REX FANG & Innovation Equity Premium Income ETF (FEPI) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FEPI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FEPI
FEPI charges 0.65% annually. There are 64 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 29.28M | Nov 2024 | FEPI vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 324.77M | Mar 2024 | FEPI vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.73M | Sep 2024 | FEPI vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | FEPI vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 787.43M | Jul 2024 | FEPI vs QQA |
Best Risk-Adjusted Alternatives to FEPI
FEPI has a PortfoliosLab risk / return rank of 32. There are 92 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SoFi Enhanced Yield ETF | 96 | 34.73M | Nov 2023 | FEPI vs THTA | |
| Simplify Treasury Option Income ETF | 95 | 474.96M | Oct 2022 | FEPI vs BUCK | |
| YieldMax Semiconductor Portfolio Option Income ETF | 95 | 1.16B | Apr 2025 | FEPI vs CHPY | |
| YieldMax AMD Option Income Strategy ETF | 94 | 443.39M | Sep 2023 | FEPI vs AMDY | |
| YieldMax GOOGL Option Income Strategy ETF | 93 | 246.95M | Jul 2023 | FEPI vs GOOY |
Top Performing FEPI Alternatives (YTD)
FEPI is at 4.94% YTD. There are 127 ETFs in the Derivative Income category with higher YTD returns, going as high as 192.73%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill AMD WeeklyPay ETF | 192.73% | 116.76M | Jul 2025 | FEPI vs AMDW | |
| Roundhill ARM WeeklyPay ETF | 185.60% | 27.86M | Oct 2025 | FEPI vs ARMW | |
| YieldMax AMD Option Income Strategy ETF | 113.61% | 443.39M | Sep 2023 | FEPI vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 91.45% | 127.56M | Oct 2023 | FEPI vs MRNY | |
| YieldMax Semiconductor Portfolio Option Income ETF | 74.58% | 1.16B | Apr 2025 | FEPI vs CHPY |
Lowest Volatility Alternatives to FEPI
FEPI has 18.27% 1-year volatility. There are 136 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.80%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.80% | 474.96M | Oct 2022 | FEPI vs BUCK | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.44% | 206.17M | Apr 2026 | FEPI vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.85% | 88.48M | Feb 2025 | FEPI vs HYTI | |
| Main Buywrite ETF | 4.85% | 1.26B | Dec 2015 | FEPI vs BUYW | |
| GraniteShares YieldBOOST 20Y+ Treasuries ETF | 5.05% | 726.94K | May 2026 | FEPI vs FIYY |
Lowest Drawdown Alternatives to FEPI
FEPI has a 1-year max drawdown of -12.91%. There are 89 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.84%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -0.84% | 474.96M | Oct 2022 | FEPI vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 88.48M | Feb 2025 | FEPI vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.26B | Dec 2015 | FEPI vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | FEPI vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | FEPI vs OMAH |
Other ETFs from REX
The 10 most viewed REX ETFs shown here include AIPI, NVDX, NVII and span 6 categories. AUM among these funds goes as high as $450M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| REX AI Equity Premium Income ETF | Derivative Income | 33 | 7.29% | 424.46M | Jun 2024 | FEPI vs AIPI | |
| T-REX 2X Long NVIDIA Daily Target ETF | Leveraged Equities | 18 | 9.99% | 449.88M | Oct 2023 | FEPI vs NVDX | |
| REX NVIDIA Growth & Income ETF | Derivative Income, Leveraged Equities, Options Trading | 37 | 15.17% | 106.68M | May 2025 | FEPI vs NVII | |
| REX Crypto Equity Premium Income ETF | Cryptocurrency | 23 | 17.61% | 112.35M | Dec 2024 | FEPI vs CEPI | |
| REX TSLA Growth & Income ETF | Leveraged Equities, Derivative Income | 21 | -14.59% | 40.00M | Jun 2025 | FEPI vs TSII | |
| REX Drone ETF | Aerospace & Defense | — | -3.96% | 110.10M | Oct 2025 | FEPI vs DRNZ | |
| MicroSectors Energy 3X Leveraged ETN | Leveraged Equities | 29 | 73.39% | 26.09M | Feb 2023 | FEPI vs WTIU | |
| T-REX 2X Long BMNR Daily Target ETF | Leveraged Equities | — | -80.08% | — | Sep 2025 | FEPI vs BMNU | |
| T-REX 2X Long Bitcoin Daily Target ETF | Leveraged Cryptocurrency | 1 | -56.16% | — | Jul 2024 | FEPI vs BTCL | |
| REX WMT Growth & Income ETF | Derivative Income, Leveraged Equities | — | -1.77% | 15.93M | Nov 2025 | FEPI vs WMTI |
Often Compared With FEPI
Investors most often compare FEPI with QQQI, JEPQ, QDTE. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare FEPI with Any Fund or Stock
Compare FEPI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FEPI with funds that move differently
REX FANG & Innovation Equity Premium Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FEPI.
Explore FEPI Diversifiers