Data as of .
FEPI vs SPUT: which paid, and which earned it?
Over the year FEPI paid 23.4% of its price in cash against SPUT’s 5.2%, and returned more with it reinvested.
ETFIQ Return Stability Score: SPUT scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 173 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
What they hold in common
By the books each fund has filed, FEPI and SPUT hold 19% of their money in the same securities at the same weight.
| Holding | FEPI | SPUT |
|---|---|---|
| NVIDIA CORPORATION | 7.76% | 3.85% |
| APPLE INC. | 5.14% | 3.22% |
| MICROSOFT CORPORATION | 5.19% | 2.47% |
| AMAZON.COM, INC. | 5.21% | 2.09% |
| ALPHABET INC. | 8.83% | 1.84% |
| BROADCOM INC. | 8.05% | 1.60% |
| META PLATFORMS, INC. | 5.14% | 1.10% |
| TESLA, INC. | 7.47% | 0.91% |
| MICRON TECHNOLOGY, INC. | 8.91% | 0.48% |
| ADVANCED MICRO DEVICES, INC. | 9.98% | 0.47% |
| NETFLIX, INC. | 5.16% | 0.35% |
| INTEL CORPORATION | 5.24% | 0.34% |
| Only in FEPI | Only in SPUT |
|---|---|
| United States of America 2.42% | TREASURY BILL 49.24% |
| Alphabet Inc 1.59% | |
| JPMorgan Chase & Co 0.70% | |
| Eli Lilly & Co 0.65% | |
| Exxon Mobil Corp 0.54% | |
| Berkshire Hathaway Inc 0.54% | |
| Walmart Inc 0.47% | |
| Visa Inc 0.46% |
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.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| FEPI | SPUT | FEPI | SPUT | FEPI | SPUT | |
| 3 months | +2.9% | +2.4% | 6.0% | 1.1% | +5.4 pts | +0.1 pts |
| 6 months | +17.2% | +11.5% | 12.8% | 2.5% | −7.1 pts | −6.5 pts |
| 1 year | +15.7% | +11.5% | 23.4% | 5.2% | −6.1 pts | −5.1 pts |
| Since launch | +69.0% | +22.4% | 66.8% | 8.5% | −28.5 pts | −15.6 pts |
| FEPI REX FANG & Innovation Equity Premium Income ETF Covered call on QQQ, paying weekly | SPUT Innovator Equity Premium Income - Daily PutWrite ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | REX | Innovator |
| Strategy | covered call | covered call |
| Benchmark | Nasdaq-100 (QQQ), used as the innovation proxy | S&P 500 (SPY), used as a default proxy |
| Pays | weekly | monthly |
| Payout rate, annualized | 24.9% | 4.7% |
| Expense ratio | 0.65% | 0.79% |
| Cash paid, 1 year | 23.4% | 5.2% |
| Price change, 1 year | −10.0% | +6.0% |
| Total return, 1 year | +15.7% | +11.5% |
| Benchmark return, 1 year | +21.8% | +16.6% |
| Ahead or behind | −6.1 pts | −5.1 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 1073 days | 553 days |
| Net assets | $713m | $17m |
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.
SPUT in plain words
Over the year to Sep 18, 2026, SPUT paid 5.2% of its starting value in cash distributions while its price rose 6.0%. With every distribution reinvested, the fund returned +11.5%. S&P 500 (SPY), used as a default proxy returned +16.6% over the same days, so a holder was behind by 5.1 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 4.7%, paid monthly.
Questions people ask
- Which paid more, FEPI or SPUT?
- Over the year to Sep 18, 2026, FEPI paid 23.4% of its starting price in cash and SPUT paid 5.2%, 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 SPUT?
- With every distribution reinvested, FEPI returned +15.7% and SPUT returned +11.5% over the year to Sep 18, 2026, so FEPI returned more.
- Which is cheaper, FEPI or SPUT?
- FEPI charges 0.65% a year and SPUT charges 0.79%, 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 SPUT, data as of Sep 18, 2026. https://etfiq.com/compare/income/fepi-vs-sput Free to use with attribution; the underlying files are at Open data.