Which is cheaper, WEPN or XLYI?

WEPN charges 1.11% a year and XLYI charges 0.35%, so XLYI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

WEPN vs XLYI: Dividend Yield & Total Return

WEPN and XLYI both write options for income.

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Net assets: $6.1m on Jul 31, 2026 for Nicholas Defense and Rare Earth Income ETF, and $46m on Nov 3, 2026 for State Street Consumer Discretionary Select Sector SPDR Premium Income ETF.

WEPN on its own →XLYI on its own →

At a glance

7.4%

WEPN cash paid, since launch, Mar 3, 2026

13.4%

XLYI cash paid, 1 year

−17.8%

WEPN total return, since launch, Mar 3, 2026

+1.5%

XLYI total return, 1 year

WEPN · since launch to Nov 4, 2026 Not measured

WEPN

−17.8%

none

Not measured

WEPN since launch: paid 7.4%, price −24.4%, total −17.8%, not measured against a benchmark. Data to Nov 4, 2026.

WEPN

−17.8%

Total return, distributions reinvested

Not measured

WEPN since launch: paid 7.4%, price −24.4%, total −17.8%, not measured against a benchmark. Data to Nov 4, 2026.

WEPN

−17.8%

7.4% of it arrived as cash. Total return, distributions reinvested. WEPN since launch: paid 7.4%, price −24.4%, total −17.8%, not measured against a benchmark. Data to Nov 4, 2026.

Data to Nov 4, 2026.

XLYI · 1 year to Nov 4, 2026 2.1 pts behind XLY

XLYI

+1.5%

XLY

+3.6%

2.1 pts behind XLY

XLYI over 1 year: paid 13.4%, price −12.2%, total +1.5%, XLY +3.6%, −2.1 pts. Data to Nov 4, 2026.

XLY

+3.6%

XLYI

+1.5%

2.1 pts behind XLY

Total return, distributions reinvested

2.1 pts behind XLY

XLYI over 1 year: paid 13.4%, price −12.2%, total +1.5%, XLY +3.6%, −2.1 pts. Data to Nov 4, 2026.

XLY

+3.6%

XLYI

+1.5%

2.1 pts behind XLY

13.4% of it arrived as cash. Both charts share one scale, with zero at the line. XLYI over 1 year: paid 13.4%, price −12.2%, total +1.5%, XLY +3.6%, −2.1 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

XLYI costs 0.76 points a year less.

Points (pts) are percentage points.

WEPN vs XLYI: Dividend Yield & Total Return
Measure	WEPN	XLYI
Paid and earned
Measure	WEPN	XLYI
Total return, 1 year	not published	+1.5%
Price change	fell 16.9% (6 months)	fell 12.2% (1 year)
Return of capital, issuer estimate	100% of the Oct 28, 2026 payment	100% of the Nov 5, 2026 payment
Against its benchmark
Measure	WEPN	XLYI
Benchmark	its own holdings	Consumer discretionary, measured through XLY
Against its benchmark, same days	behind by 5.9 pts	behind by 2.1 pts
Cost and size
Measure	WEPN	XLYI
Expense ratio	1.11%	0.35%
Net assets, WEPN as of Jul 31, 2026 and XLYI as of Nov 3, 2026	$6.1m	$46m
Holdings
Measure	WEPN	XLYI
Holdings in common	0%

Method

What they share

By the books each fund has filed, WEPN and XLYI hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first WEPN XLYI

