FEPI vs QQQI: Performance, Holdings, Fees & Risk
FEPI and QQQI are ETFs, but they can differ materially in exposure, yield, fees and risk. FEPI is REX FANG & Innovation Equity Premium Income ETF, while QQQI is NEOS Nasdaq-100 High Income ETF. QQQI is broader by holdings count, with 105 positions versus 66 for FEPI. FEPI is more concentrated at the top, based on top-10 holdings weight. Current AlgovestIQ evidence has QQQI ahead on AIQ Score, 49 versus 42.
What is the main difference between FEPI and QQQI?
FEPI and QQQI both concentrate in Technology, at 68% and 61% of assets, and 50% of their weight is in the same securities.
| Metric | FEPI | QQQI |
|---|---|---|
| Fund | ||
| Expense ratio | 0.65% | 0.68% |
| Holdings | 66 | 105 |
| Top-10 concentration | 66.5% | 46.5% |
| Distribution yieldTrailing 12 months | 26.4% | 14.11% |
| Average volume | 201,586 | 5,094,128 |
| Performance | ||
| 1Y return | -12.2% | +0.1% |
| YTD return | -9% | +0.6% |
| Risk | ||
| Annualized volatility | 20.6% | 17.1% |
| Max drawdown (1Y) | -23.3% | -13.7% |
| Beta | 1.30 | 1.20 |
| Sharpe ratio | -0.75 | -0.18 |
| Sortino ratio | -1.14 | -0.26 |
| AlgovestIQ | ||
| AIQ Score | 42/100 | 49/100 |
| AIQ Edge Score | 2/10 | 4/10 |
| Momentum | 29/100 | 30/100 |
| Risk Resilience | 75/100 | 80/100 |
AlgovestIQ AIQ Comparison
REX FANG & Innovation Equity Premium Income ETF vs NEOS Nasdaq-100 High Income ETF
QQQI leads
QQQI leads by 7 AIQ points, primarily on Quality and Risk Resilience.
Competitive: 3 of 4 evidence groups support QQQI, and its current signal state is conflicted.
REX FANG & Innovation Equity Premium Income ETF
NEOS Nasdaq-100 High Income ETF
The Algovestiq AIQ Score currently favors QQQI over FEPI, 49 versus 42 as of Oct 21, 2026. QQQI's advantage is driven primarily by stronger quality and risk resilience. QQQI also shows the stronger technical structure relative to its 50-day moving average. 3 of 4 covered evidence groups favor QQQI today, and the comparison is rated Competitive on stability: the leader is throwing conflicting signals. QQQI lead: Stable — the AIQ differential has held near 7 points over 30 sessions.
Compare REX FANG & Innovation Equity Premium Income ETF and NEOS Nasdaq-100 High Income ETF across performance, expense ratio, dividend yield, drawdown, volatility and the Algovestiq AIQ Score.
FEPI vs QQQI: 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 | FEPI | QQQI | Fits |
|---|---|---|---|
| Lower costExpense ratio | 0.65% | 0.68% | FEPI |
| Broader diversificationNumber of holdings | 66 | 105 | QQQI |
| Lower concentrationWeight of the 10 largest holdings | 66.5% | 46.5% | QQQI |
| Higher incomeTrailing 12-month distribution yield | 26.4% | 14.11% | FEPI |
| Smaller drawdownsMax drawdown, 1 year | -23.3% | -13.7% | QQQI |
| Lower volatilityAnnualized volatility, 1 year | 20.6% | 17.1% | QQQI |
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 FEPI and QQQI 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.
- Quality45 vs 65QQQI +20
- Risk Resilience75 vs 80QQQI +5
- Value33 vs 32Even
- Momentum29 vs 30Even
3 of 4 evidence groups favor QQQI. QQQI’s edge is concentrated in quality and risk resilience.
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 5 active signals are unchanged.
Largest factor move: Momentum -8
No signal started or stopped since the prior session; its 4 active signals are unchanged.
QQQI's lead narrowed by 2 AIQ points in the latest session.
Deeper signal detail for each name lives on its own signals page — FEPI and QQQI both carry a full feed there.
