Data as of Oct 28, 2026.
FEPI vs QQQI: Dividend Yield & Total Return
Over the year to Oct 28, 2026, FEPI paid 22.9% of its price in cash against QQQI’s 13.7%, though QQQI 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 $15.4bn for NEOS Nasdaq-100 High Income ETF.
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% 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, 2026.3.3 pts behind QQQ
QQQI over 1 year: paid 13.7%, price −2.8%, total +11.9%, QQQ +15.2%, −3.3 pts. Data to Oct 28, 2026.
QQQ
+15.2%
QQQI
+11.9%
13.7% of it arrived as cash
3.3 pts behind QQQ
Total return, distributions reinvested
3.3 pts behind QQQ
QQQI over 1 year: paid 13.7%, price −2.8%, total +11.9%, QQQ +15.2%, −3.3 pts. Data to Oct 28, 2026.
QQQ
+15.2%
QQQI
+11.9%
13.7% as cash
3.3 pts behind QQQ
13.7% of it arrived as cash. Both charts share one scale, with zero at the line. QQQI over 1 year: paid 13.7%, price −2.8%, total +11.9%, QQQ +15.2%, −3.3 pts. Data to Oct 28, 2026.
Data to Oct 28, 2026.Pair scorecard
FEPI costs 0.03 points a year less; their one-year returns differ by 3.4 points; QQQI is far larger, $15.4bn against $725m.
Points (pts) are percentage points.
| Measure | FEPI | QQQI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +8.5% | +11.9% |
| Price change, 1 year | fell 16.3% | fell 2.8% |
| Return of capital, issuer estimate | 100% of the Oct 23, 2026 payment | |
| Against its benchmark | ||
| Benchmark | not published | Nasdaq-100, measured through QQQ |
| Cost and size | ||
| Expense ratio | 0.65% | 0.68% |
| Net assets, as of Oct 27, 2026 | $725m | $15.4bn |
| Holdings | ||
| Holdings in common | 48% | |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 28, 2026. Method
Risk and return
Feb 9, 2024 to Oct 23, 2026 · 141 weekly returnsQQQI returned more: +52.7% to +38.3%. QQQI swung less: 16.0% to 19.5%. QQQI fell less at its worst: −18.4% to −22.7%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FEPI | QQQI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +38.3% | +52.7% | QQQI | Price change plus distributions, reinvested. |
| Annualized | +12.7% | +16.9% | QQQI | Total return as a yearly rate. |
| Price return | −29.7% | +3.2% | QQQI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.5% | 16.0% | QQQI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 14.0% | 10.8% | QQQI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −22.7% | −18.4% | QQQI | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.49 | 0.79 | QQQI | Return above Treasury bills per unit of volatility. |
| Sortino | 0.68 | 1.16 | QQQI | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.56 | 0.92 | QQQI | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 141 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FEPI and QQQI hold 48% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 28, 2026.
half
48% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | FEPI | QQQI | FEPI | QQQI | FEPI | QQQI |
| 3 months | +16.3% | +9.9% | 7.0% | 3.8% | not measured | +0.2 pts |
| 6 months | +8.1% | +7.8% | 11.0% | 7.2% | not measured | −2.1 pts |
| 1 year | +8.5% | +11.9% | 22.9% | 13.7% | not measured | −3.3 pts |
| 3 years | +78.0% | – | 72.9% | – | not measured | – |
| Since launchNot the same days: FEPI Oct 2023 · QQQI Jan 2024 | +69.0% | +60.7% | 69.2% | 41.2% | not measured | −12.4 pts |
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FEPI and QQQI are built for the same job. How do they differ in cost, holdings and results?
- Income paid. FEPI paid 22.9% and QQQI 13.7% (cash paid over 1 year, as a share of its price at the start), a gap of 9.2 points.
- Holdings in common. 48% 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 QQQI +11.9% with distributions reinvested, a gap of 3.4 points.
Data as of Oct 28, 2026.
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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.
QQQI
Over the year to Oct 28, 2026, QQQI paid 13.7% of its starting value in cash distributions while its price fell 2.8%. With every distribution reinvested, the fund returned +11.9%. Nasdaq-100 (QQQ) returned +15.2% over the same days, so a holder was behind by 3.3 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 14.1%, paid monthly. NEOS 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
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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 QQQI, data as of Oct 28, 2026. https://etfiq.com/compare/income/fepi-vs-qqqi
ETFIQ. (Oct 28, 2026). FEPI against QQQI. Retrieved from https://etfiq.com/compare/income/fepi-vs-qqqi
[FEPI against QQQI (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/income/fepi-vs-qqqi)
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