Which paid more, FEPI or SPUT?

Over the year to Nov 4, 2026, FEPI paid 22.1% of its starting price in cash and SPUT paid 4.8%, 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 +2.9% and SPUT +10.7% over the year to Nov 4, 2026.

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.

Data as of Nov 4, 2026.

Income ETFs

FEPI vs SPUT: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, FEPI paid 22.1% of its price in cash against SPUT’s 4.8%, though SPUT 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 $17m on Nov 4, 2026 for Innovator Equity Premium Income - Daily PutWrite ETF.

FEPI on its own →SPUT on its own →

At a glance

22.1%

FEPI cash paid, 1 year

4.8%

SPUT cash paid, 1 year

+2.9%

FEPI total return, 1 year

+10.7%

SPUT total return, 1 year

FEPI · 1 year to Nov 4, 2026 Not measured

FEPI

+2.9%

none

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.

SPUT · 1 year to Nov 4, 2026 4.1 pts behind SPY

SPUT

+10.7%

SPY

+14.8%

4.1 pts behind SPY

SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

SPUT

+10.7%

4.8% of it arrived as cash

4.1 pts behind SPY

Total return, distributions reinvested

4.1 pts behind SPY

SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

SPUT

+10.7%

4.1 pts behind SPY

4.8% of it arrived as cash. Both charts share one scale, with zero at the line. SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

FEPI costs 0.14 points a year less; their one-year returns differ by 7.8 points; FEPI is far larger, $679m against $17m.

Points (pts) are percentage points.

FEPI vs SPUT: Dividend Yield & Total Return
Measure	FEPI	SPUT
Paid and earned
Measure	FEPI	SPUT
Total return, 1 year	+2.9%	+10.7%
Price change, 1 year	fell 19.3%	rose 5.7%
Return of capital, issuer estimate		58% of the Nov 2, 2026 payment
Against its benchmark
Measure	FEPI	SPUT
Benchmark	not published	S&P 500, measured through SPY
Cost and size
Measure	FEPI	SPUT
Expense ratio	0.65%	0.79%
Net assets, as of Nov 3, 2026	$679m	$17m
Holdings
Measure	FEPI	SPUT
Holdings in common	19%

Method

What they share

19%

By the books each fund has filed, FEPI and SPUT hold 19% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

50%

0 half 100%

half

19% in common

Positions both hold · largest shared weight first FEPI SPUT

NVIDIA CORPORATION 6.68% 3.71%

APPLE INC. 6.90% 3.50%

MICROSOFT CORPORATION 4.23% 2.70%

AMAZON.COM, INC. 4.21% 2.06%

ALPHABET INC. 7.00% 1.64%

BROADCOM INC. 6.95% 1.43%

META PLATFORMS, INC. 4.25% 0.97%

TESLA, INC. 4.22% 0.82%

MICRON TECHNOLOGY, INC. 5.88% 0.74%

ADVANCED MICRO DEVICES, INC. 6.04% 0.61%

INTEL CORPORATION 4.10% 0.32%

NETFLIX, INC. 4.21% 0.24%

Only in one fund ↓

Only in FEPI

Only in SPUT

Alphabet Inc 1.43%

Eli Lilly & Co 0.77%

JPMorgan Chase & Co 0.75%

Berkshire Hathaway Inc 0.56%

ExxonMobil Holdings Corp 0.51%

Johnson & Johnson 0.49%

Visa Inc 0.49%

Walmart Inc 0.38%

Check overlap with more funds →

Side by side

FEPI REX FANG & Innovation Equity Premium Income ETF · Covered call, paying weekly SPUT Innovator Equity Premium Income - Daily PutWrite ETF · Sells puts on the S&P 500, paying monthly

Issuer REX Innovator

Strategy covered call put-selling overlay

Benchmark none S&P 500 (SPY)

Pays weekly monthly

Payout rate, annualized 24.9% 3.6%

Expense ratio 0.65% 0.79%

Cash paid, 1 year 22.1% 4.8%

Price change, 1 year −19.3% +5.7%

Total return, 1 year +2.9% +10.7%

Benchmark return, 1 year not published +14.8%

Ahead or behind not available −4.1 pts

Return of capital, latest estimate not published 58%

Age 3.1 years 1.6 years

Net assets, FEPI as of Nov 3, 2026 and SPUT as of Nov 4, 2026 $679m $17m

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

Window by window: FEPI vs SPUT: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	FEPI	SPUT	FEPI	SPUT	FEPI	SPUT
3 months	−1.5%	+0.9%	6.4%	1.0%	not measured	+1.0 pts
6 months	−2.4%	+3.4%	11.2%	1.9%	not measured	−1.6 pts
1 year	+2.9%	+10.7%	22.1%	4.8%	not measured	−4.0 pts
3 years	+55.6%	–	69.1%	–	not measured	–
Since launchNot the same days: FEPI Oct 2023 · SPUT Mar 2025	+56.7%	+23.3%	69.6%	9.1%	not measured	−15.6 pts

– means no data for this window. Open this comparison in the app →

Alert

About each fund

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.

SPUT

Over the year to Nov 4, 2026, SPUT paid 4.8% of its starting value in cash distributions while its price rose 5.7%. With every distribution reinvested, the fund returned +10.7%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 4.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 3.6%, paid monthly. Innovator estimates that 58% of the distribution paid Nov 2, 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 SPUT?: Over the year to Nov 4, 2026, FEPI paid 22.1% of its starting price in cash and SPUT paid 4.8%, 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 +2.9% and SPUT +10.7% over the year to Nov 4, 2026.
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

FEPI vs SPIN FEPI vs TPRY FEPI vs ROCY FEPI vs FTHI SPUT vs YYY SPUT vs SIXH SPUT vs ULTY SPUT vs SDVD

Where to next

S&P 500 (SPY) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →FEPI on its own →SPUT on its own →FEPI dividend history →FEPI holdings →SPUT dividend history →SPUT holdings →Method →Standards and sources →

Sources and dates

FEPI filings on SEC EDGAR ↗

FEPI prospectus with the expense ratio (SEC) ↗

REX page for FEPI ↗

SPUT filings on SEC EDGAR ↗

SPUT prospectus with the expense ratio (SEC) ↗

SPUT 19a-1 distribution notice ↗

Innovator page for SPUT ↗

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 SPUT, data as of Nov 4, 2026. https://etfiq.com/compare/income/fepi-vs-sput

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