A head-to-head comparison of REX SHARES AI Equity Premium Income ETF and REX FANG & Innovation Equity Premium Income ETF covering yield, cost, risk, and income potential.
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REX Shares is known for specializing in options-based and thematic ETF strategies, offering 23 funds organized across distinct families including Covered Call, IncomeMax Option Strategy, and MicroSectors products. The fund lineup emphasizes income generation through option strategies and sector-specific exposure, with holdings spanning technology, commodities, and alternative assets. REX Shares targets investors seeking non-traditional income approaches and concentrated sector bets, positioning itself in a niche segment focused on structured strategies rather than broad market indexing.
See our curated list of related YouTube videos on AIPI and FEPI.
Generates income by writing covered calls on a portfolio of artificial-intelligence focused
equities while retaining core exposure to the theme.
Targets income by selling covered calls on an actively managed basket of FANG and innovation
focused equities while maintaining growth exposure.
Asset class
Equity
Equity
Inception date
06/04/2024
10/11/2023
Beta
1.0555
1.1684
Last dividend
$0.2480
$0.2060
Ex-dividend date
07/08/2026
07/08/2026
Bottom lineChoose AIPI if you want to maximize current income — roughly 34.82%, generated by selling options premium. Choose FEPI if you are comfortable trading away most upside for a large, steady payout. There's no free lunch: AIPI's payout comes from selling options, which caps upside and can erode the share price over time, while FEPI keeps full price exposure.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
AIPI has lagged FEPI over the trailing twelve months, posting a 15.87% total return against 16.13%. Measured from Jun 2024 — when the younger fund began trading — AIPI has compounded at 18.40% a year versus 13.92% for FEPI. Figures are total returns: price change plus every distribution reinvested.
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 10, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Jun 2024” measures every fund from June 4, 2024 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the past year. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the past year) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Quick verdict
AIPI (REX SHARES AI Equity Premium Income ETF) and FEPI (REX FANG & Innovation Equity Premium Income ETF) are both weekly-pay dividend ETFs, but they take different approaches.
AIPI offers the higher yield at 34.82% vs 25.10% for FEPI. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
They track different benchmarks: AIPI is linked to Basket (AI Stocks) while FEPI tracks Basket (FANG & innovation equities), which means their performance drivers differ.
FEPI is the larger fund by assets ($682M), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, AIPI would generate roughly $290.17/month, while FEPI would produce $209.17/month, at current distribution rates. Both pay weekly distributions.
AIPI yield34.82%
FEPI yield25.10%
Monthly diff on $10K$81.00
Cost & efficiency
Over 10 years on $10,000, AIPI would cost approximately $650 in fees vs $650 for FEPI (simplified, not compounded). Both charge the same expense ratio.
AIPI ER0.65%
FEPI ER0.65%
Strategy & risk
AIPI tracks Basket (AI Stocks) with an artificial intelligence (ai) approach, while FEPI tracks Basket (FANG & innovation equities) with a covered call approach. Beta is 1.0555 for AIPI and 1.1684 for FEPI, indicating AIPI is less volatile relative to the market.
AIPI beta1.0555
FEPI beta1.1684
Fund details
AIPI is managed by REX Shares (launched 06/04/2024) with $415M in assets. FEPI is managed by REX Shares (launched 10/11/2023) with $682M in assets.
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Frequently asked questions
Is AIPI or FEPI better for dividend income?
It depends on your goals. AIPI currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between AIPI and FEPI?
AIPI (REX SHARES AI Equity Premium Income ETF) tracks Basket (AI Stocks) with an artificial intelligence (ai) approach, while FEPI (REX FANG & Innovation Equity Premium Income ETF) tracks Basket (FANG & innovation equities) with a covered call approach. They are issued by REX Shares and REX Shares respectively.
Can I hold both AIPI and FEPI?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which has lower fees, AIPI or FEPI?
AIPI and FEPI both charge the same expense ratio of 0.65%, so neither is cheaper on fees — pick based on yield, strategy, or underlying index instead.
How much income does $10,000 in AIPI vs FEPI generate?
At current rates, $10,000 in AIPI would generate roughly $290.17 per month ($3,482.00 annually). The same in FEPI would produce about $209.17 per month ($2,510.00 annually).
Which has performed better historically, AIPI or FEPI?
AIPI has lagged FEPI over the trailing twelve months, posting a 15.87% total return against 16.13%. Measured from Jun 2024 — when the younger fund began trading — AIPI has compounded at 18.40% a year versus 13.92% for FEPI. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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