FEPI vs NKX

Comparison between REX FANG & INNOVATION EQUITY PREMIUM INCOME ETF (FEPI, ETF) and Nuveen California AMT-Free Quality Municipal Income Fund (NKX, ETF).

FEPI vs NKX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FEPI(ETF)	NKX(ETF)
Net Assets	$655M	$654M
Expense Ratio	0.65%	N/A
Max Drawdown	35.25%	48.99%
Sharpe Ratio	0.65	0.73
5Y Beta	1.11	0.13
P/E Ratio	35.35	N/A
Forward P/E	22.99	N/A
PEG Ratio	0.21	N/A
5Y Dividends CAGR	N/A	8.20%
5Y EPS CAGR	33.90%	N/A
Debt to Equity	25.29%	N/A
P/S Ratio	9.81	N/A
P/B Ratio	10.61	N/A

Net Assets

Winner

FEPI

$655M

NKX

$654M

Expense Ratio

FEPI

0.65%

NKX

N/A

Max Drawdown

Winner

FEPI

35.25%

NKX

48.99%

Sharpe Ratio

FEPI

0.65

Winner

NKX

0.73

5Y Beta

FEPI

1.11

Winner

NKX

0.13

P/E Ratio

FEPI

35.35

NKX

N/A

Forward P/E

FEPI

22.99

NKX

N/A

PEG Ratio

FEPI

0.21

NKX

N/A

5Y Dividends CAGR

FEPI

N/A

NKX

8.20%

5Y EPS CAGR

FEPI

33.90%

NKX

N/A

Debt to Equity

FEPI

25.29%

NKX

N/A

P/S Ratio

FEPI

9.81

NKX

N/A

P/B Ratio

FEPI

10.61

NKX

N/A

FEPI vs NKX - Historical Returns

Returns include dividend reinvestment.

Period	FEPI	NKX
1 month	+6.90%	+0.33%
3 months	-3.18%	-1.66%
6 months	+10.37%	-1.95%
1 year	+15.89%	+10.58%
5 years(CAGR)	N/A	-0.40%
10 years(CAGR)	N/A	+1.77%
Max(CAGR)	+18.17%	+4.83%

Winner

FEPI

+6.90%

NKX

+0.33%

FEPI

-3.18%

Winner

NKX

-1.66%

Winner

FEPI

+10.37%

NKX

-1.95%

Winner

FEPI

+15.89%

NKX

+10.58%

5Y(CAGR)

FEPI

N/A

NKX

-0.40%

10Y(CAGR)

FEPI

N/A

NKX

+1.77%

Max(CAGR)

Winner

FEPI

+18.17%

NKX

+4.83%

FEPI vs NKX - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	FEPI	NKX
2026	+6.78%	+2.14%
2025	+18.50%	+4.64%
2024	+17.07%	+16.57%
2023	+11.69%	-3.34%
2022	N/A	-18.48%
2021	N/A	+4.57%
2020	N/A	+7.61%
2019	N/A	+23.74%
2018	N/A	-13.29%
2017	N/A	+12.78%
2016	N/A	-1.75%
2015	N/A	+11.55%
2014	N/A	+28.02%
2013	N/A	-13.32%
2012	N/A	+6.03%
2011	N/A	+28.66%
2010	N/A	+2.31%
2009	N/A	+26.36%
2008	N/A	-24.06%
2007	N/A	+0.18%
2006	N/A	+14.75%
2005	N/A	+0.57%
2004	N/A	+9.14%
2003	N/A	+0.81%

FEPI vs NKX Drawdown Comparison

The maximum drawdown for FEPI was -23.56%, occurring on Apr 8, 2025. Recovery took 138 trading sessions.

The maximum drawdown for NKX was -43.86%, occurring on Oct 10, 2008. Recovery took 422 trading sessions.

The current FEPI drawdown is -5.42%. The current NKX drawdown is -3.70%.

Rank	FEPI	NKX
#1	-23.56% Dec 6, 2024 - Jun 30, 2025	-43.86% Jan 14, 2008 - Sep 16, 2009
#2	-14.93% May 29, 2026 - Jul 29, 2026	-35.62% Nov 12, 2021 - Feb 11, 2026
#3	-14.19% Jul 10, 2024 - Nov 6, 2024	-27.52% Feb 7, 2020 - Aug 10, 2020
#4	-12.95% Oct 29, 2025 - Apr 24, 2026	-23.95% Nov 30, 2012 - Dec 10, 2014
#5	-7.41% Apr 1, 2024 - May 15, 2024	-19.95% Sep 8, 2016 - Jul 19, 2019
#6	-6.57% Oct 12, 2023 - Nov 3, 2023	-19.40% Aug 16, 2010 - Oct 27, 2011
#7	-3.90% Feb 9, 2024 - Feb 29, 2024	-15.06% Jun 13, 2003 - Sep 20, 2004
#8	-3.48% Aug 14, 2025 - Sep 8, 2025	-12.43% Apr 23, 2007 - Jan 14, 2008
#9	-3.33% Nov 8, 2024 - Dec 4, 2024	-9.74% Feb 11, 2026 - Mar 30, 2026
#10	-3.28% Mar 1, 2024 - Apr 1, 2024	-9.66% Oct 8, 2009 - Jun 18, 2010
#11	-2.51% May 28, 2024 - Jun 10, 2024	-9.63% Jun 2, 2006 - Oct 4, 2006
#12	-2.46% Oct 8, 2025 - Oct 20, 2025	-8.70% May 31, 2005 - Jan 23, 2006
#13	-2.44% Dec 28, 2023 - Jan 10, 2024	-7.75% Feb 15, 2012 - May 1, 2012
#14	-2.17% May 14, 2026 - May 21, 2026	-7.27% Jan 30, 2015 - Oct 8, 2015
#15	-1.90% Jul 28, 2025 - Aug 6, 2025	-6.76% Mar 14, 2005 - May 31, 2005

Correlation

Correlation between FEPI and NKX is 0.84 which considered as a strong positive correlation - the stocks tend to move together.

0.84

-101

Dividend Comparison (2003 - 2026)

FEPI vs NKX dividend yield comparison.

Year	FEPI	NKX
2026	15.14%	4.91%
2025	25.48%	7.33%
2024	27.18%	6.14%
2023	4.21%	4.38%
2022	0.00%	5.17%
2021	0.00%	4.21%
2020	0.00%	4.05%
2019	0.00%	4.06%
2018	0.00%	5.25%
2017	0.00%	5.06%
2016	0.00%	6.18%
2015	0.00%	5.66%
2014	0.00%	5.24%
2013	0.00%	7.03%
2012	0.00%	5.64%
2011	0.00%	5.62%
2010	0.00%	6.56%
2009	0.00%	5.91%
2008	0.00%	7.35%
2007	0.00%	4.93%
2006	0.00%	4.85%
2005	0.00%	5.87%
2004	0.00%	6.27%
2003	0.00%	5.83%