ETF·NASDAQ
REX FANG & Innovation Equity Premium Income ETF (FEPI)
- Net assets
- $720.60M
- Expense ratio
- 0.65%
- Yield
- 1.02%
- 52-week range
- $37.90 $49.68
The short version
Where FEPI stands today, in four lines, and what CleaRank Financial AI makes of it.
FEPI at a glance
REX FANG & Innovation Equity Premium Income ETF (FEPI): Strong Sell, 19/100 on CleaRank's AI score.
- Trend Down: the price is below both its 50- and 200-day moving averages ($42.42 and $42.75).
- Fund Expense ratio 0.65%, $720.6M in net assets, +16.0% total return over 1 year.
Figures as of October 17, 2026.
CleaRank Financial AI
Only on CleaRank
Figures we compute ourselves from FEPI's own price history. Tap one to see it in context.
Price and trading
The chart, today's range and how far the price has moved over each period.
Trend checks
0/4Price above its 50-day average ›
The price of $40.89 is 3.6% below the 50-day simple moving average of $42.42.Price above its 200-day average ›
The price is 4.3% below the 200-day simple moving average of $42.75.50-day average above the 200-day ›
The 50-day average ($42.42) is 0.8% below the 200-day average ($42.75), the arrangement of a falling longer-term trend.In the upper half of its 52-week range ›
The price sits at 25% of its 52-week range, between $37.90 and $49.68.
FEPI share price
Pick a period: each tab shows how far FEPI has moved over it, to the last close.
Today's trading
Where FEPI sits inside today's range and its 52-week range.
Fund facts and valuation
What the fund holds, what it costs and how it is valued.
Fund checks
2/5Expense ratio at or below 0.20% ›
The fund charges 0.65% a year, $65.00 on a $10,000 holding.Over $1B in net assets ›
Net assets total $720.6M.No sector above 35% of the fund ›
The largest sector, Technology, makes up 68.8% of the fund.Pays a distribution ›
The distribution yield is 1.02%.Positive return over one year ›
The fund family reports a one-year total return of 16.02%.
FEPI Fund Facts
REX FANG & Innovation Equity Premium Income ETF is an actively managed equity ETF that focuses on a concentrated group of U.S. technology and innovation leaders. Its portfolio is built around companies associated with the FANG and broader innovation theme, including major names in software, semiconductors, internet platforms, cloud infrastructure, and digital media. The fund seeks to combine exposure to these growth-oriented businesses with current income through an options-based premium income approach.
Sector weights
Trailing total returns
| Period | FEPI |
|---|---|
| YTD | 12.18% |
| 1 month | 3.60% |
| 3 months | 5.80% |
| 1 year | 16.02% |
As of Oct 17, 2026, FEPI has an expense ratio of 0.65%, $720.60M in net assets and a distribution yield of 1.02%.
Fund reference data as of Oct 17, 2026. Expense ratio and net assets are reported by the fund; returns are total returns and can differ from price change.
Key statistics
The headline figures for FEPI.
What the numbers say
CleaRank Financial AI's reading of FEPI's holdings, performance and risks.
Technology is the largest sector in REX FANG & Innovation Equity Premium Income ETF (FEPI) at 68.8%, ahead of Communication Services at 18.7% and Consumer Cyclical at 12.5%. With more than half in one sector, FEPI moves with that sector more than a broadly spread fund would. FEPI is a Derivative Income fund from Rex, launched on October 11, 2023.
A holding in FEPI carries an annual expense ratio of 0.65%, which comes to $65.00 on every $10,000 placed in the fund. Net assets stand at $720.6M, and the distribution yield is 1.02%. Turnover in the portfolio is 147%.
With 68.8% of its holdings in Technology, the fund depends heavily on one sector. On a typical day the price of FEPI shifts by 1.03%, the 30-day standard deviation of its daily returns. Until the price regains its moving averages, the trend works against holders. The price is 17.69% below its 52-week high of $49.68.
AI analysis and technicals
CleaRank's score and reasoning, the indicators behind it, and what the price moves with.
Momentum checks
1/3RSI not overbought or oversold ›
The 14-day RSI is 31.4, showing bearish momentum without being oversold.RSI above 50 ›
An RSI of 31.4 is below the 50 midpoint, so sellers have had the upper hand over the last 14 days.MACD line above zero ›
The MACD line is negative, so the 12-day average is below the 26-day average.
CleaRank AI analysis of FEPI
The score, the reasoning behind it, and what could move the price next.
Trend readings for REX FANG & Innovation Equity Premium Income ETF (FEPI) are pointing down. The price of $40.89 sits 4.34% below its 200-day average of $42.75 and 3.61% below its 50-day average of $42.42. Near the bottom of its 52-week range, the price is 7.89% above the low of $37.90 and 17.69% below the high of $49.68. Because the 50-day average is 0.76% below the 200-day, the shorter average backs up the weakness instead of cutting against it.
Momentum on the 14-day RSI, at 31.4, sits in the bearish zone without reaching oversold territory, and the MACD line is negative. Short-term and longer-term readings disagree here. Over the past month the price fell 2.04%, yet over three months it rose 0.62%, and over the past year it fell 13.31%. In the last session, volume came in 77.2% above its average while the price dropped 2.90%.
