AIPI vs. EIPI

Last updated Jun 26, 2026

AIPI (REX AI Equity Premium Income ETF) and EIPI (FT Energy Income Partners Enhanced Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, AIPI returned 15.40% vs 21.82% for EIPI. At a 0.16 correlation, their price movements are largely independent. AIPI charges 0.65%/yr vs 1.11%/yr for EIPI.

Performance

AIPI vs. EIPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX AI Equity Premium Income ETF (AIPI) and FT Energy Income Partners Enhanced Income ETF (EIPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIPI achieves a 3.64% return, which is significantly lower than EIPI's 14.60% return.

AIPI

• 1D: -0.75%
• 1M: -4.73%
• YTD: 3.64%
• 6M: 2.49%
• 1Y: 15.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EIPI

• 1D: 1.05%
• 1M: -1.65%
• YTD: 14.60%
• 6M: 15.24%
• 1Y: 21.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIPI vs. EIPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AIPI REX AI Equity Premium Income ETF	3.64%	16.38%	15.79%
EIPI FT Energy Income Partners Enhanced Income ETF	14.60%	12.38%	11.36%

Correlation

The correlation between AIPI and EIPI is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.05
Correlation (All Time) Calculated using the full available price history since Jun 4, 2024	0.16

The correlation between AIPI and EIPI shifts across timeframes, from -0.05 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.

AIPI vs. EIPI - Sectors Allocation Comparison

Sectors	AIPI	EIPI
Technology	93.0%	-
Communication Services	4.7%	-
Consumer Cyclical	2.3%	-
Basic Materials	-	0.7%
Consumer Defensive	-	-
Energy	-	63.2%
Financial Services	-	-
Healthcare	-	-
Industrials	-	4.9%
Real Estate	-	-
Utilities	-	31.3%

Return for Risk

AIPI vs. EIPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIPI

AIPI Risk / Return Rank: 26
AIPI Sharpe Ratio Rank: 28
AIPI Sortino Ratio Rank: 26
AIPI Omega Ratio Rank: 27
AIPI Calmar Ratio Rank: 24
AIPI Martin Ratio Rank: 26

EIPI

EIPI Risk / Return Rank: 82
EIPI Sharpe Ratio Rank: 81
EIPI Sortino Ratio Rank: 85
EIPI Omega Ratio Rank: 74
EIPI Calmar Ratio Rank: 88
EIPI Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIPI vs. EIPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX AI Equity Premium Income ETF (AIPI) and FT Energy Income Partners Enhanced Income ETF (EIPI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	AIPI	EIPI	Difference
Sharpe ratio: Return per unit of total volatility	0.92	2.25	-1.33
Sortino ratio: Return per unit of downside risk	1.30	3.32	-2.01
Omega ratio: Gain probability vs. loss probability	1.17	1.38	-0.21
Calmar ratio: Return relative to maximum drawdown	1.07	4.59	-3.52
Martin ratio: Return relative to average drawdown	3.25	14.29	-11.04

AIPI vs. EIPI - Sharpe Ratio Comparison

The current AIPI Sharpe Ratio is 0.92, which is lower than the EIPI Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of AIPI and EIPI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AIPI vs. EIPI - Drawdown Comparison

The maximum AIPI drawdown since its inception was -25.25%, which is greater than EIPI's maximum drawdown of -12.33%. Use the drawdown chart below to compare losses from any high point for AIPI and EIPI.

Drawdown Indicators

	AIPI	EIPI	Difference
Max Drawdown Largest peak-to-trough decline	-25.25%	-12.33%	-12.92%
Max Drawdown (1Y) Largest decline over 1 year	-14.40%	-4.77%	-9.63%
Current Drawdown Current decline from peak	-7.12%	-2.57%	-4.55%
Average Drawdown Average peak-to-trough decline	-4.64%	-1.70%	-2.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.75%	1.53%	+3.22%

Volatility

AIPI vs. EIPI - Volatility Comparison

REX AI Equity Premium Income ETF (AIPI) has a higher volatility of 6.21% compared to FT Energy Income Partners Enhanced Income ETF (EIPI) at 3.66%. This indicates that AIPI's price experiences larger fluctuations and is considered to be riskier than EIPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIPI	EIPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.21%	3.66%	+2.55%
Volatility (6M) Calculated over the trailing 6-month period	13.60%	7.52%	+6.08%
Volatility (1Y) Calculated over the trailing 1-year period	16.79%	9.77%	+7.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.46%	13.04%	+8.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.46%	13.04%	+8.42%

AIPI vs. EIPI - Expense Ratio Comparison

AIPI has a 0.65% expense ratio, which is lower than EIPI's 1.11% expense ratio.

Dividends

AIPI vs. EIPI - Dividend Comparison

AIPI's dividend yield for the trailing twelve months is around 36.46%, more than EIPI's 7.39% yield.

Position	TTM	2025	2024
AIPI REX AI Equity Premium Income ETF	36.46%	37.84%	18.13%
EIPI FT Energy Income Partners Enhanced Income ETF	7.39%	9.71%	6.31%

Frequently Asked Questions

Can I hold both AIPI and EIPI in my portfolio?

AIPI and EIPI have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIPI or EIPI?

AIPI has higher volatility (6.21%) compared to EIPI (3.66%). In terms of maximum drawdown, AIPI dropped -25.25% vs EIPI's -12.33%.

Which ETF is better, AIPI or EIPI?

On 1-year performance, EIPI leads with 21.82% vs 15.40% for AIPI. On fees, AIPI is cheaper at 0.65% per year. On volatility, EIPI has been the lower-risk option at 3.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AIPI or EIPI?

Over the 1-year period, EIPI has performed better with a 21.82% return vs 15.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AIPI or EIPI?

AIPI is cheaper with a 0.65% expense ratio, compared with 1.11% for EIPI.

Which ETF pays a higher dividend yield, AIPI or EIPI?

AIPI has the higher dividend yield at 36.46%, compared with 7.39% for EIPI.

What is the main difference between AIPI and EIPI?

They also come from different issuers: REX and First Trust. Their fees differ too: 0.65% for AIPI and 1.11% for EIPI.

Which has better risk-adjusted returns?

EIPI currently has the higher Sharpe Ratio (2.25 vs 0.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.