Data as of Nov 4, 2026.
FEPI vs SEPI: Dividend Yield & Total Return
Over the year to Nov 4, 2026, FEPI paid 22.1% of its price in cash against SEPI’s 8.9%, though SEPI returned more with it reinvested.
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Net assets: $679m on Nov 3, 2026 for REX FANG & Innovation Equity Premium Income ETF, and $152m on Jun 30, 2026 for Shelton 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% 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% 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, 2026.3.1 pts ahead of SPY
SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.
SPY
+14.8%
SEPI
+17.9%
8.9% of it arrived as cash
3.1 pts ahead of SPY
Total return, distributions reinvested
3.1 pts ahead of SPY
SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.
SPY
+14.8%
SEPI
+17.9%
8.9% cash
3.1 pts ahead of SPY
8.9% of it arrived as cash. Both charts share one scale, with zero at the line. SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
SEPI costs 0.11 points a year less; their one-year returns differ by 15.0 points.
Points (pts) are percentage points.
| Measure | FEPI | SEPI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +2.9% | +17.9% |
| Price change, 1 year | fell 19.3% | rose 8.3% |
| Against its benchmark | ||
| Benchmark | not published | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.65% | 0.54% |
| Net assets, FEPI as of Nov 3, 2026 and SEPI as of Jun 30, 2026 | $679m | $152m |
| Holdings | ||
| Holdings in common | 41% | |
Risk and return
Sep 19, 2025 to Oct 30, 2026 · 58 weekly returnsFrom Sep 2025 to Oct 2026, SEPI returned more: +18.9% to +7.1%. SEPI swung less: 10.2% to 19.0%. SEPI fell less at its worst: −6.6% to −11.5%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FEPI | SEPI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +7.1% | +18.9% | SEPI | Price change plus distributions, reinvested. |
| Annualized | +6.3% | +16.8% | SEPI | Total return as a yearly rate. |
| Price return | −19.1% | +8.5% | SEPI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.0% | 10.2% | SEPI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.7% | 5.8% | SEPI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −11.5% | −6.6% | SEPI | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.22 | 1.20 | SEPI | Return above Treasury bills per unit of volatility. |
| Sortino | 0.30 | 2.13 | SEPI | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.55 | 2.54 | SEPI | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 58 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FEPI and SEPI hold 41% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.
half
41% 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 | SEPI | FEPI | SEPI | FEPI | SEPI |
| 3 months | −1.5% | −0.1% | 6.4% | 2.1% | not measured | 0.0 pts |
| 6 months | −2.4% | +6.8% | 11.2% | 4.4% | not measured | +1.8 pts |
| 1 year | +2.9% | +17.9% | 22.1% | 8.9% | not measured | +3.1 pts |
| 3 years | +55.6% | – | 69.1% | – | not measured | – |
| Since launchNot the same days: FEPI Oct 2023 · SEPI Sep 2025 | +56.7% | +23.5% | 69.6% | 10.0% | not measured | +3.7 pts |
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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.
SEPI
Over the year to Nov 4, 2026, SEPI paid 8.9% of its starting value in cash distributions while its price rose 8.3%. With every distribution reinvested, the fund returned +17.9%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was ahead by 3.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.5%, paid monthly. Shelton estimates that 99% of the distribution paid Sep 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
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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 SEPI, data as of Nov 4, 2026. https://etfiq.com/compare/income/fepi-vs-sepi
ETFIQ. (Nov 4, 2026). FEPI against SEPI. Retrieved from https://etfiq.com/compare/income/fepi-vs-sepi
[FEPI against SEPI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/fepi-vs-sepi)
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