QQQX and FEPI are both covered call ETFs tracking the same benchmark, but with different approaches. QQQX offers ~8% yield with a focus on sophisticated investor comfortable with cef structure, while FEPI provides ~7.2% yield targeting tech-bullish income investors who want to monetize their tech exposure. 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
Nuveen Nasdaq 100 Dynamic Overwrite Fund
4.2
Overall Score
REX FANG & Innovation Equity Premium Income ETF
5.1
Overall Score
| Criteria | QQQX | FEPI |
|---|---|---|
| Overall Score | 4.2 5.1 | |
| Total Return (25%) | 4.0 6.8 | |
| Downside Protection (25%) | — — | |
| Upside Participation (25%) | 8.8 8.1 | |
| Consistency (15%) | 4.7 5.6 | |
| Expense Ratio (5%) | 1.3 4.4 | |
| Liquidity (5%) | 4.8 5.9 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | QQQX | FEPI |
|---|---|---|
| Expense Ratio | 0.900% | 0.650% |
| Inception Date | Jan 25, 2007 | Jan 1, 2022 |
| Issuer | Nuveen | REX Shares |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 5/5 stars | 3/5 stars |
Interesting dynamic approach — but CEF complexity and high fees limit its appeal vs newer ETF alternatives
Investor Profile:
Sophisticated investor comfortable with CEF structure
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