FEPI vs QQQ
REX FANG & Innovation Equity Premium Income ETF vs Invesco QQQ Trust, Series 1
Which is better, FEPI or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.91. QQQ is less concentrated, with 46.7% 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 | QQQ |
|---|---|---|
| Expense Ratio | 0.65% | 0.18%Best |
| AUM | $746M | $506.1B |
| Dividend Yield | 24.59% | 0.42% |
| Holdings | 65 | 321 |
| YTD Return | +11.21% | +19.30%Best |
| 1Y Return | +14.02% | +22.47%Best |
| 3Y Return (annualized) | +24.36% | +26.18%Best |
| 5Y Return (annualized) | - | +15.42% |
| Volatility (annualized) | 16.4%Best | 17.2% |
| Max Drawdown | -23.6% | -22.8%Best |
| $10,000 over 3 years | $19,117 | $19,932Best |
| Top 10 Weight | 63.7% | 46.7%Best |
| Fund Family | REX Shares | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Oct 9, 2023 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Oct 11, 2023 to Oct 14, 2026 (3 years).
FEPI vs QQQ 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 QQQ Performance
REX FANG & Innovation Equity Premium Income ETF (FEPI) is an ETF from REX Shares and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year FEPI returned +14.02% while QQQ returned +22.47%. Year to date, FEPI is up 11.21% versus a gain of 19.30% for QQQ.
Over three years, FEPI compounded at +24.36% per year against +26.18% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.2% compared with 16.4% for FEPI. 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 -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FEPI charges 0.65% per year while QQQ charges 0.18%. On a $10,000 position that is $65 vs $18 annually, a gap of $47 per year that compounds over a long holding period. On income, FEPI currently yields 24.59% against 0.42% for QQQ.
Holdings Overlap
86.8% of FEPI's money is in holdings QQQ also owns. 54.5% of QQQ's money is in holdings FEPI also owns.
Most of FEPI is already inside QQQ. Owning both mostly buys the same companies twice.
16 positions in common, counted across the 20 positions we hold weights for in FEPI and 101 in QQQ, against full books of 65 and 321.
What only one of them owns
Our book lists 77 positions for QQQ that do not appear in our book for FEPI (41.8% of the fund), and 4 for FEPI that do not appear in QQQ (15.2%).
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 QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 9.43% | 8.33% | 1.10% |
| AAPLApple, Inc | 8.82% | 7.35% | 1.47% |
| MSFTMicrosoft Corp | 9.28% | 5.76% | 3.52% |
| AMZNAmazon.Com Inc | 8.85% | 4.07% | 4.78% |
| MUMicron Technology, Inc. | 4.70% | 5.02% | 0.32% |
| AMDAdvanced Micro Devices Inc | 4.72% | 4.17% | 0.55% |
| METAMeta Platforms Inc | 4.50% | 3.26% | 1.24% |
| INTCIntel Corporation | 4.54% | 2.64% | 1.90% |
| GOOGLAlphabet Inc | 4.09% | 3.05% | 1.04% |
| TSLATesla Inc | 4.03% | 2.82% | 1.21% |
86.8% of FEPI is already inside QQQ.
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 QQQ?
FEPI has an expense ratio of 0.65% while QQQ charges 0.18%. QQQ is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, FEPI or QQQ?
Over the past year FEPI returned +14.02% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FEPI or QQQ?
QQQ has been the more volatile fund at 17.2% annualized versus 16.4% for FEPI. Worst drawdown: FEPI -23.6% vs QQQ -22.8%.
Should I hold both FEPI and QQQ?
FEPI and QQQ have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between FEPI and QQQ?
86.8% of FEPI's money is in holdings QQQ also owns. 54.5% of QQQ's is in holdings FEPI also owns. They hold 16 positions in common, counted across the 20 positions we hold weights for in FEPI and 101 in QQQ.
Which pays a higher dividend, FEPI or QQQ?
FEPI yields 24.59% while QQQ yields 0.42%, so FEPI currently pays the higher dividend yield.
Is QQQ better than FEPI?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.91. QQQ is less concentrated, with 46.7% 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.