FEPI vs. WEEI ETF Comparison
Comparison of REX FANG & Innovation Equity Premium Income ETF (FEPI) to Westwood Salient Enhanced Energy Income ETF (WEEI)
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
$51.96
Average Daily Volume
126,441
15
WEEI
Westwood Salient Enhanced Energy Income ETF
WEEI Description
The fund is an actively managed ETF that seeks to achieve its investment objectives by investing, under normal circumstances, at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in securities of Midstream North American corporations and Midstream U.S. master limited partnerships ("MLPs") (collectively, "Midstream Investments"). The fund is non-diversified.Grade (RS Rating)
Last Trade
$24.23
Average Daily Volume
1,424
22
Performance
| Period | FEPI | WEEI |
|---|---|---|
| 30 Days | 1.93% | 5.21% |
| 60 Days | 5.57% | 7.57% |
| 90 Days | 6.98% | 4.97% |
| 12 Months | 21.54% |
0 Overlapping Holdings
| Symbol | Grade | Weight in FEPI | Weight in WEEI | Overlap |
|---|
FEPI Underweight 22 Positions Relative to WEEI
| Symbol | Grade | Weight | |
|---|---|---|---|
| XOM | B | -20.74% | |
| CVX | A | -16.3% | |
| COP | C | -6.62% | |
| EOG | A | -5.0% | |
| WMB | A | -4.81% | |
| SLB | C | -4.73% | |
| OKE | A | -4.6% | |
| MPC | D | -3.98% | |
| PSX | C | -3.9% | |
| KMI | A | -3.74% | |
| FANG | C | -3.62% | |
| HES | B | -3.24% | |
| VLO | C | -3.23% | |
| BKR | A | -3.05% | |
| OXY | D | -3.01% | |
| TRGP | A | -2.94% | |
| HAL | C | -1.93% | |
| EQT | B | -1.89% | |
| DVN | F | -1.79% | |
| CTRA | B | -1.39% | |
| MRO | B | -1.07% | |
| APA | D | -0.74% |
FEPI: Top Represented Industries & Keywords
WEEI: Top Represented Industries & Keywords
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