FEPI and QDVO are both covered call ETFs tracking the same benchmark, but with different approaches. FEPI offers a 24.67% yield, while QDVO provides a 10.53% 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
Amplify CWP Growth & Income ETF
7.68
Overall Score
| Criteria | FEPI | QDVO |
|---|---|---|
| Overall Score | 5.80 7.68 | |
| Total Return (25%) | 6.80 8.58 | |
| Downside Protection (25%) | — 6.08 | |
| Upside Participation (25%) | 8.70 8.01 | |
| Consistency (15%) | 9.43 9.60 | |
| Expense Ratio (5%) | 4.38 5.62 | |
| Liquidity (5%) | 5.88 5.89 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | FEPI | QDVO |
|---|---|---|
| Expense Ratio | 0.650% | 0.550% |
| Inception Date | Oct 1, 2023 | Aug 1, 2024 |
| Issuer | REX Shares | Amplify |
| Distribution Frequency | Weekly | Monthly |
| Maturity Rating | 3/5 stars | 3/5 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.
Captured 80% of Nasdaq-100 upside with a 70% down capture, but only over 25 months, and it trails QQQ by 9 points in 2026.
Investor Profile:
QDVO is an actively managed Amplify fund sub-advised by Capital Wealth Planning and Penserra. It holds large-cap growth stocks with strong earnings and cash flow, 51 positions, with technology at 51% and NVIDIA at 10.6%. Covered calls are written tactically on individual stocks and sometimes on broad indexes, and the share covered is not disclosed. It pays monthly.
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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