Dividend comparison
QDTE vs FEPI: Which Is Better for Income?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Roundhill Nasdaq-100 0DTE Covered Call ETF Strategy ETF and REX FANG & Innovation Equity Premium Income ETF, side by side. Updated October 21, 2026.
QDTE vs FEPI: key differences
The short answer, from the latest data on this page.
- Fees. FEPI is cheaper at 0.65% a year versus 0.96% for QDTE. On $10,000 that is $31 a year less in fees.
- Income. QDTE pays more income, yielding 44.45% over the last twelve months versus 26.40% for FEPI. That is about $1,805 more a year on $10,000. QDTE pays weekly, FEPI pays monthly.
- Performance. Over the last 1 year, FEPI returned -10.0% versus -18.7% for QDTE, with dividends reinvested. $10,000 would have grown to $9,003 in FEPI and $8,130 in QDTE.
- Risk. FEPI has been the bumpier ride. Its worst peak-to-trough decline over the last 1 year was -100.0%, against -24.3% for QDTE.
- Diversification. FEPI holds 50 positions and QDTE holds 6. The ten largest positions make up 191.0% of QDTE and 66.7% of FEPI.
- Overlap. QDTE and FEPI share no holdings, so they behave as separate building blocks.
Bottom line: QDTE fits better if you care most about more income today and smaller drawdowns. FEPI fits better if you care most about lower fees, stronger 1-year returns and broader diversification.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | QDTE Roundhill Nasdaq-100 0DTE Covered Call ETF Strategy ETF | FEPI REX FANG & Innovation Equity Premium Income ETF |
|---|---|---|
| Dividend yield (TTM) | 44.45% | 26.40% |
| Dividend / share (TTM) | $12.50 | $10.94 |
| Payout frequency | Weekly | Monthly |
| Last dividend | $0.1292 on Oct 16, 2026 | $0.2094 on Oct 15, 2026 |
| Ex-dividend date | Oct 15, 2026 | Oct 14, 2026 |
| Price | $28.13 | $41.43 |
| Beta | 1.25 | 1.09 |
| Max drawdown (5Y) | -24.3% | -100.0% |
| Market cap | $902.1M | $715.1M |
| Exchange | CBOE | NASDAQ |
| Expense ratio | 0.96% | 0.65% |
| Assets under management | $912.7M | $714.6M |
| Number of holdings | 6 | 50 |
| Top 10 concentration | 191.0% | 66.7% |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
QDTE
$370.39/mo
$4445 /yr at 44.45% yield
FEPI
$219.98/mo
$2640 /yr at 26.40% yield
Dividend history
Total dividends paid per share in each calendar year. QDTE pays weekly; FEPI pays monthly.
| Year | QDTE | FEPI |
|---|---|---|
| 2025 | $13.5402 | $11.6079 |
| 2024 | — | $13.4931 |
Strategy: Options income
These funds own equities and sell call options against them, converting a share of future price appreciation into cash paid out now. How much upside is surrendered depends on the design: writing at the money on the whole portfolio pays the most and keeps the least, while writing on a partial slice or using purchased offsets keeps more of a rally. Distributions come mainly from option premium rather than from company dividends, so the headline yield is not comparable to a dividend fund's.
Payouts are variable rather than contractual, are often taxed as ordinary income, and a fund that pays out more than the strategy earns will see its net asset value drift down over time.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Mar 7, 2024 would now be worth $10,899 in QDTE and $11,540 in FEPI.
| Period | QDTE | FEPI |
|---|---|---|
| 1 month | -2.33% | -2.95% |
| 3 months | -3.43% | 1.94% |
| Year to date | -8.79% | -9.05% |
| 1 year | -18.70% | -9.97% |
| 3 years | — | 40.73% |
| 5 years | — | — |
- QDTE
- FEPI
Both series indexed to 100 on 2024-03-07 using the adjusted closing price series. Past performance does not guarantee future results.
Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
- QDTE
- FEPI
QDTE vs FEPI holdings overlap
0% overlap by weight, with 0 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
Top 10 holdings
Largest positions by portfolio weight.
QDTE6 holdings total
| Name | Weight |
|---|---|
| 4QQQ 271119C00070110QQQ 11/19/2027 70.11 C | 73.39% |
| 4NDX 270319C02510150NDX 03/19/2027 2510.15 C | 25.86% |
| 4NDX 261218C024501004NDX US 12/18/26 C2450.1 FLX | 25.04% |
| 4NDX 270611C03059420NDX 06/11/2027 3059.42 C | 22.05% |
| 4NDX 260918C022500004NDX US 09/18/26 C2250 FLX | 18.15% |
| 4QQQ 270917C00070690QQQ 09/17/2027 70.69 C | 17.65% |
| WEEKRoundhill Weekly T-Bill ETF | 5.25% |
| FGXXXFirst American Government Obligations Fund 12/01/2031 | 3.59% |
Quick verdict
QDTE fits better if you care most about more income today and smaller drawdowns. FEPI fits better if you care most about lower fees, stronger 1-year returns and broader diversification. Model the holding inside your real portfolio before deciding.
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Frequently asked questions
Is QDTE or FEPI better for dividend income?
It depends on your goals. QDTE currently yields 44.45% Trailing Twelve Months (TTM) while FEPI yields 26.40%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between QDTE and FEPI?
Roundhill Nasdaq-100 0DTE Covered Call ETF Strategy ETF (QDTE) is an ETF listed on CBOE. REX FANG & Innovation Equity Premium Income ETF (FEPI) is an ETF listed on NASDAQ. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, QDTE or FEPI?
FEPI has the lower expense ratio. QDTE charges 0.96% a year and FEPI charges 0.65%, a difference of $31 a year on a $10,000 investment.
Which has performed better, QDTE or FEPI?
Over the last 1 year, FEPI has the higher total return with dividends reinvested: QDTE returned -18.7% and FEPI returned -10.0%. Past performance does not predict future returns.
Which is riskier, QDTE or FEPI?
Measured by the worst peak-to-trough decline over the last five years, FEPI has been riskier: QDTE fell as much as 24.3% and FEPI as much as 100.0%. Their betas are 1.25 and 1.09.
How often do QDTE and FEPI pay dividends?
QDTE pays weekly and FEPI pays monthly.
How much income does $10,000 in QDTE vs FEPI generate?
At current TTM yields, $10,000 in QDTE would generate roughly $370.39 per month ($4445 annually). The same amount in FEPI would produce about $219.98 per month ($2640 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both QDTE and FEPI?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare QDTE vs FEPI with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how QDTE and FEPI fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.
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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.