Which paid more, FEPI or QDTE?

Over the year to Oct 28, 2026, FEPI paid 22.9% of its starting price in cash and QDTE paid 34.2%, so QDTE 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 QDTE?

With every distribution reinvested, FEPI returned +8.5% and QDTE +16.5% over the year to Oct 28, 2026.

Which is cheaper, FEPI or QDTE?

FEPI charges 0.65% a year and QDTE charges 0.96%, so FEPI is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Income ETFs

FEPI vs QDTE: Dividend Yield & Total Return

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Over the year to Oct 28, 2026, QDTE paid 34.2% of its price in cash against FEPI’s 22.9%, and returned more with it reinvested.

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Net assets: $725m on Oct 27, 2026 for REX FANG & Innovation Equity Premium Income ETF, and $919m on Oct 28, 2026 for Roundhill Nasdaq-100 0DTE Covered Call Strategy ETF.

FEPI on its own →QDTE on its own →

At a glance

22.9%

FEPI cash paid, 1 year

34.2%

QDTE cash paid, 1 year

+8.5%

FEPI total return, 1 year

+16.5%

QDTE 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% 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.

QDTE · 1 year to Oct 28, 2026 1.3 pts ahead of QQQ

QDTE

+16.5%

QQQ

+15.2%

1.3 pts ahead of QQQ

QDTE over 1 year: paid 34.2%, price −21.6%, total +16.5%, QQQ +15.2%, +1.3 pts. Data to Oct 28, 2026.

QQQ

+15.2%

QDTE

+16.5%

34.2% of it arrived as cash

1.3 pts ahead of QQQ

Total return, distributions reinvested

1.3 pts ahead of QQQ

QDTE over 1 year: paid 34.2%, price −21.6%, total +16.5%, QQQ +15.2%, +1.3 pts. Data to Oct 28, 2026.

QQQ

+15.2%

QDTE

+16.5%

34.2% as cash

1.3 pts ahead of QQQ

34.2% of it arrived as cash. Both charts share one scale, with zero at the line. QDTE over 1 year: paid 34.2%, price −21.6%, total +16.5%, QQQ +15.2%, +1.3 pts. Data to Oct 28, 2026.

Data to Oct 28, 2026.

Pair scorecard

FEPI costs 0.31 points a year less; their one-year returns differ by 8.0 points; QDTE is 1.3 times larger.

Points (pts) are percentage points.

FEPI vs QDTE: Dividend Yield & Total Return
Measure	FEPI	QDTE
Paid and earned
Measure	FEPI	QDTE
Total return, 1 year	+8.5%	+16.5%
Price change, 1 year	fell 16.3%	fell 21.6%
Return of capital, issuer estimate		100% of the Oct 23, 2026 payment
Against its benchmark
Measure	FEPI	QDTE
Benchmark	not published	Nasdaq-100, measured through QQQ
Cost and size
Measure	FEPI	QDTE
Expense ratio	0.65%	0.96%
Net assets, as of Oct 27, 2026	$725m	$916m
Holdings
Measure	FEPI	QDTE
Holdings in common	0%

Holdings in common uses holdings dated Jul 31, 2026 and Oct 28, 2026. Method

Risk and return

Mar 15, 2024 to Oct 23, 2026 · 136 weekly returns

FEPI QDTE

Return

Total return edge QDTE +40.9% +60.8%

Annualized edge QDTE +14.0% +19.9%

Price return edge FEPI −26.8% −38.8%

Risk

Volatility edge QDTE (slight) 19.7% 17.8%

Max drawdown edge QDTE (slight) −22.7% −20.5%

Risk-adjusted

Sharpe edge QDTE 0.55 0.87

Sortino edge QDTE 0.76 1.27

Calmar edge QDTE 0.62 0.97

Reading

QDTE returned more: +60.8% to +40.9%. QDTE swung slightly less: 17.8% to 19.7%. QDTE fell slightly less at its worst: −20.5% to −22.7%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: FEPI vs QDTE: Dividend Yield & Total Return
Measure	FEPI	QDTE	Edge	How it is measured
Return
Total return	+40.9%	+60.8%	QDTE	Price change plus distributions, reinvested.
Annualized	+14.0%	+19.9%	QDTE	Total return as a yearly rate.
Price return	−26.8%	−38.8%	FEPI	Price change alone, distributions left out.
Risk
Volatility	19.7%	17.8%	QDTE (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	14.1%	12.2%	QDTE	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−22.7%	−20.5%	QDTE (slight)	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.55	0.87	QDTE	Return above Treasury bills per unit of volatility.
Sortino	0.76	1.27	QDTE	Return above Treasury bills per unit of downside deviation.
Calmar	0.62	0.97	QDTE	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 136 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, FEPI and QDTE 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 QDTE

