FEPI and QYLG are both covered call ETFs tracking the same benchmark, but with different approaches. FEPI offers a 24.67% yield, while QYLG provides a 16.73% 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
Global X Nasdaq 100 Covered Call & Growth ETF
6.89
Overall Score
| Criteria | FEPI | QYLG |
|---|---|---|
| Overall Score | 5.80 6.89 | |
| Total Return (25%) | 6.80 7.66 | |
| Downside Protection (25%) | — 4.53 | |
| Upside Participation (25%) | 8.70 7.94 | |
| Consistency (15%) | 9.43 8.75 | |
| Expense Ratio (5%) | 4.38 5.00 | |
| Liquidity (5%) | 5.88 5.91 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | FEPI | QYLG |
|---|---|---|
| Expense Ratio | 0.650% | 0.600% |
| Inception Date | Oct 1, 2023 | Sep 24, 2020 |
| Issuer | REX Shares | Global X |
| Distribution Frequency | Weekly | Monthly |
| Maturity Rating | 3/5 stars | 4/5 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 77% of Nasdaq-100 upside and 77% of the downside; the 16.7% TTM yield includes a one-off, and the regular yield is 7.6%.
Investor Profile:
QYLG tracks the Cboe Nasdaq-100 Half BuyWrite V2 Index. It holds Nasdaq-100 stocks, 102 positions, and sells at-the-money calls on about half of their value, which leaves the other half free to follow the index. It paid a one-time distribution of $2.78 per share on Dec 30, 2025. 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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