Which paid more, FEPI or RYLD?

Over the year to Oct 28, 2026, FEPI paid 22.9% of its starting price in cash and RYLD paid 12.1%, 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 +8.5% and RYLD +12.1% over the year to Oct 28, 2026.

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.

Data as of Oct 28, 2026.

Income ETFs

FEPI vs RYLD: 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 RYLD’s 12.1%, though RYLD 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 $1.3bn on Oct 12, 2026 for Global X Russell 2000 Covered Call ETF.

FEPI on its own →RYLD on its own →

At a glance

22.9%

FEPI cash paid, 1 year

12.1%

RYLD cash paid, 1 year

+8.5%

FEPI total return, 1 year

+12.1%

RYLD 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% 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.

RYLD · 1 year to Oct 28, 2026 2 pts behind IWM

RYLD

+12.1%

IWM

+14.1%

2 pts behind IWM

RYLD over 1 year: paid 12.1%, price −0.6%, total +12.1%, IWM +14.1%, −2.0 pts. Data to Oct 28, 2026.

IWM

+14.1%

RYLD

+12.1%

12.1% of it arrived as cash

2 pts behind IWM

Total return, distributions reinvested

2 pts behind IWM

RYLD over 1 year: paid 12.1%, price −0.6%, total +12.1%, IWM +14.1%, −2.0 pts. Data to Oct 28, 2026.

IWM

+14.1%

RYLD

+12.1%

12.1% as cash

2 pts behind IWM

12.1% of it arrived as cash. Both charts share one scale, with zero at the line. RYLD over 1 year: paid 12.1%, price −0.6%, total +12.1%, IWM +14.1%, −2.0 pts. Data to Oct 28, 2026.

Data to Oct 28, 2026.

Pair scorecard

RYLD costs 0.05 points a year less; their one-year returns differ by 3.6 points; RYLD is 1.7 times larger.

Points (pts) are percentage points.

FEPI vs RYLD: Dividend Yield & Total Return
Measure	FEPI	RYLD
Paid and earned
Measure	FEPI	RYLD
Total return, 1 year	+8.5%	+12.1%
Price change, 1 year	fell 16.3%	fell 0.6%
Return of capital, issuer estimate		100% of the Sep 24, 2026 payment
Against its benchmark
Measure	FEPI	RYLD
Benchmark	not published	Russell 2000, measured through IWM
Against its benchmark, same days		behind by 2.0 pts
Cost and size
Measure	FEPI	RYLD
Expense ratio	0.65%	0.60%
Net assets, as of Oct 12, 2026	$744m	$1.3bn
Holdings
Measure	FEPI	RYLD
Holdings in common	0%

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

Risk and return

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

FEPI RYLD

Return

Total return edge FEPI +68.3% +35.4%

Annualized edge FEPI +18.8% +10.6%

Price return edge RYLD −19.7% −6.5%

Risk

Volatility edge RYLD 19.1% 10.5%

Max drawdown edge RYLD −22.7% −15.3%

Risk-adjusted

Sharpe edge FEPI 0.77 0.59

Sortino edge FEPI 1.09 0.79

Calmar edge FEPI 0.83 0.69

Reading

FEPI returned more: +68.3% to +35.4%. RYLD swung less: 10.5% to 19.1%. RYLD fell less at its worst: −15.3% to −22.7%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: FEPI vs RYLD: Dividend Yield & Total Return
Measure	FEPI	RYLD	Edge	How it is measured
Return
Total return	+68.3%	+35.4%	FEPI	Price change plus distributions, reinvested.
Annualized	+18.8%	+10.6%	FEPI	Total return as a yearly rate.
Price return	−19.7%	−6.5%	RYLD	Price change alone, distributions left out.
Risk
Volatility	19.1%	10.5%	RYLD	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	13.4%	7.8%	RYLD	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−22.7%	−15.3%	RYLD	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.77	0.59	FEPI	Return above Treasury bills per unit of volatility.
Sortino	1.09	0.79	FEPI	Return above Treasury bills per unit of downside deviation.
Calmar	0.83	0.69	FEPI	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

By the books each fund has filed, FEPI and RYLD hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first FEPI RYLD

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 RYLD

Global X Russell 2000 ETF 100.94%

N/A 0.00%

Check overlap with more funds →

Side by side

FEPI REX FANG & Innovation Equity Premium Income ETF · Covered call, paying weekly RYLD Global X Russell 2000 Covered Call ETF · Covered call on IWM, paying monthly

Issuer REX Global X

Strategy covered call covered call

Benchmark none Russell 2000 (IWM)

Pays weekly monthly

Payout rate, annualized 24.6% 11.5%

Expense ratio 0.65% 0.60%

Cash paid, 1 year 22.9% 12.1%

Price change, 1 year −16.3% −0.6%

Total return, 1 year +8.5% +12.1%

Benchmark return, 1 year not published +14.1%

Ahead or behind not available −2.0 pts

Return of capital, latest estimate not published 100%

Age 3.0 years 7.5 years

Net assets, FEPI as of Oct 27, 2026 and RYLD as of Oct 12, 2026 $725m $1.3bn

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 RYLD: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	FEPI	RYLD	FEPI	RYLD	FEPI	RYLD
3 months	+16.3%	−0.3%	7.0%	2.9%	not measured	+1.9 pts
6 months	+8.1%	+6.8%	11.0%	6.2%	not measured	+2.9 pts
1 year	+8.5%	+12.1%	22.9%	12.1%	not measured	−2.1 pts
3 years	+78.0%	+38.8%	72.9%	35.9%	not measured	−40.5 pts
Since launchNot the same days: FEPI Oct 2023 · RYLD Apr 2019	+69.0%	+49.0%	69.2%	68.4%	not measured	−50.0 pts

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Client brief · page 1 of 2 Report BR-F937A19B77

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

Income paid. FEPI paid 22.9% and RYLD 12.1% (cash paid over 1 year, as a share of its price at the start), a gap of 10.8 points.
Holdings in common. 0% 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 RYLD +12.1% with distributions reinvested, a gap of 3.6 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.

RYLD

Over the year to Oct 28, 2026, RYLD paid 12.1% of its starting value in cash distributions while its price fell 0.6%. With every distribution reinvested, the fund returned +12.1%. Russell 2000 (IWM) returned +14.1% over the same days, so a holder was behind by 2.0 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 11.5%, paid monthly. Global X estimates that 100% 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 RYLD?: Over the year to Oct 28, 2026, FEPI paid 22.9% of its starting price in cash and RYLD paid 12.1%, 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 +8.5% and RYLD +12.1% over the year to Oct 28, 2026.
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

FEPI vs SIXH FEPI vs RDVI FEPI vs YLDE FEPI vs VAIE RYLD vs TSLY RYLD vs ULTY RYLD vs IWMI RYLD vs ITWO

Where to next

Russell 2000 (IWM) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →FEPI on its own →RYLD on its own →FEPI dividend history →FEPI holdings →RYLD dividend history →RYLD holdings →Method →Standards and sources →

Sources and dates

FEPI filings on SEC EDGAR ↗

FEPI prospectus with the expense ratio (SEC) ↗

REX page for FEPI ↗

RYLD filings on SEC EDGAR ↗

RYLD prospectus with the expense ratio (SEC) ↗

RYLD 19a-1 distribution notice ↗

Global X page for RYLD ↗

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

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