FEPI vs GPIQ: Which Covered Call ETF Is Better?

FEPI and GPIQ are both covered call ETFs tracking the same benchmark, but with different approaches. FEPI offers ~7.2% yield with a focus on tech-bullish income investors who want to monetize their tech exposure, while GPIQ provides ~9.8% yield targeting sophisticated investor seeking the best structured nasdaq covered call. Compare their scores, yields, and performance metrics to find the best fit for your portfolio.

Compare ETFs

Compare covered call ETFs with the same benchmark side by side

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Step 2: Select ETFs to Compare

FEPI

REX FANG & Innovation Equity Premium Income ETF

NasdaqInception: Jan 1, 2022

5.1

Overall Score

GPIQ

Goldman Sachs Nasdaq-100 Premium Income ETF

NasdaqInception: Oct 24, 2023

6.8

Overall Score

CriteriaFEPIGPIQ
Overall Score
5.1
6.8
Total Return (25%)
6.8
8.5
Downside Protection (25%)
4.4
Upside Participation (25%)
8.2
8.5
Consistency (15%)
5.3
4.7
Expense Ratio (5%)
4.4
8.9
Liquidity (5%)
5.9
5.3
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Compare Across All Time Windows

Since Inception

3 Years

Pro only

1 Year

Pro only

3 Months

Pro only

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Key Metrics

MetricFEPIGPIQ
Expense Ratio0.650%0.290%
Inception DateJan 1, 2022Oct 24, 2023
IssuerREX SharesGoldman Sachs
Distribution FrequencyMonthlyMonthly
Maturity Rating3/5 stars2/5 stars

Verdicts

FEPI

A compelling option for investors who believe in mega-cap tech and want income on top. Concentration risk must be accepted.

Investor Profile:

Tech-bullish income investors who want to monetize their tech exposure

GPIQ

Structurally superior to JEPQ — Goldman built this product well

Investor Profile:

Sophisticated investor seeking the best structured Nasdaq covered call

Full scores for these funds

See where these rank against every QQQ fund

Both funds are scored on total return, downside protection, upside participation, distribution consistency, cost and liquidity, against the same benchmark and the same window.

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