Data as of Nov 4, 2026.
FEPI vs PAPI: Dividend Yield & Total Return
Over the year to Nov 4, 2026, FEPI paid 22.1% of its price in cash against PAPI’s 8.2%, though PAPI 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 $400m on Jun 30, 2026 for Parametric Equity Premium Income ETF.
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%
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, 2026.9.4 pts behind IWD
PAPI over 1 year: paid 8.2%, price +14.3%, total +23.4%, IWD +32.8%, −9.4 pts. Data to Nov 4, 2026.
IWD
+32.8%
PAPI
+23.4%
8.2% as cash
9.4 pts behind IWD
Total return, distributions reinvested
9.4 pts behind IWD
PAPI over 1 year: paid 8.2%, price +14.3%, total +23.4%, IWD +32.8%, −9.4 pts. Data to Nov 4, 2026.
IWD
+32.8%
PAPI
+23.4%
9.4 pts behind IWD
8.2% of it arrived as cash. Both charts share one scale, with zero at the line. PAPI over 1 year: paid 8.2%, price +14.3%, total +23.4%, IWD +32.8%, −9.4 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
PAPI costs 0.36 points a year less; their one-year returns differ by 20.5 points.
Points (pts) are percentage points.
| Measure | FEPI | PAPI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +2.9% | +23.4% |
| Price change, 1 year | fell 19.3% | rose 14.3% |
| Against its benchmark | ||
| Benchmark | not published | iShares Russell 1000 Value ETF, measured through IWD |
| Cost and size | ||
| Expense ratio | 0.65% | 0.29% |
| Net assets, FEPI as of Nov 3, 2026 and PAPI as of Jun 30, 2026 | $679m | $400m |
| Holdings | ||
| Holdings in common | 1% | |
Risk and return
Oct 27, 2023 to Oct 30, 2026 · 157 weekly returnsFrom Oct 2023 to Oct 2026, FEPI returned more: +65.5% to +46.8%. PAPI swung less: 10.8% to 19.1%. PAPI fell less at its worst: −10.6% to −22.7%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FEPI | PAPI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +65.5% | +46.8% | FEPI | Price change plus distributions, reinvested. |
| Annualized | +18.2% | +13.6% | FEPI | Total return as a yearly rate. |
| Price return | −21.4% | +17.5% | PAPI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.1% | 10.8% | PAPI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.5% | 7.7% | PAPI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −22.7% | −10.6% | PAPI | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.74 | 0.82 | PAPI | Return above Treasury bills per unit of volatility. |
| Sortino | 1.05 | 1.16 | PAPI (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.80 | 1.28 | PAPI | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 157 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FEPI and PAPI hold 1% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.
half
1% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | FEPI | PAPI | FEPI | PAPI | FEPI | PAPI |
| 3 months | −1.5% | +6.6% | 6.4% | 1.8% | not measured | +2.6 pts |
| 6 months | −2.4% | +13.2% | 11.2% | 3.9% | not measured | −0.7 pts |
| 1 year | +2.9% | +23.4% | 22.1% | 8.2% | not measured | −9.4 pts |
| 3 years | +55.6% | +44.5% | 69.1% | 23.7% | not measured | −39.8 pts |
| Since launchNot the same days: FEPI Oct 2023 · PAPI Oct 2023 | +56.7% | +45.5% | 69.6% | 23.9% | not measured | −42.4 pts |
Client brief:
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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.
PAPI
Over the year to Nov 4, 2026, PAPI paid 8.2% of its starting value in cash distributions while its price rose 14.3%. With every distribution reinvested, the fund returned +23.4%. iShares Russell 1000 Value ETF (IWD) returned +32.8% over the same days, so a holder was behind by 9.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 6.8%, paid monthly.
Questions people ask
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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 PAPI, data as of Nov 4, 2026. https://etfiq.com/compare/income/fepi-vs-papi
ETFIQ. (Nov 4, 2026). FEPI against PAPI. Retrieved from https://etfiq.com/compare/income/fepi-vs-papi
[FEPI against PAPI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/fepi-vs-papi)
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