Dividend comparison
XDTE vs FEPI: Which Is Better for Income?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF and REX FANG & Innovation Equity Premium Income ETF, side by side. Updated October 21, 2026.
XDTE vs FEPI: key differences
The short answer, from the latest data on this page.
- Fees. FEPI is cheaper at 0.65% a year versus 0.97% for XDTE. On $10,000 that is $32 a year less in fees.
- Income. XDTE pays more income, yielding 30.05% over the last twelve months versus 26.40% for FEPI. That is about $365 more a year on $10,000. XDTE pays weekly, FEPI pays monthly.
- Performance. Over the last 1 year, FEPI returned -10.0% versus -11.3% for XDTE, with dividends reinvested. $10,000 would have grown to $9,003 in FEPI and $8,872 in XDTE.
- Risk. FEPI has been the bumpier ride. Its worst peak-to-trough decline over the last 1 year was -100.0%, against -19.1% for XDTE.
- Diversification. FEPI holds 50 positions and XDTE holds 6. The ten largest positions make up 192.2% of XDTE and 66.7% of FEPI.
- Overlap. XDTE and FEPI share no holdings, so they behave as separate building blocks.
- Size. FEPI is the larger fund with $715 million in assets, against $324 million for XDTE.
Bottom line: XDTE fits better if you care most about more income today and smaller drawdowns. FEPI fits better if you care most about lower fees and broader diversification.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | XDTE Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF | FEPI REX FANG & Innovation Equity Premium Income ETF |
|---|---|---|
| Dividend yield (TTM) | 30.05% | 26.40% |
| Dividend / share (TTM) | $11.46 | $10.94 |
| Payout frequency | Weekly | Monthly |
| Last dividend | $0.1440 on Oct 16, 2026 | $0.2094 on Oct 15, 2026 |
| Ex-dividend date | Oct 15, 2026 | Oct 14, 2026 |
| Price | $38.14 | $41.43 |
| Beta | 0.92 | 1.09 |
| Max drawdown (5Y) | -19.1% | -100.0% |
| Market cap | $322.3M | $715.1M |
| Exchange | CBOE | NASDAQ |
| Expense ratio | 0.97% | 0.65% |
| Assets under management | $324.2M | $714.6M |
| Number of holdings | 6 | 50 |
| Top 10 concentration | 192.2% | 66.7% |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
XDTE
$250.41/mo
$3005 /yr at 30.05% yield
FEPI
$219.98/mo
$2640 /yr at 26.40% yield
Dividend history
Total dividends paid per share in each calendar year. XDTE pays weekly; FEPI pays monthly.
| Year | XDTE | FEPI |
|---|---|---|
| 2025 | $13.4830 | $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 $11,281 in XDTE and $11,540 in FEPI.
| Period | XDTE | FEPI |
|---|---|---|
| 1 month | -0.57% | -2.95% |
| 3 months | -0.88% | 1.94% |
| Year to date | -3.86% | -9.05% |
| 1 year | -11.28% | -9.97% |
| 3 years | — | 40.73% |
| 5 years | — | — |
- XDTE
- 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.
- XDTE
- FEPI
XDTE 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.
XDTE6 holdings total
| Name | Weight |
|---|---|
| 4SPY 271119C00077430SPY 11/19/2027 77.43 C | 89.76% |
| 4SPX 270319C00678800SPX 03/19/2027 678.8 C | 67.92% |
| 4SPX 270611C00678800SPX 06/11/2027 678.8 C | 24.55% |
| WEEKRoundhill Weekly T-Bill ETF | 7.48% |
| FGXXXFirst American Government Obligations Fund 12/01/2031 | 2.52% |
Quick verdict
XDTE fits better if you care most about more income today and smaller drawdowns. FEPI fits better if you care most about lower fees and broader diversification. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how XDTE vs FEPI fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is XDTE or FEPI better for dividend income?
It depends on your goals. XDTE currently yields 30.05% 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 XDTE and FEPI?
Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF (XDTE) 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, XDTE or FEPI?
FEPI has the lower expense ratio. XDTE charges 0.97% a year and FEPI charges 0.65%, a difference of $32 a year on a $10,000 investment.
Which has performed better, XDTE or FEPI?
Over the last 1 year, FEPI has the higher total return with dividends reinvested: XDTE returned -11.3% and FEPI returned -10.0%. Past performance does not predict future returns.
Which is riskier, XDTE or FEPI?
Measured by the worst peak-to-trough decline over the last five years, FEPI has been riskier: XDTE fell as much as 19.1% and FEPI as much as 100.0%. Their betas are 0.92 and 1.09.
How often do XDTE and FEPI pay dividends?
XDTE pays weekly and FEPI pays monthly.
How much income does $10,000 in XDTE vs FEPI generate?
At current TTM yields, $10,000 in XDTE would generate roughly $250.41 per month ($3005 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 XDTE 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 XDTE vs FEPI with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how XDTE 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.