- ISIN
- US33738R5899
- CUSIP
- 33738R589
- Issuer
- First Trust
- Inception Date
- Feb 26, 2025
- Region
- North America (United States)
- Category
- Derivative Income
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $24M
Share Price Chart
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Performance
FTKI Performance Chart
First Trust Small Cap BuyWrite Income ETF (FTKI) is up 11.1% since the beginning of the year. FTKI is currently trading at $20 per share.
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Returns By Period
First Trust Small Cap BuyWrite Income ETF (FTKI) has returned 11.12% so far this year and 20.08% over the past 12 months.
First Trust Small Cap BuyWrite Income ETF
- 1D
- 0.24%
- 1M
- 2.61%
- YTD
- 11.12%
- 6M
- 10.28%
- 1Y
- 20.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
FTKI Monthly Returns History
Based on dividend-adjusted daily data since Feb 27, 2025, FTKI's average daily return is +0.05%, while the average monthly return is +0.92%. At this rate, an investment would double in approximately 6.3 years.
Historically, 59% of months were positive and 41% were negative. The best month was Feb 2026 with a return of +6.2%, while the worst month was Apr 2025 at -4.0%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 2 months.
On a daily basis, FTKI closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +8.4%, while the worst single day was Apr 3, 2025 at -5.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.99% | 6.17% | -3.37% | 2.53% | 0.42% | 2.15% | 11.12% | ||||||
| 2025 | 0.77% | -3.91% | -4.00% | 3.02% | 2.07% | -0.67% | 3.47% | -0.20% | -1.01% | 5.42% | -0.29% | 4.33% |
Benchmark Metrics
First Trust Small Cap BuyWrite Income ETF has an annualized alpha of -0.79%, beta of 0.72, and R2 of 0.72 versus S&P 500 Index. Calculated based on daily prices since February 27, 2025.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (42.33%) than losses (21.40%) - typical of diversified or defensive assets.
- Alpha
- -0.79%
- Beta
- 0.72
- R²
- 0.72
- Upside Capture
- 42.33%
- Downside Capture
- 21.40%
Expense Ratio
FTKI has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FTKI ranks 69 for risk / return — better than 69% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for First Trust Small Cap BuyWrite Income ETF (FTKI) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FTKI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.35 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.68 | 2.66 | +1.03 |
| Martin ratioReturn relative to average drawdown | 12.34 | 11.86 | +0.48 |
Dividends
Dividend History
First Trust Small Cap BuyWrite Income ETF provided a 11.33% dividend yield over the last twelve months, with an annual payout of $2.26 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $2.26 | $1.70 |
Dividend yield | 11.33% | 8.99% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Small Cap BuyWrite Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.19 | $0.19 | $0.19 | $0.19 | $0.19 | $0.00 | $0.95 | ||||||
| 2025 | $0.19 | $0.19 | $0.19 | $0.19 | $0.19 | $0.19 | $0.19 | $0.19 | $0.19 | $1.70 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Small Cap BuyWrite Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the First Trust Small Cap BuyWrite Income ETF was 15.17%, occurring on Apr 8, 2025. Recovery took 102 trading sessions.
The current First Trust Small Cap BuyWrite Income ETF drawdown is 0.26%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -15.17%Apr 2025 | 1mo 6d | 4mo 29d | 6mo 5dMar 2025 - Sep 2025 |
2026 pullback2026 | -5.56%Mar 2026 | 17d | 1mo 16d | 2mo 3dMar 2026 - May 2026 |
2025 pullback2025 | -3.94%Oct 2025 | 28d | 26d | 1mo 24dSep 2025 - Nov 2025 |
2025 pullback2025 | -3.45%Nov 2025 | 7d | 6d | 13dNov 2025 - Nov 2025 |
2026 pullback2026 | -2.38%May 2026 | 13d | 24d | 1mo 7dMay 2026 - Jun 2026 |
Drawdown Indicators
| FTKI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.17% | -56.78% | +41.61% |
Max Drawdown (1Y)Largest decline over 1 year | -5.56% | -9.10% | +3.54% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.26% | -2.49% | +2.23% |
Average DrawdownAverage peak-to-trough decline | -2.53% | -10.72% | +8.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 2.03% | -0.37% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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