ETF·NASDAQ
REX FANG & Innovation Equity Premium Income ETF (FEPI)
- Net assets
- $720.60M
- Expense ratio
- 0.65%
- Yield
- 6.79%
- 52-week range
- $35.06 $48.23
FEPI ETF outlook today
Where FEPI stands today, and what CleaRank Financial AI makes of it.
FEPI at a glance
REX FANG & Innovation Equity Premium Income ETF (FEPI): Strong Sell, 15/100 on CleaRank's AI score.
- Trend Down: the price is below both its 50- and 200-day moving averages ($41.74 and $42.31).
- Fund Expense ratio 0.65%, $720.6M in net assets, price down 23.6% over 1 year.
Figures as of November 6, 2026.
CleaRank Financial AI
Only on CleaRank
Figures we compute ourselves from FEPI's own price history. Tap one to see it in context.
FEPI ETF price and trading
The chart, today's range and how far the price has moved over each period.
Trend checks
0/4Price below its 50-day average ›
The price of $35.92 is 13.9% below the 50-day simple moving average of $41.74.Price below its 200-day average ›
The price is 15.1% below the 200-day simple moving average of $42.31.50-day average below the 200-day ›
The 50-day average ($41.74) is 1.4% below the 200-day average ($42.31), the arrangement of a falling longer-term trend.In the lower half of its 52-week range ›
The price sits at 7% of its 52-week range, between $35.06 and $48.23.
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.
FEPI fund facts and valuation
What the fund holds, what it costs and how it is valued.
Fund checks
1/5Expense ratio above 0.20% ›
The fund charges 0.65% a year, $65.00 on a $10,000 holding.Under $1B in net assets ›
Net assets total $720.6M.One sector above 35% of the fund ›
The largest sector, Technology, makes up 68.8% of the fund.Pays a distribution ›
The distribution yield is 6.79%.Price down over one year ›
The price fell 23.57% over the past year, before the fund's 6.79% distribution yield.
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
Total returns to the latest month-end, as the fund family reports them
| Period | FEPI |
|---|---|
| YTD | 12.18% |
| 1 month | 3.60% |
| 3 months | 5.80% |
| 1 year | 16.02% |
As of Nov 8, 2026, FEPI has an expense ratio of 0.65%, $720.60M in net assets and a distribution yield of 6.79%.
Fund reference data as of Nov 8, 2026. Expense ratio and net assets are reported by the fund. The trailing returns are the fund family's own month-end total returns, with distributions included, so they can differ from the price changes elsewhere on this page.
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.
The yearly cost of owning FEPI is 0.65%, which comes to $65.00 on a $10,000 holding. The fund's net assets come to $720.6M, and its portfolio turnover is 147%.
The 30-day standard deviation of FEPI's daily returns is 2.11%. With 68.8% of its holdings in Technology, the fund depends heavily on one sector. Until the price regains its moving averages, the trend works against holders. The price is 25.52% below its 52-week high of $48.23.
FEPI AI analysis and technical indicators
CleaRank's score and reasoning, the indicators behind it, and what the price moves with.
Momentum checks
0/3RSI overbought or oversold ›
The 14-day RSI is 27.0, in oversold territory.RSI below 50 ›
An RSI of 27.0 is below the 50 midpoint, so sellers have had the upper hand over the last 14 days.MACD line below zero ›
The MACD line is negative, so the 12-day average is below the 26-day average.
CleaRank Financial AI analysis of FEPI
The score, the reasoning behind it, and what could move the price next.
REX FANG & Innovation Equity Premium Income ETF (FEPI) is in a downtrend. The price of $35.92 sits 15.11% below its 200-day average of $42.31 and 13.94% below its 50-day average of $41.74. Near the floor of its 52-week range, the price is 2.45% above the low of $35.06 and 25.52% below the high of $48.23. The 50-day average is 1.36% below the 200-day average, a gap that supports the weak reading rather than cutting against it.
Momentum signals for FEPI are weak right now: the 14-day RSI sits at 27.0, in the oversold zone, and the MACD line is negative. Returns point the same way across longer windows.
- The two closest levels to keep an eye on are the 20-day EMA, which sits at $39.65 above the price, and the 52-week low at $35.06 below it.
- A 14-day RSI of 27.0 places FEPI in oversold territory, and the MACD line is negative. Readings above 70 or below 30 signal stretched momentum.
- Costs compound: at 0.65% a year, FEPI charges $65.00 on every $10,000 invested.
The trend for FEPI is down because the price sits below its 50-day and 200-day moving averages ($41.74 and $42.31). A move back above the 50-day would be the first hint of recovery. The first level the price meets on the way up is the 20-day EMA, at $39.65.
The 52-week low at $35.06 is the next level below. Momentum is washed out, with the RSI below the oversold line; a turn back above it would be an early sign of stabilising.
Technical indicators
Momentum and trend for FEPI, from its daily closes.
As of November 6, 2026, with FEPI at $35.92, its 14-day RSI is 27.0 (oversold territory), its 50-day simple moving average is $41.74 and its 200-day is $42.31.
Calculated by CleaRank on daily closes as of November 6, 2026: Wilder's 14-day RSI, 50- and 200-day simple moving averages, MACD line (12, 26). How we calculate these
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 November 6, 2026, FEPI's 1-year correlation of daily returns is +0.84 with S&P 500 (SPY), +0.90 with Nasdaq 100 (QQQ), +0.43 with Bitcoin (BTC) and +0.17 with gold (XAU).
FEPI risk and volatility
How much it moves day to day, and how it stacks up against similar assets.
Risk profile
How much FEPI tends to move, against the market and on its own.
FEPI price history and drawdowns
FEPI's worst falls and recoveries, what $10,000 became, and which months have been kind to it.
Track record checks
2/4Typical daily move of 2% or more ›
A typical daily move is 2.11% (the standard deviation of the last 30 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 ›
92% of 1-year holding periods in the last 3 years ended with a gain.Trailed the S&P 500 since November 2023 ›
$10,000 invested in November 2023 is now worth $14,853, against $18,037 in the S&P 500 (SPY).
FEPI Drawdowns & Recovery
As of November 6, 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 92% 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 November 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: $14,853 against $18,037.
A $10,000 investment in FEPI in November 2023 would be worth about $14,853 today with dividends reinvested, compared with about $18,037 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, November: has averaged +0.62%. Past seasonality does not repeat on schedule.
Average return for each calendar month over the stored price history; treat short histories with caution.
FEPI long-term scenarios 2029
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 3-year Monte Carlo simulation, based on 3.0 years of price history, projects that a $10,000 investment in FEPI today could grow to about $10,284 by 2029 in the base case, with a 90th-percentile outcome near $16,345 and a 10th-percentile outcome around $6,471. The simulation models price only; at today's 6.79% yield, dividends would add to these figures. Projections are statistical simulations, not guarantees.
FEPI 2029 Scenarios (Monte Carlo)
The same simulation in prices, year by year.
CleaRank's simulation projects a price near $36.94 for FEPI by 2029 in the base case, from $35.92 today (1.0x over 3 years). The 10th-percentile path ends near $23.24. 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 | $27.75 | $36.26 | $47.38 | |
| 2028 | $25.07 | $36.60 | $53.42 | |
| 2029 | $23.24 | $36.94 | $58.71 |
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. How the simulation works
FEPI ETF outlook: questions people ask
Answered from the figures on this page, as of November 6, 2026.