First Trust Enhanced Equity Income Fund (FFA) belongs to the Derivative Income category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FFA. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FFA
FFA charges 1.22% annually. There are 21 mutual funds in the Derivative Income category with lower expense ratios, going as low as 0.44%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Equity Premium Income Fund | 0.44% | 236.88M | Feb 2016 | FFA vs PUTW | |
| USCF Gold Strategy Plus Income Fund | 0.45% | — | Nov 2021 | FFA vs USG | |
| JPMorgan Equity Premium Income Fund Class I | 0.63% | — | Aug 2018 | FFA vs JEPIX | |
| Shelton Equity Income Fund | 0.72% | — | Sep 1996 | FFA vs EQTIX | |
| Cullen Enhanced Equity Income Fund | 0.75% | — | Dec 2015 | FFA vs ENHNX |
Best Risk-Adjusted Alternatives to FFA
FFA has a PortfoliosLab risk / return rank of 53. There are 5 mutual funds in the Derivative Income category with higher risk-adjusted ranks, going as high as 85.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund | 85 | — | Apr 2004 | FFA vs CII | |
| The Covered Bridge Fund | 82 | — | Sep 2013 | FFA vs TCBIX | |
| Invesco Income Advantage U.S. Fund | 71 | — | Mar 2006 | FFA vs SCAUX | |
| Virtus Equity & Convertible Income Fund | 70 | — | Feb 2007 | FFA vs NIE | |
| WisdomTree Equity Premium Income Fund | 55 | 236.88M | Feb 2016 | FFA vs PUTW |
Top Performing FFA Alternatives (YTD)
FFA is at 6.98% YTD. There are 12 mutual funds in the Derivative Income category with higher YTD returns, going as high as 17.67%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Catalyst Nasdaq-100 Hedged Equity Fund | 17.67% | — | Dec 2013 | FFA vs CLPAX | |
| BlackRock Enhanced Large Cap Core Fund | 11.56% | — | Apr 2004 | FFA vs CII | |
| BlackRock ESG Capital Allocation Term Trust | 11.23% | — | Sep 2021 | FFA vs ECAT | |
| The Covered Bridge Fund | 11.04% | — | Sep 2013 | FFA vs TCBIX | |
| Virtus Equity & Convertible Income Fund | 10.90% | — | Feb 2007 | FFA vs NIE |
Lowest Volatility Alternatives to FFA
FFA has 11.92% 1-year volatility. There are 14 mutual funds in the Derivative Income category with lower 1-year volatility, going as low as 8.34%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Crossmark Steward Covered Call Income Fund | 8.34% | — | Dec 2017 | FFA vs SCJIX | |
| JPMorgan Equity Premium Income Fund Class I | 8.54% | — | Aug 2018 | FFA vs JEPIX | |
| JPMorgan Equity Premium Income Fund Class A | 8.60% | — | Aug 2018 | FFA vs JEPAX | |
| The Covered Bridge Fund | 8.64% | — | Sep 2013 | FFA vs TCBIX | |
| WisdomTree Equity Premium Income Fund | 8.86% | 236.88M | Feb 2016 | FFA vs PUTW |
Lowest Drawdown Alternatives to FFA
FFA has a 1-year max drawdown of -10.15%. There are 14 mutual funds in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -4.07%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Madison Covered Call & Equity Income Fund | -4.07% | — | Oct 2009 | FFA vs MENYX | |
| The Covered Bridge Fund | -5.26% | — | Sep 2013 | FFA vs TCBIX | |
| Cullen Enhanced Equity Income Fund | -6.34% | — | Dec 2015 | FFA vs ENHNX | |
| Invesco Income Advantage U.S. Fund | -7.05% | — | Mar 2006 | FFA vs SCAUX | |
| Shelton Equity Income Fund | -7.10% | — | Sep 1996 | FFA vs EQTIX |
Other Mutual Funds from First Trust
The 3 most viewed First Trust mutual funds shown here include VARBX, FPEIX, FDHIX and span 3 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Vivaldi Merger Arbitrage Fund Class I | Event Driven | 98 | 1.61% | — | Oct 2015 | FFA vs VARBX | |
| First Trust Preferred Securities and Income Fund | Preferred Stock/Convertible Bonds | 72 | 0.36% | — | Jan 2011 | FFA vs FPEIX | |
| First Trust Short Duration High Income Fund | Bank Loan | 37 | -0.14% | — | Oct 2012 | FFA vs FDHIX |
Often Compared With FFA
Investors most often compare FFA with SPY, FCT, ADX. These 12 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare FFA with Any Fund or Stock
Compare FFA with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FFA with funds that move differently
First Trust Enhanced Equity Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FFA.
Explore FFA Diversifiers