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 119 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 | FTKI vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 329.53M | Mar 2024 | FTKI vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 46.39M | Sep 2024 | FTKI vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | FTKI vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 781.48M | Jul 2024 | FTKI vs QQA |
Best Risk-Adjusted Alternatives to FTKI
FTKI has a PortfoliosLab risk / return rank of 88. There are 10 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 | FTKI vs THTA | |
| Global X S&P 500 Covered Call ETF | 92 | 3.24B | Jun 2013 | FTKI vs XYLD | |
| Invesco S&P 500 BuyWrite ETF | 92 | 358.08M | Dec 2007 | FTKI vs PBP | |
| Simplify Treasury Option Income ETF | 91 | 489.70M | Oct 2022 | FTKI vs BUCK | |
| Global X Russell 2000 Covered Call ETF | 90 | 1.37B | Apr 2019 | FTKI vs RYLD |
Top Performing FTKI Alternatives (YTD)
FTKI is at 14.85% YTD. There are 56 ETFs in the Derivative Income category with higher YTD returns, going as high as 184.82%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 184.82% | 22.04M | Oct 2025 | FTKI vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 175.61% | 114.09M | Jul 2025 | FTKI vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 105.10% | 382.78M | Sep 2023 | FTKI vs AMDY | |
| YieldMax Target 12™ Semiconductor Option Income ET... | 70.13% | 64.01M | Dec 2024 | FTKI vs SOXY | |
| YieldMax MRNA Option Income Strategy ETF | 67.49% | 106.87M | Oct 2023 | FTKI vs MRNY |
Lowest Volatility Alternatives to FTKI
FTKI has 10.08% 1-year volatility. There are 43 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.47%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.47% | 489.70M | Oct 2022 | FTKI vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | 2.94% | 112.06M | Aug 2022 | FTKI vs HYGW | |
| Janus Henderson Equity Linked Moderate Income ETF | 3.69% | — | Apr 2026 | FTKI vs JELM | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.79% | 289.20M | Apr 2026 | FTKI vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.83% | 90.28M | Feb 2025 | FTKI vs HYTI |
Lowest Drawdown Alternatives to FTKI
FTKI has a 1-year max drawdown of -5.56%. There are 18 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 | FTKI vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | -1.82% | 112.06M | Aug 2022 | FTKI vs HYGW | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.28M | Feb 2025 | FTKI vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.30B | Dec 2015 | FTKI vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | FTKI 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 FTKI
Investors most often compare FTKI with PRXV, TLTX, IVEP. These 20 comparison targets span 14 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