First Trust Small Cap BuyWrite Income ETF (FTKI) 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 FTKI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FTKI
FTKI 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 | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 27.32M | Nov 2024 | FTKI vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 45.59M | Sep 2024 | FTKI vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 303.13M | Mar 2024 | FTKI vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 185.18M | Apr 2024 | FTKI vs FYEE | |
| Parametric Equity Premium Income ETF | 0.29% | 398.58M | Oct 2023 | FTKI vs PAPI |
Best Risk-Adjusted Alternatives to FTKI
FTKI has a PortfoliosLab risk / return rank of 69. There are 26 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 95 | 1.16B | Apr 2025 | FTKI vs CHPY | |
| SoFi Enhanced Yield ETF | 94 | 34.73M | Nov 2023 | FTKI vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 262.22M | Jul 2023 | FTKI vs GOOY | |
| YieldMax AMD Option Income Strategy ETF | 90 | 409.32M | Sep 2023 | FTKI vs AMDY | |
| Simplify Treasury Option Income ETF | 86 | 465.86M | Oct 2022 | FTKI vs BUCK |
Top Performing FTKI Alternatives (YTD)
FTKI is at 11.17% YTD. There are 48 ETFs in the Derivative Income category with higher YTD returns, going as high as 19,132.59%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| REX HOOD Growth & Income ETF | 19,132.59% | 1.44M | Nov 2025 | FTKI vs HOII | |
| REX CRWV Growth & Income ETF | 13,199.78% | 2.19M | Nov 2025 | FTKI vs CWII | |
| Roundhill ARM WeeklyPay ETF | 297.09% | 17.52M | Oct 2025 | FTKI vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 176.01% | 83.00M | Jul 2025 | FTKI vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 101.34% | 409.32M | Sep 2023 | FTKI vs AMDY |
Lowest Volatility Alternatives to FTKI
FTKI has 9.91% 1-year volatility. There are 39 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.98%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.98% | 465.86M | Oct 2022 | FTKI vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.86% | 90.05M | Feb 2025 | FTKI vs HYTI | |
| Main Buywrite ETF | 4.84% | 1.23B | Dec 2015 | FTKI vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.11% | 292.66M | Feb 2025 | FTKI vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 5.52% | 50.16M | Aug 2021 | FTKI vs XRMI |
Lowest Drawdown Alternatives to FTKI
FTKI has a 1-year max drawdown of -5.56%. There are 17 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -1.31%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -1.31% | 465.86M | Oct 2022 | FTKI vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.05M | Feb 2025 | FTKI vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.23B | Dec 2015 | FTKI vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | FTKI vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | FTKI 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.
Often Compared With FTKI
Investors most often compare FTKI with LLII, PRXV, TLTX. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare FTKI with Any Fund or Stock
Compare FTKI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FTKI with funds that move differently
First Trust Small Cap BuyWrite Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FTKI.
Explore FTKI Diversifiers