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 | FEPI | QQQI | Why it matters |
|---|---|---|---|
| Expense ratio | 0.65% | 0.68% | Lower is better — it compounds against you every year you hold. |
| Holdings | 66 | 105 | More holdings means broader diversification, not better returns. |
| Average volume | 201,586 | 5,094,128 | Liquidity — matters most if you trade size. |
| Annualized volatility | 20.6% | 17.1% | Lower is a steadier ride for the same exposure. |
| Max drawdown (1Y) | -23.3% | -13.7% | The worst peak-to-trough loss over the past year. |
| Sharpe ratio | -0.75 | -0.18 | Return per unit of risk. Higher is better. |
| Beta | 1.30 | 1.20 | 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
FEPI and QQQI share 49.66% of their weighted exposure across 14 common holdings.
9 holdings are unique to FEPI, and 90 holdings are unique to QQQI. Owning both is a partial overlap: a majority of the capital is distinct, but the largest positions are shared.
FEPI is the more concentrated of the two: its ten largest positions are 66.52% of the fund, against 46.49% for QQQI (66 holdings vs 105). Concentration cuts both ways — it is what drives outperformance when the top names work, and what makes the drawdown deeper when they do not.
Largest shared positions
| Holding | FEPI | QQQI | Shared |
|---|---|---|---|
| AAPLApple Inc | 6.6% | 7.62% | 6.6% |
| NVDANVIDIA Corp | 6.25% | 8.34% | 6.25% |
| MSFTMICROSOFT CORP | 6.41% | 5.81% | 5.81% |
| MUMICRON TECHNOLOGY INC | 6.6% | 4.78% | 4.78% |
| AMZNAMAZON.COM INC | 6.07% | 4.36% | 4.36% |
| AMDADVANCED MICRO DEVICES INC | 6.64% | 3.67% | 3.67% |
| GOOGLALPHABET INC-CL A | 6.07% | 3.11% | 3.11% |
| METAMETA PLATFORMS INC | 7.37% | 3.03% | 3.03% |
Shared weight is the lower of the two positions — the portion of capital both funds genuinely have in the same security.
What FEPI adds that QQQI doesn’t
| Holding | FEPI | QQQI |
|---|---|---|
| METAMETA PLATFORMS INC | 7.37% | 3.03% |
| TSLATesla Inc. | 6.79% | 2.89% |
| ORCLORACLE CORP | 6.67% | Not held |
| SNDKSANDISK CORP/DE SNDKV | 6.61% | 1.08% |
| INTCINTEL CORP | 6.58% | 2.29% |
| NFLXNETFLIX INC | 6.07% | 1.42% |
What QQQI adds that FEPI doesn’t
| Holding | QQQI | FEPI |
|---|---|---|
| GOOGAlphabet Inc | 2.89% | Not held |
| WMTWalmart Inc | 2.27% | Not held |
| CSCOCisco Systems Inc | 1.95% | Not held |
| COSTCostco Wholesale Corp | 1.74% | Not held |
| LRCXLam Research Corp | 1.62% | Not held |
| AMATApplied Materials Inc | 1.6% | 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.
FEPI vs QQQI: five-year payout growth
FEPI began paying distributions in 2023, so it has no 2020-2025 growth rate to compare. QQQI began paying distributions in 2024, so it has no 2020-2025 growth rate to compare.
| Dividend metric | FEPI | QQQI |
|---|---|---|
| 2025 annual payout | $11.608 | $7.443 |
| 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
3 of 4 covered evidence groups favor QQQI. A wide gap backed by one group is a weaker case than a narrow gap backed by five.
| Evidence group | Favors | Reading |
|---|---|---|
| AIQ Score | QQQI | 42 vs 49 |
| Fundamentals | Not covered | Not covered |
| Valuation | Even | Value 33 vs 32 |
| Technicals | QQQI | Price vs 50-day -2.1% vs -1.8%; vs 200-day -3% vs -0.1% |
| Risk Resilience | QQQI | Risk Resilience 75 vs 80 |
| 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 FEPI and QQQI and are excluded from the count.
AIQ Decision Stability
The two are close enough that your objective, not the score, should decide.
