FEPI vs. IXP ETF Comparison
Comparison of REX FANG & Innovation Equity Premium Income ETF (FEPI) to iShares Global Telecom ETF (IXP)
FEPI
REX FANG & Innovation Equity Premium Income ETF
FEPI Description
FEPI employs a covered call strategy, aiming for a balance between generating income and participating in potential gains within the technology sector. Specifically, the fund holds the stocks of its benchmark, the Solactive FANG Innovation Index, and writes slightly out-of-the-money call options on them. This approach capitalizes on the volatility of big-tech firms that is reflected in the option premiums, while limiting some of the potential stock gains. It also provides a small buffer against declines in stock prices. Note that the buffer is limited to the options premiums and may not fully offset underlying security losses. The benchmark is an equal-weighted index comprised of 15 US technology companies, eight of which are core holdings: Apple, Alphabet, Amazon, Meta, Microsoft, Netflix, Nvidia, and Tesla. The remaining seven are selected based on quarterly trading volumes from various Factset technology-related industries.
Grade (RS Rating)
Last Trade
$53.71
Average Daily Volume
109,149
15
IXP
iShares Global Telecom ETF
IXP Description
The investment seeks to track the investment results of an index composed of global equities in the telecommunications sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the S&P Global 1200 Telecommunications Sector IndexTM, which measures the performance of companies that S&P Dow Jones Indices LLC ("S&P"), deems to be part of the telecommunications sector of the economy and that S&P believes are important to global markets. The fund is non-diversified.Grade (RS Rating)
Last Trade
$85.72
Average Daily Volume
15,204
25
Performance
| Period | FEPI | IXP |
|---|---|---|
| 30 Days | -0.71% | 0.64% |
| 60 Days | 0.31% | 4.42% |
| 90 Days | 0.18% | 5.19% |
| 12 Months | 33.74% |
FEPI Underweight 22 Positions Relative to IXP
| Symbol | Grade | Weight | |
|---|---|---|---|
| GOOG | B | -12.66% | |
| DIS | D | -4.45% | |
| VZ | D | -4.07% | |
| CMCSA | D | -3.78% | |
| T | B | -2.99% | |
| TMUS | B | -2.14% | |
| EA | F | -0.78% | |
| BIDU | C | -0.76% | |
| CHTR | F | -0.64% | |
| TTWO | D | -0.56% | |
| OMC | A | -0.46% | |
| WBD | F | -0.44% | |
| CHT | C | -0.36% | |
| LYV | D | -0.31% | |
| IPG | D | -0.29% | |
| NWSA | D | -0.22% | |
| MTCH | F | -0.21% | |
| FOXA | B | -0.19% | |
| PARA | C | -0.16% | |
| FOX | B | -0.09% | |
| VIV | F | -0.08% | |
| NWS | D | -0.07% |
FEPI: Top Represented Industries & Keywords
IXP: Top Represented Industries & Keywords
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