FEPI vs. FIVY

Last updated Aug 4, 2026

FEPI (REX FANG & Innovation Equity Premium Income ETF) and FIVY (YieldMax Dorsey Wright Hybrid 5 Income ETF) are both Derivative Income funds. FEPI is actively managed, while FIVY is passively managed. Their 0.72 correlation means they have sometimes moved together and sometimes differently. FEPI charges 0.65%/yr vs 0.88%/yr for FIVY.

Performance

FEPI vs. FIVY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX FANG & Innovation Equity Premium Income ETF (FEPI) and YieldMax Dorsey Wright Hybrid 5 Income ETF (FIVY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FEPI

• 1D: 1.33%
• 1M: -1.93%
• 6M: 2.65%
• YTD: 1.10%
• 1Y: 13.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.78%

FIVY

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FEPI REX FANG & Innovation Equity Premium Income ETF	$8.05M	$8.48M	$9.46M

FEPI vs. FIVY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FEPI REX FANG & Innovation Equity Premium Income ETF	1.10%	18.33%	-3.05%
FIVY YieldMax Dorsey Wright Hybrid 5 Income ETF	-6.12%	-1.07%	-10.55%

Correlation

The correlation between FEPI and FIVY is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.66
Correlation (All Time) Calculated using the full available price history since Dec 17, 2024	0.72

The correlation between FEPI and FIVY has been stable across timeframes, ranging from 0.66 to 0.72 - a consistent structural relationship.

FEPI vs. FIVY - Sectors Allocation Comparison

Sectors	FEPI	FIVY
Technology	67.1%	20.5%
Communication Services	19.2%	9.9%
Consumer Cyclical	13.7%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	60.9%
Healthcare	-	8.0%
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

FEPI vs. FIVY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FEPI

FEPI Risk / Return Rank: 30
FEPI Sharpe Ratio Rank: 30
FEPI Sortino Ratio Rank: 29
FEPI Omega Ratio Rank: 29
FEPI Calmar Ratio Rank: 28
FEPI Martin Ratio Rank: 31

FIVY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FEPI vs. FIVY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX FANG & Innovation Equity Premium Income ETF (FEPI) and YieldMax Dorsey Wright Hybrid 5 Income ETF (FIVY). 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.

	FEPI	FIVY	Difference
Sharpe ratio: Return per unit of total volatility	0.72	—	—
Sortino ratio: Return per unit of downside risk	1.10	—	—
Omega ratio: Gain probability vs. loss probability	1.14	—	—
Calmar ratio: Return relative to maximum drawdown	0.94	—	—
Martin ratio: Return relative to average drawdown	2.79	—	—

Drawdowns

Drawdown Indicators

	FEPI	FIVY	Difference
Max Drawdown Largest peak-to-trough decline	-23.56%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-14.96%	—	—
Current Drawdown Current decline from peak	-9.77%	—	—
Average Drawdown Average peak-to-trough decline	-3.74%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	5.02%	—	—

Volatility

Volatility by Period

	FEPI	FIVY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.78%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.43%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.58%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.58%	—	—

FEPI vs. FIVY - Expense Ratio Comparison

FEPI has a 0.65% expense ratio, which is lower than FIVY's 0.88% expense ratio.

Dividends

FEPI vs. FIVY - Dividend Comparison

FEPI's dividend yield for the trailing twelve months is around 26.43%, while FIVY has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
FEPI REX FANG & Innovation Equity Premium Income ETF	26.43%	25.48%	27.18%	4.21%
FIVY YieldMax Dorsey Wright Hybrid 5 Income ETF	43.42%	46.51%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FEPI and FIVY in my portfolio?

FEPI and FIVY have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FEPI or FIVY?

On fees, FEPI is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FEPI or FIVY?

FEPI is cheaper with a 0.65% expense ratio, compared with 0.88% for FIVY.

Which ETF pays a higher dividend yield, FEPI or FIVY?

FIVY has the higher dividend yield at 43.42%, compared with 26.43% for FEPI.

What is the main difference between FEPI and FIVY?

They also come from different issuers: REX and YieldMax. Their fees differ too: 0.65% for FEPI and 0.88% for FIVY.