FTHI Alternatives & Similar ETFs

First Trust BuyWrite Income ETF (FTHI) 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 FTHI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FTHI

FTHI charges 0.85% annually. There are 105 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.

Symbol	Name	Expense Ratio	AUM	Inception
PEPS	Parametric Equity Plus ETF	0.10%	27.32M	Nov 2024	FTHI vs PEPS
IVVW	iShares S&P 500 BuyWrite ETF	0.25%	303.13M	Mar 2024	FTHI vs IVVW
SPIN	State Street US Equity Premium Income ETF	0.25%	45.59M	Sep 2024	FTHI vs SPIN
FYEE	Fidelity Yield Enhanced Equity ETF	0.28%	185.18M	Apr 2024	FTHI vs FYEE
QQA	Invesco QQQ Income Advantage ETF	0.29%	768.95M	Jul 2024	FTHI vs QQA

Best Risk-Adjusted Alternatives to FTHI

FTHI has a PortfoliosLab risk / return rank of 57. There are 48 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 95.

Symbol	Name	Risk / Return Rank	AUM	Inception
CHPY	YieldMax Semiconductor Portfolio Option Income ETF	95	1.16B	Apr 2025	FTHI vs CHPY
THTA	SoFi Enhanced Yield ETF	94	34.73M	Nov 2023	FTHI vs THTA
GOOY	YieldMax GOOGL Option Income Strategy ETF	92	262.22M	Jul 2023	FTHI vs GOOY
AMDY	YieldMax AMD Option Income Strategy ETF	90	409.32M	Sep 2023	FTHI vs AMDY
BUCK	Simplify Treasury Option Income ETF	86	465.86M	Oct 2022	FTHI vs BUCK

Top Performing FTHI Alternatives (YTD)

FTHI is at 4.88% YTD. There are 112 ETFs in the Derivative Income category with higher YTD returns, going as high as 19,132.59%.

Symbol	Name	YTD Return	AUM	Inception
HOII	REX HOOD Growth & Income ETF	19,132.59%	1.44M	Nov 2025	FTHI vs HOII
CWII	REX CRWV Growth & Income ETF	13,199.78%	2.19M	Nov 2025	FTHI vs CWII
ARMW	Roundhill ARM WeeklyPay ETF	297.09%	17.52M	Oct 2025	FTHI vs ARMW
AMDW	Roundhill AMD WeeklyPay ETF	176.01%	83.00M	Jul 2025	FTHI vs AMDW
AMDY	YieldMax AMD Option Income Strategy ETF	101.34%	409.32M	Sep 2023	FTHI vs AMDY

Lowest Volatility Alternatives to FTHI

FTHI has 9.08% 1-year volatility. There are 26 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.98%.

Symbol	Name	Volatility 1Y	AUM	Inception
BUCK	Simplify Treasury Option Income ETF	2.98%	465.86M	Oct 2022	FTHI vs BUCK
HYTI	FT Vest High Yield & Target Income ETF	3.86%	90.05M	Feb 2025	FTHI vs HYTI
BUYW	Main Buywrite ETF	4.84%	1.23B	Dec 2015	FTHI vs BUYW
LQTI	FT Vest Investment Grade & Target Income ETF	5.11%	292.66M	Feb 2025	FTHI vs LQTI
XRMI	Global X S&P 500 Risk Managed Income ETF	5.52%	50.16M	Aug 2021	FTHI vs XRMI

Lowest Drawdown Alternatives to FTHI

FTHI has a 1-year max drawdown of -5.47%. There are 16 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -1.31%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
BUCK	Simplify Treasury Option Income ETF	-1.31%	465.86M	Oct 2022	FTHI vs BUCK
HYTI	FT Vest High Yield & Target Income ETF	-2.38%	90.05M	Feb 2025	FTHI vs HYTI
BUYW	Main Buywrite ETF	-2.59%	1.23B	Dec 2015	FTHI vs BUYW
THTA	SoFi Enhanced Yield ETF	-2.64%	34.73M	Nov 2023	FTHI vs THTA
OMAH	VistaShares Target 15™ Berkshire Select Income ETF	-3.00%	774.36M	Mar 2025	FTHI vs OMAH

