AMZY vs FEPI: Performance, Holdings, Fees & Risk
AMZY and FEPI are ETFs, but they can differ materially in exposure, yield, fees and risk. AMZY is YieldMax AMZN Option Income Strategy ETF, while FEPI is REX FANG & Innovation Equity Premium Income ETF. FEPI is broader by holdings count, with 66 positions versus 15 for AMZY. FEPI has the lower expense ratio. Current AlgovestIQ evidence has AMZY ahead on AIQ Score, 50 versus 42.
What is the main difference between AMZY and FEPI?
FEPI holds 66 positions to AMZY's 15, and 0% of their weight is in the same securities.
| Metric | AMZY | FEPI |
|---|---|---|
| Fund | ||
| Expense ratio | 1.09% | 0.65% |
| Holdings | 15 | 66 |
| Distribution yieldTrailing 12 months | 47.65% | 26.4% |
| Average volume | 283,910 | 201,586 |
| Performance | ||
| 1Y return | -24% | -12.2% |
| YTD return | -21% | -9% |
| Risk | ||
| Annualized volatility | 28.1% | 20.6% |
| Max drawdown (1Y) | -34.8% | -23.3% |
| Beta | 1.16 | 1.30 |
| Sharpe ratio | -0.96 | -0.75 |
| Sortino ratio | -1.56 | -1.14 |
| AlgovestIQ | ||
| AIQ Score | 50/100 | 42/100 |
| AIQ Edge Score | 4/10 | 2/10 |
| Momentum | 48/100 | 29/100 |
| Risk Resilience | 68/100 | 75/100 |
AlgovestIQ AIQ Comparison
YieldMax AMZN Option Income Strategy ETF vs REX FANG & Innovation Equity Premium Income ETF
AMZY leads
AMZY leads by 8 AIQ points, primarily on Momentum, having only recently taken the lead back from FEPI.
Fragile: 1 of 3 evidence groups support AMZY, the lead recently changed hands, and its current signal state is conflicted.
YieldMax AMZN Option Income Strategy ETF
REX FANG & Innovation Equity Premium Income ETF
The Algovestiq AIQ Score currently favors AMZY over FEPI, 50 versus 42 as of Oct 21, 2026. AMZY's advantage is driven primarily by stronger momentum, while FEPI holds the stronger risk resilience profile. AMZY also shows the stronger technical structure relative to its 50-day moving average. 1 of 3 covered evidence groups favor AMZY today, and the comparison is rated Fragile on stability: only 1 of 3 covered evidence groups agree. AMZY lead: Reversed — FEPI led by 4 AIQ points 30 sessions ago; AMZY now leads by 8.
Compare YieldMax AMZN Option Income Strategy ETF and REX FANG & Innovation Equity Premium Income ETF across performance, expense ratio, dividend yield, drawdown, volatility and the Algovestiq AIQ Score.
AMZY vs FEPI: which fits what
Each row is settled by a single measure. Where the gap is too small to matter it reads Similar, and no row decides the comparison as a whole.
| If you want | AMZY | FEPI | Fits |
|---|---|---|---|
| Lower costExpense ratio | 1.09% | 0.65% | FEPI |
| Broader diversificationNumber of holdings | 15 | 66 | FEPI |
| Higher incomeTrailing 12-month distribution yield | 47.65% | 26.4% | AMZY |
| Smaller drawdownsMax drawdown, 1 year | -34.8% | -23.3% | FEPI |
| Lower volatilityAnnualized volatility, 1 year | 28.1% | 20.6% | FEPI |
Similar means the gap is within 0.01 percentage points of expense ratio, 25% more holdings, 3 points of top-10 weight, 0.2 points of yield, 2 points of drawdown or 1 point of volatility. Past drawdowns and volatility describe the funds’ history, not their future.
Performance over time
Total return with distributions reinvested, from daily closes for both ETFs.
Total return comparison
Growth of $10,000, distributions reinvested
Split-adjusted closes; each distribution is reinvested at the close on its ex-dividend date. Taxes and trading costs are not modeled.
Compare AMZY and FEPI against another ticker
Open a multi-ticker workspace without changing this focused pair page.
AIQ Factor Divergence
Where the two separate, on the four dimensions behind the AIQ Score. Bars read outward from a shared zero: further from the centre is a wider gap.
- Momentum48 vs 29AMZY +19
- Risk Resilience68 vs 75FEPI +7
- Quality42 vs 45Even
1 of 3 evidence groups favor AMZY. AMZY’s edge is concentrated in momentum; FEPI keeps a meaningful risk resilience edge.
What changed since the last close
Latest scored session 2026-10-20, compared against the prior scored session 2026-10-19.
Largest factor move: Quality +1, not enough on its own to move the overall score.
No signal started or stopped since the prior session; its 3 active signals are unchanged.
Largest factor move: Quality +1, not enough on its own to move the overall score.
No signal started or stopped since the prior session; its 5 active signals are unchanged.
AMZY's lead was unchanged in the latest session.
