FEPI vs. SSG ETF Comparison

Comparison of REX FANG & Innovation Equity Premium Income ETF (FEPI) to ProShares UltraShort Semiconductors (SSG)

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

$52.43

Average Daily Volume

116,802

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SSG

ProShares UltraShort Semiconductors

SSG Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. SemiconductorsSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index measures the performance of the semiconductor sub-sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$12.67

Average Daily Volume

70,341

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FEPI	SSG
30 Days	-3.54%	4.71%
60 Days	-1.74%	-13.92%
90 Days	0.27%	-37.34%
12 Months		-81.61%

5 Overlapping Holdings

Symbol	Grade	Weight in FEPI	Weight in SSG	Overlap
AMD	C	5.75%	4.48%	4.48%
AVGO	B	7.26%	9.66%	7.26%
INTC	F	5.72%	20.47%	5.72%
MU	A	8.78%	5.04%	5.04%
NVDA	B	6.69%	12.05%	6.69%

FEPI Overweight 10 Positions Relative to SSG

Symbol	Grade	Weight
GOOGL	A	7.41%
AMZN	A	7.07%
META	D	6.94%
NFLX	D	6.85%
MSFT	D	6.69%
AAPL	F	6.6%
PANW	B	6.55%
ADBE	D	6.5%
TSLA	D	6.46%
CRM	D	6.33%

FEPI Underweight 20 Positions Relative to SSG

Symbol	Grade	Weight
TXN	B	-9.72%
QCOM	B	-8.64%
AMAT	B	-4.58%
LRCX	C	-3.53%
ADI	A	-3.48%
KLAC	B	-2.23%
MCHP	A	-2.06%
SWKS	B	-1.67%
MRVL	C	-1.5%
QRVO	B	-1.06%
TER	B	-0.93%
ON	D	-0.81%
OLED	D	-0.71%
ENTG	C	-0.6%
MPWR	C	-0.58%
MKSI	C	-0.5%
SLAB	D	-0.41%
CRUS	C	-0.38%
SMTC	A	-0.29%
IDCC	C	-0.15%