FEPI vs SPY
REX FANG & Innovation Equity Premium Income ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FEPI or SPY?
Each has led over a different period.
SPY has a lower expense ratio. FEPI led over 3Y and the full window, SPY over 1Y. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 68.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FEPI | SPY |
|---|---|---|
| Expense Ratio | 0.65% | 0.09%Best |
| AUM | $691M | $804.7B |
| Dividend Yield | 26.83% | 0.98% |
| Holdings | 65 | 505 |
| YTD Return | +12.20% | +12.99%Best |
| 1Y Return | +16.07% | +16.73%Best |
| 3Y Return (annualized) | +25.01%Best | +22.52% |
| 5Y Return (annualized) | - | +13.07% |
| Volatility (annualized) | 16.5% | 12.4%Best |
| Max Drawdown | -23.6% | -18.8%Best |
| $10,000 over 3 years | $19,536Best | $18,383 |
| Top 10 Weight | 68.9% | 37.8%Best |
| Fund Family | REX Shares | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Oct 9, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Oct 11, 2023 to Sep 23, 2026 (3 years).
FEPI vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3 years both funds cover.
FEPI vs SPY Performance
REX FANG & Innovation Equity Premium Income ETF (FEPI) is an ETF from REX Shares and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year FEPI returned +16.07% while SPY returned +16.73%. Year to date, FEPI is up 12.20% versus a gain of 12.99% for SPY.
Over three years, FEPI compounded at +25.01% per year against +22.52% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FEPI has been the more volatile fund, with annualized monthly volatility of 16.5% compared with 12.4% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -23.6% for FEPI and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FEPI charges 0.65% per year while SPY charges 0.09%. On a $10,000 position that is $65 vs $9 annually, a gap of $56 per year that compounds over a long holding period. On income, FEPI currently yields 26.83% against 0.98% for SPY.
Holdings Overlap
100.0% of FEPI's money is in holdings SPY also owns. 39.1% of SPY's money is in holdings FEPI also owns.
Most of FEPI is already inside SPY. Owning both mostly buys the same companies twice.
15 positions in common, counted across the 15 positions we hold weights for in FEPI and 504 in SPY, against full books of 65 and 505.
What only one of them owns
Our book lists 482 positions for SPY that do not appear in our book for FEPI (60.3% of the fund), and 0 for FEPI that do not appear in SPY (0.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FEPI | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 6.77% | 8.01% | 1.24% |
| AAPLApple, Inc | 6.87% | 7.26% | 0.39% |
| MSFTMicrosoft Corp | 6.88% | 5.66% | 1.22% |
| AMZNAmazon.Com Inc | 6.46% | 3.79% | 2.67% |
| GOOGLAlphabet Inc,class A | 6.48% | 2.99% | 3.49% |
| METAMeta Platforms Inc | 7.24% | 1.93% | 5.31% |
| TSLATesla Inc | 7.28% | 1.52% | 5.76% |
| AVGOBroadcom Inc | 6.11% | 2.66% | 3.45% |
| MUMicron Technology, Inc. | 6.70% | 1.60% | 5.10% |
| PLTRPalantir Technologies Inc | 6.85% | 0.63% | 6.22% |
100.0% of FEPI is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FEPI or SPY?
FEPI has an expense ratio of 0.65% while SPY charges 0.09%. SPY is the cheaper option, by $56 a year on a $10,000 investment.
Which performed better, FEPI or SPY?
Over the past year FEPI returned +16.07% vs +16.73% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FEPI or SPY?
FEPI has been the more volatile fund at 16.5% annualized versus 12.4% for SPY. Worst drawdown: FEPI -23.6% vs SPY -18.8%.
Should I hold both FEPI and SPY?
FEPI and SPY have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FEPI and SPY?
100.0% of FEPI's money is in holdings SPY also owns. 39.1% of SPY's is in holdings FEPI also owns. They hold 15 positions in common, counted across the 15 positions we hold weights for in FEPI and 504 in SPY.
Which pays a higher dividend, FEPI or SPY?
FEPI yields 26.83% while SPY yields 0.98%, so FEPI currently pays the higher dividend yield.
Is SPY better than FEPI?
SPY has a lower expense ratio. FEPI led over 3Y and the full window, SPY over 1Y. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 68.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.