Which paid more, FEPI or YMAG?

Over the year to Nov 4, 2026, FEPI paid 22.1% of its starting price in cash and YMAG paid 33.4%, so YMAG 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 YMAG?

With every distribution reinvested, FEPI returned +2.9% and YMAG +5.8% over the year to Nov 4, 2026.

Which is cheaper, FEPI or YMAG?

FEPI charges 0.65% a year and YMAG charges 1.34%, so FEPI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

FEPI vs YMAG: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, YMAG paid 33.4% of its price in cash against FEPI’s 22.1%, and 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 $268m for YieldMax Magnificent 7 Fund of Option Income ETFs.

FEPI on its own →YMAG on its own →

At a glance

22.1%

FEPI cash paid, 1 year

33.4%

YMAG cash paid, 1 year

+2.9%

FEPI total return, 1 year

+5.8%

YMAG 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% of it arrived 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.

YMAG · 1 year to Nov 4, 2026 1.2 pts ahead of its own holdings

YMAG

+5.8%

Own

+4.6%

1.2 pts ahead of its own holdings

YMAG over 1 year: paid 33.4%, price −29.4%, total +5.8%, its own holdings +4.6%, +1.2 pts. Data to Nov 4, 2026.

its own holdings

+4.6%

YMAG

+5.8%

33.4% of it arrived as cash

1.2 pts ahead of its own holdings

Total return, distributions reinvested

1.2 pts ahead of its own holdings

YMAG over 1 year: paid 33.4%, price −29.4%, total +5.8%, its own holdings +4.6%, +1.2 pts. Data to Nov 4, 2026.

its own holdings

+4.6%

YMAG

+5.8%

33.4% as cash

33.4% of it arrived as cash. Both charts share one scale, with zero at the line. YMAG over 1 year: paid 33.4%, price −29.4%, total +5.8%, its own holdings +4.6%, +1.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

FEPI costs 0.69 points a year less; their one-year returns differ by 2.9 points; FEPI is 2.5 times larger.

Points (pts) are percentage points.

FEPI vs YMAG: Dividend Yield & Total Return
Measure	FEPI	YMAG
Paid and earned
Measure	FEPI	YMAG
Total return, 1 year	+2.9%	+5.8%
Price change, 1 year	fell 19.3%	fell 29.4%
Return of capital, issuer estimate		11% of the Nov 5, 2026 payment
Against its benchmark
Measure	FEPI	YMAG
Benchmark	not published	its own holdings
Cost and size
Measure	FEPI	YMAG
Expense ratio	0.65%	1.34%
Net assets, as of Nov 3, 2026	$679m	$268m
Holdings
Measure	FEPI	YMAG
Holdings in common	0%

Method

Risk and return

Feb 9, 2024 to Oct 30, 2026 · 142 weekly returns

FEPI YMAG

Return

Total return edge YMAG +33.5% +59.6%

Annualized edge YMAG +11.2% +18.7%

Price return edge FEPI −32.5% −48.9%

Risk

Volatility edge Tie 19.5% 19.5%

Max drawdown edge FEPI (slight) −22.7% −23.7%

Risk-adjusted

Sharpe edge YMAG 0.42 0.75

Sortino edge YMAG 0.58 1.13

Calmar edge YMAG 0.49 0.79

Reading

From Feb 2024 to Oct 2026, YMAG returned more: +59.6% to +33.5%. FEPI and YMAG swung about the same: 19.5% and 19.5%. FEPI fell slightly less at its worst: −22.7% to −23.7%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: FEPI vs YMAG: Dividend Yield & Total Return
Measure	FEPI	YMAG	Edge	How it is measured
Return
Total return	+33.5%	+59.6%	YMAG	Price change plus distributions, reinvested.
Annualized	+11.2%	+18.7%	YMAG	Total return as a yearly rate.
Price return	−32.5%	−48.9%	FEPI	Price change alone, distributions left out.
Risk
Volatility	19.5%	19.5%	Tie	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	14.1%	13.0%	YMAG (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−22.7%	−23.7%	FEPI (slight)	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.42	0.75	YMAG	Return above Treasury bills per unit of volatility.
Sortino	0.58	1.13	YMAG	Return above Treasury bills per unit of downside deviation.
Calmar	0.49	0.79	YMAG	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 142 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, FEPI and YMAG hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 4, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first FEPI YMAG