Deeper signal detail for each name lives on its own signals page — AMZY and FEPI both carry a full feed there.
The central trade-off
AMZY (YieldMax AMZN Option Income Strategy ETF): the stronger current systematic profile, led by momentum.
FEPI (REX FANG & Innovation Equity Premium Income ETF): the counter-case, on risk resilience, technicals.
Fund facts, side by side
Two funds tracking overlapping universes are separated by cost and risk far more than by holdings. Those lead here.
| Measure | AMZY | FEPI | Why it matters |
|---|---|---|---|
| Expense ratio | 1.09% | 0.65% | Lower is better — it compounds against you every year you hold. |
| Holdings | 15 | 66 | More holdings means broader diversification, not better returns. |
| Average volume | 283,910 | 201,586 | Liquidity — matters most if you trade size. |
| Annualized volatility | 28.1% | 20.6% | Lower is a steadier ride for the same exposure. |
| Max drawdown (1Y) | -34.8% | -23.3% | The worst peak-to-trough loss over the past year. |
| Sharpe ratio | -0.96 | -0.75 | Return per unit of risk. Higher is better. |
| Beta | 1.16 | 1.30 | Sensitivity to the broad market. Neither direction is better — it depends on the role in your portfolio. |
Where the exposure actually sits
Sector exposure for each fund, ordered by the size of the difference.
How much of the same holdings they own
AMZY and FEPI share 0% of their weighted exposure across 0 common holdings.
6 holdings are unique to AMZY, and 23 holdings are unique to FEPI. Owning both is genuinely additive — most of the capital sits in different securities.
What AMZY adds that FEPI doesn’t
| Holding | AMZY | FEPI |
|---|---|---|
| United States Treasury Note/Bond 2.375% 05/15/2027 | 24.9% | Not held |
| United States Treasury Bill 07/08/2027 | 20.64% | Not held |
| United States Treasury Bill 02/18/2027 | 17.14% | Not held |
| United States Treasury Bill 12/10/2026 | 11.59% | Not held |
| United States Treasury Bill 10/15/2026 | 9.85% | Not held |
| First American Government Obligations Fund 12/01/2031 | 2.67% | Not held |
What FEPI adds that AMZY doesn’t
| Holding | FEPI | AMZY |
|---|---|---|
| METAMETA PLATFORMS INC | 7.37% | Not held |
| TSLATesla Inc. | 6.79% | Not held |
| ORCLORACLE CORP | 6.67% | Not held |
| AMDADVANCED MICRO DEVICES INC | 6.64% | Not held |
| SNDKSANDISK CORP/DE SNDKV | 6.61% | Not held |
| AAPLAPPLE INC | 6.6% | Not held |
Each list is a fund’s largest positions by weight that the other fund does not hold, or holds at less than half the weight.
AMZY vs FEPI: five-year payout growth
AMZY began paying distributions in 2023, so it has no 2020-2025 growth rate to compare. FEPI began paying distributions in 2023, so it has no 2020-2025 growth rate to compare.
| Dividend metric | AMZY | FEPI |
|---|---|---|
| 2025 annual payout | $6.984 | $11.608 |
| Peer rank | not ranked | not ranked |
Split-adjusted annual distributions, 2020–2025. Research as of Sep 19, 2026. Yield and expense ratio above are current values, not part of this window.
AIQ Agreement Matrix
1 of 3 covered evidence groups favor AMZY. A wide gap backed by one group is a weaker case than a narrow gap backed by five.
| Evidence group | Favors | Reading |
|---|---|---|
| AIQ Score | AMZY | 50 vs 42 |
| Fundamentals | Not covered | Not covered |
| Valuation | Not covered | Not covered |
| Technicals | FEPI | Price vs 50-day -0.7% vs -2.1%; vs 200-day -8.1% vs -3% |
| Risk Resilience | FEPI | Risk Resilience 68 vs 75 |
| Analyst expectations | Not covered | Not covered |
✓ agrees with the overall verdict · ✕ points the other way. Groups marked “not covered” lack data on one or both of AMZY and FEPI and are excluded from the count.
AIQ Decision Stability
The conclusion is sensitive to small changes. Treat the lead as provisional and watch the flip conditions below.
- The AIQ gap is moderate at 8 points.
- Only 1 of 3 covered evidence groups agree. (argues the conclusion is provisional)
- The lead has already changed hands inside the comparison window. (argues the conclusion is provisional)
- The leader is throwing conflicting signals. (argues the conclusion is provisional)
Stability combines the score gap, how broadly the evidence agrees, how steady the lead has been across daily snapshots, the current signal state on both names, and analyst dispersion on AMZY.
How the comparison changed
45 daily snapshots · Sep 6 – Oct 20AMZY lead: Reversed — FEPI led by 4 AIQ points 30 sessions ago; AMZY now leads by 8.
- Today
- AMZY +8
- 50 vs 42
- 7 sessions ago
- AMZY +6
- 48 vs 42
- 30 sessions ago
- FEPI +4
- 45 vs 49
- 90 sessions ago
- Not covered
The lead changed hands 2 times in this window, most recently on Oct 14 when AMZY moved ahead of FEPI.
