PXQ vs. FEPI

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco Dynamic Networking ETF (PXQ) and REX FANG & Innovation Equity Premium Income ETF (FEPI).

PXQ and FEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PXQ is a passively managed fund by Invesco that tracks the performance of the Dynamic Networking Intellidex Index. It was launched on Jun 23, 2005. FEPI is an actively managed fund by REX. It was launched on Oct 11, 2023.

Performance

PXQ vs. FEPI - Performance Comparison

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

PXQ vs. FEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PXQ Invesco Dynamic Networking ETF	5.86%	28.65%	19.41%	14.31%
FEPI REX FANG & Innovation Equity Premium Income ETF	-5.90%	18.33%	15.69%	11.70%

Returns By Period

In the year-to-date period, PXQ achieves a 5.86% return, which is significantly higher than FEPI's -5.90% return.

PXQ

• 1D: 2.12%
• 1M: -4.06%
• YTD: 5.86%
• 6M: 10.12%
• 1Y: 41.49%
• 3Y*: 23.88%
• 5Y*: 12.33%
• 10Y*: 16.41%

FEPI

• 1D: 1.39%
• 1M: -1.29%
• YTD: -5.90%
• 6M: -3.02%
• 1Y: 23.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PXQ vs. FEPI - Expense Ratio Comparison

PXQ has a 0.63% expense ratio, which is lower than FEPI's 0.65% expense ratio.

FEPI

REX FANG & Innovation Equity Premium Income ETF

PXQ

Invesco Dynamic Networking ETF

Return for Risk

PXQ vs. FEPI — Risk / Return Rank

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

PXQ

PXQ Risk / Return Rank: 88
PXQ Sharpe Ratio Rank: 85
PXQ Sortino Ratio Rank: 87
PXQ Omega Ratio Rank: 84
PXQ Calmar Ratio Rank: 90
PXQ Martin Ratio Rank: 94

FEPI

FEPI Risk / Return Rank: 63
FEPI Sharpe Ratio Rank: 59
FEPI Sortino Ratio Rank: 61
FEPI Omega Ratio Rank: 62
FEPI Calmar Ratio Rank: 71
FEPI Martin Ratio Rank: 59

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.

PXQ vs. FEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Networking ETF (PXQ) 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.

	PXQ	FEPI	Difference
Sharpe ratio Return per unit of total volatility	1.79	1.09	+0.70
Sortino ratio Return per unit of downside risk	2.50	1.61	+0.88
Omega ratio Gain probability vs. loss probability	1.35	1.23	+0.11
Calmar ratio Return relative to maximum drawdown	3.26	1.91	+1.36
Martin ratio Return relative to average drawdown	15.18	6.04	+9.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PXQ vs. FEPI - Sharpe Ratio Comparison

The current PXQ Sharpe Ratio is 1.79, which is higher than the FEPI Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of PXQ and FEPI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PXQ	FEPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	1.09	+0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.82	-0.34

Correlation

The correlation between PXQ and FEPI is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

PXQ vs. FEPI - Dividend Comparison

PXQ's dividend yield for the trailing twelve months is around 0.88%, less than FEPI's 28.20% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
PXQ Invesco Dynamic Networking ETF	0.88%	0.86%	1.38%	0.60%	2.24%	0.55%	0.18%	0.44%	1.22%	0.66%	0.44%
FEPI REX FANG & Innovation Equity Premium Income ETF	28.20%	25.48%	27.18%	4.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

PXQ vs. FEPI - Drawdown Comparison

The maximum PXQ drawdown since its inception was -57.18%, which is greater than FEPI's maximum drawdown of -23.56%. Use the drawdown chart below to compare losses from any high point for PXQ and FEPI.

Drawdown Indicators

	PXQ	FEPI	Difference
Max Drawdown Largest peak-to-trough decline	-57.18%	-23.56%	-33.62%
Max Drawdown (1Y) Largest decline over 1 year	-12.94%	-12.91%	-0.03%
Max Drawdown (5Y) Largest decline over 5 years	-34.55%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.55%	—	—
Current Drawdown Current decline from peak	-4.97%	-8.14%	+3.17%
Average Drawdown Average peak-to-trough decline	-10.82%	-3.64%	-7.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	4.07%	-1.29%

Volatility

PXQ vs. FEPI - Volatility Comparison

Invesco Dynamic Networking ETF (PXQ) has a higher volatility of 8.36% compared to REX FANG & Innovation Equity Premium Income ETF (FEPI) at 7.58%. This indicates that PXQ's price experiences larger fluctuations and is considered to be riskier than FEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PXQ	FEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.36%	7.58%	+0.78%
Volatility (6M) Calculated over the trailing 6-month period	15.60%	14.37%	+1.23%
Volatility (1Y) Calculated over the trailing 1-year period	23.35%	21.95%	+1.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.87%	19.40%	+3.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.72%	19.40%	+3.32%