Data as of Nov 4, 2026.
FEPI vs SCEP: Dividend Yield & Total Return
FEPI and SCEP both write options for income.
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Net assets: $679m on Nov 3, 2026 for REX FANG & Innovation Equity Premium Income ETF, and $235m on Jun 30, 2026 for STERLING CAPITAL HEDGED EQUITY PREMIUM INCOME 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% of it arrived 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% cash
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.Not measured
SCEP since launch: paid 6.1%, price −1.0%, total +5.3%, not measured against a benchmark. Data to Nov 4, 2026.
SCEP
+5.3%
6.1% of it arrived as cash
Total return, distributions reinvested
Not measured
SCEP since launch: paid 6.1%, price −1.0%, total +5.3%, not measured against a benchmark. Data to Nov 4, 2026.
SCEP
+5.3%
6.1% as cash
6.1% of it arrived as cash. Both charts share one scale, with zero at the line. SCEP since launch: paid 6.1%, price −1.0%, total +5.3%, not measured against a benchmark. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
Both cost 0.65% a year.
Points (pts) are percentage points.
| Measure | FEPI | SCEP |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +2.9% | not published |
| Price change | fell 19.3% (1 year) | fell 1.1% (6 months) |
| Return of capital, issuer estimate | 100% of the Oct 5, 2026 payment | |
| Against its benchmark | ||
| Benchmark | not published | its own stocks |
| Cost and size | ||
| Expense ratio | 0.65% | 0.65% |
| Net assets, FEPI as of Nov 3, 2026 and SCEP as of Jun 30, 2026 | $679m | $235m |
| Holdings | ||
| Holdings in common | 37% | |
What they share
By the books each fund has filed, FEPI and SCEP hold 37% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.
half
37% 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 | SCEP | FEPI | SCEP | FEPI | SCEP |
| 3 months | −1.5% | −1.2% | 6.4% | 1.7% | not measured | +0.8 pts |
| 6 months | −2.4% | +2.4% | 11.2% | 3.5% | not measured | +0.4 pts |
| 1 year | +2.9% | – | 22.1% | – | not measured | – |
| 3 years | +55.6% | – | 69.1% | – | not measured | – |
| Since launchNot the same days: FEPI Oct 2023 · SCEP Dec 2025 | +56.7% | +5.3% | 69.6% | 6.1% | not measured | not measured |
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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.
SCEP's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026) returned +2.1% over the same days, so a holder was about even.
Over the 6 months to Nov 4, 2026, SCEP paid 3.5% of its starting value in cash distributions while its price fell 1.1%. With every distribution reinvested, the fund returned +2.4%. At its price on Nov 4, 2026 the latest distribution annualizes to 7.0%, paid monthly. Sterling Capital estimates that 100% of the distribution paid Oct 5, 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 SCEP, data as of Nov 4, 2026. https://etfiq.com/compare/income/fepi-vs-scep
ETFIQ. (Nov 4, 2026). FEPI against SCEP. Retrieved from https://etfiq.com/compare/income/fepi-vs-scep
[FEPI against SCEP (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/fepi-vs-scep)
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