XLKI vs. FEPI

Last updated Jul 12, 2026

XLKI (State Street Technology Select Sector SPDR Premium Income ETF) and FEPI (REX FANG & Innovation Equity Premium Income ETF) are both exchange-traded funds - XLKI is a Technology Equities fund actively managed by State Street, while FEPI is a Derivative Income fund actively managed by REX. Both are actively managed. Their correlation of 0.85 suggests significant overlap in exposure. XLKI charges 0.35%/yr vs 0.65%/yr for FEPI.

Performance

XLKI vs. FEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Technology Select Sector SPDR Premium Income ETF (XLKI) 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, XLKI achieves a 15.15% return, which is significantly higher than FEPI's 5.53% return.

XLKI

• 1D: 0.28%
• 1M: 1.80%
• 6M: 13.70%
• YTD: 15.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FEPI

• 1D: 0.19%
• 1M: 0.12%
• 6M: 5.33%
• YTD: 5.53%
• 1Y: 18.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XLKI vs. FEPI - Yearly Performance Comparison

	2026 (YTD)	2025
XLKI State Street Technology Select Sector SPDR Premium Income ETF	15.15%	10.02%
FEPI REX FANG & Innovation Equity Premium Income ETF	5.53%	11.11%

Correlation

The correlation between XLKI and FEPI is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.85

XLKI vs. FEPI - Sectors Allocation Comparison

Sectors	XLKI	FEPI
Technology	99.0%	66.7%
Financial Services	98.0%	-
Communication Services	1.0%	19.0%
Basic Materials	-	-
Consumer Cyclical	-	13.6%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

XLKI vs. FEPI — Risk / Return Rank

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

XLKI

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

FEPI

FEPI Risk / Return Rank: 35
FEPI Sharpe Ratio Rank: 35
FEPI Sortino Ratio Rank: 33
FEPI Omega Ratio Rank: 35
FEPI Calmar Ratio Rank: 36
FEPI Martin Ratio Rank: 35

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.

XLKI vs. FEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Technology Select Sector SPDR Premium Income ETF (XLKI) 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.

	XLKI	FEPI	Difference
Sharpe ratio: Return per unit of total volatility	—	1.04	—
Sortino ratio: Return per unit of downside risk	—	1.48	—
Omega ratio: Gain probability vs. loss probability	—	1.19	—
Calmar ratio: Return relative to maximum drawdown	—	1.46	—
Martin ratio: Return relative to average drawdown	—	4.35	—

Drawdowns

XLKI vs. FEPI - Drawdown Comparison

The maximum XLKI drawdown since its inception was -10.24%, smaller than the maximum FEPI drawdown of -23.56%. Use the drawdown chart below to compare losses from any high point for XLKI and FEPI.

Drawdown Indicators

	XLKI	FEPI	Difference
Max Drawdown Largest peak-to-trough decline	-10.24%	-23.56%	+13.32%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.91%	—
Current Drawdown Current decline from peak	-2.95%	-5.82%	+2.87%
Average Drawdown Average peak-to-trough decline	-1.89%	-3.60%	+1.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.34%	—

Volatility

Volatility by Period

	XLKI	FEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.44%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.47%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.09%	18.16%	+0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.09%	19.33%	-0.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.09%	19.33%	-0.24%

XLKI vs. FEPI - Expense Ratio Comparison

XLKI has a 0.35% expense ratio, which is lower than FEPI's 0.65% expense ratio.

Dividends

XLKI vs. FEPI - Dividend Comparison

XLKI's dividend yield for the trailing twelve months is around 17.21%, less than FEPI's 25.84% yield.

Position	TTM	2025	2024	2023
FEPI REX FANG & Innovation Equity Premium Income ETF	25.84%	25.48%	27.18%	4.21%
XLKI State Street Technology Select Sector SPDR Premium Income ETF	17.21%	8.52%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XLKI and FEPI in my portfolio?

XLKI and FEPI have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XLKI or FEPI?

On fees, XLKI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XLKI or FEPI?

XLKI is cheaper with a 0.35% expense ratio, compared with 0.65% for FEPI.

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

FEPI has the higher dividend yield at 25.84%, compared with 17.21% for XLKI.

What is the main difference between XLKI and FEPI?

XLKI is categorized as Technology Equities, while FEPI is Derivative Income. They also come from different issuers: State Street and REX. Their fees differ too: 0.35% for XLKI and 0.65% for FEPI.