IWFH vs. FEPI

Last updated Jun 27, 2026

IWFH (iShares Virtual Work and Life Multisector ETF) and FEPI (REX FANG & Innovation Equity Premium Income ETF) are both exchange-traded funds - IWFH is a Technology Equities fund tracking the NYSE FactSet Global Virtual Work and Life Index, while FEPI is a Derivative Income fund actively managed by REX. IWFH is passively managed, while FEPI is actively managed. At a 0.27 correlation, their price movements are largely independent. IWFH charges 0.47%/yr vs 0.65%/yr for FEPI.

Performance

IWFH vs. FEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Virtual Work and Life Multisector ETF (IWFH) and REX FANG & Innovation Equity Premium Income ETF (FEPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IWFH

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FEPI

• 1D: -0.50%
• 1M: -7.20%
• YTD: 1.96%
• 6M: 1.18%
• 1Y: 16.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IWFH vs. FEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IWFH iShares Virtual Work and Life Multisector ETF	0.00%	0.00%	-7.41%	13.22%
FEPI REX FANG & Innovation Equity Premium Income ETF	1.96%	18.33%	15.69%	11.75%

Correlation

The correlation between IWFH and FEPI is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 11, 2023	0.27

IWFH vs. FEPI - Sectors Allocation Comparison

Sectors	IWFH	FEPI
Technology	43.2%	65.5%
Communication Services	31.6%	19.6%
Consumer Cyclical	9.9%	12.4%
Healthcare	9.1%	-
Consumer Defensive	6.3%	-
Basic Materials	-	-
Energy	-	-
Financial Services	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

IWFH vs. FEPI — Risk / Return Rank

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

IWFH

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FEPI

FEPI Risk / Return Rank: 26
FEPI Sharpe Ratio Rank: 26
FEPI Sortino Ratio Rank: 25
FEPI Omega Ratio Rank: 26
FEPI Calmar Ratio Rank: 27
FEPI Martin Ratio Rank: 29

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.

IWFH vs. FEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Virtual Work and Life Multisector ETF (IWFH) 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.

	IWFH	FEPI	Difference
Sharpe ratio: Return per unit of total volatility	—	0.91	—
Sortino ratio: Return per unit of downside risk	—	1.31	—
Omega ratio: Gain probability vs. loss probability	—	1.17	—
Calmar ratio: Return relative to maximum drawdown	—	1.26	—
Martin ratio: Return relative to average drawdown	—	3.92	—

Drawdowns

Drawdown Indicators

	IWFH	FEPI	Difference
Max Drawdown Largest peak-to-trough decline	—	-23.56%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-12.91%	—
Current Drawdown Current decline from peak	—	-9.01%	—
Average Drawdown Average peak-to-trough decline	—	-3.55%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.14%	—

Volatility

Volatility by Period

	IWFH	FEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.43%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.93%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	17.78%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	19.30%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	19.30%	—

IWFH vs. FEPI - Expense Ratio Comparison

IWFH has a 0.47% expense ratio, which is lower than FEPI's 0.65% expense ratio.

Dividends

IWFH vs. FEPI - Dividend Comparison

IWFH has not paid dividends to shareholders, while FEPI's dividend yield for the trailing twelve months is around 25.49%.

Position	TTM	2025	2024	2023	2022	2021	2020
FEPI REX FANG & Innovation Equity Premium Income ETF	25.49%	25.48%	27.18%	4.21%	0.00%	0.00%	0.00%
IWFH iShares Virtual Work and Life Multisector ETF	0.00%	0.00%	0.05%	1.83%	0.31%	0.00%	0.18%

Frequently Asked Questions

Can I hold both IWFH and FEPI in my portfolio?

IWFH and FEPI have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IWFH or FEPI?

On fees, IWFH is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IWFH or FEPI?

IWFH is cheaper with a 0.47% expense ratio, compared with 0.65% for FEPI.

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

FEPI has the higher dividend yield at 25.49%, compared with 0.00% for IWFH.

What is the main difference between IWFH and FEPI?

IWFH is categorized as Technology Equities, while FEPI is Derivative Income. They also come from different issuers: iShares and REX. Their fees differ too: 0.47% for IWFH and 0.65% for FEPI.