LFGY vs. CEPI

Last updated Jun 23, 2026

LFGY (YieldMax Crypto Industry & Tech Portfolio Option Income ETF) and CEPI (REX Crypto Equity Premium Income ETF) are both exchange-traded funds - LFGY is a Derivative Income fund actively managed by YieldMax, while CEPI is a Cryptocurrency fund actively managed by REX. Both are actively managed. Over the past year, LFGY returned 9.36% vs 35.91% for CEPI. Their correlation of 0.89 suggests significant overlap in exposure. LFGY charges 1.02%/yr vs 0.85%/yr for CEPI.

Performance

LFGY vs. CEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Crypto Industry & Tech Portfolio Option Income ETF (LFGY) 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, LFGY achieves a 18.74% return, which is significantly lower than CEPI's 24.60% return.

LFGY

• 1D: -0.65%
• 1M: 1.27%
• YTD: 18.74%
• 6M: 12.89%
• 1Y: 9.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CEPI

• 1D: 0.40%
• 1M: 5.52%
• YTD: 24.60%
• 6M: 21.43%
• 1Y: 35.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LFGY vs. CEPI - Yearly Performance Comparison

	2026 (YTD)	2025
LFGY YieldMax Crypto Industry & Tech Portfolio Option Income ETF	18.74%	-9.35%
CEPI REX Crypto Equity Premium Income ETF	24.60%	7.55%

Correlation

The correlation between LFGY and CEPI is 0.89, 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	0.89
Correlation (All Time) Calculated using the full available price history since Jan 14, 2025	0.89

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

Return for Risk

LFGY vs. CEPI — Risk / Return Rank

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

LFGY

LFGY Risk / Return Rank: 12
LFGY Sharpe Ratio Rank: 12
LFGY Sortino Ratio Rank: 13
LFGY Omega Ratio Rank: 12
LFGY Calmar Ratio Rank: 11
LFGY Martin Ratio Rank: 11

CEPI

CEPI Risk / Return Rank: 35
CEPI Sharpe Ratio Rank: 38
CEPI Sortino Ratio Rank: 36
CEPI Omega Ratio Rank: 38
CEPI Calmar Ratio Rank: 33
CEPI 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.

LFGY vs. CEPI - Risk-Adjusted Trends Comparison

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

	LFGY	CEPI	Difference
Sharpe ratio: Return per unit of total volatility	0.24	1.32	-1.08
Sortino ratio: Return per unit of downside risk	0.60	1.82	-1.22
Omega ratio: Gain probability vs. loss probability	1.07	1.25	-0.17
Calmar ratio: Return relative to maximum drawdown	0.26	1.61	-1.34
Martin ratio: Return relative to average drawdown	0.56	3.81	-3.25

LFGY vs. CEPI - Sharpe Ratio Comparison

The current LFGY Sharpe Ratio is 0.24, which is lower than the CEPI Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of LFGY 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

LFGY vs. CEPI - Drawdown Comparison

The maximum LFGY drawdown since its inception was -35.94%, which is greater than CEPI's maximum drawdown of -29.48%. Use the drawdown chart below to compare losses from any high point for LFGY and CEPI.

Drawdown Indicators

	LFGY	CEPI	Difference
Max Drawdown Largest peak-to-trough decline	-35.94%	-29.48%	-6.46%
Max Drawdown (1Y) Largest decline over 1 year	-35.94%	-22.47%	-13.47%
Current Drawdown Current decline from peak	-9.30%	0.00%	-9.30%
Average Drawdown Average peak-to-trough decline	-13.96%	-8.43%	-5.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.62%	9.45%	+7.17%

Volatility

LFGY vs. CEPI - Volatility Comparison

YieldMax Crypto Industry & Tech Portfolio Option Income ETF (LFGY) has a higher volatility of 13.33% compared to REX Crypto Equity Premium Income ETF (CEPI) at 8.07%. This indicates that LFGY's price experiences larger fluctuations and is considered to be riskier than CEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LFGY	CEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.33%	8.07%	+5.26%
Volatility (6M) Calculated over the trailing 6-month period	31.32%	21.51%	+9.81%
Volatility (1Y) Calculated over the trailing 1-year period	38.56%	27.36%	+11.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.38%	31.61%	+10.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.38%	31.61%	+10.77%

LFGY vs. CEPI - Expense Ratio Comparison

LFGY has a 1.02% expense ratio, which is higher than CEPI's 0.85% expense ratio.

Dividends

LFGY vs. CEPI - Dividend Comparison

LFGY's dividend yield for the trailing twelve months is around 79.45%, more than CEPI's 43.65% yield.

Position	TTM	2025
CEPI REX Crypto Equity Premium Income ETF	43.65%	50.78%
LFGY YieldMax Crypto Industry & Tech Portfolio Option Income ETF	79.45%	94.90%

Frequently Asked Questions

Can I hold both LFGY and CEPI in my portfolio?

LFGY and CEPI have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LFGY or CEPI?

LFGY has higher volatility (13.33%) compared to CEPI (8.07%). In terms of maximum drawdown, LFGY dropped -35.94% vs CEPI's -29.48%.

Which ETF is better, LFGY or CEPI?

On 1-year performance, CEPI leads with 35.91% vs 9.36% for LFGY. On fees, CEPI is cheaper at 0.85% per year. On volatility, CEPI has been the lower-risk option at 8.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LFGY or CEPI?

Over the 1-year period, CEPI has performed better with a 35.91% return vs 9.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LFGY or CEPI?

CEPI is cheaper with a 0.85% expense ratio, compared with 1.02% for LFGY.

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

LFGY has the higher dividend yield at 79.45%, compared with 43.65% for CEPI.

What is the main difference between LFGY and CEPI?

LFGY is categorized as Derivative Income, while CEPI is Cryptocurrency. They also come from different issuers: YieldMax and REX. Their fees differ too: 1.02% for LFGY and 0.85% for CEPI.

Which has better risk-adjusted returns?

CEPI currently has the higher Sharpe Ratio (1.32 vs 0.24), 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.