Data as of .
FEPI vs SCEP: which paid, and which earned it?
FEPI and SCEP both write options for income.
What they hold in common
By the books each fund has filed, FEPI and SCEP hold 38% of their money in the same securities at the same weight.
| Holding | FEPI | SCEP |
|---|---|---|
| ALPHABET INC. | 8.83% | 5.98% |
| NVIDIA CORPORATION | 7.76% | 5.70% |
| BROADCOM INC. | 8.05% | 5.61% |
| APPLE INC. | 5.14% | 5.71% |
| AMAZON.COM, INC. | 5.21% | 4.68% |
| MICROSOFT CORPORATION | 5.19% | 3.49% |
| META PLATFORMS, INC. | 5.14% | 2.23% |
| ADVANCED MICRO DEVICES, INC. | 9.98% | 2.19% |
| ORACLE CORPORATION | 5.16% | 1.04% |
| NETFLIX, INC. | 5.16% | 1.01% |
| PALANTIR TECHNOLOGIES INC. | 5.17% | 0.78% |
| Only in FEPI | Only in SCEP |
|---|---|
| MICRON TECHNOLOGY, INC. 8.91% | JP MORGAN CHASE & COMPANY 3.55% |
| TESLA, INC. 7.47% | LAM RESEARCH CORP 2.64% |
| INTEL CORPORATION 5.24% | PARKER-HANNIFIN CORP 2.63% |
| APPLOVIN CORPORATION 5.16% | COSTCO WHOLESALE CORP 2.40% |
| United States of America 2.42% | WILLIAMS COMPANIES INC (THE) 2.15% |
| ILLINOIS TOOL WORKS INC 2.07% | |
| EQUINIX INC 2.05% | |
| VISA INC 1.98% |
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 Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| FEPI | SCEP | FEPI | SCEP | FEPI | SCEP | |
| 3 months | +2.9% | −0.1% | 6.0% | 1.7% | +5.4 pts | −2.4 pts |
| 6 months | +17.2% | +8.3% | 12.8% | 3.7% | −7.1 pts | −9.7 pts |
| 1 year | +15.7% | not published | 23.4% | not published | −6.1 pts | not published |
| Since launch | +69.0% | +3.5% | 66.8% | 5.0% | −28.5 pts | −8.2 pts |
| FEPI REX FANG & Innovation Equity Premium Income ETF Covered call on QQQ, paying weekly | SCEP STERLING CAPITAL HEDGED EQUITY PREMIUM INCOME ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | REX | Sterling Capital |
| Strategy | covered call | covered call |
| Benchmark | Nasdaq-100 (QQQ), used as the innovation proxy | S&P 500 (SPY) |
| Pays | weekly | monthly |
| Payout rate, annualized | 24.9% | 7.1% |
| Expense ratio | 0.65% | 0.65% |
| Cash paid, 1 year | 23.4% | 5.0% (since launch on Dec 11, 2025) |
| Price change, 1 year | −10.0% | −1.6% |
| Total return, 1 year | +15.7% | +3.5% (since launch on Dec 11, 2025) |
| Benchmark return, 1 year | +21.8% | +11.7% |
| Ahead or behind | −6.1 pts | −8.2 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 1073 days | 281 days |
| Net assets | $713m | $235m |
FEPI in plain words
Over the year to Sep 18, 2026, FEPI paid 23.4% of its starting value in cash distributions while its price fell 10.0%. With every distribution reinvested, the fund returned +15.7%. Nasdaq-100 (QQQ), used as the innovation proxy returned +21.8% over the same days, so a holder was behind by 6.1 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 24.9%, paid weekly.
SCEP in plain words
Over the period since launch on Dec 11, 2025 to Sep 18, 2026, SCEP paid 5.0% of its starting value in cash distributions while its price fell 1.6%. With every distribution reinvested, the fund returned +3.5%. S&P 500 (SPY) returned +11.7% over the same days, so a holder was behind by 8.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 7.1%, paid monthly.
Questions people ask
- Which is cheaper, FEPI or SCEP?
- FEPI charges 0.65% a year and SCEP charges 0.65%, so FEPI 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.
Cite this page. ETFIQ, FEPI against SCEP, data as of Sep 18, 2026. https://etfiq.com/compare/income/fepi-vs-scep Free to use with attribution; the underlying files are at Open data.