A head-to-head comparison of REX FANG & Innovation Equity Premium Income ETF and NEOS Nasdaq-100 High Income ETF covering yield, cost, risk, and income potential.
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.
NEOS is known for developing specialized income-focused ETFs that employ strategies like covered calls, hedging, and enhanced yields across various asset classes. The firm manages 19 funds organized into nine distinct families, including offerings in equity high income, fixed income enhancement, digital assets, and alternative strategies, with popular tickers like SPYI (S&P 500 covered call), QQQI (Nasdaq-100 covered call), and QQQH (Nasdaq-100 hedged equity income). NEOS distinguishes itself in the ETF landscape through its emphasis on income generation and downside protection strategies rather than traditional growth approaches.
See our curated list of related YouTube videos on QQQI.
Targets income by selling covered calls on an actively managed basket of FANG and innovation
focused equities while maintaining growth exposure.
Seeks to generate high monthly income in a tax efficient manner while targeting equity appreciation.
Asset class
Equity
Equity
Inception date
10/11/2023
01/29/2024
Beta
1.1684
1.0553
Last dividend
$0.2033
$0.6570
Ex-dividend date
07/15/2026
06/16/2026
Bottom lineChoose FEPI if you want to maximize current income — roughly 24.91%, generated by selling options premium. Choose QQQI if you are comfortable trading away most upside for a large, steady payout. There's no free lunch: FEPI's payout comes from selling options, which caps upside and can erode the share price over time, while QQQI keeps full price exposure.
Most used
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
Want to go deeper?
Add these ETFs to a sample portfolio and forecast your dividend income over 5+ years — no signup required.
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 QQQI (NEOS Nasdaq-100 High Income ETF) are both dividend ETFs, but they take different approaches.
FEPI offers the higher yield at 24.91% vs 14.08% for QQQI. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
FEPI is cheaper with an expense ratio of 0.65% compared to 0.68%.
They track different benchmarks: FEPI is linked to Basket (FANG & innovation equities) while QQQI tracks NASDAQ 100, which means their performance drivers differ.
QQQI is the larger fund by assets ($12.5B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, FEPI would generate roughly $207.58/month, while QQQI would produce $117.33/month, at current distribution rates.
FEPI yield24.91%
QQQI yield14.08%
Monthly diff on $10K$90.25
Cost & efficiency
Over 10 years on $10,000, FEPI would cost approximately $650 in fees vs $680 for QQQI (simplified, not compounded). The $30.00 difference may be offset by yield or performance.
FEPI ER0.65%
QQQI ER0.68%
Strategy & risk
FEPI tracks Basket (FANG & innovation equities) with a covered call approach, while QQQI tracks NASDAQ 100 with an options approach. Beta is 1.1684 for FEPI and 1.0553 for QQQI, indicating QQQI is less volatile relative to the market.
FEPI beta1.1684
QQQI beta1.0553
Fund details
FEPI is managed by REX Shares (launched 10/11/2023) with $682M in assets. QQQI is managed by NEOS (launched 01/29/2024) with $12.5B in assets.
Do us a favor — if you found this comparison useful, please share it with a friend researching dividend ETFs.
Frequently asked questions
Is FEPI or QQQI 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 QQQI?
FEPI (REX FANG & Innovation Equity Premium Income ETF) tracks Basket (FANG & innovation equities) with a covered call approach, while QQQI (NEOS Nasdaq-100 High Income ETF) tracks NASDAQ 100 with an options approach. They are issued by REX Shares and NEOS respectively.
Can I hold both FEPI and QQQI?
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 QQQI?
FEPI has an expense ratio of 0.65% while QQQI charges 0.68%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in FEPI vs QQQI generate?
At current rates, $10,000 in FEPI would generate roughly $207.58 per month ($2,491.00 annually). The same in QQQI would produce about $117.33 per month ($1,408.00 annually).
Explore related screeners
Lateral filters that include these funds — browse the full peer set on DividendVision.
Still deciding? Compare them against your own portfolio
See how each ETF fits alongside your real holdings — forecast future income, analyze overlap, and gauge risk. Start a free 7-day Dividend Vision trial and make the call with your full portfolio in view.
