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 36 ETFs in the Nasdaq-100 category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR Portfolio Nasdaq 100 ETF | 0.10% | 150.50M | Jun 2026 | FTQI vs QNDX | |
| iShares Nasdaq 100 ETF | 0.10% | 302.44M | Jul 2026 | FTQI vs IQQ | |
| Invesco NASDAQ 100 ETF | 0.15% | 97.11B | Oct 2020 | FTQI vs QQQM | |
| Invesco QQQ ETF | 0.18% | 452.80B | Mar 1999 | FTQI vs QQQ | |
| Invesco ESG NASDAQ 100 ETF | 0.20% | 194.23M | Oct 2021 | FTQI vs QQMG |
Best Risk-Adjusted Alternatives to FTQI
FTQI has a PortfoliosLab risk / return rank of 88. There are 4 ETFs in the Nasdaq-100 category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Nasdaq-100 Power Buffer ETF - April | 97 | 207.95M | Mar 2020 | FTQI vs NAPR | |
| PGIM Nasdaq-100 Buffer 12 ETF - April | 97 | 26.30M | Dec 2024 | FTQI vs PQAP | |
| ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 96 | 2.87M | Jun 2025 | FTQI vs QB | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 95 | 566.25M | Mar 2021 | FTQI vs QMAR | |
| FT Vest NASDAQ-100 Conservative Buffer ETF - April | 87 | — | Apr 2024 | FTQI vs QCAP |
Top Performing FTQI Alternatives (YTD)
FTQI is at 14.01% YTD. There are 15 ETFs in the Nasdaq-100 category with higher YTD returns, going as high as 47.65%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 47.65% | 69.09M | May 2021 | FTQI vs QQQA | |
| First Trust NASDAQ-100 Technology Sector Index Fun... | 37.09% | 4.57B | Apr 2006 | FTQI vs QTEC | |
| Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders E... | 27.29% | 20.86M | Aug 2024 | FTQI vs QQQG | |
| iShares Nasdaq Premium Income Active ETF | 20.79% | 16.09M | Dec 2025 | FTQI vs BALQ | |
| Direxion NASDAQ-100 Equal Weighted Index Shares | 18.72% | 1.33B | Mar 2012 | FTQI vs QQQE |
Lowest Volatility Alternatives to FTQI
FTQI has 11.24% 1-year volatility. There are 21 ETFs in the Nasdaq-100 category with lower 1-year volatility, going as low as 4.25%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest NASDAQ-100 Conservative Buffer ETF - April | 4.25% | — | Apr 2024 | FTQI vs QCAP | |
| Innovator Nasdaq-100 Power Buffer ETF - April | 4.74% | 207.95M | Mar 2020 | FTQI vs NAPR | |
| PGIM Nasdaq-100 Buffer 12 ETF - April | 5.40% | 26.30M | Dec 2024 | FTQI vs PQAP | |
| FT Vest Nasdaq-100 Conservative Buffer ETF - July | 6.01% | — | Jul 2024 | FTQI vs QCJL | |
| Innovator Nasdaq-100 10 Buffer ETF - Quarterly | 6.24% | 162.74M | Jun 2024 | FTQI vs QBUF |
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 -2.06%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Nasdaq-100 Power Buffer ETF - April | -2.06% | 207.95M | Mar 2020 | FTQI vs NAPR | |
| PGIM Nasdaq-100 Buffer 12 ETF - April | -2.52% | 26.30M | Dec 2024 | FTQI vs PQAP | |
| FT Vest NASDAQ-100 Conservative Buffer ETF - April | -2.58% | — | Apr 2024 | FTQI vs QCAP | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | -3.21% | 566.25M | Mar 2021 | FTQI vs QMAR | |
| ProShares Nasdaq-100 Dynamic Daily Buffer ETF | -3.47% | 2.87M | Jun 2025 | FTQI vs QB |
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 FTQI
Investors most often compare FTQI with FTHI, JEPQ, QYLD. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare FTQI with Any Fund or Stock
Compare FTQI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
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