Which paid more, FEPI or QYLD?

Over the year to Oct 28, 2026, FEPI paid 22.9% of its starting price in cash and QYLD paid 12.3%, so FEPI 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 QYLD?

With every distribution reinvested, FEPI returned +8.5% and QYLD +19.3% over the year to Oct 28, 2026.

Which is cheaper, FEPI or QYLD?

FEPI charges 0.65% a year and QYLD charges 0.60%, so QYLD is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Income ETFs

FEPI vs QYLD: Dividend Yield & Total Return

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Over the year to Oct 28, 2026, FEPI paid 22.9% of its price in cash against QYLD’s 12.3%, though QYLD 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 $8.5bn on Oct 12, 2026 for Global X NASDAQ 100 Covered Call ETF.

FEPI on its own →QYLD on its own →

At a glance

22.9%

FEPI cash paid, 1 year

12.3%

QYLD cash paid, 1 year

+8.5%

FEPI total return, 1 year

+19.3%

QYLD 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.

QYLD · 1 year to Oct 28, 2026 4.1 pts ahead of QQQ

QYLD

+19.3%

QQQ

+15.2%

4.1 pts ahead of QQQ

QYLD over 1 year: paid 12.3%, price +5.8%, total +19.3%, QQQ +15.2%, +4.1 pts. Data to Oct 28, 2026.

QQQ

+15.2%

QYLD

+19.3%

12.3% of it arrived as cash

4.1 pts ahead of QQQ

Total return, distributions reinvested

4.1 pts ahead of QQQ

QYLD over 1 year: paid 12.3%, price +5.8%, total +19.3%, QQQ +15.2%, +4.1 pts. Data to Oct 28, 2026.

QQQ

+15.2%

QYLD

+19.3%

12.3% cash

4.1 pts ahead of QQQ

12.3% of it arrived as cash. Both charts share one scale, with zero at the line. QYLD over 1 year: paid 12.3%, price +5.8%, total +19.3%, QQQ +15.2%, +4.1 pts. Data to Oct 28, 2026.

Data to Oct 28, 2026.

Pair scorecard

QYLD costs 0.05 points a year less; their one-year returns differ by 10.8 points; QYLD is 11.4 times larger.

Points (pts) are percentage points.

FEPI vs QYLD: Dividend Yield & Total Return
Measure	FEPI	QYLD
Paid and earned
Measure	FEPI	QYLD
Total return, 1 year	+8.5%	+19.3%
Price change, 1 year	fell 16.3%	rose 5.8%
Return of capital, issuer estimate		99% of the Sep 24, 2026 payment
Against its benchmark
Measure	FEPI	QYLD
Benchmark	not published	Nasdaq-100, measured through QQQ
Cost and size
Measure	FEPI	QYLD
Expense ratio	0.65%	0.60%
Net assets, as of Oct 12, 2026	$744m	$8.5bn
Holdings
Measure	FEPI	QYLD
Holdings in common	48%

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

Risk and return

Oct 20, 2023 to Oct 23, 2026 · 157 weekly returns

FEPI QYLD

Return

Total return edge FEPI +68.3% +57.5%

Annualized edge FEPI +18.8% +16.2%

Price return edge QYLD −19.7% +8.3%

Risk

Volatility edge QYLD 19.1% 11.8%

Max drawdown edge QYLD −22.7% −17.5%

Risk-adjusted

Sharpe edge QYLD 0.77 0.96

Sortino edge QYLD 1.09 1.40

Calmar edge QYLD 0.83 0.93

Reading

FEPI returned more: +68.3% to +57.5%. QYLD swung less: 11.8% to 19.1%. QYLD fell less at its worst: −17.5% to −22.7%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: FEPI vs QYLD: Dividend Yield & Total Return
Measure	FEPI	QYLD	Edge	How it is measured
Return
Total return	+68.3%	+57.5%	FEPI	Price change plus distributions, reinvested.
Annualized	+18.8%	+16.2%	FEPI	Total return as a yearly rate.
Price return	−19.7%	+8.3%	QYLD	Price change alone, distributions left out.
Risk
Volatility	19.1%	11.8%	QYLD	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	13.4%	8.1%	QYLD	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−22.7%	−17.5%	QYLD	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.77	0.96	QYLD	Return above Treasury bills per unit of volatility.
Sortino	1.09	1.40	QYLD	Return above Treasury bills per unit of downside deviation.
Calmar	0.83	0.93	QYLD	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

48%

By the books each fund has filed, FEPI and QYLD hold 48% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

