BALI vs FEPI: Income Fund Comparison
iShares U.S. Large Cap Premium Income Active ETF - US (BALI) and REX FANG & Innovation Equity Premium Income ETF - US (FEPI) are both income-focused funds. Below is our independent side-by-side review using the Dependable Income Investing 13-factor scoring system — designed specifically for income investors seeking reliable, sustainable distributions.
Also see: BALI individual review · FEPI individual review
BALI: Net expense ratio is 0.35%. FEPI: Total expense ratio is 0.65%. BALI fund inception date was September 26 2023 - approximately 2 years and 5 months old as of review date. FEPI inception date was October 11 2023. As of March 6 2026 the fund is approximately 2 years and 4 months old. Full Dependability and Return scores for both funds are available in the app.
| BALI | FEPI | |
|---|---|---|
| Fund Name | iShares U.S. Large Cap Premium Income Active ETF - US | REX FANG & Innovation Equity Premium Income ETF - US |
| Fund Type | Diversified Fund | Sector Based Fund - Information Technology |
| Exchange | NYSE/NASDAQ | NYSE/NASDAQ |
| Last Reviewed | 2026-03-06 | 2026-03-06 |
| Author | Adam Hyde, Income Investing Analyst | |
🔒 Full scores available — with Premium subscription
Compare Performance — Free →Fund Attributes: BALI vs FEPI 20% of overall score
Fund Attributes cover the foundational characteristics of each fund: cost, company backing, track record, and size. These factors reflect stability and cost-efficiency for long-term income investors.
Net expense ratio is 0.35%.
Total expense ratio is 0.65%.
BlackRock reported $14 trillion in AUM for full year 2025 - world's largest asset manager.
Over $10 billion in assets under management for Rex Financial.
Fund inception date was September 26 2023 - approximately 2 years and 5 months old as of review date.
Inception date was October 11 2023. As of March 6 2026 the fund is approximately 2 years and 4 months old.
Fund net assets are approximately $843 million per iShares product page.
Fund AUM is approximately $591.6 million as of March 4 2026.
Risk: BALI vs FEPI 35% of overall score
Risk factors evaluate how each fund manages volatility, diversification, and the nature of its underlying assets — critical considerations for income investors who prioritise capital preservation.
Beta is 0.87 vs SPY over the period 2023-10-06 to 2026-03-06 (fund history). Standalone annualized volatility is 12.64% from weekly total return data series - low-to-moderate. Both beta and standalone volatility score at 4.
Beta is 1.12 vs SPY over the available price series (October 2023 to March 2026). Standalone annualized volatility is 21.39% (weekly total returns). Both measures score 3.
See the full Risk analysis for both BALI and FEPI — volatility ratings, diversification scores, and analyst notes.
View Plans →Return: BALI vs FEPI 45% of overall score
Return factors assess income generation quality: current yield, distribution consistency, price history, and payment frequency. This is the most heavily weighted category for income investors.
Fund pays monthly distributions - confirmed from 29 payments in data series since inception in September 2023.
Fund pays monthly distributions.
See the full Return analysis for both BALI and FEPI — yield ratings, distribution consistency scores, and capital history.
View Plans →Our Review Methodology
Every fund reviewed on Dependable Income Investing is scored using our 13-factor Fund Report Card, organised into three weighted categories: Fund Attributes (20%), Risk (35%), and Return (45%). Each criterion is rated 1–5 by our analysts based on publicly available fund data.
We also calculate a Dependability Score — a weighted composite of six income-specific factors ranked by importance for retirement income investors: Yield Stability, Yield, Volatility, Capital History, Fund Risk, and Underlying Assets. This score answers the question income investors care about most: can I depend on this fund to pay me reliably?
Full scores, ratings, and analyst notes for both BALI and FEPI are available in the Dependable Income Investing app.
See our full scoring methodology →
Frequently Asked Questions: BALI vs FEPI
Which has a lower expense ratio, BALI or FEPI?
BALI: Net expense ratio is 0.35%.
FEPI: Total expense ratio is 0.65%.
Which fund has more assets under management, BALI or FEPI?
BALI: Fund net assets are approximately $843 million per iShares product page.
FEPI: Fund AUM is approximately $591.6 million as of March 4 2026.
Which fund has been trading longer, BALI or FEPI?
BALI: Fund inception date was September 26 2023 - approximately 2 years and 5 months old as of review date.
FEPI: Inception date was October 11 2023. As of March 6 2026 the fund is approximately 2 years and 4 months old.
Who manages BALI vs FEPI?
BALI: BlackRock reported $14 trillion in AUM for full year 2025 - world's largest asset manager.
FEPI: Over $10 billion in assets under management for Rex Financial.
Where can I see the full BALI vs FEPI comparison with scores?
The complete side-by-side comparison — including all Risk and Return scores, analyst notes, Overall Score, and Dependability Score for both funds — is available in the Dependable Income Investing app.
What is the difference between BALI and FEPI?
iShares U.S. Large Cap Premium Income Active ETF - US is a Diversified Fund. Net expense ratio is 0.35%. REX FANG & Innovation Equity Premium Income ETF - US is a Sector Based Fund - Information Technology. Total expense ratio is 0.65%. Full comparison including Dependability Score is available in the Dependable Income Investing app.
Which is better for income investors, BALI or FEPI?
BALI: Net expense ratio is 0.35%. Fund inception date was September 26 2023 - approximately 2 years and 5 months old as of review date. FEPI: Total expense ratio is 0.65%. Inception date was October 11 2023. As of March 6 2026 the fund is approximately 2 years and 4 months old. Which scores higher on Dependability and Return is available in the Dependable Income Investing app.
Do BALI and FEPI pay monthly distributions?
BALI: Fund pays monthly distributions - confirmed from 29 payments in data series since inception in September 2023. FEPI: Fund pays monthly distributions. Full yield and distribution stability scores for both funds are available in the Dependable Income Investing app.
See the Full BALI vs FEPI Comparison
The Dependable Income Investing app gives you the complete picture: all 13 scoring factors for both funds, Risk and Return analyst notes, Dependability Scores, and tools to compare any income fund side by side.
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