QYLD and FEPI are both covered call ETFs tracking the same benchmark, but with different approaches. QYLD offers a 11.49% yield, while FEPI provides a 24.67% 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
Global X Nasdaq 100 Covered Call ETF
6.00
Overall Score
REX FANG & Innovation Equity Premium Income ETF
5.80
Overall Score
| Criteria | QYLD | FEPI |
|---|---|---|
| Overall Score | 6.00 5.80 | |
| Total Return (25%) | 2.22 6.80 | |
| Downside Protection (25%) | 8.90 — | |
| Upside Participation (25%) | 5.03 8.70 | |
| Consistency (15%) | 8.78 9.43 | |
| Expense Ratio (5%) | 5.00 4.38 | |
| Liquidity (5%) | 7.87 5.88 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | QYLD | FEPI |
|---|---|---|
| Expense Ratio | 0.600% | 0.650% |
| Inception Date | Dec 11, 2013 | Oct 1, 2023 |
| Issuer | Global X | REX Shares |
| Distribution Frequency | Monthly | Weekly |
| Maturity Rating | 5/5 stars | 3/5 stars |
Cut volatility to 11.7% (QQQ 20.9%), but captured 53% of upside against 60% of downside, and total return since 2019 is +109% against QQQ's +362%.
Investor Profile:
QYLD tracks the Cboe NASDAQ-100 BuyWrite V2 Index. It holds the Nasdaq-100 stocks, 104 positions, and sells at-the-money call options on the whole portfolio each month. The rules are mechanical and the fund pays monthly. It gives up the most upside of any Nasdaq income fund in the universe.
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.
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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