AIQ Signal Divergence
Only the signals that bear on the head-to-head. A conflicted name is carrying bullish and bearish rules at the same time — the technical evidence is not pointing one way.
1 bullish / 2 bearish, conflicted
Only AMZY
- MACD Bullish Crossover — bullish, momentum, short horizon
0 bullish / 4 bearish / 1 neutral
Only FEPI
- Bollinger Band Squeeze — neutral, volatility, short horizon
- Keltner Channel Breakdown — bearish, volatility, short horizon
- MACD Bearish Crossover — bearish, momentum, short horizon
Both carry 2 more signals that do not separate them: Death Cross Active, Downtrend Structure Active.
AMZY leads the comparison while carrying a conflicted signal state, which is one reason the stability rating is not higher.
Price vs model alignment
Whether the latest session's price move confirms what the model did over the same session, or contradicts it.
Neither the price nor the AIQ Score moved enough in the latest session to confirm or contradict the other (price 0%, AIQ 0 points).
Neither the price nor the AIQ Score moved enough in the latest session to confirm or contradict the other (price +0.22%, AIQ 0 points).
What would flip this result
A state, not a forecast. These are the specific, observable changes that would reverse the verdict — not a price prediction.
- 1FEPI closes the Momentum gap — currently 19 points behind, the largest single contributor to AMZY's edge.
- 2FEPI's Death Cross Active resolves — a bearish trend rule currently active against it.
- 3AMZY's conflicting signal state resolves bearish — it currently carries 1 bullish and 2 bearish rules at once.
- 4A regime shift changes factor weighting — Quality and Value carry the heaviest weights in the composite, so a rotation toward either would move the result most.
The full evidence
Every number behind the verdict. The leader is called above each group so you are not left to solve it from the table.
Performance
FEPI leads 4 of 6 windows| Metric | AMZY | FEPI |
|---|---|---|
| 1 week (5 sessions) | 0.3% | -4.3% |
| 1 month (20 sessions) | 0% | -4.8% |
| 3 months (63 sessions) | -2.4% | 0.3% |
| 6 months (126 sessions) | -15.1% | -3.9% |
| Year to date | -21% | -9% |
| 1 year (252 sessions) | -24% | -12.2% |
Technicals
FEPI has the stronger structure| Metric | AMZY | FEPI |
|---|---|---|
| RSI (14) | 57 | 36.4 |
| ADX (14) | 12 | 20.9 |
| Price vs 50-day | -0.7% | -2.1% |
| Price vs 200-day | -8.1% | -3% |
| Volatility (1M, annualized) | 22.3% | 17.4% |
Risk
FEPI is the more resilient| Metric | AMZY | FEPI |
|---|---|---|
| Beta | 1.16 | 1.3 |
| Sharpe ratio | -0.96 | -0.75 |
| Sortino ratio | -1.56 | -1.14 |
| Max drawdown | -34.8% | -23.3% |
| Current drawdown | -31.5% | -16.4% |
| Annualized volatility | 28.1% | 20.6% |
| Value at risk (95%) | -2.7% | -2.2% |
Straight answers
Short answers to the questions fund investors ask about this pair, from the figures above.
What is the difference between AMZY and FEPI?
FEPI holds 66 positions to AMZY's 15, and 0% of their weight is in the same securities.
How much do AMZY and FEPI overlap?
AMZY and FEPI share 0% of their weighted exposure across 0 common holdings. 6 holdings are unique to AMZY, and 23 holdings are unique to FEPI. Owning both is genuinely additive — most of the capital sits in different securities.
Which ETF is more diversified, AMZY or FEPI?
FEPI holds more positions: 66 versus 15 for AMZY.
Which has the lower expense ratio?
FEPI has the lower expense ratio, 0.65% a year against 1.09% for AMZY.
Which ETF has the higher distribution yield?
AMZY, with a trailing 12-month distribution yield of 47.65% against 26.4% for FEPI.
Which ETF has been more volatile?
AMZY has been more volatile over the past year, at 28.1% annualized against 20.6% for FEPI.
Which ETF has had the smaller drawdown?
FEPI fell less from peak to trough over the past year: -23.3% against -34.8% for AMZY.
Compare AMZY and FEPI with others
Continue your research
This page answers which of the two. These answer the questions on either side of it.
How this comparison is scored
The Algovestiq AIQ Score composites four factors — Quality, Value, Momentum and Risk, each carrying a fixed weight. Sentiment is reported separately as SentimentPulse and is not folded into the composite. Scores refresh every trading day, and this page regenerates from the latest snapshot rather than being written once.
The verdict names a leader, states how broadly six independent evidence groups agree, and rates how durable that conclusion is given the score gap, its recent trajectory and the current signal state on both names.
How to use side-by-side comparison →This comparison is informational and educational, not investment advice. AIQ scores update daily; re-check after earnings, guidance or macro data that materially changes either name’s factor profile.