FEPI vs. GPIQ

Last updated Jun 23, 2026

FEPI (REX FANG & Innovation Equity Premium Income ETF) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both exchange-traded funds - FEPI is a Derivative Income fund actively managed by REX, while GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs. Both are actively managed. Over the past year, FEPI returned 25.61% vs 37.28% for GPIQ. Their correlation of 0.91 suggests significant overlap in exposure. FEPI charges 0.65%/yr vs 0.29%/yr for GPIQ.

Performance

FEPI vs. GPIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX FANG & Innovation Equity Premium Income ETF (FEPI) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEPI achieves a 6.24% return, which is significantly lower than GPIQ's 18.36% return.

FEPI

• 1D: -1.34%
• 1M: -1.69%
• YTD: 6.24%
• 6M: 6.00%
• 1Y: 25.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GPIQ

• 1D: -0.03%
• 1M: 3.05%
• YTD: 18.36%
• 6M: 17.72%
• 1Y: 37.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FEPI vs. GPIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FEPI REX FANG & Innovation Equity Premium Income ETF	6.24%	18.33%	15.69%	17.29%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	18.36%	19.77%	23.22%	15.17%

Correlation

The correlation between FEPI and GPIQ is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.91

The correlation between FEPI and GPIQ has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.

FEPI vs. GPIQ - Sectors Allocation Comparison

Sectors	FEPI	GPIQ
Technology	65.5%	58.7%
Communication Services	19.6%	14.1%
Consumer Cyclical	12.4%	11.6%
Basic Materials	-	1.0%
Consumer Defensive	-	6.4%
Energy	-	0.5%
Financial Services	-	0.2%
Healthcare	-	3.6%
Industrials	-	2.6%
Real Estate	-	0.1%
Utilities	-	1.3%

Return for Risk

FEPI vs. GPIQ — Risk / Return Rank

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

FEPI

FEPI Risk / Return Rank: 41
FEPI Sharpe Ratio Rank: 43
FEPI Sortino Ratio Rank: 40
FEPI Omega Ratio Rank: 42
FEPI Calmar Ratio Rank: 41
FEPI Martin Ratio Rank: 41

GPIQ

GPIQ Risk / Return Rank: 81
GPIQ Sharpe Ratio Rank: 82
GPIQ Sortino Ratio Rank: 78
GPIQ Omega Ratio Rank: 81
GPIQ Calmar Ratio Rank: 79
GPIQ Martin Ratio Rank: 84

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.

FEPI vs. GPIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX FANG & Innovation Equity Premium Income ETF (FEPI) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ). 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	GPIQ	Difference
Sharpe ratio: Return per unit of total volatility	1.46	2.52	-1.06
Sortino ratio: Return per unit of downside risk	1.99	3.30	-1.31
Omega ratio: Gain probability vs. loss probability	1.27	1.46	-0.19
Calmar ratio: Return relative to maximum drawdown	1.99	3.94	-1.94
Martin ratio: Return relative to average drawdown	6.43	16.68	-10.25

FEPI vs. GPIQ - Sharpe Ratio Comparison

The current FEPI Sharpe Ratio is 1.46, which is lower than the GPIQ Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of FEPI and GPIQ, 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

FEPI vs. GPIQ - Drawdown Comparison

The maximum FEPI drawdown since its inception was -23.56%, which is greater than GPIQ's maximum drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for FEPI and GPIQ.

Drawdown Indicators

	FEPI	GPIQ	Difference
Max Drawdown Largest peak-to-trough decline	-23.56%	-21.06%	-2.50%
Max Drawdown (1Y) Largest decline over 1 year	-12.91%	-9.51%	-3.40%
Current Drawdown Current decline from peak	-5.19%	-0.25%	-4.94%
Average Drawdown Average peak-to-trough decline	-3.52%	-2.27%	-1.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.99%	2.24%	+1.75%

Volatility

FEPI vs. GPIQ - Volatility Comparison

REX FANG & Innovation Equity Premium Income ETF (FEPI) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) have volatilities of 7.03% and 7.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEPI	GPIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.03%	7.10%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	13.81%	12.18%	+1.63%
Volatility (1Y) Calculated over the trailing 1-year period	17.60%	14.89%	+2.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.25%	17.79%	+1.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.25%	17.79%	+1.46%

FEPI vs. GPIQ - Expense Ratio Comparison

FEPI has a 0.65% expense ratio, which is higher than GPIQ's 0.29% expense ratio.

Dividends

FEPI vs. GPIQ - Dividend Comparison

FEPI's dividend yield for the trailing twelve months is around 26.08%, more than GPIQ's 9.32% yield.

Position	TTM	2025	2024	2023
FEPI REX FANG & Innovation Equity Premium Income ETF	26.08%	25.48%	27.18%	4.21%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	9.32%	9.81%	9.18%	1.74%

Frequently Asked Questions

Can I hold both FEPI and GPIQ in my portfolio?

FEPI and GPIQ have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEPI or GPIQ?

GPIQ has higher volatility (7.10%) compared to FEPI (7.03%). In terms of maximum drawdown, FEPI dropped -23.56% vs GPIQ's -21.06%.

Which ETF is better, FEPI or GPIQ?

On 1-year performance, GPIQ leads with 37.28% vs 25.61% for FEPI. On fees, GPIQ is cheaper at 0.29% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FEPI or GPIQ?

Over the 1-year period, GPIQ has performed better with a 37.28% return vs 25.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FEPI or GPIQ?

GPIQ is cheaper with a 0.29% expense ratio, compared with 0.65% for FEPI.

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

FEPI has the higher dividend yield at 26.08%, compared with 9.32% for GPIQ.

What is the main difference between FEPI and GPIQ?

FEPI is categorized as Derivative Income, while GPIQ is Nasdaq-100. They also come from different issuers: REX and Goldman Sachs. Their fees differ too: 0.65% for FEPI and 0.29% for GPIQ.

Which has better risk-adjusted returns?

GPIQ currently has the higher Sharpe Ratio (2.52 vs 1.46), 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.