ETF Comparison
FEPI vs JEPI: Which Is the Better Pick in 2026?
A head-to-head comparison of REX FANG & Innovation Equity Premium Income ETF and JPMorgan Equity Premium Income ETF covering yield, cost, risk, and income potential.
Data updated April 5, 2026
Side-by-side snapshot
| FEPI | JEPI | |
|---|---|---|
| Full name | REX FANG & Innovation Equity Premium Income ETF | JPMorgan Equity Premium Income ETF |
| Issuer | REX Shares | JPMorgan |
| Price | $40.22 | $56.41 |
| Distribution yield | 27.60% | 7.91% |
| Expense ratio | 0.65% | 0.35% |
| AUM | $582M | $45.0B |
| Distribution frequency | Monthly | Monthly |
| Underlying index | Basket (FANG & innovation equities) | SPX |
| Objective | Targets income by selling covered calls on an actively managed basket of FANG and innovation focused equities while maintaining growth exposure. | Covered Call |
| Asset class | Equity | Equity |
| Inception date | 10/11/2023 | 05/20/2020 |
| Beta | 0.0 | 0.51 |
| Last dividend | $0.87 | $0.42 |
| Ex-dividend date | 03/25/2026 | 04/01/2026 |
Visual comparison
Key metrics
Projected income on $10K
Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
FEPI (REX FANG & Innovation Equity Premium Income ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both popular monthly-pay targets income by selling covered calls on an actively managed basket of fang and innovation focused equities while maintaining growth exposure. ETFs, but they take different approaches.
FEPI offers the higher yield at 27.60% vs 7.91% for JEPI. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
JEPI is cheaper with an expense ratio of 0.35% compared to 0.65%.
They track different benchmarks: FEPI is linked to Basket (FANG & innovation equities) while JEPI tracks SPX, which means their performance drivers differ.
JEPI is the larger fund by assets ($45.0B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, FEPI would generate roughly $230.00/month while JEPI would produce $65.92/month at current distribution rates. Both pay monthly distributions.
Cost & efficiency
Over 10 years on $10,000, FEPI would cost approximately $650 in fees vs $350 for JEPI (simplified, not compounded). The $300.00 difference may be offset by yield or performance.
Strategy & risk
FEPI tracks Basket (FANG & innovation equities) with a targets income by selling covered calls on an actively managed basket of fang and innovation focused equities while maintaining growth exposure. approach, while JEPI tracks SPX using a covered call strategy. Beta is 0.0 for FEPI and 0.51 for JEPI, indicating FEPI is less volatile relative to the market.
Fund details
FEPI is managed by REX Shares (launched 10/11/2023) with $582M in assets. JEPI is managed by JPMorgan (launched 05/20/2020) with $45.0B in assets.
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
Frequently asked questions
Is FEPI or JEPI better for dividend income?
It depends on your goals. FEPI 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 FEPI and JEPI?
FEPI (REX FANG & Innovation Equity Premium Income ETF) tracks Basket (FANG & innovation equities) with a targets income by selling covered calls on an actively managed basket of fang and innovation focused equities while maintaining growth exposure. strategy, while JEPI (JPMorgan Equity Premium Income ETF) tracks SPX with a covered call approach. They are issued by REX Shares and JPMorgan respectively.
Can I hold both FEPI and JEPI?
Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.
Which has lower fees, FEPI or JEPI?
FEPI has an expense ratio of 0.65% while JEPI charges 0.35%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in FEPI vs JEPI generate?
At current yields, $10,000 in FEPI would generate roughly $230.00 per month ($2,760.00 annually). The same in JEPI would produce about $65.92 per month ($791.00 annually).
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