First Trust Vest Growth Strength & Target Income ETF (FGSI) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FGSI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FGSI
FGSI charges 0.85% annually. There are 116 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 29.05M | Nov 2024 | FGSI vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 46.39M | Sep 2024 | FGSI vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 329.53M | Mar 2024 | FGSI vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | FGSI vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 781.48M | Jul 2024 | FGSI vs QQA |
Best Risk-Adjusted Alternatives to FGSI
FGSI has a PortfoliosLab risk / return rank of 34. There are 110 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SoFi Enhanced Yield ETF | 96 | 34.73M | Nov 2023 | FGSI vs THTA | |
| Simplify Treasury Option Income ETF | 95 | 489.70M | Oct 2022 | FGSI vs BUCK | |
| Global X S&P 500 Covered Call ETF | 93 | 3.24B | Jun 2013 | FGSI vs XYLD | |
| Invesco S&P 500 BuyWrite ETF | 92 | 358.08M | Dec 2007 | FGSI vs PBP | |
| Global X Russell 2000 Covered Call ETF | 90 | 1.37B | Apr 2019 | FGSI vs RYLD |
Top Performing FGSI Alternatives (YTD)
FGSI is at 8.34% YTD. There are 99 ETFs in the Derivative Income category with higher YTD returns, going as high as 146.74%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill AMD WeeklyPay ETF | 146.74% | 114.09M | Jul 2025 | FGSI vs AMDW | |
| Roundhill ARM WeeklyPay ETF | 134.95% | 22.04M | Oct 2025 | FGSI vs ARMW | |
| YieldMax AMD Option Income Strategy ETF | 87.43% | 382.78M | Sep 2023 | FGSI vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 60.69% | 106.87M | Oct 2023 | FGSI vs MRNY | |
| YieldMax Target 12™ Semiconductor Option Income ET... | 58.34% | 64.01M | Dec 2024 | FGSI vs SOXY |
Lowest Volatility Alternatives to FGSI
FGSI has 12.64% 1-year volatility. There are 82 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.59%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.59% | 489.70M | Oct 2022 | FGSI vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | 2.92% | 112.06M | Aug 2022 | FGSI vs HYGW | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.76% | 289.20M | Apr 2026 | FGSI vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.81% | 90.28M | Feb 2025 | FGSI vs HYTI | |
| Main Buywrite ETF | 4.86% | 1.30B | Dec 2015 | FGSI vs BUYW |
Lowest Drawdown Alternatives to FGSI
FGSI has a 1-year max drawdown of -8.25%. There are 61 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.84%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -0.84% | 489.70M | Oct 2022 | FGSI vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | -1.82% | 112.06M | Aug 2022 | FGSI vs HYGW | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.28M | Feb 2025 | FGSI vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.30B | Dec 2015 | FGSI vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | FGSI vs THTA |
Other ETFs from First Trust
The 10 most viewed First Trust ETFs shown here include CIBR, GRID, AIRR and span 16 categories. AUM among these funds goes as high as $25B.
Often Compared With FGSI
Investors most often compare FGSI with YCS, FAAR, GOOW. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare FGSI with Any Fund or Stock
Compare FGSI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FGSI with funds that move differently
First Trust Vest Growth Strength & Target Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FGSI.
Explore FGSI Diversifiers