Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings.
AIPI has outpaced FEPI over the trailing twelve months, posting a 24.12% total return against 17.23%. Measured from Jun 2024 — the start of shared available history — AIPI has compounded at 21.62% a year versus 16.33% for FEPI. Figures are total returns: price change plus every distribution reinvested.
Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of September 18, 2026. YTD and 1Y are cumulative; windows of one year or longer are annualized. “Since Jun 2024” measures every fund from June 4, 2024 — the start of shared available history — 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.
Side-by-side snapshot
Side-by-side snapshot. Each row is one metric;
each column is one fund.
Bottom lineChoose AIPI if you want an AI leaders and enablers stock universe with call income. Choose FEPI if you want the FANG Innovation stock universe with call income. Compare holdings and net total returns over matching dates. A distribution rate is not a return forecast, and historical beta is not a leverage target or a guarantee about future losses.
Compare the stock universes before the distribution rates
AIPI primarily invests in stocks from the BITA AI Leaders Select Index, including AI businesses and enablers. FEPI uses the 15-stock, equally weighted FANG Innovation universe. Both actively write covered calls. FEPI is not automatically more diversified, and AIPI is not limited to companies selling only AI products.
AIPI
FEPI
Approach
AI leaders and enablers with covered calls
FANG Innovation stocks with covered calls
Risk review
AI-theme concentration, equity downside, and reduced upside
Concentrated technology-related stocks, equity downside, and reduced upside
Expense ratio
0.65%
0.65%
Portfolio fit
Review combined holdings and weights
Review combined holdings and weights
How the risk works
Read this before the income numbers below: the strategy mechanics on this page shape what those payouts can cost you.
Capped upside and premium dependence. AIPI and FEPI generate income by selling options, which trades away part of a strong rally in exchange for premium. Distributions can include return of capital, and a payout the underlying assets cannot sustain shows up as NAV erosion over time — the big yield number is not free.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
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.
AIPI (REX 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 34.40% vs 24.85% for FEPI. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
They have different reference exposures: AIPI is linked to Basket (AI Stocks) while FEPI is linked to Basket (FANG & innovation equities), which means their performance drivers differ.
FEPI is the larger fund by assets ($695M), but assets alone do not establish trading costs or liquidity.
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On a $10,000 investment, AIPI would generate roughly $286.67/month, while FEPI would produce $207.08/month, at current distribution rates. Both pay weekly distributions.
AIPI yield34.40%
FEPI yield24.85%
Monthly diff on $10K$79.58
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 primarily invests in stocks from the BITA AI Leaders Select Index, including AI businesses and enablers. FEPI uses the 15-stock, equally weighted FANG Innovation universe. Both actively write covered calls. FEPI is not automatically more diversified, and AIPI is not limited to companies selling only AI products. Beta describes historical benchmark sensitivity, not guaranteed downside protection.
AIPI beta1.0555
FEPI beta1.1684
Fund details
AIPI is managed by REX Shares (launched 06/04/2024) with $455M in assets. FEPI is managed by REX Shares (launched 10/11/2023) with $695M in assets.
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Frequently asked questions
Can AIPI and FEPI's distribution rates reveal their option strikes?
No. Rates also reflect payment policy, asset prices, and the period measured. Inspect current option holdings for strike prices and coverage. REX moved both funds to weekly distributions in May 2026; frequency is not a guarantee of the amount or of total return. Compare holdings and current fees rather than assuming one theme is safer.
What is the difference between AIPI and FEPI?
FEPI (REX FANG & Innovation Equity Premium Income ETF) writes calls on FANG and innovation names. AIPI (REX AI Equity Premium Income ETF) writes calls on an AI equity book. Both are option-income equity ETFs; the sleeve differs. Cost is 0.65% versus 0.65%; size is $455M versus $695M. Distributions are 34.40% and 24.85% as of September 2026. Universe, not a yield table, is the live difference.
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