- Issuer
- REX
- Inception Date
- Oct 11, 2023
- Category
- Derivative Income, Technology Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $679M
Share Price Chart
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Performance
FEPI Performance Chart
REX FANG & Innovation Equity Premium Income ETF (FEPI) is up 6.2% since the beginning of the year. FEPI is currently trading at $44 per share.
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Returns By Period
REX FANG & Innovation Equity Premium Income ETF (FEPI) has returned 6.24% so far this year and 25.61% over the past 12 months.
REX FANG & Innovation Equity Premium Income ETF
- 1D
- -1.34%
- 1M
- -1.69%
- YTD
- 6.24%
- 6M
- 6.00%
- 1Y
- 25.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FEPI Monthly Returns History
Based on dividend-adjusted daily data since Oct 11, 2023, FEPI's average daily return is +0.08%, while the average monthly return is +1.58%. At this rate, an investment would double in approximately 3.7 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2026 with a return of +10.9%, while the worst month was Mar 2025 at -6.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FEPI closed higher 60% of trading days. The best single day was Apr 9, 2025 with a return of +9.9%, while the worst single day was Apr 4, 2025 at -6.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.78% | -3.57% | -2.01% | 10.92% | 8.84% | -5.19% | 6.24% | ||||||
| 2025 | 0.64% | -5.50% | -6.05% | 1.87% | 6.13% | 7.78% | 2.32% | 1.63% | 5.47% | 5.55% | -3.20% | 1.41% | 18.33% |
| 2024 | 1.98% | 3.86% | 0.94% | -4.72% | 5.28% | 4.68% | -3.18% | 0.06% | 3.09% | 0.13% | 4.03% | -0.95% | 15.69% |
| 2023 | -3.41% | 10.03% | 5.14% | 11.75% |
Benchmark Metrics
REX FANG & Innovation Equity Premium Income ETF has an annualized alpha of -3.73%, beta of 1.12, and R2 of 0.80 versus S&P 500 Index. Calculated based on daily prices since October 11, 2023.
- This ETF participated in 104.42% of S&P 500 Index downside but only 94.08% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -3.73% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.12 and R2 of 0.80, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -3.73%
- Beta
- 1.12
- R²
- 0.80
- Upside Capture
- 94.08%
- Downside Capture
- 104.42%
Expense Ratio
FEPI has an expense ratio of 0.65%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FEPI ranks 41 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for REX FANG & Innovation Equity Premium Income ETF (FEPI) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FEPI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.37 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 2.78 | -0.79 |
| Martin ratioReturn relative to average drawdown | 6.43 | 12.44 | -6.01 |
Dividends
Dividend History
REX FANG & Innovation Equity Premium Income ETF provided a 26.08% dividend yield over the last twelve months, with an annual payout of $11.37 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $11.37 | $11.61 | $13.49 | $2.33 |
Dividend yield | 26.08% | 25.48% | 27.18% | 4.21% |
Monthly Dividends
The table displays the monthly dividend distributions for REX FANG & Innovation Equity Premium Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.95 | $0.88 | $0.87 | $0.90 | $0.22 | $0.65 | $4.48 | ||||||
| 2025 | $1.05 | $0.98 | $0.94 | $0.82 | $0.93 | $0.96 | $0.97 | $0.98 | $1.00 | $1.04 | $0.96 | $0.98 | $11.61 |
| 2024 | $1.20 | $1.19 | $1.19 | $1.09 | $1.16 | $1.15 | $1.09 | $1.08 | $1.09 | $1.08 | $1.10 | $1.08 | $13.49 |
| 2023 | $1.15 | $1.18 | $2.33 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the REX FANG & Innovation Equity Premium Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the REX FANG & Innovation Equity Premium Income ETF was 23.56%, occurring on Apr 8, 2025. Recovery took 56 trading sessions.
The current REX FANG & Innovation Equity Premium Income ETF drawdown is 5.19%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -23.56%Apr 2025 | 4mo | 2mo 23d | 6mo 23dDec 2024 - Jun 2025 |
2024 correction2024 | -14.17%Aug 2024 | 25d | 3mo 3d | 3mo 28dJul 2024 - Nov 2024 |
2026 correction2026 | -12.91%Mar 2026 | 5mo 1d | 25d | 5mo 26dOct 2025 - Apr 2026 |
2024 pullback2024 | -7.41%Apr 2024 | 17d | 26d | 1mo 13dApr 2024 - May 2024 |
2026 pullback2026 | -7.05%Jun 2026 | 9d | — | 22d 10hJun 2026 - now |
Drawdown Indicators
| FEPI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.56% | -56.78% | +33.22% |
Max Drawdown (1Y)Largest decline over 1 year | -12.91% | -9.10% | -3.81% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -5.19% | -1.80% | -3.39% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -10.71% | +7.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.99% | 2.03% | +1.96% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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