Data as of Nov 4, 2026.
FEPI vs TCAL: Dividend Yield & Total Return
Over the year to Nov 4, 2026, FEPI paid 22.1% of its price in cash against TCAL’s 11.4%, though TCAL returned more with it reinvested.
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Net assets on Nov 3, 2026: $679m for REX FANG & Innovation Equity Premium Income ETF and $324m for T. Rowe Price Capital Appreciation 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, 2026.3.4 pts behind its own stocks
TCAL over 1 year: paid 11.4%, price −1.2%, total +11.2%, its own stocks +14.6%, −3.4 pts. Data to Nov 4, 2026.
its own stocks
+14.6%
TCAL
+11.2%
11.4% of it arrived as cash
3.4 pts behind its own stocks
Total return, distributions reinvested
3.4 pts behind its own stocks
TCAL over 1 year: paid 11.4%, price −1.2%, total +11.2%, its own stocks +14.6%, −3.4 pts. Data to Nov 4, 2026.
its own stocks
+14.6%
TCAL
+11.2%
11.4% as cash
11.4% of it arrived as cash. Both charts share one scale, with zero at the line. TCAL over 1 year: paid 11.4%, price −1.2%, total +11.2%, its own stocks +14.6%, −3.4 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
TCAL costs 0.31 points a year less; their one-year returns differ by 8.3 points; FEPI is 2.1 times larger.
Points (pts) are percentage points.
| Measure | FEPI | TCAL |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +2.9% | +11.2% |
| Price change, 1 year | fell 19.3% | fell 1.2% |
| Against its benchmark | ||
| Benchmark | not published | its own stocks |
| Cost and size | ||
| Expense ratio | 0.65% | 0.34% |
| Net assets, as of Nov 3, 2026 | $679m | $324m |
| Holdings | ||
| Holdings in common | 7% | |
Risk and return
Apr 4, 2025 to Oct 30, 2026 · 82 weekly returnsFrom Apr 2025 to Oct 2026, FEPI returned more: +51.8% to +15.2%. TCAL swung less: 8.5% to 19.0%. TCAL fell less at its worst: −7.0% to −11.5%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FEPI | TCAL | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +51.8% | +15.2% | FEPI | Price change plus distributions, reinvested. |
| Annualized | +30.3% | +9.4% | FEPI | Total return as a yearly rate. |
| Price return | +3.2% | −3.8% | FEPI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.0% | 8.5% | TCAL | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.9% | 5.7% | TCAL | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −11.5% | −7.0% | TCAL | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 1.28 | 0.64 | FEPI | Return above Treasury bills per unit of volatility. |
| Sortino | 2.05 | 0.95 | FEPI | Return above Treasury bills per unit of downside deviation. |
| Calmar | 2.63 | 1.34 | FEPI | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 82 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FEPI and TCAL hold 7% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.
half
7% 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 | TCAL | FEPI | TCAL | FEPI | TCAL |
| 3 months | −1.5% | +5.3% | 6.4% | 2.6% | not measured | −1.8 pts |
| 6 months | −2.4% | +12.3% | 11.2% | 6.3% | not measured | −0.9 pts |
| 1 year | +2.9% | +11.2% | 22.1% | 11.4% | not measured | −3.5 pts |
| 3 years | +55.6% | – | 69.1% | – | not measured | – |
| Since launchNot the same days: FEPI Oct 2023 · TCAL Mar 2025 | +56.7% | +12.0% | 69.6% | 16.9% | 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.
TCAL
Over the year to Nov 4, 2026, TCAL paid 11.4% of its starting value in cash distributions while its price fell 1.2%. With every distribution reinvested, the fund returned +11.2%. TCAL's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026) returned +14.6% over the same days, so a holder was behind by 3.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 13.0%, paid monthly.
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.
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ETFIQ, FEPI against TCAL, data as of Nov 4, 2026. https://etfiq.com/compare/income/fepi-vs-tcal
ETFIQ. (Nov 4, 2026). FEPI against TCAL. Retrieved from https://etfiq.com/compare/income/fepi-vs-tcal
[FEPI against TCAL (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/fepi-vs-tcal)
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