FEPI vs QQQI: Which Covered Call ETF Is Better?

FEPI and QQQI 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 QQQI provides ~14% yield targeting investor seeking nasdaq exposure with high income and optimized tax treatment. 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

Step 1: Select Benchmark

Step 2: Select ETFs to Compare

FEPI

REX FANG & Innovation Equity Premium Income ETF

NasdaqInception: Jan 1, 2022

5.1

Overall Score

QQQI

NEOS Nasdaq 100 High Income ETF

NasdaqInception: Jan 30, 2024

6.6

Overall Score

CriteriaFEPIQQQI
Overall Score
5.1
6.6
Total Return (25%)
6.8
7.9
Downside Protection (25%)
5.7
Upside Participation (25%)
8.2
7.8
Consistency (15%)
5.3
4.8
Expense Ratio (5%)
4.4
4.0
Liquidity (5%)
5.9
6.5
🔒

Compare Across All Time Windows

Since Inception

3 Years

Pro only

1 Year

Pro only

3 Months

Pro only

Upgrade to Pro — $34/month

Key Metrics

MetricFEPIQQQI
Expense Ratio0.650%0.680%
Inception DateJan 1, 2022Jan 30, 2024
IssuerREX SharesNEOS
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

QQQI

Ranked #1 in our model but interpret with caution — only 2 maturity stars, no 2022-style correction in its history

Investor Profile:

Investor seeking Nasdaq exposure with high income and optimized tax treatment

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.

Get the monthly ranking by email

28 covered call ETFs, rescored every month on total return, downside protection and NAV stability. One email a month, no promotions.

We store your email to send the monthly ranking. Unsubscribe any time by replying to any email. We never share or sell it.