IQQQ vs. CEPI

Last updated Jun 20, 2026

IQQQ (ProShares Nasdaq-100 High Income ETF) and CEPI (REX Crypto Equity Premium Income ETF) are both exchange-traded funds - IQQQ is a Nasdaq-100 fund tracking the Nasdaq-100 Daily Covered Call Index, while CEPI is a Cryptocurrency fund actively managed by REX. IQQQ is passively managed, while CEPI is actively managed. Over the past year, IQQQ returned 36.96% vs 35.43% for CEPI. Their correlation of 0.81 suggests significant overlap in exposure. IQQQ charges 0.55%/yr vs 0.85%/yr for CEPI.

Performance

IQQQ vs. CEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Nasdaq-100 High Income ETF (IQQQ) and REX Crypto Equity Premium Income ETF (CEPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IQQQ achieves a 17.74% return, which is significantly lower than CEPI's 24.10% return.

IQQQ

• 1D: 2.57%
• 1M: 3.68%
• YTD: 17.74%
• 6M: 17.33%
• 1Y: 36.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CEPI

• 1D: 1.46%
• 1M: 7.02%
• YTD: 24.10%
• 6M: 22.59%
• 1Y: 35.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IQQQ vs. CEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IQQQ ProShares Nasdaq-100 High Income ETF	17.74%	17.11%	-1.35%
CEPI REX Crypto Equity Premium Income ETF	24.10%	10.75%	-7.02%

Correlation

The correlation between IQQQ and CEPI is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.81

The correlation between IQQQ and CEPI has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.

Return for Risk

IQQQ vs. CEPI — Risk / Return Rank

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

IQQQ

IQQQ Risk / Return Rank: 68
IQQQ Sharpe Ratio Rank: 73
IQQQ Sortino Ratio Rank: 65
IQQQ Omega Ratio Rank: 67
IQQQ Calmar Ratio Rank: 70
IQQQ Martin Ratio Rank: 66

CEPI

CEPI Risk / Return Rank: 34
CEPI Sharpe Ratio Rank: 38
CEPI Sortino Ratio Rank: 36
CEPI Omega Ratio Rank: 38
CEPI Calmar Ratio Rank: 33
CEPI Martin Ratio Rank: 28

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.

IQQQ vs. CEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 High Income ETF (IQQQ) and REX Crypto Equity Premium Income ETF (CEPI). 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.

	IQQQ	CEPI	Difference
Sharpe ratio: Return per unit of total volatility	2.22	1.30	+0.91
Sortino ratio: Return per unit of downside risk	2.85	1.80	+1.05
Omega ratio: Gain probability vs. loss probability	1.38	1.24	+0.14
Calmar ratio: Return relative to maximum drawdown	3.34	1.58	+1.75
Martin ratio: Return relative to average drawdown	11.49	3.76	+7.73

IQQQ vs. CEPI - Sharpe Ratio Comparison

The current IQQQ Sharpe Ratio is 2.22, which is higher than the CEPI Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of IQQQ and CEPI, 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

IQQQ vs. CEPI - Drawdown Comparison

The maximum IQQQ drawdown since its inception was -20.41%, smaller than the maximum CEPI drawdown of -29.48%. Use the drawdown chart below to compare losses from any high point for IQQQ and CEPI.

Drawdown Indicators

	IQQQ	CEPI	Difference
Max Drawdown Largest peak-to-trough decline	-20.41%	-29.48%	+9.07%
Max Drawdown (1Y) Largest decline over 1 year	-11.13%	-22.47%	+11.34%
Current Drawdown Current decline from peak	-1.13%	0.00%	-1.13%
Average Drawdown Average peak-to-trough decline	-3.63%	-8.45%	+4.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.22%	9.45%	-6.23%

Volatility

IQQQ vs. CEPI - Volatility Comparison

The current volatility for ProShares Nasdaq-100 High Income ETF (IQQQ) is 7.78%, while REX Crypto Equity Premium Income ETF (CEPI) has a volatility of 8.33%. This indicates that IQQQ experiences smaller price fluctuations and is considered to be less risky than CEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IQQQ	CEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.78%	8.33%	-0.55%
Volatility (6M) Calculated over the trailing 6-month period	13.43%	21.67%	-8.24%
Volatility (1Y) Calculated over the trailing 1-year period	16.76%	27.31%	-10.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.00%	31.65%	-12.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.00%	31.65%	-12.65%

IQQQ vs. CEPI - Expense Ratio Comparison

IQQQ has a 0.55% expense ratio, which is lower than CEPI's 0.85% expense ratio.

Dividends

IQQQ vs. CEPI - Dividend Comparison

IQQQ's dividend yield for the trailing twelve months is around 4.46%, less than CEPI's 43.83% yield.

Position	TTM	2025	2024
CEPI REX Crypto Equity Premium Income ETF	43.83%	50.78%	0.00%
IQQQ ProShares Nasdaq-100 High Income ETF	4.46%	10.34%	7.27%

Frequently Asked Questions

Can I hold both IQQQ and CEPI in my portfolio?

IQQQ and CEPI have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IQQQ or CEPI?

CEPI has higher volatility (8.33%) compared to IQQQ (7.78%). In terms of maximum drawdown, IQQQ dropped -20.41% vs CEPI's -29.48%.

Which ETF is better, IQQQ or CEPI?

On 1-year performance, IQQQ leads with 36.96% vs 35.43% for CEPI. On fees, IQQQ is cheaper at 0.55% per year. On volatility, IQQQ has been the lower-risk option at 7.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IQQQ or CEPI?

Over the 1-year period, IQQQ has performed better with a 36.96% return vs 35.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IQQQ or CEPI?

IQQQ is cheaper with a 0.55% expense ratio, compared with 0.85% for CEPI.

Which ETF pays a higher dividend yield, IQQQ or CEPI?

CEPI has the higher dividend yield at 43.83%, compared with 4.46% for IQQQ.

What is the main difference between IQQQ and CEPI?

IQQQ is categorized as Nasdaq-100, while CEPI is Cryptocurrency. They also come from different issuers: ProShares and REX. Their fees differ too: 0.55% for IQQQ and 0.85% for CEPI.

Which has better risk-adjusted returns?

IQQQ currently has the higher Sharpe Ratio (2.22 vs 1.30), 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.