GPTY vs. FEPI

Last updated Jun 4, 2026

GPTY (YieldMax AI & Tech Portfolio Option Income ETF) and FEPI (REX FANG & Innovation Equity Premium Income ETF) are both exchange-traded funds - GPTY is a Derivative Income fund actively managed by YieldMax, while FEPI is a Technology Equities fund actively managed by REX. Both are actively managed. Over the past year, GPTY returned 55.13% vs 33.15% for FEPI. Their correlation of 0.85 suggests significant overlap in exposure. GPTY charges 0.99%/yr vs 0.65%/yr for FEPI.

Performance

GPTY vs. FEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax AI & Tech Portfolio Option Income ETF (GPTY) 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, GPTY achieves a 36.39% return, which is significantly higher than FEPI's 10.42% return.

GPTY

• 1D: -1.40%
• 1M: 19.04%
• YTD: 36.39%
• 6M: 32.30%
• 1Y: 55.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FEPI

• 1D: -0.75%
• 1M: 5.91%
• YTD: 10.42%
• 6M: 11.37%
• 1Y: 33.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GPTY vs. FEPI - Yearly Performance Comparison

	2026 (YTD)	2025
GPTY YieldMax AI & Tech Portfolio Option Income ETF	36.39%	17.15%
FEPI REX FANG & Innovation Equity Premium Income ETF	10.42%	15.47%

Correlation

The correlation between GPTY and FEPI is 0.81, 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	0.81
Correlation (All Time) Calculated using the full available price history since Jan 24, 2025	0.85

The correlation between GPTY and FEPI has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.

GPTY vs. FEPI - Sectors Allocation Comparison

Sectors	GPTY	FEPI
Technology	77.9%	62.1%
Communication Services	10.4%	24.9%
Consumer Cyclical	7.6%	13.0%
Financial Services	4.1%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

GPTY vs. FEPI — Risk / Return Rank

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

GPTY

GPTY Risk / Return Rank: 60
GPTY Sharpe Ratio Rank: 70
GPTY Sortino Ratio Rank: 62
GPTY Omega Ratio Rank: 64
GPTY Calmar Ratio Rank: 57
GPTY Martin Ratio Rank: 46

FEPI

FEPI Risk / Return Rank: 54
FEPI Sharpe Ratio Rank: 58
FEPI Sortino Ratio Rank: 54
FEPI Omega Ratio Rank: 58
FEPI Calmar Ratio Rank: 51
FEPI Martin Ratio Rank: 51

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.

GPTY vs. FEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax AI & Tech Portfolio Option Income ETF (GPTY) 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.

	GPTY	FEPI	Difference
Sharpe ratio Return per unit of total volatility	2.33	2.02	+0.31
Sortino ratio Return per unit of downside risk	2.98	2.67	+0.30
Omega ratio Gain probability vs. loss probability	1.39	1.36	+0.03
Calmar ratio Return relative to maximum drawdown	2.87	2.58	+0.29
Martin ratio Return relative to average drawdown	7.65	8.66	-1.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GPTY vs. FEPI - Sharpe Ratio Comparison

The current GPTY Sharpe Ratio is 2.33, which is comparable to the FEPI Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of GPTY 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.

Sharpe Ratios by Period

	GPTY	FEPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	2.02	+0.31
Sharpe Ratio (All Time) Calculated using the full available price history	1.44	1.16	+0.28

Drawdowns

GPTY vs. FEPI - Drawdown Comparison

The maximum GPTY drawdown since its inception was -26.62%, which is greater than FEPI's maximum drawdown of -23.56%. Use the drawdown chart below to compare losses from any high point for GPTY and FEPI.

Drawdown Indicators

	GPTY	FEPI	Difference
Max Drawdown Largest peak-to-trough decline	-26.62%	-23.56%	-3.06%
Max Drawdown (1Y) Largest decline over 1 year	-19.32%	-12.91%	-6.41%
Current Drawdown Current decline from peak	-1.40%	-1.45%	+0.05%
Average Drawdown Average peak-to-trough decline	-6.52%	-3.51%	-3.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.23%	3.84%	+3.39%

Volatility

GPTY vs. FEPI - Volatility Comparison

YieldMax AI & Tech Portfolio Option Income ETF (GPTY) has a higher volatility of 7.41% compared to REX FANG & Innovation Equity Premium Income ETF (FEPI) at 3.31%. This indicates that GPTY'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

	GPTY	FEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.41%	3.31%	+4.10%
Volatility (6M) Calculated over the trailing 6-month period	18.19%	12.58%	+5.61%
Volatility (1Y) Calculated over the trailing 1-year period	23.95%	16.54%	+7.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.85%	19.02%	+9.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.85%	19.02%	+9.83%

GPTY vs. FEPI - Expense Ratio Comparison

GPTY has a 0.99% expense ratio, which is higher than FEPI's 0.65% expense ratio.

Dividends

GPTY vs. FEPI - Dividend Comparison

GPTY's dividend yield for the trailing twelve months is around 32.54%, more than FEPI's 23.92% yield.

Position	TTM	2025	2024	2023
FEPI REX FANG & Innovation Equity Premium Income ETF	23.92%	25.48%	27.18%	4.21%
GPTY YieldMax AI & Tech Portfolio Option Income ETF	32.54%	34.23%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GPTY and FEPI in my portfolio?

GPTY and FEPI have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GPTY or FEPI?

GPTY has higher volatility (7.41%) compared to FEPI (3.31%). In terms of maximum drawdown, GPTY dropped -26.62% vs FEPI's -23.56%.

Which ETF is better, GPTY or FEPI?

On 1-year performance, GPTY leads with 55.13% vs 33.15% for FEPI. On fees, FEPI is cheaper at 0.65% per year. On volatility, FEPI has been the lower-risk option at 3.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GPTY or FEPI?

Over the 1-year period, GPTY has performed better with a 55.13% return vs 33.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GPTY or FEPI?

FEPI is cheaper with a 0.65% expense ratio, compared with 0.99% for GPTY.

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

GPTY has the higher dividend yield at 32.54%, compared with 23.92% for FEPI.

What is the main difference between GPTY and FEPI?

GPTY is categorized as Derivative Income, while FEPI is Technology Equities. They also come from different issuers: YieldMax and REX. Their fees differ too: 0.99% for GPTY and 0.65% for FEPI.

Which has better risk-adjusted returns?

GPTY currently has the higher Sharpe Ratio (2.33 vs 2.02), 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.