Data as of Oct 28, 2026.
FEPI vs MSFO: Dividend Yield & Total Return
Over the year to Oct 28, 2026, MSFO paid 26.1% of its price in cash against FEPI’s 22.9%, though FEPI returned more with it reinvested.
askIQ about this page
askIQ about FEPI and MSFO
Net assets on Oct 27, 2026: $725m for REX FANG & Innovation Equity Premium Income ETF and $100m for YieldMax MSFT Option Income Strategy ETF.
Not measured
FEPI over 1 year: paid 22.9%, price −16.3%, total +8.5%, not measured against a benchmark. Data to Oct 28, 2026.
FEPI
+8.5%
22.9% of it arrived as cash
Total return, distributions reinvested
Not measured
FEPI over 1 year: paid 22.9%, price −16.3%, total +8.5%, not measured against a benchmark. Data to Oct 28, 2026.
FEPI
+8.5%
22.9% as cash
22.9% of it arrived as cash. Total return, distributions reinvested. FEPI over 1 year: paid 22.9%, price −16.3%, total +8.5%, not measured against a benchmark. Data to Oct 28, 2026.
Data to Oct 28, 2026.1.4 pts ahead of MSFT
MSFO over 1 year: paid 26.1%, price −30.2%, total +0.2%, MSFT −1.2%, +1.4 pts. Data to Oct 28, 2026.
MSFT
−1.2%
MSFO
+0.2%
1.4 pts ahead of MSFT
Total return, distributions reinvested
1.4 pts ahead of MSFT
MSFO over 1 year: paid 26.1%, price −30.2%, total +0.2%, MSFT −1.2%, +1.4 pts. Data to Oct 28, 2026.
MSFT
−1.2%
MSFO
+0.2%
1.4 pts ahead of MSFT
26.1% of it arrived as cash. Both charts share one scale, with zero at the line. MSFO over 1 year: paid 26.1%, price −30.2%, total +0.2%, MSFT −1.2%, +1.4 pts. Data to Oct 28, 2026.
Data to Oct 28, 2026.Pair scorecard
FEPI costs 0.38 points a year less; their one-year returns differ by 8.3 points; FEPI is 7.3 times larger.
Points (pts) are percentage points.
| Measure | FEPI | MSFO |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +8.5% | +0.2% |
| Price change, 1 year | fell 16.3% | fell 30.2% |
| Return of capital, issuer estimate | 89% of the Oct 30, 2026 payment | |
| Against its benchmark | ||
| Benchmark | not published | Microsoft (MSFT) |
| Cost and size | ||
| Expense ratio | 0.65% | 1.03% |
| Net assets, as of Oct 27, 2026 | $725m | $100m |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 28, 2026. Method
What they share
By the books each fund has filed, FEPI and MSFO hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 28, 2026.
half
0% in common
Only in one fund ↓
Side by side
As of Oct 28, 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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | FEPI | MSFO | FEPI | MSFO | FEPI | MSFO |
| 3 months | +16.3% | +31.5% | 7.0% | 12.5% | not measured | −4.8 pts |
| 6 months | +8.1% | +20.2% | 11.0% | 19.5% | not measured | −5.4 pts |
| 1 year | +8.5% | +0.2% | 22.9% | 26.1% | not measured | +1.5 pts |
| 3 years | +78.0% | +57.1% | 72.9% | 79.1% | not measured | −7.7 pts |
| Since launchNot the same days: FEPI Oct 2023 · MSFO Aug 2023 | +69.0% | +64.8% | 69.2% | 83.2% | not measured | −3.4 pts |
FEPI and MSFO are built for the same job. How do they differ in cost, holdings and results?
- Income paid. FEPI paid 22.9% and MSFO 26.1% (cash paid over 1 year, as a share of its price at the start), a gap of 3.2 points.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Jul 31, 2026 and Oct 28, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 FEPI returned +8.5% and MSFO +0.2% with distributions reinvested, a gap of 8.3 points.
Data as of Oct 28, 2026.
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
FEPI
Over the year to Oct 28, 2026, FEPI paid 22.9% of its starting value in cash distributions while its price fell 16.3%. With every distribution reinvested, the fund returned +8.5%. At its price on Oct 28, 2026 the latest distribution annualizes to 24.6%, paid weekly.
MSFO
Over the year to Oct 28, 2026, MSFO paid 26.1% of its starting value in cash distributions while its price fell 30.2%. With every distribution reinvested, the fund returned +0.2%. Microsoft (MSFT) returned −1.2% over the same days, so a holder was ahead by 1.4 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 34.0%, paid weekly. YieldMax estimates that 89% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
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.
Cite this pageCitation, APA and Markdown
ETFIQ, FEPI against MSFO, data as of Oct 28, 2026. https://etfiq.com/compare/income/fepi-vs-msfo
ETFIQ. (Oct 28, 2026). FEPI against MSFO. Retrieved from https://etfiq.com/compare/income/fepi-vs-msfo
[FEPI against MSFO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/income/fepi-vs-msfo)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.