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Data as of .

FEPI vs RYLD: which paid, and which earned it?

Over the year FEPI paid 23.4% of its price in cash against RYLD’s 12.3%, though RYLD returned more with it reinvested.

REX FANG & Innovation Equity Premium Income ETF and Global X Russell 2000 Covered Call ETF, side by side, income ETFs on ETFIQ.

23.4%FEPI cash paid, 1 year
12.3%RYLD cash paid, 1 year
+17.1%FEPI total return, 1 year
+18.1%RYLD total return, 1 year

ETFIQ Return Stability Score: RYLD scores higher

Was the payout funded by returns, or by your own capital?

FEPI 37.9RYLD 65.73.2, the lowest in this set96.9, the highest

A percentile among the 161 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed

FEPI5.8 pts behind QQQ · 1 year to Sep 11, 2026
QQQ+23.0%FEPI+17.1%23.4% of it arrived as cash5.8 pts behind QQQTotal return, distributions reinvestedQQQ+23.0%FEPI+17.1%23.4% as cash5.8 pts behind QQQ
RYLD3.1 pts behind IWM · 1 year to Sep 11, 2026
IWM+21.2%RYLD+18.1%12.3% of it arrived as cash3.1 pts behind IWMTotal return, distributions reinvestedIWM+21.2%RYLD+18.1%3.1 pts behind IWM

What they hold in common

By the books each fund has filed, FEPI and RYLD hold 0% of their money in the same securities at the same weight.

Largest positions each one holds and the other does not
Only in FEPIOnly in RYLD
ADVANCED MICRO DEVICES, INC. 9.98%GLOBAL X RUSSELL 2000 ETF 99.96%
MICRON TECHNOLOGY, INC. 8.91%CASH 0.04%
ALPHABET INC. 8.83%
BROADCOM INC. 8.05%
NVIDIA CORPORATION 7.76%
TESLA, INC. 7.47%
INTEL CORPORATION 5.24%
AMAZON.COM, INC. 5.21%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Sep 11, 2026.

Performance, window by window

FEPI and RYLD over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnCash paidAgainst the benchmark
FEPIRYLDFEPIRYLDFEPIRYLD
3 months+4.2%+3.9%6.1%3.1%+5.0 pts+5.1 pts
6 months+14.6%+13.1%12.1%6.3%−6.1 pts−4.5 pts
1 year+17.1%+18.1%23.4%12.3%−5.8 pts−3.1 pts
3 yearsnot published+30.9%not published32.7%not published−31.7 pts
Since launch+67.5%+51.9%66.4%67.2%−28.2 pts−51.8 pts
Open the live comparison on ETFIQ
FEPI and RYLD on the same fields, as of Sep 11, 2026. Source: ETFIQ.
FEPI
REX FANG & Innovation Equity Premium Income ETF
Covered call on QQQ, paying weekly
RYLD
Global X Russell 2000 Covered Call ETF
Covered call on IWM, paying monthly
IssuerREXGlobal X
Strategycovered callcovered call
BenchmarkNasdaq-100 (QQQ), used as the innovation proxyRussell 2000 (IWM)
Paysweeklymonthly
Payout rate, annualized25.2%12.4%
Expense ratio0.65%0.60%
Cash paid, 1 year23.4%12.3%
Price change, 1 year−8.5%+4.7%
Total return, 1 year+17.1%+18.1%
Benchmark return, 1 year+23.0%+21.2%
Ahead or behind−5.8 pts−3.1 pts
Return of capital, latest estimatenot published100%
Age1066 days2699 days

FEPI in plain words

Over the year to Sep 11, 2026, FEPI paid 23.4% of its starting value in cash distributions while its price fell 8.5%. With every distribution reinvested, the fund returned +17.1%. Nasdaq-100 (QQQ), used as the innovation proxy returned +23.0% over the same days, so a holder was behind by 5.8 pts. At its price on Sep 11, 2026 the latest distribution annualizes to 25.2%, paid weekly.

RYLD in plain words

Over the year to Sep 11, 2026, RYLD paid 12.3% of its starting value in cash distributions while its price rose 4.7%. With every distribution reinvested, the fund returned +18.1%. Russell 2000 (IWM) returned +21.2% over the same days, so a holder was behind by 3.1 pts. At its price on Sep 11, 2026 the latest distribution annualizes to 12.4%, paid monthly. Global X estimates that 100% of the distribution paid Aug 27, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).

Questions people ask

Which paid more, FEPI or RYLD?
Over the year to Sep 11, 2026, FEPI paid 23.4% of its starting price in cash and RYLD 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 RYLD?
With every distribution reinvested, FEPI returned +17.1% and RYLD returned +18.1% over the year to Sep 11, 2026, so RYLD returned more.
Which is cheaper, FEPI or RYLD?
FEPI charges 0.65% a year and RYLD charges 0.60%, so RYLD is cheaper. Fees come from each fund's prospectus.

Other comparisons

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

FEPI against RYLD, ETFIQ, data as of Sep 11, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, FEPI against RYLD, data as of Sep 11, 2026. https://etfiq.com/compare/income/fepi-vs-ryld Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources