FEPI vs. SGOV
FEPI (REX FANG & Innovation Equity Premium Income ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - FEPI is a Derivative Income fund actively managed by REX, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. FEPI is actively managed, while SGOV is passively managed. Over the past year, FEPI returned 29.40% vs 3.93% for SGOV. At a 0.00 correlation, their price movements are largely independent. FEPI charges 0.65%/yr vs 0.09%/yr for SGOV.
Performance
FEPI vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, FEPI achieves a 8.42% return, which is significantly higher than SGOV's 1.63% return.
FEPI
- 1D
- 2.85%
- 1M
- 1.58%
- YTD
- 8.42%
- 6M
- 10.88%
- 1Y
- 29.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SGOV
- 1D
- 0.02%
- 1M
- 0.28%
- YTD
- 1.63%
- 6M
- 1.80%
- 1Y
- 3.93%
- 3Y*
- 4.69%
- 5Y*
- 3.56%
- 10Y*
- —
FEPI vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FEPI REX FANG & Innovation Equity Premium Income ETF | 8.42% | 18.33% | 15.69% | 11.75% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.63% | 4.24% | 5.27% | 1.22% |
Correlation
The correlation between FEPI and SGOV is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2023 | 0.00 |
The correlation between FEPI and SGOV shifts across timeframes, from -0.11 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FEPI vs. SGOV — Risk / Return Rank
FEPI
SGOV
FEPI vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for REX FANG & Innovation Equity Premium Income ETF (FEPI) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.62 | ||
| Sortino ratioReturn per unit of downside risk | -271.99 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 194.55 | -193.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 396.11 | -393.82 |
| Martin ratioReturn relative to average drawdown | 7.48 | 4,438.60 | -4,431.12 |
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Drawdowns
FEPI vs. SGOV - Drawdown Comparison
The maximum FEPI drawdown since its inception was -23.56%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for FEPI and SGOV.
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Drawdown Indicators
| FEPI | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.56% | -0.03% | -23.53% |
Max Drawdown (1Y)Largest decline over 1 year | -12.91% | -0.01% | -12.90% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.01% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.03% | — |
Current DrawdownCurrent decline from peak | -3.24% | 0.00% | -3.24% |
Average DrawdownAverage peak-to-trough decline | -3.51% | -0.00% | -3.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 0.00% | +3.94% |
Volatility
FEPI vs. SGOV - Volatility Comparison
REX FANG & Innovation Equity Premium Income ETF (FEPI) has a higher volatility of 6.42% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that FEPI's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEPI | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.42% | 0.05% | +6.37% |
Volatility (6M)Calculated over the trailing 6-month period | 13.68% | 0.13% | +13.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.31% | 0.19% | +17.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.19% | 0.24% | +18.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.19% | 0.24% | +18.95% |
FEPI vs. SGOV - Expense Ratio Comparison
FEPI has a 0.65% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
FEPI vs. SGOV - Dividend Comparison
FEPI's dividend yield for the trailing twelve months is around 24.96%, more than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FEPI REX FANG & Innovation Equity Premium Income ETF | 24.96% | 25.48% | 27.18% | 4.21% | 0.00% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Frequently Asked Questions
FEPI and SGOV have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FEPI has higher volatility (6.42%) compared to SGOV (0.05%). In terms of maximum drawdown, FEPI dropped -23.56% vs SGOV's -0.03%.
On 1-year performance, FEPI leads with 29.40% vs 3.93% for SGOV. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FEPI has performed better with a 29.40% return vs 3.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOV is cheaper with a 0.09% expense ratio, compared with 0.65% for FEPI.
FEPI has the higher dividend yield at 24.96%, compared with 3.85% for SGOV.
FEPI is categorized as Derivative Income, while SGOV is Ultrashort Bond. They also come from different issuers: REX and iShares. Their fees differ too: 0.65% for FEPI and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.33 vs 1.71), 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.
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