HEWJ vs FEPI

Comparison between ISHARES CURRENCY HEDGED MSCI JAPAN ETF (HEWJ, ETF) and REX FANG & INNOVATION EQUITY PREMIUM INCOME ETF (FEPI, ETF).

HEWJ vs FEPI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HEWJ(ETF)	FEPI(ETF)
Net Assets	$734M	$738M
Expense Ratio	0.49%	0.65%
Max Drawdown	37.42%	35.25%
Sharpe Ratio	2.05	1.18
5Y Beta	1.01	1.09
P/E Ratio	N/A	43.92
Forward P/E	N/A	28.06
PEG Ratio	N/A	0.45
5Y Dividends CAGR	30.82%	N/A
5Y EPS CAGR	N/A	31.94%
Debt to Equity	N/A	31.36%
P/S Ratio	N/A	10.99
P/B Ratio	N/A	11.43

Net Assets

HEWJ

$734M

Winner

FEPI

$738M

Expense Ratio

Winner

HEWJ

0.49%

FEPI

0.65%

Max Drawdown

HEWJ

37.42%

Winner

FEPI

35.25%

Sharpe Ratio

Winner

HEWJ

2.05

FEPI

1.18

5Y Beta

Winner

HEWJ

1.01

FEPI

1.09

P/E Ratio

HEWJ

N/A

FEPI

43.92

Forward P/E

HEWJ

N/A

FEPI

28.06

PEG Ratio

HEWJ

N/A

FEPI

0.45

5Y Dividends CAGR

HEWJ

30.82%

FEPI

N/A

5Y EPS CAGR

HEWJ

N/A

FEPI

31.94%

Debt to Equity

HEWJ

N/A

FEPI

31.36%

P/S Ratio

HEWJ

N/A

FEPI

10.99

P/B Ratio

HEWJ

N/A

FEPI

11.43

HEWJ vs FEPI - Holdings Comparison

HEWJ and FEPI have 1 common holdings. Overlap is -320.56%

HEWJ's top 25 holdings weight is 100.00%. FEPI's top 25 holdings weight is 103.37%.

Rank	HEWJ	FEPI
#1	JPY/USD PURCHASED (n/a) - 319.78%	INTEL CORP (INTC) - 8.88%
#2	ISHARES MSCI JAPAN ETF (EWJ) - 99.65%	MICRON TECHNOLOGY INC (MU) - 8.46%
#3	CASH OFFSET (n/a) - 2.86%	ADVANCED MICRO DEVICES INC (AMD) - 8.19%
#4	BLACKROCK CASH FUNDS TREASURY SL AGENCY (n/a) - 0.00%	ALPHABET INC CLASS A (GOOGL) - 7.49%
#5	USD CASH (n/a) - -1.73%	AMAZON.COM INC (AMZN) - 6.90%
#6	JPY/USD SOLD (n/a) - -320.56%	BROADCOM INC (AVGO) - 6.84%
#7	N/A	NVIDIA CORP (NVDA) - 6.57%
#8	N/A	TESLA INC (TSLA) - 6.54%
#9	N/A	ORACLE CORP (ORCL) - 6.54%
#10	N/A	APPLE INC (AAPL) - 6.51%
#11	N/A	n/a (PLTR) - 6.34%
#12	N/A	APPLOVIN CORP ORDINARY SHARES CLASS A (APP) - 6.32%
#13	N/A	MICROSOFT CORP (MSFT) - 6.22%
#14	N/A	NETFLIX INC (NFLX) - 5.94%
#15	N/A	META PLATFORMS INC CLASS A (META) - 5.63%
#16	N/A	TSLA US 05/15/26 C420 (n/a) - 0.00%
#17	N/A	AAPL US 05/15/26 C300 (n/a) - 0.00%
#18	N/A	AAPL US 05/15/26 C295 (n/a) - 0.00%
#19	N/A	AAPL US 05/15/26 C310 (n/a) - 0.00%
#20	N/A	AAPL US 05/15/26 C290 (n/a) - 0.00%
#21	N/A	AVGO US 05/15/26 C470 (n/a) - 0.00%
#22	N/A	APP US 05/15/26 C540 (n/a) - 0.00%
#23	N/A	AMZN US 05/15/26 C300 (n/a) - 0.00%
#24	N/A	META US 05/15/26 C690 (n/a) - 0.00%
#25	N/A	GOOGL US 05/15/26 C420 (n/a) - 0.00%
Total Holdings	6	71

HEWJ vs FEPI - Historical Returns

Returns include dividend reinvestment.

