SCHI vs. FEPI

Last updated Jun 16, 2026

SCHI (Schwab 5-10 Year Corporate Bond ETF) and FEPI (REX FANG & Innovation Equity Premium Income ETF) are both exchange-traded funds - SCHI is a Corporate Bonds fund tracking the Bloomberg US Aggregate Credit - Corporate (5-10 Y), while FEPI is a Derivative Income fund actively managed by REX. SCHI is passively managed, while FEPI is actively managed. Over the past year, SCHI returned 6.04% vs 29.40% for FEPI. At a 0.18 correlation, their price movements are largely independent. SCHI charges 0.05%/yr vs 0.65%/yr for FEPI.

Performance

SCHI vs. FEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab 5-10 Year Corporate Bond ETF (SCHI) 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, SCHI achieves a 0.46% return, which is significantly lower than FEPI's 8.42% return.

SCHI

• 1D: 0.09%
• 1M: 0.99%
• YTD: 0.46%
• 6M: 0.82%
• 1Y: 6.04%
• 3Y*: 6.21%
• 5Y*: 1.29%
• 10Y*: —

FEPI

• 1D: 2.85%
• 1M: 1.58%
• YTD: 8.42%
• 6M: 10.88%
• 1Y: 29.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SCHI vs. FEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SCHI Schwab 5-10 Year Corporate Bond ETF	0.46%	9.47%	3.32%	8.54%
FEPI REX FANG & Innovation Equity Premium Income ETF	8.42%	18.33%	15.69%	11.75%

Correlation

The correlation between SCHI and FEPI is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (All Time) Calculated using the full available price history since Oct 11, 2023	0.18

Return for Risk

SCHI vs. FEPI — Risk / Return Rank

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

SCHI

SCHI Risk / Return Rank: 46
SCHI Sharpe Ratio Rank: 46
SCHI Sortino Ratio Rank: 48
SCHI Omega Ratio Rank: 44
SCHI Calmar Ratio Rank: 44
SCHI Martin Ratio Rank: 44

FEPI

FEPI Risk / Return Rank: 53
FEPI Sharpe Ratio Rank: 56
FEPI Sortino Ratio Rank: 51
FEPI Omega Ratio Rank: 56
FEPI Calmar Ratio Rank: 51
FEPI Martin Ratio Rank: 49

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.

SCHI vs. FEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab 5-10 Year Corporate Bond ETF (SCHI) 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.

	SCHI	FEPI	Difference
Sharpe ratio: Return per unit of total volatility	1.47	1.71	-0.24
Sortino ratio: Return per unit of downside risk	2.19	2.28	-0.09
Omega ratio: Gain probability vs. loss probability	1.26	1.31	-0.05
Calmar ratio: Return relative to maximum drawdown	2.01	2.29	-0.27
Martin ratio: Return relative to average drawdown	6.58	7.48	-0.91

SCHI vs. FEPI - Sharpe Ratio Comparison

The current SCHI Sharpe Ratio is 1.47, which is comparable to the FEPI Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of SCHI 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.

Drawdowns

SCHI vs. FEPI - Drawdown Comparison

The maximum SCHI drawdown since its inception was -20.67%, smaller than the maximum FEPI drawdown of -23.56%. Use the drawdown chart below to compare losses from any high point for SCHI and FEPI.

Drawdown Indicators

	SCHI	FEPI	Difference
Max Drawdown Largest peak-to-trough decline	-20.67%	-23.56%	+2.89%
Max Drawdown (1Y) Largest decline over 1 year	-3.01%	-12.91%	+9.90%
Max Drawdown (3Y) Largest decline over 3 years	-6.14%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.67%	—	—
Current Drawdown Current decline from peak	-1.10%	-3.24%	+2.14%
Average Drawdown Average peak-to-trough decline	-5.69%	-3.51%	-2.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	3.94%	-3.02%

Volatility

SCHI vs. FEPI - Volatility Comparison

The current volatility for Schwab 5-10 Year Corporate Bond ETF (SCHI) is 1.48%, while REX FANG & Innovation Equity Premium Income ETF (FEPI) has a volatility of 6.42%. This indicates that SCHI 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

	SCHI	FEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.48%	6.42%	-4.94%
Volatility (6M) Calculated over the trailing 6-month period	3.20%	13.68%	-10.48%
Volatility (1Y) Calculated over the trailing 1-year period	4.12%	17.31%	-13.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.67%	19.19%	-12.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.39%	19.19%	-11.80%

SCHI vs. FEPI - Expense Ratio Comparison

SCHI has a 0.05% expense ratio, which is lower than FEPI's 0.65% expense ratio.

Dividends

SCHI vs. FEPI - Dividend Comparison

SCHI's dividend yield for the trailing twelve months is around 5.03%, less than FEPI's 24.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FEPI REX FANG & Innovation Equity Premium Income ETF	24.96%	25.48%	27.18%	4.21%	0.00%	0.00%	0.00%	0.00%
SCHI Schwab 5-10 Year Corporate Bond ETF	5.03%	4.99%	5.11%	4.27%	3.10%	1.93%	2.31%	0.53%

Frequently Asked Questions

Can I hold both SCHI and FEPI in my portfolio?

SCHI and FEPI have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCHI or FEPI?

FEPI has higher volatility (6.42%) compared to SCHI (1.48%). In terms of maximum drawdown, SCHI dropped -20.67% vs FEPI's -23.56%.

Which ETF is better, SCHI or FEPI?

On 1-year performance, FEPI leads with 29.40% vs 6.04% for SCHI. On fees, SCHI is cheaper at 0.05% per year. On volatility, SCHI has been the lower-risk option at 1.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHI or FEPI?

Over the 1-year period, FEPI has performed better with a 29.40% return vs 6.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHI or FEPI?

SCHI is cheaper with a 0.05% expense ratio, compared with 0.65% for FEPI.

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

FEPI has the higher dividend yield at 24.96%, compared with 5.03% for SCHI.

What is the main difference between SCHI and FEPI?

SCHI is categorized as Corporate Bonds, while FEPI is Derivative Income. They also come from different issuers: Charles Schwab and REX. Their fees differ too: 0.05% for SCHI and 0.65% for FEPI.

Which has better risk-adjusted returns?

FEPI currently has the higher Sharpe Ratio (1.71 vs 1.47), 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.