Data as of Nov 4, 2026.
FEPI vs PBP: Dividend Yield & Total Return
Over the year to Nov 4, 2026, FEPI paid 22.1% of its price in cash against PBP’s 11.7%, though PBP returned more with it reinvested.
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Net assets on Nov 3, 2026: $679m for REX FANG & Innovation Equity Premium Income ETF and $389m for Invesco S&P 500 BuyWrite 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%
22.1% as cash
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, 2026.1.4 pts ahead of SPY
PBP over 1 year: paid 11.7%, price +3.6%, total +16.2%, SPY +14.8%, +1.4 pts. Data to Nov 4, 2026.
SPY
+14.8%
PBP
+16.2%
11.7% of it arrived as cash
1.4 pts ahead of SPY
Total return, distributions reinvested
1.4 pts ahead of SPY
PBP over 1 year: paid 11.7%, price +3.6%, total +16.2%, SPY +14.8%, +1.4 pts. Data to Nov 4, 2026.
SPY
+14.8%
PBP
+16.2%
11.7% as cash
1.4 pts ahead of SPY
11.7% of it arrived as cash. Both charts share one scale, with zero at the line. PBP over 1 year: paid 11.7%, price +3.6%, total +16.2%, SPY +14.8%, +1.4 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
PBP costs 0.36 points a year less; their one-year returns differ by 13.3 points; FEPI is 1.7 times larger.
Points (pts) are percentage points.
| Measure | FEPI | PBP |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +2.9% | +16.2% |
| Price change, 1 year | fell 19.3% | rose 3.6% |
| Return of capital, issuer estimate | 95% of the Oct 23, 2026 payment | |
| Against its benchmark | ||
| Benchmark | not published | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.65% | 0.29% |
| Net assets, as of Nov 3, 2026 | $679m | $389m |
| Holdings | ||
| Holdings in common | 35% | |
Risk and return
Oct 20, 2023 to Oct 30, 2026 · 158 weekly returnsFrom Oct 2023 to Oct 2026, FEPI returned more: +62.5% to +51.1%. PBP swung less: 8.8% to 19.1%. PBP fell less at its worst: −14.3% to −22.7%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FEPI | PBP | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +62.5% | +51.1% | FEPI | Price change plus distributions, reinvested. |
| Annualized | +17.3% | +14.6% | FEPI | Total return as a yearly rate. |
| Price return | −22.9% | +9.2% | PBP | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.1% | 8.8% | PBP | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.5% | 6.2% | PBP | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −22.7% | −14.3% | PBP | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.70 | 1.08 | PBP | Return above Treasury bills per unit of volatility. |
| Sortino | 0.99 | 1.54 | PBP | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.76 | 1.02 | PBP | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 158 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FEPI and PBP hold 35% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.
half
35% 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 | PBP | FEPI | PBP | FEPI | PBP |
| 3 months | −1.5% | +2.5% | 6.4% | 2.5% | not measured | +2.6 pts |
| 6 months | −2.4% | +8.1% | 11.2% | 5.3% | not measured | +3.1 pts |
| 1 year | +2.9% | +16.2% | 22.1% | 11.7% | not measured | +1.4 pts |
| 3 years | +55.6% | +49.6% | 69.1% | 33.4% | not measured | −33.3 pts |
| Since launchNot the same days: FEPI Oct 2023 · PBP Dec 2007 | +56.7% | +172.0% | 69.6% | 92.4% | not measured | −467.6 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.
PBP
Over the year to Nov 4, 2026, PBP paid 11.7% of its starting value in cash distributions while its price rose 3.6%. With every distribution reinvested, the fund returned +16.2%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was ahead by 1.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.5%, paid monthly. Invesco estimates that 95% of the distribution paid Oct 23, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
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.
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ETFIQ, FEPI against PBP, data as of Nov 4, 2026. https://etfiq.com/compare/income/fepi-vs-pbp
ETFIQ. (Nov 4, 2026). FEPI against PBP. Retrieved from https://etfiq.com/compare/income/fepi-vs-pbp
[FEPI against PBP (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/fepi-vs-pbp)
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