FEPI vs HFRO
Comparison between REX FANG & INNOVATION EQUITY PREMIUM INCOME ETF (FEPI, ETF) and Highland Opportunities and Income Fund (HFRO, ETF).
FEPI vs HFRO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FEPI
$655M
Winner
HFRO
$655M
Expense Ratio
FEPI
0.65%
HFRO
N/A
Max Drawdown
Winner
FEPI
35.25%
HFRO
72.48%
Sharpe Ratio
FEPI
0.65
Winner
HFRO
0.97
5Y Beta
FEPI
1.11
Winner
HFRO
0.59
P/E Ratio
FEPI
35.35
HFRO
N/A
Forward P/E
FEPI
22.99
HFRO
N/A
PEG Ratio
FEPI
0.21
HFRO
N/A
5Y Dividends CAGR
FEPI
N/A
HFRO
-14.33%
5Y EPS CAGR
FEPI
33.90%
HFRO
N/A
Debt to Equity
FEPI
25.29%
HFRO
N/A
P/S Ratio
FEPI
9.81
HFRO
N/A
P/B Ratio
FEPI
10.61
HFRO
N/A
FEPI vs HFRO - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FEPI
+6.90%
HFRO
-2.87%
3M
FEPI
-3.18%
Winner
HFRO
+14.90%
6M
FEPI
+10.37%
Winner
HFRO
+19.01%
1Y
FEPI
+15.89%
Winner
HFRO
+24.08%
5Y(CAGR)
FEPI
N/A
HFRO
-0.16%
10Y(CAGR)
FEPI
N/A
HFRO
-0.69%
Max(CAGR)
Winner
FEPI
+18.17%
HFRO
-0.69%
FEPI vs HFRO - Annual Returns (2017 - 2026)
Returns include dividend reinvestment.
| Year | FEPI | HFRO |
|---|---|---|
| 2026 | +6.78% | +23.69% |
| 2025 | +18.50% | +22.68% |
| 2024 | +17.07% | -29.13% |
| 2023 | +11.69% | -16.57% |
| 2022 | N/A | +0.78% |
| 2021 | N/A | +14.90% |
| 2020 | N/A | -8.01% |
| 2019 | N/A | +2.92% |
| 2018 | N/A | -12.60% |
| 2017 | N/A | +1.01% |
FEPI vs HFRO Drawdown Comparison
The maximum drawdown for FEPI was -23.56%, occurring on Apr 8, 2025. Recovery took 138 trading sessions.
The maximum drawdown for HFRO was -52.76%, occurring on Apr 8, 2025. This drawdown has not yet recovered.
The current FEPI drawdown is -5.42%. The current HFRO drawdown is -16.51%.
| Rank | FEPI | HFRO |
|---|---|---|
| #1 | -23.56% Dec 6, 2024 - Jun 30, 2025 | -52.76% Aug 17, 2022 - Apr 8, 2025 |
| #2 | -14.93% May 29, 2026 - Jul 29, 2026 | -49.42% Jul 24, 2018 - Mar 29, 2022 |
| #3 | -14.19% Jul 10, 2024 - Nov 6, 2024 | -9.70% May 6, 2022 - Aug 15, 2022 |
| #4 | -12.95% Oct 29, 2025 - Apr 24, 2026 | -3.99% Nov 7, 2017 - Dec 22, 2017 |
| #5 | -7.41% Apr 1, 2024 - May 15, 2024 | -2.92% Jan 31, 2018 - Feb 21, 2018 |
| #6 | -6.57% Oct 12, 2023 - Nov 3, 2023 | -2.88% Feb 23, 2018 - Jul 11, 2018 |
| #7 | -3.90% Feb 9, 2024 - Feb 29, 2024 | -2.01% Mar 31, 2022 - May 2, 2022 |
| #8 | -3.48% Aug 14, 2025 - Sep 8, 2025 | -0.96% Dec 22, 2017 - Jan 4, 2018 |
| #9 | -3.33% Nov 8, 2024 - Dec 4, 2024 | -0.96% Jan 9, 2018 - Jan 22, 2018 |
| #10 | -3.28% Mar 1, 2024 - Apr 1, 2024 | -0.94% Jul 16, 2018 - Jul 24, 2018 |
| #11 | -2.51% May 28, 2024 - Jun 10, 2024 | -0.76% Mar 29, 2022 - Mar 31, 2022 |
| #12 | -2.46% Oct 8, 2025 - Oct 20, 2025 | -0.71% Jan 4, 2018 - Jan 9, 2018 |
| #13 | -2.44% Dec 28, 2023 - Jan 10, 2024 | -0.67% May 4, 2022 - May 6, 2022 |
| #14 | -2.17% May 14, 2026 - May 21, 2026 | -0.51% Jan 22, 2018 - Jan 29, 2018 |
| #15 | -1.90% Jul 28, 2025 - Aug 6, 2025 | -0.31% Feb 21, 2018 - Feb 23, 2018 |
Correlation
Correlation between FEPI and HFRO is 0.49 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
0.49
-101
Dividend Comparison (2017 - 2026)
FEPI vs HFRO dividend yield comparison.
| Year | FEPI | HFRO |
|---|---|---|
| 2026 | 15.14% | 4.34% |
| 2025 | 25.48% | 7.73% |
| 2024 | 27.18% | 8.90% |
| 2023 | 4.21% | 12.02% |
| 2022 | 0.00% | 8.97% |
| 2021 | 0.00% | 8.41% |
| 2020 | 0.00% | 8.99% |
| 2019 | 0.00% | 7.43% |
| 2018 | 0.00% | 7.22% |
| 2017 | 0.00% | 0.99% |
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