MRSK vs. FEPI

Last updated Jun 3, 2026

MRSK (Agility Shares Managed Risk ETF) and FEPI (REX FANG & Innovation Equity Premium Income ETF) are both exchange-traded funds - MRSK is a Hedge Fund fund actively managed by Toews Corp., while FEPI is a Technology Equities fund actively managed by REX. Both are actively managed. Over the past year, MRSK returned 19.76% vs 35.27% for FEPI. A 0.76 correlation means they provide meaningful diversification when combined. MRSK charges 0.99%/yr vs 0.65%/yr for FEPI.

Performance

MRSK vs. FEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Agility Shares Managed Risk ETF (MRSK) 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, MRSK achieves a 5.48% return, which is significantly lower than FEPI's 11.26% return.

MRSK

• 1D: 0.14%
• 1M: 4.29%
• YTD: 5.48%
• 6M: 6.16%
• 1Y: 19.76%
• 3Y*: 11.50%
• 5Y*: 8.40%
• 10Y*: —

FEPI

• 1D: -0.26%
• 1M: 7.12%
• YTD: 11.26%
• 6M: 11.68%
• 1Y: 35.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MRSK vs. FEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MRSK Agility Shares Managed Risk ETF	5.48%	11.93%	14.62%	2.43%
FEPI REX FANG & Innovation Equity Premium Income ETF	11.26%	18.33%	15.69%	11.70%

Correlation

The correlation between MRSK and FEPI is 0.72, 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	0.72
Correlation (All Time) Calculated using the full available price history since Oct 12, 2023	0.76

The correlation between MRSK and FEPI has been stable across timeframes, ranging from 0.72 to 0.76 - a consistent structural relationship.

MRSK vs. FEPI - Sectors Allocation Comparison

Sectors	MRSK	FEPI
Technology	35.7%	62.1%
Financial Services	12.0%	-
Communication Services	10.8%	24.9%
Consumer Cyclical	10.1%	13.0%
Healthcare	8.6%	-
Industrials	8.2%	-
Consumer Defensive	4.9%	-
Energy	3.6%	-
Utilities	2.4%	-
Real Estate	1.9%	-
Basic Materials	1.8%	-

Return for Risk

MRSK vs. FEPI — Risk / Return Rank

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

MRSK

MRSK Risk / Return Rank: 55
MRSK Sharpe Ratio Rank: 55
MRSK Sortino Ratio Rank: 53
MRSK Omega Ratio Rank: 57
MRSK Calmar Ratio Rank: 51
MRSK Martin Ratio Rank: 58

FEPI

FEPI Risk / Return Rank: 59
FEPI Sharpe Ratio Rank: 63
FEPI Sortino Ratio Rank: 59
FEPI Omega Ratio Rank: 63
FEPI Calmar Ratio Rank: 56
FEPI Martin Ratio Rank: 54

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.

MRSK vs. FEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Agility Shares Managed Risk ETF (MRSK) 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.

	MRSK	FEPI	Difference
Sharpe ratio Return per unit of total volatility	1.90	2.15	-0.25
Sortino ratio Return per unit of downside risk	2.60	2.82	-0.22
Omega ratio Gain probability vs. loss probability	1.35	1.39	-0.04
Calmar ratio Return relative to maximum drawdown	2.56	2.81	-0.25
Martin ratio Return relative to average drawdown	10.35	9.45	+0.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MRSK vs. FEPI - Sharpe Ratio Comparison

The current MRSK Sharpe Ratio is 1.90, which is comparable to the FEPI Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of MRSK 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

	MRSK	FEPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	2.15	-0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	1.18	-0.21

Drawdowns

MRSK vs. FEPI - Drawdown Comparison

The maximum MRSK drawdown since its inception was -14.70%, smaller than the maximum FEPI drawdown of -23.56%. Use the drawdown chart below to compare losses from any high point for MRSK and FEPI.

Drawdown Indicators

	MRSK	FEPI	Difference
Max Drawdown Largest peak-to-trough decline	-14.70%	-23.56%	+8.86%
Max Drawdown (1Y) Largest decline over 1 year	-7.82%	-12.91%	+5.09%
Max Drawdown (3Y) Largest decline over 3 years	-12.22%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-14.70%	—	—
Current Drawdown Current decline from peak	0.00%	-0.71%	+0.71%
Average Drawdown Average peak-to-trough decline	-3.59%	-3.51%	-0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	3.84%	-1.90%

Volatility

MRSK vs. FEPI - Volatility Comparison

The current volatility for Agility Shares Managed Risk ETF (MRSK) is 2.44%, while REX FANG & Innovation Equity Premium Income ETF (FEPI) has a volatility of 3.13%. This indicates that MRSK experiences smaller price fluctuations and is considered to be less risky than FEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MRSK	FEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.44%	3.13%	-0.69%
Volatility (6M) Calculated over the trailing 6-month period	8.31%	12.55%	-4.24%
Volatility (1Y) Calculated over the trailing 1-year period	10.47%	16.52%	-6.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.67%	19.03%	-7.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.85%	19.03%	-7.18%

MRSK vs. FEPI - Expense Ratio Comparison

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

Dividends

MRSK vs. FEPI - Dividend Comparison

MRSK's dividend yield for the trailing twelve months is around 0.35%, less than FEPI's 23.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
FEPI REX FANG & Innovation Equity Premium Income ETF	23.14%	25.48%	27.18%	4.21%	0.00%	0.00%	0.00%
MRSK Agility Shares Managed Risk ETF	0.35%	0.37%	0.44%	0.60%	1.11%	14.20%	4.29%

Frequently Asked Questions

Can I hold both MRSK and FEPI in my portfolio?

MRSK and FEPI have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MRSK or FEPI?

FEPI has higher volatility (3.13%) compared to MRSK (2.44%). In terms of maximum drawdown, MRSK dropped -14.70% vs FEPI's -23.56%.

Which ETF is better, MRSK or FEPI?

On 1-year performance, FEPI leads with 35.27% vs 19.76% for MRSK. On fees, FEPI is cheaper at 0.65% per year. On volatility, MRSK has been the lower-risk option at 2.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MRSK or FEPI?

Over the 1-year period, FEPI has performed better with a 35.27% return vs 19.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MRSK or FEPI?

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

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

FEPI has the higher dividend yield at 23.14%, compared with 0.35% for MRSK.

What is the main difference between MRSK and FEPI?

MRSK is categorized as Hedge Fund, while FEPI is Technology Equities. They also come from different issuers: Toews Corp. and REX. Their fees differ too: 0.99% for MRSK and 0.65% for FEPI.

Which has better risk-adjusted returns?

FEPI currently has the higher Sharpe Ratio (2.15 vs 1.90), 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.