Data as of .
FEPI vs XSPI: which paid, and which earned it?
FEPI and XSPI both write options for income.
What they hold in common
By the books each fund has filed, FEPI and XSPI hold 23% of their money in the same securities at the same weight.
| Holding | FEPI | XSPI |
|---|---|---|
| APPLE INC. | 5.14% | 7.83% |
| AMAZON.COM, INC. | 5.21% | 3.94% |
| ALPHABET INC. | 8.83% | 3.24% |
| BROADCOM INC. | 8.05% | 2.65% |
| META PLATFORMS, INC. | 5.14% | 2.25% |
| MICRON TECHNOLOGY, INC. | 8.91% | 1.75% |
| TESLA, INC. | 7.47% | 1.59% |
| ADVANCED MICRO DEVICES, INC. | 9.98% | 1.40% |
| PALANTIR TECHNOLOGIES INC. | 5.17% | 0.63% |
| NETFLIX, INC. | 5.16% | 0.48% |
| Only in FEPI | Only in XSPI |
|---|---|
| NVIDIA CORPORATION 7.76% | NVIDIA Corp 8.50% |
| INTEL CORPORATION 5.24% | Microsoft Corp 5.80% |
| MICROSOFT CORPORATION 5.19% | Alphabet Inc 2.57% |
| APPLOVIN CORPORATION 5.16% | Berkshire Hathaway Inc 1.47% |
| ORACLE CORPORATION 5.16% | JPMORGAN CHASE & CO. 1.47% |
| United States of America 2.42% | Eli Lilly & Co 1.42% |
| SPX US 10/16/26 C7500 1.39% | |
| ExxonMobil Holdings Corp 1.08% |
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 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| FEPI | XSPI | FEPI | XSPI | FEPI | XSPI | |
| 3 months | +2.9% | +3.7% | 6.0% | 4.2% | +5.4 pts | +1.4 pts |
| 6 months | +17.2% | +20.0% | 12.8% | 9.2% | −7.1 pts | +1.9 pts |
| 1 year | +15.7% | not published | 23.4% | not published | −6.1 pts | not published |
| Since launch | +69.0% | +11.6% | 66.8% | 11.1% | −28.5 pts | +0.2 pts |
| FEPI REX FANG & Innovation Equity Premium Income ETF Covered call on QQQ, paying weekly | XSPI NEOS Boosted S&P 500(R) High Income ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | REX | NEOS |
| Strategy | covered call | option income |
| Benchmark | Nasdaq-100 (QQQ), used as the innovation proxy | S&P 500 (SPY) |
| Pays | weekly | monthly |
| Payout rate, annualized | 24.9% | 17.1% |
| Expense ratio | 0.65% | 0.98% |
| Cash paid, 1 year | 23.4% | 11.1% (since launch on Feb 3, 2026) |
| Price change, 1 year | −10.0% | −0.3% |
| Total return, 1 year | +15.7% | +11.6% (since launch on Feb 3, 2026) |
| Benchmark return, 1 year | +21.8% | +11.3% |
| Ahead or behind | −6.1 pts | +0.2 pts |
| Return of capital, latest estimate | not published | 99% |
| Age | 1073 days | 227 days |
| Net assets | $713m | $113m |
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.
XSPI in plain words
Over the period since launch on Feb 3, 2026 to Sep 18, 2026, XSPI paid 11.1% of its starting value in cash distributions while its price fell 0.3%. With every distribution reinvested, the fund returned +11.6%. S&P 500 (SPY) returned +11.3% over the same days, so a holder was about even. At its price on Sep 18, 2026 the latest distribution annualizes to 17.1%, paid monthly. NEOS estimates that 99% of the distribution paid Jul 10, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which is cheaper, FEPI or XSPI?
- FEPI charges 0.65% a year and XSPI charges 0.98%, 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 XSPI, data as of Sep 18, 2026. https://etfiq.com/compare/income/fepi-vs-xspi Free to use with attribution; the underlying files are at Open data.