Other ETFs from First Trust

The 10 most viewed First Trust ETFs shown here include CIBR, GRID, NFTY and span 13 categories. AUM among these funds goes as high as $14B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CIBR	First Trust NASDAQ Cybersecurity ETF	Cybersecurity, Technology Equities	18	18.06%	13.59B	Jul 2015	FTHI vs CIBR
GRID	First Trust NASDAQ Clean Edge Smart Grid Infrastru...	Alternative Energy Equities	65	23.40%	11.60B	Nov 2009	FTHI vs GRID
NFTY	First Trust India NIFTY 50 Equal Weight ETF	Asia Pacific Equities, Equal Weight	5	-7.30%	136.58M	Feb 2012	FTHI vs NFTY
AIRR	First Trust RBA American Industrial Renaissance ET...	Building & Construction	79	31.81%	11.14B	Mar 2014	FTHI vs AIRR
FDL	First Trust Morningstar Dividend Leaders Index Fun...	Large Cap Value Equities, Dividend	69	12.67%	9.22B	Mar 2006	FTHI vs FDL
IGLD	FT Vest Gold Strategy Target Income ETF	Gold, Derivative Income, Precious Metals	18	-5.55%	543.16M	Mar 2021	FTHI vs IGLD
FTXL	First Trust Nasdaq Semiconductor ETF	Semiconductors, Technology Equities	96	111.02%	2.89B	Sep 2016	FTHI vs FTXL
TDIV	First Trust NASDAQ Technology Dividend Index Fund	Technology Equities, Dividend	53	19.03%	4.90B	Aug 2012	FTHI vs TDIV
QCLN	First Trust NASDAQ Clean Edge Green Energy Index F...	Alternative Energy Equities	78	37.20%	880.41M	Feb 2007	FTHI vs QCLN
KNG	FT Vest S&P 500 Dividend Aristocrats Target Income...	Dividend, S&P 500	27	4.84%	3.32B	Mar 2018	FTHI vs KNG

Often Compared With FTHI

Investors most often compare FTHI with JEPI, FTQI, AIT. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
JEPI	JPMorgan Equity Premium Income ETF	Dividend, Derivative Income	27	0.91%	44.26B	May 2020	FTHI vs JEPI
FTQI	First Trust Nasdaq BuyWrite Income ETF	Nasdaq-100, Derivative Income	86	10.72%	908.39M	Jan 2014	FTHI vs FTQI
AIT	Applied Industrial Technologies, Inc.		83	29.32%	—	—	FTHI vs AIT
QCLR	Global X NASDAQ 100 Collar 95-110 ETF	Nasdaq-100, Hedge Fund	25	0.21%	4.05M	Aug 2021	FTHI vs QCLR
FTCS	First Trust Capital Strength ETF	Large Cap Blend Equities	16	1.20%	7.59B	Jul 2006	FTHI vs FTCS
PBP	Invesco S&P 500 BuyWrite ETF	Derivative Income, S&P 500	79	4.40%	347.16M	Dec 2007	FTHI vs PBP
FZFLX	Fidelity SAI Small-Mid Cap 500 Index Fund	Mid Cap Blend Equities	83	37.72%	—	Aug 2015	FTHI vs FZFLX
JEPQ	JPMorgan Nasdaq Equity Premium Income ETF	Nasdaq-100, Derivative Income	63	7.85%	40.03B	May 2022	FTHI vs JEPQ
RDVI	FT Cboe Vest Rising Dividend Achievers Target Inco...	Derivative Income	69	13.37%	3.76B	Oct 2022	FTHI vs RDVI
IPDP	Dividend Performers ETF	Derivative Income	—	—	20.88M	Dec 2018	FTHI vs IPDP
FDND	FT Vest Dow Jones Internet & Target Income ETF	Technology Equities	8	-5.36%	—	Mar 2024	FTHI vs FDND
XOMO	YieldMax XOM Option Income Strategy ETF	Derivative Income, Dividend	23	10.22%	31.31M	Aug 2023	FTHI vs XOMO
SQY	YieldMax SQ Option Income Strategy ETF	Derivative Income	—	—	35.78M	Oct 2023	FTHI vs SQY
EPI	WisdomTree India Earnings Fund	Emerging Markets Equities, Asia Pacific Equities	5	-7.84%	2.20B	Feb 2008	FTHI vs EPI
SPY	State Street SPDR S&P 500 ETF	S&P 500	59	8.15%	765.27B	Jan 1993	FTHI vs SPY
DISO	YieldMax DIS Option Income Strategy ETF	Derivative Income	—	—	4.26M	Aug 2023	FTHI vs DISO
ADPV	Adaptiv Select ETF	Large Cap Blend Equities	43	11.09%	167.75M	Nov 2022	FTHI vs ADPV
GQI	Natixis Gateway Quality Income ETF	Derivative Income	74	6.21%	173.80M	Dec 2023	FTHI vs GQI
NFLY	YieldMax NFLX Option Income Strategy ETF	Derivative Income, Options Trading	1	-16.92%	46.41M	Aug 2023	FTHI vs NFLY
RSP	Invesco S&P 500 Equal Weight ETF	S&P 500, Equal Weight	49	9.94%	92.57B	Apr 2003	FTHI vs RSP

Compare FTHI with Any Fund or Stock

Compare FTHI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

Pair FTHI with funds that move differently

First Trust BuyWrite Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FTHI.

Explore FTHI Diversifiers

First Trust BuyWrite Income ETF (FTHI) Alternatives