Period	HEWJ	FEPI
1 month	+5.32%	+1.59%
3 months	+13.04%	+11.94%
6 months	+21.71%	+10.80%
1 year	+53.82%	+27.46%
5 years(CAGR)	+21.59%	N/A
10 years(CAGR)	+16.96%	N/A
Max(CAGR)	+14.34%	+20.64%

Winner

HEWJ

+5.32%

FEPI

+1.59%

Winner

HEWJ

+13.04%

FEPI

+11.94%

Winner

HEWJ

+21.71%

FEPI

+10.80%

Winner

HEWJ

+53.82%

FEPI

+27.46%

5Y(CAGR)

HEWJ

+21.59%

FEPI

N/A

10Y(CAGR)

HEWJ

+16.96%

FEPI

N/A

Max(CAGR)

HEWJ

+14.34%

Winner

FEPI

+20.64%

HEWJ vs FEPI - Annual Returns (2014 - 2026)

Returns include dividend reinvestment.

Year	HEWJ	FEPI
2026	+20.84%	+9.25%
2025	+30.04%	+18.50%
2024	+25.12%	+17.07%
2023	+35.83%	+11.69%
2022	-4.22%	N/A
2021	+14.41%	N/A
2020	+9.12%	N/A
2019	+20.80%	N/A
2018	-14.88%	N/A
2017	+19.55%	N/A
2016	+1.29%	N/A
2015	+8.29%	N/A
2014	+20.54%	N/A

HEWJ vs FEPI Drawdown Comparison

The maximum drawdown for HEWJ was -31.53%, occurring on Mar 16, 2020. Recovery took 192 trading sessions.

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

The current FEPI drawdown is -3.23%.

Rank	HEWJ	FEPI
#1	-31.53% Feb 6, 2020 - Nov 9, 2020	-23.56% Dec 6, 2024 - Jun 30, 2025
#2	-29.57% Aug 10, 2015 - Oct 10, 2017	-14.19% Jul 10, 2024 - Nov 6, 2024
#3	-21.57% Jan 23, 2018 - Feb 6, 2020	-12.95% Oct 29, 2025 - Apr 24, 2026
#4	-20.90% Jul 10, 2024 - Jun 27, 2025	-7.41% Apr 1, 2024 - May 15, 2024
#5	-16.03% Sep 13, 2021 - Nov 25, 2022	-7.04% May 29, 2026 - Jun 10, 2026
#6	-11.19% Sep 26, 2014 - Oct 31, 2014	-6.57% Oct 12, 2023 - Nov 3, 2023
#7	-10.37% Feb 25, 2026 - May 8, 2026	-3.90% Feb 9, 2024 - Feb 29, 2024
#8	-8.93% Jun 1, 2015 - Aug 10, 2015	-3.48% Aug 14, 2025 - Sep 8, 2025
#9	-8.77% Dec 5, 2014 - Feb 13, 2015	-3.33% Nov 8, 2024 - Dec 4, 2024
#10	-8.12% Nov 25, 2022 - Mar 3, 2023	-3.28% Mar 1, 2024 - Apr 1, 2024
#11	-7.89% Mar 6, 2014 - Jun 4, 2014	-2.51% May 28, 2024 - Jun 10, 2024
#12	-7.45% Sep 19, 2023 - Nov 17, 2023	-2.46% Oct 8, 2025 - Oct 20, 2025
#13	-7.23% Mar 8, 2023 - Apr 17, 2023	-2.44% Dec 28, 2023 - Jan 10, 2024
#14	-6.97% Apr 5, 2021 - Sep 2, 2021	-2.17% May 14, 2026 - May 21, 2026
#15	-5.17% Mar 21, 2024 - May 20, 2024	-1.90% Jul 28, 2025 - Aug 6, 2025

Correlation

Correlation between HEWJ and FEPI is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.

0.93

-101

Dividend Comparison (2014 - 2026)

HEWJ vs FEPI dividend yield comparison.

Year	HEWJ	FEPI
2026	0.00%	9.55%
2025	5.10%	25.48%
2024	2.20%	27.18%
2023	2.02%	4.21%
2022	47.68%	0.00%
2021	2.03%	0.00%
2020	1.20%	0.00%
2019	2.78%	0.00%
2018	1.37%	0.00%
2017	1.21%	0.00%
2016	1.88%	0.00%
2015	3.25%	0.00%
2014	2.15%	0.00%