FEPI vs QLTY
REX FANG & Innovation Equity Premium Income ETF vs GMO US Quality ETF
Which is better, FEPI or QLTY?
Each has led over a different period.
QLTY has a lower expense ratio. FEPI led over 3Y and the full window, QLTY over 1Y. QLTY is less concentrated, with 45.5% of the fund in its ten largest positions against 63.7%.
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 | QLTY |
|---|---|---|
| Expense Ratio | 0.65% | 0.50%Best |
| AUM | $746M | $5.4B |
| Dividend Yield | 24.59% | 0.66% |
| Holdings | 65 | 90 |
| YTD Return | +11.21% | +14.13%Best |
| 1Y Return | +14.02% | +20.95%Best |
| 3Y Return (annualized) | +24.36%Best | +21.84% |
| Volatility (annualized) | 16.0% | 11.9%Best |
| Max Drawdown | -23.6% | -17.0%Best |
| $10,000 over 2.9 years | $18,236Best | $17,733 |
| Top 10 Weight | 63.7% | 45.5%Best |
| Fund Family | REX Shares | GMO |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Oct 9, 2023 | Nov 13, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 15, 2023 to Oct 14, 2026 (2.9 years).
FEPI vs QLTY 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 2.9 years both funds cover.
FEPI vs QLTY Performance
REX FANG & Innovation Equity Premium Income ETF (FEPI) is an ETF from REX Shares and GMO US Quality ETF (QLTY) is an ETF from GMO. Over the past year FEPI returned +14.02% while QLTY returned +20.95%. Year to date, FEPI is up 11.21% versus a gain of 14.13% for QLTY.
Over three years, FEPI compounded at +24.36% per year against +21.84% for QLTY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FEPI has been the more volatile fund, with annualized monthly volatility of 16.0% compared with 11.9% for QLTY. 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 -17.0% for QLTY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FEPI charges 0.65% per year while QLTY charges 0.50%. On a $10,000 position that is $65 vs $50 annually, a gap of $15 per year that compounds over a long holding period. On income, FEPI currently yields 24.59% against 0.66% for QLTY.
Holdings Overlap
56.4% of FEPI's money is in holdings QLTY also owns. 36.5% of QLTY's money is in holdings FEPI also owns.
The two portfolios partly overlap.
9 positions in common, counted across the 20 positions we hold weights for in FEPI and 45 in QLTY, against full books of 65 and 90.
What only one of them owns
Our book lists 36 positions for QLTY that do not appear in our book for FEPI (63.2% of the fund), and 11 for FEPI that do not appear in QLTY (45.6%).
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 QLTY | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 9.28% | 8.00% | 1.28% |
| AAPLApple, Inc | 8.82% | 4.20% | 4.62% |
| NVDANvidia Corp | 9.43% | 3.30% | 6.13% |
| AMZNAmazon.Com Inc | 8.85% | 3.50% | 5.35% |
| METAMeta Platforms Inc | 4.50% | 4.80% | 0.30% |
| GOOGLAlphabet Inc | 4.09% | 4.90% | 0.81% |
| AVGOBroadcom Inc | 4.07% | 3.70% | 0.37% |
| NFLXNetflix, Inc. | 3.75% | 2.10% | 1.65% |
| CRMSalesforce Inc Crm Us Equity | 3.60% | 2.00% | 1.60% |
56.4% of FEPI is already inside QLTY.
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 QLTY?
FEPI has an expense ratio of 0.65% while QLTY charges 0.50%. QLTY is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, FEPI or QLTY?
Over the past year FEPI returned +14.02% vs +20.95% for QLTY, so QLTY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FEPI or QLTY?
FEPI has been the more volatile fund at 16.0% annualized versus 11.9% for QLTY. Worst drawdown: FEPI -23.6% vs QLTY -17.0%.
Should I hold both FEPI and QLTY?
FEPI and QLTY have a monthly-return correlation of 0.70, 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 QLTY?
56.4% of FEPI's money is in holdings QLTY also owns. 36.5% of QLTY's is in holdings FEPI also owns. They hold 9 positions in common, counted across the 20 positions we hold weights for in FEPI and 45 in QLTY.
Which pays a higher dividend, FEPI or QLTY?
FEPI yields 24.59% while QLTY yields 0.66%, so FEPI currently pays the higher dividend yield.
Is QLTY better than FEPI?
QLTY has a lower expense ratio. FEPI led over 3Y and the full window, QLTY over 1Y. QLTY is less concentrated, with 45.5% of the fund in its ten largest positions against 63.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.