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 FEPI.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Invesco is a major player in the ETF space known for offering a broad, diversified lineup of 71 funds spanning multiple investment themes and strategies. Their portfolio spans income-focused funds, factor-based equity strategies, commodity exposure, digital assets, ESG investing, and the popular Invesco QQQ family tracking the Nasdaq-100, serving both income-seeking and growth-oriented investors. The issuer is particularly recognized for specialized offerings like BulletShares (laddered bond funds), sector rotation strategies, and thematic investing options, making it a comprehensive choice for investors seeking varied exposures beyond traditional index funds.
See our curated list of related YouTube videos on QQQ.
Targets income by selling covered calls on an actively managed basket of FANG and innovation
focused equities while maintaining growth exposure.
Track the Nasdaq-100 Index, which includes 100 of the largest non-financial Nasdaq stocks.
Asset class
Equity
Equity
Inception date
10/11/2023
03/10/1999
Beta
1.1684
1.24
Last dividend
$0.2033
$0.7941
Ex-dividend date
07/15/2026
12/21/2026
Bottom lineChoose FEPI if you want to maximize current income — roughly 24.91%, generated by selling options premium. Choose QQQ if you want a growth tilt and can accept bigger swings for higher upside. There's no free lunch: FEPI's payout comes from selling options, which caps upside and can erode the share price over time, while QQQ keeps full price exposure.
Most used
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
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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 QQQ (Invesco QQQ Trust) are both dividend ETFs, but they take different approaches.
FEPI offers the higher yield at 24.91% vs 0.44% for QQQ. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
QQQ is cheaper with an expense ratio of 0.18% compared to 0.65%.
They track different benchmarks: FEPI is linked to Basket (FANG & innovation equities) while QQQ tracks Nasdaq-100 Index, which means their performance drivers differ.
QQQ is the larger fund by assets ($481B), which generally means tighter spreads and better liquidity.
Who should choose each?
Choose FEPI
REX FANG & Innovation Equity Premium Income ETF
Want to maximize current income — FEPI distributes roughly 24.91% from selling options premium, vs 0.44% for QQQ.
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
Choose QQQ
Invesco QQQ Trust
Want a growth tilt and can accept larger swings for more upside.
Want to keep costs low — a 0.18% expense ratio vs 0.65% for FEPI.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Deep dive
Yield & income
On a $10,000 investment, FEPI would generate roughly $207.58/month, while QQQ would produce $3.67/month, at current distribution rates.
FEPI yield24.91%
QQQ yield0.44%
Monthly diff on $10K$203.92
Cost & efficiency
Over 10 years on $10,000, FEPI would cost approximately $650 in fees vs $180 for QQQ (simplified, not compounded). The $470.00 difference may be offset by yield or performance.
FEPI ER0.65%
QQQ ER0.18%
Strategy & risk
FEPI tracks Basket (FANG & innovation equities) with a covered call approach, while QQQ tracks Nasdaq-100 Index with a growth approach. Beta is 1.1684 for FEPI and 1.24 for QQQ, indicating FEPI is less volatile relative to the market.
FEPI beta1.1684
QQQ beta1.24
Fund details
FEPI is managed by REX Shares (launched 10/11/2023) with $682M in assets. QQQ is managed by Invesco (launched 03/10/1999) with $481B in assets.
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Frequently asked questions
Is FEPI or QQQ 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 QQQ?
FEPI (REX FANG & Innovation Equity Premium Income ETF) tracks Basket (FANG & innovation equities) with a covered call approach, while QQQ (Invesco QQQ Trust) tracks Nasdaq-100 Index with a growth approach. They are issued by REX Shares and Invesco respectively.
Can I hold both FEPI and QQQ?
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, FEPI or QQQ?
FEPI has an expense ratio of 0.65% while QQQ charges 0.18%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in FEPI vs QQQ generate?
At current rates, $10,000 in FEPI would generate roughly $207.58 per month ($2,491.00 annually). The same in QQQ would produce about $3.67 per month ($44.00 annually).
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