ETF Evaluator:
REX Crypto Equity Premium Income ETF ()
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(as of Nov 13)
Best Performing in Derivative Income - Non-Diversified Over the Last Year
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ETF Details
REX Crypto Equity Premium Income ETF Overview
REX Crypto Equity Premium Income ETF (CEPI) is an actively managed Nontraditional Equity Derivative Income - Non-Diversified exchange-traded fund (ETF). Rex launched the ETF in 2024.
The investment seeks capital appreciation and current income.
The fund, under normal market conditions, invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of companies comprising the BITA Crypto Assets & Digital Payments Index. The index is a rules-based composite index that tracks the market performance of 25 companies, listed on regulated exchanges based in the U.S., that are actively engaged in crypto-related activities. The fund is non-diversified.
About REX Crypto Equity Premium Income ETF (CEPI)
There are 2 members of the management team with an average tenure of 1.91 years: Austin Wen (2024) and Yin Bhuyan (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. REX Crypto Equity Premium Income ETF has 73 securities in its portfolio. The top 10 holdings constitute 52.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
REX Crypto Equity Premium Income ETF is part of the Equity global asset class and is within the Nontraditional Equity ETF group. REX Crypto Equity Premium Income ETF has 12.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 75.9% There is 12.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). REX Crypto Equity Premium Income ETF has 7.9% of the portfolio in cash.
Assets Under Management
The fund has $114 million in total assets, which is above the $106 million average for the Derivative Income - Non-Diversified category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
CEPI Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The REX Crypto Equity Premium Income ETF expense ratio is high compared to funds in the Derivative Income - Non-Diversified category. REX Crypto Equity Premium Income ETF has an expense ratio of 0.85%, which is 11% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. REX Crypto Equity Premium Income ETF has a portfolio turnover rate of 43%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 52% for the Derivative Income - Non-Diversified category.
Recently, in the month of October 2026, REX Crypto Equity Premium Income ETF returned -10.3%, which earned it a grade of D, as the Derivative Income - Non-Diversified category had an average return of -4.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
REX Crypto Equity Premium Income ETF has a trailing yield of 15.14%, which is below the 30.55% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
REX Crypto Equity Premium Income ETF Grades
Year to date, the ETF has returned 9.9%, 8.8 percentage points better than the category, which translates into a grade of B. The fund has returned -2.9% over the past year (grade of C).
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CEPI Trailing NAV Total Returns Data as of 10/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CEPI Return (NAV) | -10.3% | -4.5% | -2.9% | na | na | na |
| CEPI Return (Price) | -10.6% | -4.8% | -3.4% | na | na | na |
| NAV +/- Price Return | 0.306% | 0.328% | 0.457% | na | na | na |
| Derivative Income - Non-Diversified Avg | -4.1% | 2.9% | -0.1% | 18.1% | 14.0% | 4.3% |
| CEPI Grade (NAV) | D | D | C | na | na | na |
| +/- Category (NAV) | -6.2% | -7.3% | -2.9% | na | na | na |
| CEPI Tax-Cost Ratio | na | na | 5.2% | na | na | na |
CEPI Annual NAV Total ReturnsData as of 10/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CEPI Return (NAV) | 9.9% | 11.0% | na | na | na | na | na | na | na | na | na |
| CEPI Return (Price) | 9.7% | 10.7% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.026% | -0.024% | na | na | na | na | na | na | na | na | na |
| Derivative Income - Non-Diversified Avg | 1.1% | 6.2% | 22.5% | 30.3% | 9.9% | 24.2% | -30.4% | 18.6% | -19.8% | -6.7% | 21.9% |
| CEPI Grade (NAV) | B | C | na | na | na | na | na | na | na | na | na |
| +/- Category | 8.8% | 4.8% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 15.1% |
| Total Assets: | $ 114 Mil |
| Share Class Assets: | $ 114 Mil |
| Turnover: | 43.4% |
| Expense Ratio: | 0.85% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 1.9 years | |||
| Average Tenure: 1.9 years | |||
| Managers (Year): Wen Austin (2024), Bhuyan Yin (2024) | |||
Portfolio Composition (as of 10/30/26)
| # of Holdings: | 73 |
| % in Top 10 Holdings: | 52.9% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 12.8% |
Portfolio Allocation |
|
| Domestic Stock: | 75.9% |
| Foreign Stock: | 12.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 3.5% |
| Cash: | 7.9% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Rex |
| Phone Number: | 844-802-4004 |
| Website: | |
| Inception Date: | December 3, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.85% (Rating: High) |
| Category Average Expense Ratio (%): | 0.96% |
