.1 pts
Open the live comparison on ETFIQ
FEPI and LAPR 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
LAPR
Innovator Premium Income 15 Buffer ETF - April
Buffer with income on SPY, paying monthly
IssuerREXInnovator
Strategycovered callbuffer with income
BenchmarkNasdaq-100 (QQQ), used as the innovation proxyS&P 500 (SPY)
Paysweeklymonthly
Payout rate, annualized24.9%6.7%
Expense ratio0.65%0.79%
Cash paid, 1 year23.4%5.9%
Price change, 1 year−10.0%0.0%
Total return, 1 year+15.7%+6.1%
Benchmark return, 1 year+21.8%+16.6%
Ahead or behind−6.1 pts−10.5 pts
Return of capital, latest estimatenot publishednot published
Age1073 days900 days
Net assets$713m$11m

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.

LAPR in plain words

Over the year to Sep 18, 2026, LAPR paid 5.9% of its starting value in cash distributions while its price rose 0.0%. With every distribution reinvested, the fund returned +6.1%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 10.5 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 6.7%, paid monthly.

Questions people ask

Which paid more, FEPI or LAPR?
Over the year to Sep 18, 2026, FEPI paid 23.4% of its starting price in cash and LAPR paid 5.9%, 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 +15.7% and LAPR returned +6.1% over the year to Sep 18, 2026, so FEPI returned more.
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

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 LAPR, 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 LAPR, data as of Sep 18, 2026. https://etfiq.com/compare/income/fepi-vs-lapr Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources