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First Trust Nasdaq BuyWrite Income ETF (FTQI) Alternatives

ETF · Currency in USD · Last updated Jul 16, 2026

FTQI is a passive ETF by First Trust tracking the investment results of the NASDAQ-100 Index. FTQI launched on Jan 6, 2014 and has a 0.75% expense ratio.

First Trust Nasdaq BuyWrite Income ETF (FTQI) belongs to the Nasdaq-100 category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FTQI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FTQI

FTQI charges 0.75% annually. There are 32 ETFs in the Nasdaq-100 category with lower expense ratios, going as low as 0.10%.

SymbolNameExpense RatioAUMInception
QNDX
SPDR Portfolio Nasdaq 100 ETF0.10%—Jun 2026FTQI vs QNDX
QQQM
Invesco NASDAQ 100 ETF0.15%100.59BOct 2020FTQI vs QQQM
QQQ
Invesco QQQ ETF0.18%481.14BMar 1999FTQI vs QQQ
QNXT
iShares Nasdaq-100 ex Top 30 ETF0.20%28.66MOct 2024FTQI vs QNXT
QQMG
Invesco ESG NASDAQ 100 ETF0.20%206.73MOct 2021FTQI vs QQMG

Best Risk-Adjusted Alternatives to FTQI

FTQI has a PortfoliosLab risk / return rank of 92. There are 5 ETFs in the Nasdaq-100 category with higher risk-adjusted ranks, going as high as 97.

SymbolNameRisk / Return RankAUMInception
NAPR
Innovator Nasdaq-100 Power Buffer ETF - April
97
210.48MMar 2020FTQI vs NAPR
PQAP
PGIM Nasdaq-100 Buffer 12 ETF - April
97
25.92MDec 2024FTQI vs PQAP
QMAR
FT Cboe Vest Nasdaq-100 Buffer ETF - March
96
568.10MMar 2021FTQI vs QMAR
QB
ProShares Nasdaq-100 Dynamic Daily Buffer ETF
95
2.84MJun 2025FTQI vs QB
QCAP
FT Vest NASDAQ-100 Conservative Buffer ETF - April
92
—Apr 2024FTQI vs QCAP

Top Performing FTQI Alternatives (YTD)

FTQI is at 13.57% YTD. There are 15 ETFs in the Nasdaq-100 category with higher YTD returns, going as high as 49.00%.

SymbolNameYTD ReturnAUMInception
QQQA
ProShares Nasdaq-100 Dorsey Wright Momentum ETF
49.00%
81.18MMay 2021FTQI vs QQQA
QTEC
First Trust NASDAQ-100 Technology Sector Index Fun...
35.78%
4.80BApr 2006FTQI vs QTEC
QQQG
Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders E...
28.44%
20.29MAug 2024FTQI vs QQQG
BALQ
iShares Nasdaq Premium Income Active ETF
19.70%
16.35MDec 2025FTQI vs BALQ
QQMG
Invesco ESG NASDAQ 100 ETF
18.04%
206.73MOct 2021FTQI vs QQMG

Lowest Volatility Alternatives to FTQI

FTQI has 10.84% 1-year volatility. There are 18 ETFs in the Nasdaq-100 category with lower 1-year volatility, going as low as 3.79%.

SymbolNameVolatility 1YAUMInception
QCAP
FT Vest NASDAQ-100 Conservative Buffer ETF - April3.79%—Apr 2024FTQI vs QCAP
NAPR
Innovator Nasdaq-100 Power Buffer ETF - April4.46%210.48MMar 2020FTQI vs NAPR
PQAP
PGIM Nasdaq-100 Buffer 12 ETF - April5.12%25.92MDec 2024FTQI vs PQAP
QBUF
Innovator Nasdaq-100 10 Buffer ETF - Quarterly5.52%165.79MJun 2024FTQI vs QBUF
QCJL
FT Vest Nasdaq-100 Conservative Buffer ETF - July5.54%—Jul 2024FTQI vs QCJL

Lowest Drawdown Alternatives to FTQI

FTQI has a 1-year max drawdown of -6.24%. There are 13 ETFs in the Nasdaq-100 category with shallower 1-year drawdowns, going as shallow as -1.79%.

SymbolNameMax Drawdown 1YAUMInception
NAPR
Innovator Nasdaq-100 Power Buffer ETF - April
-1.79%
210.48MMar 2020FTQI vs NAPR
QCAP
FT Vest NASDAQ-100 Conservative Buffer ETF - April
-2.10%
—Apr 2024FTQI vs QCAP
PQAP
PGIM Nasdaq-100 Buffer 12 ETF - April
-2.15%
25.92MDec 2024FTQI vs PQAP
QBUF
Innovator Nasdaq-100 10 Buffer ETF - Quarterly
-2.31%
165.79MJun 2024FTQI vs QBUF
QMAR
FT Cboe Vest Nasdaq-100 Buffer ETF - March
-3.21%
568.10MMar 2021FTQI vs QMAR

