FEPI vs SPYI
REX FANG & Innovation Equity Premium Income ETF compared with Neos S&P 500(R) High Income ETF on yield, payout growth, payment schedule, cost and risk.
FEPI
REX FANG & Innovation Equity Premium Income ETF
TTM yield · Weekly
SPYI
Neos S&P 500(R) High Income ETF
TTM yield · Monthly
Quick take
- FEPI yields more today: 25.14% vs 11.81% (forward).
- SPYI has grown its payout faster: 3.6%/yr vs -10.8%/yr over the last 1 year.
- FEPI pays every week; SPYI pays every month.
- Over the last year FEPI delivered the higher total return: +17.6% vs +16.6% (price change plus payouts).
- FEPI is cheaper to own: 0.65% vs 0.68% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | FEPI | SPYI |
|---|---|---|
| Share price | $42.67 | $53.65 |
| TTM yield | 25.04% | 11.81% |
| Forward yield | 25.14% | 11.81% |
| Annual payout per share | $10.7259 | $6.334 |
| Payment frequency | Weekly | Monthly |
| Next ex-date | Sep 9, 2026 (est.) | Sep 16, 2026 (est.) |
| Expense ratio | 0.65% | 0.68% |
| 1-year payout growth | -10.8% | +3.6% |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | 0 years | 3 years |
| Payout consistency (last 12) | 97/100 | 99/100 |
| 1-year total return | +17.6% | +16.6% |
| 1-year price return | -6.0% | +4.3% |
| Size (market cap / AUM) | 698.0M | 11.7B |
| Years paying | 2.8 | 4.0 |
| Sector / category | Derivative Income | Derivative Income |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| FEPI | SPYI | |
|---|---|---|
| Shares | 234.4 | 186.4 |
| Income per year | $2,514 | $1,181 |
| Income per month (avg) | $209 | $98 |
At forward yields, before taxes. Model FEPI · Model SPYI
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| FEPI Sep 9, 2026 | Sep 10, 2026 | $0.2063 | Est. |
| FEPI Sep 16, 2026 | Sep 17, 2026 | $0.2063 | Est. |
| FEPI Sep 23, 2026 | Sep 24, 2026 | $0.2063 | Est. |
| SPYI Sep 16, 2026 | Sep 30, 2026 | $0.5278 | Est. |
| SPYI Oct 14, 2026 | Oct 28, 2026 | $0.5278 | Est. |
| SPYI Nov 11, 2026 | Nov 25, 2026 | $0.5278 | Est. |
Annual payouts per share
FEPISPYI
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, FEPI or SPYI?
FEPI currently has the higher trailing yield: FEPI yields 25.04% and SPYI yields 11.81%. Yield changes daily with price, so check the live figures above.
How often do FEPI and SPYI pay?
FEPI pays every week and SPYI pays every month. FEPI's next ex-date is Sep 9, 2026 and SPYI's is Sep 16, 2026.
Which has grown its dividend faster, FEPI or SPYI?
SPYI has grown its payout faster: 3.6%/yr vs -10.8%/yr over the last 1 year.
Is FEPI or SPYI better for income?
It depends on what you are optimising for. FEPI and SPYI differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.