FEPI and GPIQ are both covered call ETFs tracking the same benchmark, but with different approaches. FEPI offers a 24.67% yield, while GPIQ provides a 9.94% yield. Compare their scores, yields, and performance metrics to find the best fit for your portfolio.
Compare covered call ETFs with the same benchmark side by side
REX FANG & Innovation Equity Premium Income ETF
5.80
Overall Score
Goldman Sachs Nasdaq-100 Premium Income ETF
7.57
Overall Score
| Criteria | FEPI | GPIQ |
|---|---|---|
| Overall Score | 5.80 7.57 | |
| Total Return (25%) | 6.80 8.57 | |
| Downside Protection (25%) | — 4.55 | |
| Upside Participation (25%) | 8.70 8.51 | |
| Consistency (15%) | 9.43 9.70 | |
| Expense Ratio (5%) | 4.38 8.88 | |
| Liquidity (5%) | 5.88 5.27 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | FEPI | GPIQ |
|---|---|---|
| Expense Ratio | 0.650% | 0.290% |
| Inception Date | Oct 1, 2023 | Oct 24, 2023 |
| Issuer | REX Shares | Goldman Sachs |
| Distribution Frequency | Weekly | Monthly |
| Maturity Rating | 3/5 stars | 2/5 stars |
Pays a 24.7% TTM yield, but captured 114% of QQQ's down months and trails QQQ by 37 points since 2023.
Investor Profile:
FEPI holds the 15 stocks of the equal-weighted FANG & Innovation Index, rebalanced monthly. REX writes covered calls on individual stocks and invests the premium in money market instruments. Since May 2026 the fund pays weekly instead of monthly. REX states that current distributions are 100% estimated return of capital.
Keeps 85% of Nasdaq-100 upside for a 9.9% yield at 0.29%, with a yield 1.2 to 3.8 points below JEPQ and QQQI.
Investor Profile:
GPIQ is an actively managed Goldman Sachs fund that holds 108 large-cap stocks, mainly from the Nasdaq-100. It sells call options on a variable share of the portfolio, between 25% and 75%, which leaves part of the position free to follow the index. It pays monthly and charges 0.29%.
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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