Other ETFs from First Trust

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

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
CIBR
First Trust NASDAQ Cybersecurity ETFCybersecurity, Technology Equities
34
30.63%
14.26BJul 2015FTQI vs CIBR
GRID
First Trust NASDAQ Clean Edge Smart Grid Infrastru...Alternative Energy Equities
58
19.90%
11.74BNov 2009FTQI vs GRID
AIRR
First Trust RBA American Industrial Renaissance ET...Building & Construction
72
25.41%
10.80BMar 2014FTQI vs AIRR
NFTY
First Trust India NIFTY 50 Equal Weight ETFIndia Equities, Equal Weight, Asia Pacific Equities
4
-8.16%
132.86MFeb 2012FTQI vs NFTY
FDL
First Trust Morningstar Dividend Leaders Index Fun...Large Cap Value Equities, Dividend
82
14.84%
7.48BMar 2006FTQI vs FDL
IGLD
FT Vest Gold Strategy Target Income ETFGold, Derivative Income, Precious Metals
20
-6.87%
510.89MMar 2021FTQI vs IGLD
FTXL
First Trust Nasdaq Semiconductor ETFSemiconductors, Technology Equities
94
86.01%
2.46BSep 2016FTQI vs FTXL
TDIV
First Trust NASDAQ Technology Dividend Index FundTechnology Equities, Dividend
36
14.50%
4.34BAug 2012FTQI vs TDIV
QCLN
First Trust NASDAQ Clean Edge Green Energy Index F...Alternative Energy Equities
54
22.86%
718.18MFeb 2007FTQI vs QCLN
KNG
FT Vest S&P 500 Dividend Aristocrats Target Income...Dividend, S&P 500
32
6.78%
3.40BMar 2018FTQI vs KNG

Often Compared With FTQI

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

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
FTHI
First Trust BuyWrite Income ETFDerivative Income
62
5.95%
2.38BJan 2014FTQI vs FTHI
JEPQ
JPMorgan Nasdaq Equity Premium Income ETFNasdaq-100, Derivative Income
67
9.45%
40.37BMay 2022FTQI vs JEPQ
QYLD
Global X NASDAQ 100 Covered Call ETFNasdaq-100, Derivative Income
89
10.00%
8.37BDec 2013FTQI vs QYLD
QQQI
NEOS Nasdaq-100 High Income ETFNasdaq-100, Derivative Income
57
11.31%
13.32BJan 2024FTQI vs QQQI
TUGN
STF Tactical Growth & Income ETFDiversified Portfolio
53
16.88%
76.94MMay 2022FTQI vs TUGN
SPYI
NEOS S&P 500 High Income ETFDerivative Income, S&P 500
74
8.67%
10.67BAug 2022FTQI vs SPYI
SPY
State Street SPDR S&P 500 ETFS&P 500
70
11.28%
783.21BJan 1993FTQI vs SPY
QDPL
Pacer Metaurus US Large Cap Dividend Multiplier 40...Large Cap Blend Equities
67
10.61%
1.68BJul 2021FTQI vs QDPL
PHDG
Invesco S&P 500 Downside Hedged ETFEquity Hedged, S&P 500
68
11.22%
74.50MDec 2012FTQI vs PHDG
VOO
Vanguard S&P 500 ETFS&P 500
70
11.30%
1.70TSep 2010FTQI vs VOO
WTPI
WisdomTree Equity Premium Income FundDerivative Income
67
5.22%
496.99MFeb 2016FTQI vs WTPI
BTCI
NEOS Bitcoin High Income ETFCryptocurrency, Derivative Income
2
-24.09%
1.10BOct 2024FTQI vs BTCI
JEPI
JPMorgan Equity Premium Income ETFDividend, Derivative Income
34
3.04%
45.17BMay 2020FTQI vs JEPI
SCHD
Schwab U.S. Dividend Equity ETFDividend
89
19.84%
98.55BOct 2011FTQI vs SCHD
GPIQ
Goldman Sachs Nasdaq-100 Core Premium Income ETFNasdaq-100, Dividend
72
15.83%
5.03BOct 2023FTQI vs GPIQ
CHPY
YieldMax Semiconductor Portfolio Option Income ETFDerivative Income, Semiconductors
94
70.62%
1.16BApr 2025FTQI vs CHPY
QDVO
Amplify CWP Growth & Income ETFDerivative Income
55
9.25%
728.58MAug 2024FTQI vs QDVO
KQQQ
Kurv Technology Titans Select ETFTechnology Equities, Derivative Income, Options Trading, Actively Managed
45
15.28%
100.42MJul 2024FTQI vs KQQQ
QQQQ.TO
Mackenzie NASDAQ 100 Index ETFNasdaq-100—
19.55%
—Aug 2025FTQI vs QQQQ.TO
TSMY
YieldMax TSM Option Income Strategy ETFDerivative Income
78
33.29%
125.11MAug 2024FTQI vs TSMY

Compare FTQI with Any Fund or Stock

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

 

Diversifiers

Pair FTQI with funds that move differently

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

Explore FTQI Diversifiers