Only in one fund ↓

Only in WEPN

Palo Alto Networks Inc 9.96%

Crowdstrike Holdings Inc 8.97%

Invesco DB Base Metals Fund 7.15%

SPACEX 6.32%

VanEck Steel ETF 4.75%

RTX Corp 4.58%

Axon Enterprise Inc 4.17%

Lockheed Martin Corp 3.86%

Only in XLYI

STATE STREET CONSUMER DISCRETI 103.77%

STATE STREET CONSUMER DISCRETI NOV26 121 CALL -0.01%

STATE STREET CONSUMER DISCRETI NOV26 118.5 CALL -0.02%

STATE STREET CONSUMER DISCRETI NOV26 119.5 CALL -0.02%

STATE STREET CONSUMER DISCRETI NOV26 119 CALL -0.02%

STATE STREET CONSUMER DISCRETI NOV26 116 CALL -0.04%

STATE STREET CONSUMER DISCRETI NOV26 117 CALL -0.06%

STATE STREET CONSUMER DISCRETI NOV26 114 CALL -3.67%

Check overlap with more funds →

Side by side

WEPN Nicholas Defense and Rare Earth Income ETF · Option income on its own holdings, paying weekly XLYI State Street Consumer Discretionary Select Sector SPDR Premium Income ETF · Covered call on XLY, paying monthly

Issuer Nicholas State Street

Strategy option income covered call

Benchmark WEPN's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Jul 31, 2026) Consumer discretionary (XLY)

Pays weekly monthly

Payout rate, annualized 13.1% 17.6%

Expense ratio 1.11% 0.35%

Cash paid, 1 year 7.4% (since launch, Mar 3, 2026) 13.4%

Price change, 1 year −24.4% (since launch, Mar 3, 2026) −12.2%

Total return, 1 year −17.8% (since launch, Mar 3, 2026) +1.5%

Benchmark return, 1 year not published +3.6%

Ahead or behind not available −2.1 pts

Return of capital, latest estimate 100% 100%

Age 246 days 1.3 years

Net assets, WEPN as of Jul 31, 2026 and XLYI as of Nov 3, 2026 $6.1m $46m

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: WEPN vs XLYI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	WEPN	XLYI	WEPN	XLYI	WEPN	XLYI
3 months	−12.2%	−0.2%	2.9%	3.3%	−4.0 pts	−3.5 pts
6 months	−11.8%	+1.2%	5.8%	6.6%	−5.9 pts	−1.3 pts
1 year	–	+1.5%	–	13.4%	–	−2.1 pts
Since launchNot the same days: WEPN Mar 2026 · XLYI Jul 2025	−17.8%	+7.9%	7.4%	17.7%	not measured	−2.8 pts

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Alert

About each fund

WEPN

WEPN's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Jul 31, 2026) returned −5.9% over the same days, so a holder was behind by 5.9 pts.

Over the 6 months to Nov 4, 2026, WEPN paid 5.8% of its starting value in cash distributions while its price fell 16.9%. With every distribution reinvested, the fund returned −11.8%. At its price on Nov 4, 2026 the latest distribution annualizes to 13.1%, paid weekly. Nicholas estimates that 100% of the distribution paid Oct 28, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

XLYI

Over the year to Nov 4, 2026, XLYI paid 13.4% of its starting value in cash distributions while its price fell 12.2%. With every distribution reinvested, the fund returned +1.5%. Consumer discretionary (XLY) returned +3.6% over the same days, so a holder was behind by 2.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 17.6%, paid monthly. State Street estimates that 100% of the distribution paid Nov 5, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which is cheaper, WEPN or XLYI?: WEPN charges 1.11% a year and XLYI charges 0.35%, so XLYI is cheaper. Fees come from each fund's prospectus.

Other comparisons

WEPN vs XLEI WEPN vs XLBI WEPN vs NUKX WEPN vs MDST XLYI vs NUKX XLYI vs EIPI XLYI vs BIOY XLYI vs FINY

Where to next

Consumer discretionary (XLY) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →WEPN on its own →XLYI on its own →WEPN dividend history →WEPN holdings →XLYI dividend history →XLYI holdings →Method →Standards and sources →

Sources and dates

WEPN filings on SEC EDGAR ↗

WEPN prospectus with the expense ratio (SEC) ↗

WEPN 19a-1 distribution notice ↗

Nicholas website ↗

XLYI filings on SEC EDGAR ↗

XLYI prospectus with the expense ratio (SEC) ↗

XLYI 19a-1 distribution notice ↗

State Street website ↗

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, WEPN against XLYI, data as of Nov 4, 2026. https://etfiq.com/compare/income/wepn-vs-xlyi

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