- The AIQ gap is moderate at 7 points.
- The lead has been steady session to session. (supports the conclusion holding)
- 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 QQQI.
How the comparison changed
45 daily snapshots · Sep 6 – Oct 20QQQI lead: Stable — the AIQ differential has held near 7 points over 30 sessions.
- Today
- QQQI +7
- 42 vs 49
- 7 sessions ago
- QQQI +9
- 42 vs 51
- 30 sessions ago
- QQQI +9
- 49 vs 58
- 90 sessions ago
- Not covered
The lead changed hands once in this window, most recently on Sep 21 when QQQI 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.
0 bullish / 4 bearish / 1 neutral
Only FEPI
- Death Cross Active — bearish, trend, long horizon (0.71%)
- Keltner Channel Breakdown — bearish, volatility, short horizon
- Downtrend Structure Active — bearish, trend, long horizon
1 bullish / 1 bearish / 2 neutral, conflicted
Only QQQI
- Golden Cross Active — bullish, trend, long horizon (1.41%)
- ATR Contraction - Coiling — neutral, volatility, short horizon (1.28%)
Both carry 2 more signals that do not separate them: Bollinger Band Squeeze, MACD Bearish Crossover.
QQQI 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 +0.22%, AIQ 0 points).
Price and the AIQ Score both moved down over the latest session (price -0.3%, AIQ -2 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 Quality gap — currently 20 points behind, the largest single contributor to QQQI's edge.
- 2FEPI's Death Cross Active resolves — a bearish trend rule currently active against it.
- 3QQQI's conflicting signal state resolves bearish — it currently carries 1 bullish and 1 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
QQQI leads 5 of 6 windows| Metric | FEPI | QQQI |
|---|---|---|
| 1 week (5 sessions) | -4.3% | -3.1% |
| 1 month (20 sessions) | -4.8% | -3% |
| 3 months (63 sessions) | 0.3% | -0.3% |
| 6 months (126 sessions) | -3.9% | 0.9% |
| Year to date | -9% | 0.6% |
| 1 year (252 sessions) | -12.2% | 0.1% |
Technicals
QQQI has the stronger structure| Metric | FEPI | QQQI |
|---|---|---|
| RSI (14) | 36.4 | 36.7 |
| ADX (14) | 20.9 | 19.3 |
| Price vs 50-day | -2.1% | -1.8% |
| Price vs 200-day | -3% | -0.1% |
| Volatility (1M, annualized) | 17.4% | 12.9% |
Risk
QQQI is the more resilient| Metric | FEPI | QQQI |
|---|---|---|
| Beta | 1.3 | 1.2 |
| Sharpe ratio | -0.75 | -0.18 |
| Sortino ratio | -1.14 | -0.26 |
| Max drawdown | -23.3% | -13.7% |
| Current drawdown | -16.4% | -6.1% |
| Annualized volatility | 20.6% | 17.1% |
| Value at risk (95%) | -2.2% | -1.8% |
Straight answers
Short answers to the questions fund investors ask about this pair, from the figures above.
What is the difference between FEPI and QQQI?
FEPI and QQQI both concentrate in Technology, at 68% and 61% of assets, and 50% of their weight is in the same securities.
How much do FEPI and QQQI overlap?
FEPI and QQQI share 49.66% of their weighted exposure across 14 common holdings. 9 holdings are unique to FEPI, and 90 holdings are unique to QQQI. Owning both is a partial overlap: a majority of the capital is distinct, but the largest positions are shared.
Which ETF is more diversified, FEPI or QQQI?
QQQI holds more positions: 105 versus 66 for FEPI.
Which has the lower expense ratio?
FEPI has the lower expense ratio, 0.65% a year against 0.68% for QQQI.
Which ETF has the higher distribution yield?
FEPI, with a trailing 12-month distribution yield of 26.4% against 14.11% for QQQI.
Which ETF has been more volatile?
FEPI has been more volatile over the past year, at 20.6% annualized against 17.1% for QQQI.
Which ETF has had the smaller drawdown?
QQQI fell less from peak to trough over the past year: -13.7% against -23.3% for FEPI.
Compare FEPI and QQQI 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.