- Two levels deserve attention: the 50-day SMA at $42.42 sits above the price, and the 52-week low at $37.90 sits below it.
- The 14-day RSI reads 31.4, in the bearish zone, with the MACD line negative; readings above 70 or below 30 mark stretched momentum.
- Fees add up over time. FEPI's expense ratio of 0.65% a year amounts to $65.00 on every $10,000 invested.
FEPI sits below its 50-day and 200-day moving averages ($42.42 and $42.75), and that placement is why the trend reads down. A move back above the 50-day would be the first sign of repair. That 50-day SMA, at $42.42, is the closest level overhead.
REX FANG & Innovation Equity Premium Income ETF (FEPI) has the 52-week low at $37.90 as the next level beneath the price. The RSI reading in the bearish zone keeps momentum pointing lower.
Technical indicators
Momentum and trend for FEPI, from its daily closes.
As of October 17, 2026, with FEPI at $40.89, its 14-day RSI is 31.4 (showing bearish momentum without being oversold), its 50-day simple moving average is $42.42 and its 200-day is $42.75.
Calculated by CleaRank on daily closes as of October 17, 2026: Wilder's 14-day RSI, 50- and 200-day simple moving averages, MACD line (12, 26).
What FEPI moves with
Correlation of daily returns over one year: +1 moves in step, 0 has no link, -1 moves the opposite way.
As of October 17, 2026, FEPI's 1-year correlation of daily returns is +0.84 with S&P 500 (SPY), +0.90 with Nasdaq 100 (QQQ), +0.45 with Bitcoin (BTC) and +0.17 with gold (XAU).
A trade plan, if you want one
Entry, stop and target levels from the moving averages and recent volatility. Educational, not advice.
FEPI trade plan
Entry, stop and target levels, sized to your account. Change the bias or the risk and every level updates.
Short entry pick an entry style
Risk management
Profit targets (Based on Conservative Entry)
These levels come from FEPI's moving averages and recent volatility, not from a forecast. Educational levels, not financial advice; the full disclaimer is at the foot of the page.
Risk profile
How much FEPI tends to move, against the market and on its own.
The long record
FEPI's worst falls and recoveries, what $10,000 became, and which months have been kind to it.
Track record checks
3/4Average daily move under 2% ›
The price has moved 1.03% on an average day (30-day standard deviation of daily returns).Recovered from its worst fall ›
The worst fall was 18.7%, from December 2024 to April 2025, regained by July 2025.Most 1-year holds ended higher ›
94% of 1-year holding periods in the last 3 years ended with a gain.Beat the S&P 500 since the chart begins ›
$10,000 invested in October 2023 is now worth $16,321, against $18,137 in the S&P 500 (SPY).
FEPI Drawdowns & Recovery
As of October 17, 2026, FEPI's worst peak-to-trough fall over the last 3 years with dividends reinvested was -18.7% (December 2024 to April 2025); it regained that peak by July 2025, 3 months after the low, and 94% of 1-year holding periods ended with a gain.
From weekly closing values with dividends reinvested. A drawdown is the fall from the highest value reached so far to a later low.
Growth of $10,000
What $10,000 put into FEPI in October 2023 is worth now, against the same amount in the S&P 500.
Against the market: FEPI trailed the S&P 500 over this period: $16,321 against $18,137.
A $10,000 investment in FEPI in October 2023 would be worth about $16,321 today with dividends reinvested, compared with about $18,137 for the same investment in the S&P 500 benchmark (also with dividends reinvested).
Seasonal patterns
Which calendar months have been kind to FEPI, and which have not.
Strongest month, May: an average of +4.78%.
Weakest month, March: an average of -4.34%.
This month, October: has averaged -0.49%. Past seasonality does not repeat on schedule.
Average return for each calendar month over the stored price history; treat short histories with caution.
Long-term scenarios
Thousands of simulated paths from the price history. A range of outcomes, not a forecast.
Monte Carlo projection
Thousands of simulated paths for $10,000 in FEPI, from its own past volatility. The shaded area holds 80% of them.
CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in FEPI today could grow to about $12,649 by 2036 in the base case, with a 90th-percentile outcome near $28,524 and a 10th-percentile outcome around $5,610. The simulation models price only; at today's 1.02% yield, dividends would add to these figures. Projections are statistical simulations, not guarantees.
FEPI 2030 Scenarios (Monte Carlo)
The same simulation in share prices, year by year.
CleaRank's simulation projects a price near $44.92 for FEPI by 2030 in the base case, from $40.89 today (1.1x over 4 years). The 10th-percentile path ends near $26.86. These are outcomes of a Monte Carlo simulation run on FEPI's historical return distribution, not price targets, and they assume no dividends are reinvested.
| Year | 10th percentile | Base case | 90th percentile | range base today |
|---|---|---|---|---|
| 2027 | $32.37 | $41.86 | $54.14 | |
| 2028 | $29.79 | $42.86 | $61.65 | |
| 2029 | $28.11 | $43.88 | $68.50 | |
| 2030 | $26.86 | $44.92 | $75.13 | |
| 2031 | $25.88 | $45.99 | $81.73 |
Method: a lognormal simulation of FEPI's own volatility and capped historical trend, re-run daily; base case is the median path, the outer columns the 10th and 90th percentiles.
Questions people ask
Answered from the figures on this page, as of October 17, 2026.