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 QDTE

QQQ 11/19/2027 70.11 C 73.81%

QQQ 09/17/2027 70.69 C 17.75%

Check overlap with more funds →

Side by side

FEPI REX FANG & Innovation Equity Premium Income ETF · Covered call, paying weekly QDTE Roundhill Nasdaq-100 0DTE Covered Call Strategy ETF · 0DTE covered call on QQQ, paying weekly

Issuer REX Roundhill

Strategy covered call 0DTE covered call

Benchmark none Nasdaq-100 (QQQ)

Pays weekly weekly

Payout rate, annualized 24.6% 20.7%

Expense ratio 0.65% 0.96%

Cash paid, 1 year 22.9% 34.2%

Price change, 1 year −16.3% −21.6%

Total return, 1 year +8.5% +16.5%

Benchmark return, 1 year not published +15.2%

Ahead or behind not available +1.3 pts

Return of capital, latest estimate not published 100%

Age 3.0 years 2.6 years

Net assets, FEPI as of Oct 27, 2026 and QDTE as of Oct 28, 2026 $725m $919m

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 QDTE: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	FEPI	QDTE	FEPI	QDTE	FEPI	QDTE
3 months	+16.3%	+9.5%	7.0%	6.6%	not measured	−0.3 pts
6 months	+8.1%	+10.2%	11.0%	14.9%	not measured	+0.3 pts
1 year	+8.5%	+16.5%	22.9%	34.2%	not measured	+1.3 pts
3 years	+78.0%	–	72.9%	–	not measured	–
Since launchNot the same days: FEPI Oct 2023 · QDTE Mar 2024	+69.0%	+61.4%	69.2%	75.3%	not measured	−3.8 pts

– means no data for this window. Open this comparison in the app →

Client brief · page 1 of 2 Report BR-87070C2F0C

FEPI and QDTE are built for the same job. How do they differ in cost, holdings and results?

Income paid. FEPI paid 22.9% and QDTE 34.2% (cash paid over 1 year, as a share of its price at the start), a gap of 11.3 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 QDTE +16.5% with distributions reinvested, a gap of 8.0 points.

Data as of Oct 28, 2026.

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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.

QDTE

Over the year to Oct 28, 2026, QDTE paid 34.2% of its starting value in cash distributions while its price fell 21.6%. With every distribution reinvested, the fund returned +16.5%. Nasdaq-100 (QQQ) returned +15.2% over the same days, so a holder was ahead by 1.3 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 20.7%, paid weekly. Roundhill estimates that 100% 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

Which paid more, FEPI or QDTE?: Over the year to Oct 28, 2026, FEPI paid 22.9% of its starting price in cash and QDTE paid 34.2%, so QDTE 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 QDTE?: With every distribution reinvested, FEPI returned +8.5% and QDTE +16.5% over the year to Oct 28, 2026.
Which is cheaper, FEPI or QDTE?: FEPI charges 0.65% a year and QDTE charges 0.96%, so FEPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

FEPI vs FTQI FEPI vs ROCQ FEPI vs XQQI FEPI vs IQQQ QDTE vs RYLD QDTE vs RDVI QDTE vs RECI QDTE vs VOOY

Where to next

Nasdaq-100 (QQQ) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →FEPI on its own →QDTE on its own →FEPI dividend history →FEPI holdings →QDTE dividend history →QDTE holdings →Method →Standards and sources →

Sources and dates

FEPI filings on SEC EDGAR ↗

FEPI prospectus with the expense ratio (SEC) ↗

REX page for FEPI ↗

QDTE filings on SEC EDGAR ↗

QDTE prospectus with the expense ratio (SEC) ↗

QDTE 19a-1 distribution notice ↗

Roundhill page for QDTE ↗

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

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