FTEC vs. FEPI

Last updated Jun 16, 2026

FTEC (Fidelity MSCI Information Technology Index ETF) and FEPI (REX FANG & Innovation Equity Premium Income ETF) are both exchange-traded funds - FTEC is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index, while FEPI is a Derivative Income fund actively managed by REX. FTEC is passively managed, while FEPI is actively managed. Over the past year, FTEC returned 56.15% vs 29.40% for FEPI. Their correlation of 0.89 suggests significant overlap in exposure. FTEC charges 0.08%/yr vs 0.65%/yr for FEPI.

Performance

FTEC vs. FEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Information Technology Index ETF (FTEC) and REX FANG & Innovation Equity Premium Income ETF (FEPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTEC achieves a 28.48% return, which is significantly higher than FEPI's 8.42% return.

FTEC

• 1D: 3.38%
• 1M: 6.58%
• YTD: 28.48%
• 6M: 30.07%
• 1Y: 56.15%
• 3Y*: 31.16%
• 5Y*: 21.43%
• 10Y*: 25.51%

FEPI

• 1D: 2.85%
• 1M: 1.58%
• YTD: 8.42%
• 6M: 10.88%
• 1Y: 29.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FTEC vs. FEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FTEC Fidelity MSCI Information Technology Index ETF	28.48%	22.11%	29.40%	13.71%
FEPI REX FANG & Innovation Equity Premium Income ETF	8.42%	18.33%	15.69%	11.75%

Correlation

The correlation between FTEC and FEPI is 0.84, 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	0.84
Correlation (All Time) Calculated using the full available price history since Oct 11, 2023	0.89

The correlation between FTEC and FEPI has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.

FTEC vs. FEPI - Sectors Allocation Comparison

Sectors	FTEC	FEPI
Technology	98.3%	65.5%
Industrials	0.6%	-
Financial Services	0.5%	-
Energy	0.4%	-
Communication Services	0.0%	19.6%
Consumer Cyclical	0.0%	12.4%
Basic Materials	0.0%	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

FTEC vs. FEPI — Risk / Return Rank

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

FTEC

FTEC Risk / Return Rank: 77
FTEC Sharpe Ratio Rank: 87
FTEC Sortino Ratio Rank: 79
FTEC Omega Ratio Rank: 80
FTEC Calmar Ratio Rank: 75
FTEC Martin Ratio Rank: 65

FEPI

FEPI Risk / Return Rank: 53
FEPI Sharpe Ratio Rank: 56
FEPI Sortino Ratio Rank: 51
FEPI Omega Ratio Rank: 56
FEPI Calmar Ratio Rank: 51
FEPI Martin Ratio Rank: 49

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.

FTEC vs. FEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Information Technology Index ETF (FTEC) and REX FANG & Innovation Equity Premium Income ETF (FEPI). 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.

	FTEC	FEPI	Difference
Sharpe ratio: Return per unit of total volatility	2.54	1.71	+0.83
Sortino ratio: Return per unit of downside risk	3.11	2.28	+0.83
Omega ratio: Gain probability vs. loss probability	1.42	1.31	+0.11
Calmar ratio: Return relative to maximum drawdown	3.47	2.29	+1.18
Martin ratio: Return relative to average drawdown	10.80	7.48	+3.32

FTEC vs. FEPI - Sharpe Ratio Comparison

The current FTEC Sharpe Ratio is 2.54, which is higher than the FEPI Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of FTEC and FEPI, 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

FTEC vs. FEPI - Drawdown Comparison

The maximum FTEC drawdown since its inception was -34.95%, which is greater than FEPI's maximum drawdown of -23.56%. Use the drawdown chart below to compare losses from any high point for FTEC and FEPI.

Drawdown Indicators

	FTEC	FEPI	Difference
Max Drawdown Largest peak-to-trough decline	-34.95%	-23.56%	-11.39%
Max Drawdown (1Y) Largest decline over 1 year	-16.26%	-12.91%	-3.35%
Max Drawdown (3Y) Largest decline over 3 years	-27.30%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-34.95%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.95%	—	—
Current Drawdown Current decline from peak	-4.04%	-3.24%	-0.80%
Average Drawdown Average peak-to-trough decline	-5.57%	-3.51%	-2.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.21%	3.94%	+1.27%

Volatility

FTEC vs. FEPI - Volatility Comparison

Fidelity MSCI Information Technology Index ETF (FTEC) has a higher volatility of 10.43% compared to REX FANG & Innovation Equity Premium Income ETF (FEPI) at 6.42%. This indicates that FTEC's price experiences larger fluctuations and is considered to be riskier than FEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTEC	FEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.43%	6.42%	+4.01%
Volatility (6M) Calculated over the trailing 6-month period	18.33%	13.68%	+4.65%
Volatility (1Y) Calculated over the trailing 1-year period	22.26%	17.31%	+4.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.49%	19.19%	+6.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.84%	19.19%	+5.65%

FTEC vs. FEPI - Expense Ratio Comparison

FTEC has a 0.08% expense ratio, which is lower than FEPI's 0.65% expense ratio.

Dividends

FTEC vs. FEPI - Dividend Comparison

FTEC's dividend yield for the trailing twelve months is around 0.33%, less than FEPI's 24.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEPI REX FANG & Innovation Equity Premium Income ETF	24.96%	25.48%	27.18%	4.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FTEC Fidelity MSCI Information Technology Index ETF	0.33%	0.43%	0.49%	0.77%	0.93%	0.63%	0.83%	1.03%	1.20%	0.96%	1.25%	1.27%

Frequently Asked Questions

Can I hold both FTEC and FEPI in my portfolio?

FTEC and FEPI have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTEC or FEPI?

FTEC has higher volatility (10.43%) compared to FEPI (6.42%). In terms of maximum drawdown, FTEC dropped -34.95% vs FEPI's -23.56%.

Which ETF is better, FTEC or FEPI?

On 1-year performance, FTEC leads with 56.15% vs 29.40% for FEPI. On fees, FTEC is cheaper at 0.08% per year. On volatility, FEPI has been the lower-risk option at 6.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTEC or FEPI?

Over the 1-year period, FTEC has performed better with a 56.15% return vs 29.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTEC or FEPI?

FTEC is cheaper with a 0.08% expense ratio, compared with 0.65% for FEPI.

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

FEPI has the higher dividend yield at 24.96%, compared with 0.33% for FTEC.

What is the main difference between FTEC and FEPI?

FTEC is categorized as Technology Equities, while FEPI is Derivative Income. They also come from different issuers: Fidelity and REX. Their fees differ too: 0.08% for FTEC and 0.65% for FEPI.

Which has better risk-adjusted returns?

FTEC currently has the higher Sharpe Ratio (2.54 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.