FEPI vs. SOXS ETF Comparison
Comparison of REX FANG & Innovation Equity Premium Income ETF (FEPI) to Direxion Daily Semiconductor Bear 3x Shares (SOXS)
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
$52.95
Average Daily Volume
112,076
15
SOXS
Direxion Daily Semiconductor Bear 3x Shares
SOXS Description
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse of the performance of the PHLX Semiconductor Sector Index. The fund creates short positions by investing at least 80% of its assets in: futures contracts; options on securities, indices and futures contracts; equity caps, floors and collars; swap agreements; forward contracts; short positions; reverse repurchase agreements; ETFs; and other financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The index measures the performance of the semiconductor subsector of the U.S. equity market. The fund is non-diversified.Grade (RS Rating)
Last Trade
$35.12
Average Daily Volume
17,595,175
26
Performance
| Period | FEPI | SOXS |
|---|---|---|
| 30 Days | -2.47% | 8.73% |
| 60 Days | -2.16% | 10.34% |
| 90 Days | 0.20% | -30.20% |
| 12 Months | -82.75% |
FEPI Underweight 21 Positions Relative to SOXS
| Symbol | Grade | Weight | |
|---|---|---|---|
| QCOM | A | -8.23% | |
| TXN | A | -7.85% | |
| NXPI | A | -4.15% | |
| LRCX | D | -4.14% | |
| TSM | C | -3.95% | |
| AMAT | C | -3.89% | |
| KLAC | B | -3.8% | |
| ADI | A | -3.79% | |
| MCHP | A | -3.53% | |
| ASML | D | -3.0% | |
| SWKS | F | -2.85% | |
| MRVL | D | -2.56% | |
| QRVO | F | -1.8% | |
| TER | A | -1.59% | |
| ON | F | -1.38% | |
| MPWR | C | -1.06% | |
| ENTG | D | -1.02% | |
| MKSI | D | -0.84% | |
| SLAB | D | -0.7% | |
| CRUS | C | -0.66% | |
| SMTC | A | -0.49% |
FEPI: Top Represented Industries & Keywords
SOXS: Top Represented Industries & Keywords
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