50%

0 half 100%

half

48% in common

Positions both hold · largest shared weight first FEPI QYLD

APPLE INC. 6.90% 7.65%

NVIDIA CORPORATION 6.68% 8.20%

MICRON TECHNOLOGY, INC. 5.88% 4.32%

MICROSOFT CORPORATION 4.23% 5.82%

AMAZON.COM, INC. 4.21% 4.93%

ADVANCED MICRO DEVICES, INC. 6.04% 3.62%

ALPHABET INC. 7.00% 3.50%

BROADCOM INC. 6.95% 3.11%

META PLATFORMS, INC. 4.25% 2.78%

TESLA, INC. 4.22% 2.62%

INTEL CORPORATION 4.10% 2.11%

NETFLIX, INC. 4.21% 1.41%

Only in one fund ↓

Only in FEPI

ORACLE CORPORATION 4.23%

Only in QYLD

ALPHABET INC. 3.28%

WALMART INC. 2.53%

CISCO SYSTEMS, INC. 2.13%

COSTCO WHOLESALE CORPORATION 1.97%

APPLIED MATERIALS, INC. 1.88%

LAM RESEARCH CORPORATION 1.71%

PALO ALTO NETWORKS, INC. 1.26%

TEXAS INSTRUMENTS INCORPORATED 1.17%

Check overlap with more funds →

Side by side

FEPI REX FANG & Innovation Equity Premium Income ETF · Covered call, paying weekly QYLD Global X NASDAQ 100 Covered Call ETF · Covered call on QQQ, paying monthly

Issuer REX Global X

Strategy covered call covered call

Benchmark none Nasdaq-100 (QQQ)

Pays weekly monthly

Payout rate, annualized 24.6% 11.9%

Expense ratio 0.65% 0.60%

Cash paid, 1 year 22.9% 12.3%

Price change, 1 year −16.3% +5.8%

Total return, 1 year +8.5% +19.3%

Benchmark return, 1 year not published +15.2%

Ahead or behind not available +4.1 pts

Return of capital, latest estimate not published 99%

Age 3.0 years 12.9 years

Net assets, FEPI as of Oct 27, 2026 and QYLD as of Oct 12, 2026 $725m $8.5bn

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 QYLD: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	FEPI	QYLD	FEPI	QYLD	FEPI	QYLD
3 months	+16.3%	+10.4%	7.0%	3.1%	not measured	+0.6 pts
6 months	+8.1%	+9.4%	11.0%	6.1%	not measured	−0.5 pts
1 year	+8.5%	+19.3%	22.9%	12.3%	not measured	+4.1 pts
3 years	+78.0%	+62.2%	72.9%	39.3%	not measured	−51.5 pts
Since launchNot the same days: FEPI Oct 2023 · QYLD Dec 2013	+69.0%	+202.5%	69.2%	117.5%	not measured	−646.8 pts

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Client brief · page 1 of 2 Report BR-56A317D671

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

Income paid. FEPI paid 22.9% and QYLD 12.3% (cash paid over 1 year, as a share of its price at the start), a gap of 10.6 points.
Holdings in common. 48% of the weight is in the same securities (holdings dated Jul 31, 2026).
One-year total return. Over 1 year to Oct 28, 2026 FEPI returned +8.5% and QYLD +19.3% with distributions reinvested, a gap of 10.8 points.

Data as of Oct 28, 2026.

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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.

QYLD

Over the year to Oct 28, 2026, QYLD paid 12.3% of its starting value in cash distributions while its price rose 5.8%. With every distribution reinvested, the fund returned +19.3%. Nasdaq-100 (QQQ) returned +15.2% over the same days, so a holder was ahead by 4.1 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 11.9%, paid monthly. Global X estimates that 99% of the distribution paid Sep 24, 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 QYLD?: Over the year to Oct 28, 2026, FEPI paid 22.9% of its starting price in cash and QYLD paid 12.3%, so FEPI 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 QYLD?: With every distribution reinvested, FEPI returned +8.5% and QYLD +19.3% over the year to Oct 28, 2026.
Which is cheaper, FEPI or QYLD?: FEPI charges 0.65% a year and QYLD charges 0.60%, so QYLD is cheaper. Fees come from each fund's prospectus.

Other comparisons

FEPI vs QRMI FEPI vs GPIQ FEPI vs QQQI FEPI vs JEPQ QYLD vs TSLY QYLD vs YYY QYLD vs ULTY QYLD vs SDVD

Where to next

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

Sources and dates

FEPI filings on SEC EDGAR ↗

FEPI prospectus with the expense ratio (SEC) ↗

REX page for FEPI ↗

QYLD filings on SEC EDGAR ↗

QYLD prospectus with the expense ratio (SEC) ↗

QYLD 19a-1 distribution notice ↗

Global X page for QYLD ↗

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

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