Data as of .
FEPI vs OEI: which paid, and which earned it?
FEPI and OEI both write options for income.
What they hold in common
By the books each fund has filed, FEPI and OEI hold 39% of their money in the same securities at the same weight.
| Holding | FEPI | OEI |
|---|---|---|
| NVIDIA CORPORATION | 7.76% | 8.32% |
| MICROSOFT CORPORATION | 5.19% | 5.99% |
| AMAZON.COM, INC. | 5.21% | 4.56% |
| APPLE INC. | 5.14% | 4.28% |
| ALPHABET INC. | 8.83% | 3.48% |
| BROADCOM INC. | 8.05% | 3.04% |
| MICRON TECHNOLOGY, INC. | 8.91% | 2.57% |
| META PLATFORMS, INC. | 5.14% | 2.18% |
| ADVANCED MICRO DEVICES, INC. | 9.98% | 1.56% |
| TESLA, INC. | 7.47% | 1.46% |
| INTEL CORPORATION | 5.24% | 1.34% |
| NETFLIX, INC. | 5.16% | 0.56% |
| Only in FEPI | Only in OEI |
|---|---|
| United States of America 2.42% | Alphabet Inc 2.79% |
| Johnson & Johnson 2.10% | |
| ExxonMobil Holdings Corp 2.07% | |
| Booking Holdings Inc 1.89% | |
| Eli Lilly & Co 1.80% | |
| JPMorgan Chase & Co 1.65% | |
| Berkshire Hathaway Inc 1.60% | |
| AbbVie Inc 1.57% |
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 Jul 31, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| FEPI | OEI | FEPI | OEI | FEPI | OEI | |
| 3 months | +2.9% | +4.8% | 6.0% | 2.3% | +5.4 pts | +2.5 pts |
| 6 months | +17.2% | +12.5% | 12.8% | 4.9% | −7.1 pts | −5.6 pts |
| 1 year | +15.7% | not published | 23.4% | not published | −6.1 pts | not published |
| Since launch | +69.0% | +14.4% | 66.8% | 8.6% | −28.5 pts | −0.9 pts |
| FEPI REX FANG & Innovation Equity Premium Income ETF Covered call on QQQ, paying weekly | OEI Optimized Equity Income ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | REX | Core Alternative |
| 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 | monthly |
| Payout rate, annualized | 24.9% | 9.2% |
| Expense ratio | 0.65% | 1.02% |
| Cash paid, 1 year | 23.4% | 8.6% (since launch on Oct 22, 2025) |
| Price change, 1 year | −10.0% | +5.2% |
| Total return, 1 year | +15.7% | +14.4% (since launch on Oct 22, 2025) |
| Benchmark return, 1 year | +21.8% | +15.3% |
| Ahead or behind | −6.1 pts | −0.9 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 1073 days | 331 days |
| Net assets | $713m | $46m |
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.
OEI in plain words
Over the period since launch on Oct 22, 2025 to Sep 18, 2026, OEI paid 8.6% of its starting value in cash distributions while its price rose 5.2%. With every distribution reinvested, the fund returned +14.4%. S&P 500 (SPY), used as a default proxy returned +15.3% over the same days, so a holder was behind by 0.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 9.2%, paid monthly.
Questions people ask
- Which is cheaper, FEPI or OEI?
- FEPI charges 0.65% a year and OEI charges 1.02%, 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 OEI, data as of Sep 18, 2026. https://etfiq.com/compare/income/fepi-vs-oei Free to use with attribution; the underlying files are at Open data.