METW vs. FEPI

Last updated Apr 1, 2026

Compare and contrast key facts about Roundhill Meta Weeklypay ETF (METW) and REX FANG & Innovation Equity Premium Income ETF (FEPI).

METW and FEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. METW is a passively managed fund by Roundhill that tracks the performance of the Ball Metaverse Index. It was launched on Jun 30, 2021. FEPI is an actively managed fund by REX. It was launched on Oct 11, 2023.

Performance

METW vs. FEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Meta Weeklypay ETF (METW) and REX FANG & Innovation Equity Premium Income ETF (FEPI). The values are adjusted to include any dividend payments, if applicable.

METW vs. FEPI - Yearly Performance Comparison

	2026 (YTD)	2025
METW Roundhill Meta Weeklypay ETF	-16.89%	-8.20%
FEPI REX FANG & Innovation Equity Premium Income ETF	-7.19%	17.82%

Returns By Period

In the year-to-date period, METW achieves a -16.89% return, which is significantly lower than FEPI's -7.19% return.

METW

• 1D: 8.09%
• 1M: -14.38%
• YTD: -16.89%
• 6M: -28.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FEPI

• 1D: 4.04%
• 1M: -2.01%
• YTD: -7.19%
• 6M: -3.83%
• 1Y: 22.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

METW vs. FEPI - Expense Ratio Comparison

METW has a 0.59% expense ratio, which is lower than FEPI's 0.65% expense ratio.

FEPI

REX FANG & Innovation Equity Premium Income ETF

METW

Roundhill Meta Weeklypay ETF

Return for Risk

METW vs. FEPI — Risk / Return Rank

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

FEPI

FEPI Risk / Return Rank: 65
FEPI Sharpe Ratio Rank: 63
FEPI Sortino Ratio Rank: 65
FEPI Omega Ratio Rank: 65
FEPI Calmar Ratio Rank: 72
FEPI Martin Ratio Rank: 61

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.

METW vs. FEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Meta Weeklypay ETF (METW) 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.

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

Sharpe Ratios by Period

	METW	FEPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.70	0.79	-1.49

Correlation

The correlation between METW and FEPI is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

METW vs. FEPI - Dividend Comparison

METW's dividend yield for the trailing twelve months is around 50.71%, more than FEPI's 28.60% yield.

	TTM	2025	2024	2023
METW Roundhill Meta Weeklypay ETF	50.71%	30.89%	0.00%	0.00%
FEPI REX FANG & Innovation Equity Premium Income ETF	28.60%	25.48%	27.18%	4.21%

Drawdowns

METW vs. FEPI - Drawdown Comparison

The maximum METW drawdown since its inception was -40.52%, which is greater than FEPI's maximum drawdown of -23.56%. Use the drawdown chart below to compare losses from any high point for METW and FEPI.

Drawdown Indicators

	METW	FEPI	Difference
Max Drawdown Largest peak-to-trough decline	-40.52%	-23.56%	-16.96%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.91%	—
Current Drawdown Current decline from peak	-34.06%	-9.39%	-24.67%
Average Drawdown Average peak-to-trough decline	-15.16%	-3.63%	-11.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.04%	—

Volatility

Volatility by Period

	METW	FEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.49%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	41.95%	21.92%	+20.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.95%	19.39%	+22.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.95%	19.39%	+22.56%