Only in one fund ↓

Only in FEPI

ALPHABET INC. 7.00%

BROADCOM INC. 6.95%

APPLE INC. 6.90%

NVIDIA CORPORATION 6.68%

ADVANCED MICRO DEVICES, INC. 6.04%

MICRON TECHNOLOGY, INC. 5.88%

META PLATFORMS, INC. 4.25%

MICROSOFT CORPORATION 4.23%

Only in YMAG

YieldMax MSFT Option Income Strategy ETF 15.10%

YieldMax AAPL Option Income Strategy ETF 15.04%

YieldMax Amzn Option Income ETF 14.92%

YieldMax Tsla Option Income ETF 14.83%

YieldMax NVDA Option Income Strategy ETF 13.66%

YieldMax Meta Option Income Strategy ETF 13.26%

YieldMax GOOGL Option Income Strategy ETF 12.23%

Check overlap with more funds →

Side by side

FEPI REX FANG & Innovation Equity Premium Income ETF · Covered call, paying weekly YMAG YieldMax Magnificent 7 Fund of Option Income ETFs · Synthetic covered call on its own holdings, paying weekly

Issuer REX YieldMax

Strategy covered call synthetic covered call

Benchmark none YMAG's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Nov 2, 2026)

Pays weekly weekly

Payout rate, annualized 24.9% 31.4%

Expense ratio 0.65% 1.34%

Cash paid, 1 year 22.1% 33.4%

Price change, 1 year −19.3% −29.4%

Total return, 1 year +2.9% +5.8%

Benchmark return, 1 year not published +4.6%

Ahead or behind not available +1.2 pts

Return of capital, latest estimate not published 11%

Age 3.1 years 2.8 years

Net assets, as of Nov 3, 2026 $679m $268m

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 YMAG: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	FEPI	YMAG	FEPI	YMAG	FEPI	YMAG
3 months	−1.5%	+3.3%	6.4%	9.1%	not measured	+0.3 pts
6 months	−2.4%	+1.9%	11.2%	18.1%	not measured	−0.2 pts
1 year	+2.9%	+5.8%	22.1%	33.4%	not measured	+1.2 pts
3 years	+55.6%	–	69.1%	–	not measured	–
Since launchNot the same days: FEPI Oct 2023 · YMAG Jan 2024	+56.7%	+70.3%	69.6%	91.7%	not measured	not measured

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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.

YMAG

Over the year to Nov 4, 2026, YMAG paid 33.4% of its starting value in cash distributions while its price fell 29.4%. With every distribution reinvested, the fund returned +5.8%. YMAG's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Nov 2, 2026) returned +4.6% over the same days, so a holder was ahead by 1.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 31.4%, paid weekly. YieldMax estimates that 11% of the distribution paid Nov 5, 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 YMAG?: Over the year to Nov 4, 2026, FEPI paid 22.1% of its starting price in cash and YMAG paid 33.4%, so YMAG 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 YMAG?: With every distribution reinvested, FEPI returned +2.9% and YMAG +5.8% over the year to Nov 4, 2026.
Which is cheaper, FEPI or YMAG?: FEPI charges 0.65% a year and YMAG charges 1.34%, so FEPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

FEPI vs ULTY FEPI vs KYLD FEPI vs ODTE FEPI vs YMAX YMAG vs YYY YMAG vs QDTE YMAG vs SDVD YMAG vs OVL

Where to next

All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →FEPI on its own →YMAG on its own →FEPI dividend history →FEPI holdings →YMAG dividend history →YMAG holdings →Method →Standards and sources →

Sources and dates

FEPI filings on SEC EDGAR ↗

FEPI prospectus with the expense ratio (SEC) ↗

REX page for FEPI ↗

YMAG filings on SEC EDGAR ↗

YMAG prospectus with the expense ratio (SEC) ↗

YMAG 19a-1 distribution notice ↗

YieldMax page for YMAG ↗

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

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