Which paid more, FEPI or OARK?

Over the year to Oct 28, 2026, FEPI paid 22.9% of its starting price in cash and OARK paid 32.3%, so OARK 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 OARK?

With every distribution reinvested, FEPI returned +8.5% and OARK −2.3% over the year to Oct 28, 2026.

Which is cheaper, FEPI or OARK?

FEPI charges 0.65% a year and OARK charges 1.00%, so FEPI is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Income ETFs

FEPI vs OARK: Dividend Yield & Total Return

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Over the year to Oct 28, 2026, OARK paid 32.3% of its price in cash against FEPI’s 22.9%, though FEPI returned more with it reinvested.

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Net assets on Oct 27, 2026: $725m for REX FANG & Innovation Equity Premium Income ETF and $40m for YieldMax Innovation Option Income Strategy ETF.

FEPI on its own →OARK on its own →

At a glance

22.9%

FEPI cash paid, 1 year

32.3%

OARK cash paid, 1 year

+8.5%

FEPI total return, 1 year

−2.3%

OARK total return, 1 year

FEPI · 1 year to Oct 28, 2026 Not measured

FEPI

+8.5%

none

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.

OARK · 1 year to Oct 28, 2026 1.2 pts ahead of ARKK

OARK

−2.3%

ARKK

−3.5%

1.2 pts ahead of ARKK

OARK over 1 year: paid 32.3%, price −37.0%, total −2.3%, ARKK −3.5%, +1.2 pts. Data to Oct 28, 2026.

ARKK

−3.5%

OARK

−2.3%

1.2 pts ahead of ARKK

Total return, distributions reinvested

1.2 pts ahead of ARKK

OARK over 1 year: paid 32.3%, price −37.0%, total −2.3%, ARKK −3.5%, +1.2 pts. Data to Oct 28, 2026.

ARKK

−3.5%

OARK

−2.3%

1.2 pts ahead of ARKK

32.3% of it arrived as cash. Both charts share one scale, with zero at the line. OARK over 1 year: paid 32.3%, price −37.0%, total −2.3%, ARKK −3.5%, +1.2 pts. Data to Oct 28, 2026.

Data to Oct 28, 2026.

Pair scorecard

FEPI costs 0.35 points a year less; their one-year returns differ by 10.8 points; FEPI is 18.1 times larger.

Points (pts) are percentage points.

FEPI vs OARK: Dividend Yield & Total Return
Measure	FEPI	OARK
Paid and earned
Measure	FEPI	OARK
Total return, 1 year	+8.5%	−2.3%
Price change, 1 year	fell 16.3%	fell 37.0%
Against its benchmark
Measure	FEPI	OARK
Benchmark	not published	ARK Innovation ETF, measured through ARKK
Cost and size
Measure	FEPI	OARK
Expense ratio	0.65%	1.00%
Net assets, as of Oct 27, 2026	$725m	$40m
Holdings
Measure	FEPI	OARK
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 OARK hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 28, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first FEPI OARK

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 OARK

United States Treasury Note/Bond 3.375% 09/15/2027 29.86%

United States Treasury Note/Bond 2.375% 05/15/2027 24.47%

2ARKK US 11/20/26 C85.01 FLX 4.87%

ARKK US 10/30/26 C84.5 1.40%

ARKK US 10/30/26 C85 0.87%

ARKK US 10/30/26 C83 -1.67%

ARKK US 10/30/26 C82.5 -2.39%

2ARKK US 11/20/26 P85.01 FLX -3.41%

Check overlap with more funds →

Side by side

FEPI REX FANG & Innovation Equity Premium Income ETF · Covered call, paying weekly OARK YieldMax Innovation Option Income Strategy ETF · Synthetic covered call on ARKK, paying weekly

Issuer REX YieldMax

Strategy covered call synthetic covered call

Benchmark none ARK Innovation ETF (ARKK)

Pays weekly weekly

Payout rate, annualized 24.6% 27.5%

Expense ratio 0.65% 1.00%

Cash paid, 1 year 22.9% 32.3%

Price change, 1 year −16.3% −37.0%

Total return, 1 year +8.5% −2.3%

Benchmark return, 1 year not published −3.5%

Ahead or behind not available +1.2 pts

Return of capital, latest estimate not published not published

Age 3.0 years 3.9 years

Net assets, as of Oct 27, 2026 $725m $40m

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

Window by window: FEPI vs OARK: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	FEPI	OARK	FEPI	OARK	FEPI	OARK
3 months	+16.3%	+13.7%	7.0%	8.9%	not measured	−8.3 pts
6 months	+8.1%	+9.8%	11.0%	19.6%	not measured	−7.3 pts
1 year	+8.5%	−2.3%	22.9%	32.3%	not measured	+1.2 pts
3 years	+78.0%	+86.2%	72.9%	103.7%	not measured	−66.3 pts
Since launchNot the same days: FEPI Oct 2023 · OARK Nov 2022	+69.0%	+56.0%	69.2%	90.3%	not measured	−83.1 pts

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Alert

About each fund

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.

OARK

Over the year to Oct 28, 2026, OARK paid 32.3% of its starting value in cash distributions while its price fell 37.0%. With every distribution reinvested, the fund returned −2.3%. ARK Innovation ETF (ARKK) returned −3.5% over the same days, so a holder was ahead by 1.2 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 27.5%, paid weekly.

Questions people ask

Which paid more, FEPI or OARK?: Over the year to Oct 28, 2026, FEPI paid 22.9% of its starting price in cash and OARK paid 32.3%, so OARK 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 OARK?: With every distribution reinvested, FEPI returned +8.5% and OARK −2.3% over the year to Oct 28, 2026.
Which is cheaper, FEPI or OARK?: FEPI charges 0.65% a year and OARK charges 1.00%, so FEPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

FEPI vs XSHP FEPI vs PCOV FEPI vs XVSP FEPI vs FGSI OARK vs TSLY OARK vs YYY OARK vs ULTY OARK vs SDVD

Where to next

ARK Innovation ETF (ARKK) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →FEPI on its own →OARK on its own →FEPI dividend history →FEPI holdings →OARK dividend history →OARK holdings →Method →Standards and sources →

Sources and dates

FEPI filings on SEC EDGAR ↗

FEPI prospectus with the expense ratio (SEC) ↗

REX page for FEPI ↗

OARK filings on SEC EDGAR ↗

OARK prospectus with the expense ratio (SEC) ↗

OARK 19a-1 distribution notice ↗

YieldMax page for OARK ↗

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 OARK, data as of Oct 28, 2026. https://etfiq.com/compare/income/fepi-vs-oark

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