HFRO vs FEPI

Comparison between Highland Opportunities and Income Fund (HFRO, ETF) and REX FANG & INNOVATION EQUITY PREMIUM INCOME ETF (FEPI, ETF).

HFRO vs FEPI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HFRO(ETF)	FEPI(ETF)
Net Assets	$655M	$655M
Expense Ratio	N/A	0.65%
Max Drawdown	72.48%	35.25%
Sharpe Ratio	0.97	0.65
5Y Beta	0.59	1.11
P/E Ratio	N/A	35.35
Forward P/E	N/A	22.99
PEG Ratio	N/A	0.21
5Y Dividends CAGR	-14.33%	N/A
5Y EPS CAGR	N/A	33.90%
Debt to Equity	N/A	25.29%
P/S Ratio	N/A	9.81
P/B Ratio	N/A	10.61

Net Assets

Winner

HFRO

$655M

FEPI

$655M

Expense Ratio

HFRO

N/A

FEPI

0.65%

Max Drawdown

HFRO

72.48%

Winner

FEPI

35.25%

Sharpe Ratio

Winner

HFRO

0.97

FEPI

0.65

5Y Beta

Winner

HFRO

0.59

FEPI

1.11

P/E Ratio

HFRO

N/A

FEPI

35.35

Forward P/E

HFRO

N/A

FEPI

22.99

PEG Ratio

HFRO

N/A

FEPI

0.21

5Y Dividends CAGR

HFRO

-14.33%

FEPI

N/A

5Y EPS CAGR

HFRO

N/A

FEPI

33.90%

Debt to Equity

HFRO

N/A

FEPI

25.29%

P/S Ratio

HFRO

N/A

FEPI

9.81

P/B Ratio

HFRO

N/A

FEPI

10.61

HFRO vs FEPI - Historical Returns

Returns include dividend reinvestment.

Period	HFRO	FEPI
1 month	-2.87%	+6.90%
3 months	+14.90%	-3.18%
6 months	+19.01%	+10.37%
1 year	+24.08%	+15.89%
5 years(CAGR)	-0.16%	N/A
10 years(CAGR)	-0.69%	N/A
Max(CAGR)	-0.69%	+18.17%

HFRO

-2.87%

Winner

FEPI

+6.90%

Winner

HFRO

+14.90%

FEPI

-3.18%

Winner

HFRO

+19.01%

FEPI

+10.37%

Winner

HFRO

+24.08%

FEPI

+15.89%

5Y(CAGR)

HFRO

-0.16%

FEPI

N/A

10Y(CAGR)

HFRO

-0.69%

FEPI

N/A

Max(CAGR)

HFRO

-0.69%

Winner

FEPI

+18.17%

HFRO vs FEPI - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	HFRO	FEPI
2026	+23.69%	+6.78%
2025	+22.68%	+18.50%
2024	-29.13%	+17.07%
2023	-16.57%	+11.69%
2022	+0.78%	N/A
2021	+14.90%	N/A
2020	-8.01%	N/A
2019	+2.92%	N/A
2018	-12.60%	N/A
2017	+1.01%	N/A

HFRO vs FEPI Drawdown Comparison

The maximum drawdown for HFRO was -52.76%, occurring on Apr 8, 2025. This drawdown has not yet recovered.

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

The current HFRO drawdown is -16.51%. The current FEPI drawdown is -5.42%.

Rank	HFRO	FEPI
#1	-52.76% Aug 17, 2022 - Apr 8, 2025	-23.56% Dec 6, 2024 - Jun 30, 2025
#2	-49.42% Jul 24, 2018 - Mar 29, 2022	-14.93% May 29, 2026 - Jul 29, 2026
#3	-9.70% May 6, 2022 - Aug 15, 2022	-14.19% Jul 10, 2024 - Nov 6, 2024
#4	-3.99% Nov 7, 2017 - Dec 22, 2017	-12.95% Oct 29, 2025 - Apr 24, 2026
#5	-2.92% Jan 31, 2018 - Feb 21, 2018	-7.41% Apr 1, 2024 - May 15, 2024
#6	-2.88% Feb 23, 2018 - Jul 11, 2018	-6.57% Oct 12, 2023 - Nov 3, 2023
#7	-2.01% Mar 31, 2022 - May 2, 2022	-3.90% Feb 9, 2024 - Feb 29, 2024
#8	-0.96% Dec 22, 2017 - Jan 4, 2018	-3.48% Aug 14, 2025 - Sep 8, 2025
#9	-0.96% Jan 9, 2018 - Jan 22, 2018	-3.33% Nov 8, 2024 - Dec 4, 2024
#10	-0.94% Jul 16, 2018 - Jul 24, 2018	-3.28% Mar 1, 2024 - Apr 1, 2024
#11	-0.76% Mar 29, 2022 - Mar 31, 2022	-2.51% May 28, 2024 - Jun 10, 2024
#12	-0.71% Jan 4, 2018 - Jan 9, 2018	-2.46% Oct 8, 2025 - Oct 20, 2025
#13	-0.67% May 4, 2022 - May 6, 2022	-2.44% Dec 28, 2023 - Jan 10, 2024
#14	-0.51% Jan 22, 2018 - Jan 29, 2018	-2.17% May 14, 2026 - May 21, 2026
#15	-0.31% Feb 21, 2018 - Feb 23, 2018	-1.90% Jul 28, 2025 - Aug 6, 2025