FEPI vs. LQTI

Last updated Jun 24, 2026

FEPI (REX FANG & Innovation Equity Premium Income ETF) and LQTI (FT Vest Investment Grade & Target Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, FEPI returned 20.65% vs 4.91% for LQTI. At a 0.18 correlation, their price movements are largely independent. Both charge a 0.65% expense ratio.

Performance

FEPI vs. LQTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX FANG & Innovation Equity Premium Income ETF (FEPI) and FT Vest Investment Grade & Target Income ETF (LQTI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEPI achieves a 3.07% return, which is significantly higher than LQTI's 0.47% return.

FEPI

• 1D: -2.98%
• 1M: -4.62%
• YTD: 3.07%
• 6M: 2.27%
• 1Y: 20.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LQTI

• 1D: 0.16%
• 1M: 0.54%
• YTD: 0.47%
• 6M: 1.08%
• 1Y: 4.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FEPI vs. LQTI - Yearly Performance Comparison

	2026 (YTD)	2025
FEPI REX FANG & Innovation Equity Premium Income ETF	3.07%	16.25%
LQTI FT Vest Investment Grade & Target Income ETF	0.47%	6.59%

Correlation

The correlation between FEPI and LQTI is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	0.18

Return for Risk

FEPI vs. LQTI — Risk / Return Rank

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

FEPI

FEPI Risk / Return Rank: 33
FEPI Sharpe Ratio Rank: 33
FEPI Sortino Ratio Rank: 31
FEPI Omega Ratio Rank: 33
FEPI Calmar Ratio Rank: 33
FEPI Martin Ratio Rank: 35

LQTI

LQTI Risk / Return Rank: 29
LQTI Sharpe Ratio Rank: 28
LQTI Sortino Ratio Rank: 27
LQTI Omega Ratio Rank: 25
LQTI Calmar Ratio Rank: 31
LQTI Martin Ratio Rank: 32

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. LQTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX FANG & Innovation Equity Premium Income ETF (FEPI) and FT Vest Investment Grade & Target Income ETF (LQTI). 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	LQTI	Difference
Sharpe ratio: Return per unit of total volatility	1.16	0.97	+0.20
Sortino ratio: Return per unit of downside risk	1.62	1.41	+0.21
Omega ratio: Gain probability vs. loss probability	1.22	1.17	+0.05
Calmar ratio: Return relative to maximum drawdown	1.61	1.45	+0.16
Martin ratio: Return relative to average drawdown	5.15	4.30	+0.85

FEPI vs. LQTI - Sharpe Ratio Comparison

The current FEPI Sharpe Ratio is 1.16, which is comparable to the LQTI Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of FEPI and LQTI, 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. LQTI - Drawdown Comparison

The maximum FEPI drawdown since its inception was -23.56%, which is greater than LQTI's maximum drawdown of -3.41%. Use the drawdown chart below to compare losses from any high point for FEPI and LQTI.

Drawdown Indicators

	FEPI	LQTI	Difference
Max Drawdown Largest peak-to-trough decline	-23.56%	-3.41%	-20.15%
Max Drawdown (1Y) Largest decline over 1 year	-12.91%	-3.41%	-9.50%
Current Drawdown Current decline from peak	-8.01%	-1.13%	-6.88%
Average Drawdown Average peak-to-trough decline	-3.53%	-0.90%	-2.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.02%	1.15%	+2.87%

Volatility

FEPI vs. LQTI - Volatility Comparison

REX FANG & Innovation Equity Premium Income ETF (FEPI) has a higher volatility of 7.58% compared to FT Vest Investment Grade & Target Income ETF (LQTI) at 1.54%. This indicates that FEPI's price experiences larger fluctuations and is considered to be riskier than LQTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEPI	LQTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.58%	1.54%	+6.04%
Volatility (6M) Calculated over the trailing 6-month period	14.01%	4.13%	+9.88%
Volatility (1Y) Calculated over the trailing 1-year period	17.84%	5.11%	+12.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.33%	5.94%	+13.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.33%	5.94%	+13.39%

FEPI vs. LQTI - Expense Ratio Comparison

Both FEPI and LQTI have an expense ratio of 0.65%.

Dividends

FEPI vs. LQTI - Dividend Comparison

FEPI's dividend yield for the trailing twelve months is around 26.88%, more than LQTI's 9.08% yield.

Position	TTM	2025	2024	2023
FEPI REX FANG & Innovation Equity Premium Income ETF	26.88%	25.48%	27.18%	4.21%
LQTI FT Vest Investment Grade & Target Income ETF	9.08%	7.01%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FEPI and LQTI in my portfolio?

FEPI and LQTI have a correlation of 0.21, 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 LQTI?

FEPI has higher volatility (7.58%) compared to LQTI (1.54%). In terms of maximum drawdown, FEPI dropped -23.56% vs LQTI's -3.41%.

Which ETF is better, FEPI or LQTI?

On 1-year performance, FEPI leads with 20.65% vs 4.91% for LQTI. Both ETFs have the same 0.65% expense ratio. On volatility, LQTI has been the lower-risk option at 1.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FEPI or LQTI?

Over the 1-year period, FEPI has performed better with a 20.65% return vs 4.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FEPI or LQTI?

FEPI and LQTI have the same expense ratio: 0.65% per year.

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

FEPI has the higher dividend yield at 26.88%, compared with 9.08% for LQTI.

What is the main difference between FEPI and LQTI?

They also come from different issuers: REX and FT Vest.

Which has better risk-adjusted returns?

FEPI currently has the higher Sharpe Ratio (1.16 vs 0.97), 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.