WMT vs. FEPI

Last updated Jun 4, 2026

WMT (Walmart Inc.) is a stock, while FEPI (REX FANG & Innovation Equity Premium Income ETF) is Technology Equities fund actively managed by REX. Over the past year, WMT returned 17.89% vs 33.15% for FEPI. At a 0.07 correlation, their price movements are largely independent.

Performance

WMT vs. FEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Walmart Inc. (WMT) 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, WMT achieves a 5.33% return, which is significantly lower than FEPI's 10.42% return.

WMT

• 1D: 3.39%
• 1M: -10.14%
• YTD: 5.33%
• 6M: 2.78%
• 1Y: 17.89%
• 3Y*: 34.52%
• 5Y*: 21.38%
• 10Y*: 19.37%

FEPI

• 1D: -0.75%
• 1M: 5.91%
• YTD: 10.42%
• 6M: 11.37%
• 1Y: 33.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WMT vs. FEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
WMT Walmart Inc.	5.33%	24.49%	73.99%	0.00%
FEPI REX FANG & Innovation Equity Premium Income ETF	10.42%	18.33%	15.69%	11.70%

Correlation

The correlation between WMT and FEPI is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.16
Correlation (All Time) Calculated using the full available price history since Oct 12, 2023	0.07

The correlation between WMT and FEPI shifts across timeframes, from -0.16 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.

Return for Risk

WMT vs. FEPI — Risk / Return Rank

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

WMT

WMT Risk / Return Rank: 63
WMT Sharpe Ratio Rank: 65
WMT Sortino Ratio Rank: 58
WMT Omega Ratio Rank: 58
WMT Calmar Ratio Rank: 63
WMT Martin Ratio Rank: 70

FEPI

FEPI Risk / Return Rank: 54
FEPI Sharpe Ratio Rank: 58
FEPI Sortino Ratio Rank: 54
FEPI Omega Ratio Rank: 58
FEPI Calmar Ratio Rank: 51
FEPI Martin Ratio Rank: 51

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.

WMT vs. FEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Walmart Inc. (WMT) 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.

	WMT	FEPI	Difference
Sharpe ratio: Return per unit of total volatility	0.76	2.02	-1.26
Sortino ratio: Return per unit of downside risk	1.22	2.67	-1.45
Omega ratio: Gain probability vs. loss probability	1.16	1.36	-0.21
Calmar ratio: Return relative to maximum drawdown	1.14	2.58	-1.44
Martin ratio: Return relative to average drawdown	3.84	8.66	-4.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WMT vs. FEPI - Sharpe Ratio Comparison

The current WMT Sharpe Ratio is 0.76, which is lower than the FEPI Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of WMT 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

	WMT	FEPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.76	2.02	-1.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.99	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.89	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	1.16	-0.53

Drawdowns

WMT vs. FEPI - Drawdown Comparison

The maximum WMT drawdown since its inception was -77.14%, which is greater than FEPI's maximum drawdown of -23.56%. Use the drawdown chart below to compare losses from any high point for WMT and FEPI.

Drawdown Indicators

	WMT	FEPI	Difference
Max Drawdown Largest peak-to-trough decline	-77.14%	-23.56%	-53.58%
Max Drawdown (1Y) Largest decline over 1 year	-15.75%	-12.91%	-2.84%
Max Drawdown (3Y) Largest decline over 3 years	-21.93%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.74%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-25.74%	—	—
Current Drawdown Current decline from peak	-12.90%	-1.45%	-11.45%
Average Drawdown Average peak-to-trough decline	-14.63%	-3.51%	-11.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.74%	3.84%	+0.90%

Volatility

WMT vs. FEPI - Volatility Comparison

Walmart Inc. (WMT) has a higher volatility of 10.05% compared to REX FANG & Innovation Equity Premium Income ETF (FEPI) at 3.31%. This indicates that WMT'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

	WMT	FEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.05%	3.31%	+6.74%
Volatility (6M) Calculated over the trailing 6-month period	18.63%	12.58%	+6.05%
Volatility (1Y) Calculated over the trailing 1-year period	23.70%	16.54%	+7.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.68%	19.02%	+2.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.72%	19.02%	+2.70%

Dividends

WMT vs. FEPI - Dividend Comparison

WMT's dividend yield for the trailing twelve months is around 0.83%, less than FEPI's 23.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEPI REX FANG & Innovation Equity Premium Income ETF	23.92%	25.48%	27.18%	4.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WMT Walmart Inc.	0.83%	0.84%	0.92%	1.45%	1.58%	1.52%	1.50%	1.78%	2.23%	2.07%	2.89%	3.20%

Frequently Asked Questions

Can I hold both WMT and FEPI in my portfolio?

WMT and FEPI have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WMT or FEPI?

WMT has higher volatility (10.05%) compared to FEPI (3.31%). In terms of maximum drawdown, WMT dropped -77.14% vs FEPI's -23.56%.

Which has better risk-adjusted returns?

FEPI currently has the higher Sharpe Ratio (2.02 vs 0.76), 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.