Data as of Nov 4, 2026.
FEPI vs QQQY: Dividend Yield & Total Return
Over the year to Nov 4, 2026, QQQY paid 29.9% of its price in cash against FEPI’s 22.1%, and 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 $178m for Defiance Nasdaq 100 Weekly Distribution 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, 2026.1.3 pts ahead of QQQ
QQQY over 1 year: paid 29.9%, price −17.8%, total +13.6%, QQQ +12.3%, +1.3 pts. Data to Nov 4, 2026.
QQQ
+12.3%
QQQY
+13.6%
29.9% of it arrived as cash
1.3 pts ahead of QQQ
Total return, distributions reinvested
1.3 pts ahead of QQQ
QQQY over 1 year: paid 29.9%, price −17.8%, total +13.6%, QQQ +12.3%, +1.3 pts. Data to Nov 4, 2026.
QQQ
+12.3%
QQQY
+13.6%
29.9% as cash
1.3 pts ahead of QQQ
29.9% of it arrived as cash. Both charts share one scale, with zero at the line. QQQY over 1 year: paid 29.9%, price −17.8%, total +13.6%, QQQ +12.3%, +1.3 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
FEPI costs 0.36 points a year less; their one-year returns differ by 10.7 points; FEPI is 3.8 times larger.
Points (pts) are percentage points.
| Measure | FEPI | QQQY |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +2.9% | +13.6% |
| Price change, 1 year | fell 19.3% | fell 17.8% |
| Return of capital, issuer estimate | 81% of the Oct 30, 2026 payment | |
| Against its benchmark | ||
| Benchmark | not published | Nasdaq-100, measured through QQQ |
| Cost and size | ||
| Expense ratio | 0.65% | 1.01% |
| Net assets, as of Nov 3, 2026 | $679m | $178m |
| Holdings | ||
| Holdings in common | 0% | |
Risk and return
Oct 20, 2023 to Oct 30, 2026 · 158 weekly returnsFrom Oct 2023 to Oct 2026, FEPI returned more: +62.5% to +54.5%. QQQY swung less: 15.0% to 19.1%. QQQY fell less at its worst: −18.3% to −22.7%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FEPI | QQQY | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +62.5% | +54.5% | FEPI | Price change plus distributions, reinvested. |
| Annualized | +17.3% | +15.4% | FEPI | Total return as a yearly rate. |
| Price return | −22.9% | −63.0% | FEPI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.1% | 15.0% | QQQY | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.5% | 10.5% | QQQY | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −22.7% | −18.3% | QQQY | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.70 | 0.73 | QQQY (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.99 | 1.04 | QQQY (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.76 | 0.84 | QQQY (slight) | 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 QQQY hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 4, 2026.
half
0% 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 | QQQY | FEPI | QQQY | FEPI | QQQY |
| 3 months | −1.5% | −3.5% | 6.4% | 7.3% | not measured | −0.1 pts |
| 6 months | −2.4% | +0.4% | 11.2% | 15.4% | not measured | +0.7 pts |
| 1 year | +2.9% | +13.6% | 22.1% | 29.9% | not measured | +1.3 pts |
| 3 years | +55.6% | +51.9% | 69.1% | 88.2% | not measured | −39.4 pts |
| Since launchNot the same days: FEPI Oct 2023 · QQQY Sep 2023 | +56.7% | +49.8% | 69.6% | 88.1% | not measured | −37.0 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.
QQQY
Over the year to Nov 4, 2026, QQQY paid 29.9% of its starting value in cash distributions while its price fell 17.8%. With every distribution reinvested, the fund returned +13.6%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was ahead by 1.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 31.5%, paid weekly. Defiance estimates that 81% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
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 QQQY, data as of Nov 4, 2026. https://etfiq.com/compare/income/fepi-vs-qqqy
ETFIQ. (Nov 4, 2026). FEPI against QQQY. Retrieved from https://etfiq.com/compare/income/fepi-vs-qqqy
[FEPI against QQQY (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/fepi-vs-qqqy)
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