CWY vs. FTQI

Last updated Jul 21, 2026

CWY (GraniteShares YieldBOOST CRWV ETF) and FTQI (First Trust Nasdaq BuyWrite Income ETF) are both exchange-traded funds - CWY is a Derivative Income fund actively managed by GraniteShares, while FTQI is a Nasdaq-100 fund tracking the NASDAQ-100 Index. CWY is actively managed, while FTQI is passively managed. At a 0.44 correlation, their price movements are largely independent. CWY charges 1.07%/yr vs 0.75%/yr for FTQI.

Performance

CWY vs. FTQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST CRWV ETF (CWY) and First Trust Nasdaq BuyWrite Income ETF (FTQI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CWY

• 1D: -0.65%
• 1M: -11.35%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

FTQI

• 1D: -0.18%
• 1M: 0.69%
• 6M: 11.24%
• YTD: 12.14%
• 1Y: 25.21%
• 3Y*: 16.53%
• 5Y*: 11.93%
• 10Y*: 8.12%
• ALL TIME*: 7.03%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CWY vs. FTQI - Yearly Performance Comparison

	2026 (YTD)
CWY GraniteShares YieldBOOST CRWV ETF	-9.00%
FTQI First Trust Nasdaq BuyWrite Income ETF	2.83%

Correlation

The correlation between CWY and FTQI is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 26, 2026	0.44

Return for Risk

CWY vs. FTQI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CWY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FTQI

FTQI Risk / Return Rank: 91
FTQI Sharpe Ratio Rank: 90
FTQI Sortino Ratio Rank: 89
FTQI Omega Ratio Rank: 89
FTQI Calmar Ratio Rank: 90
FTQI Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CWY vs. FTQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST CRWV ETF (CWY) and First Trust Nasdaq BuyWrite Income ETF (FTQI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	CWY	FTQI	Difference
Sharpe ratio: Return per unit of total volatility	—	2.33	—
Sortino ratio: Return per unit of downside risk	—	3.24	—
Omega ratio: Gain probability vs. loss probability	—	1.43	—
Calmar ratio: Return relative to maximum drawdown	—	4.06	—
Martin ratio: Return relative to average drawdown	—	19.14	—

Drawdowns

CWY vs. FTQI - Drawdown Comparison

The maximum CWY drawdown since its inception was -11.67%, smaller than the maximum FTQI drawdown of -19.42%. Use the drawdown chart below to compare losses from any high point for CWY and FTQI.

Drawdown Indicators

	CWY	FTQI	Difference
Max Drawdown Largest peak-to-trough decline	-11.67%	-19.42%	+7.75%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.24%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.42%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.42%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-19.42%	—
Current Drawdown Current decline from peak	-11.67%	-1.39%	-10.28%
Average Drawdown Average peak-to-trough decline	-3.96%	-3.72%	-0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.32%	—

Volatility

Volatility by Period

	CWY	FTQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.90%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.20%	10.90%	+5.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.20%	14.80%	+1.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.20%	12.94%	+3.26%

CWY vs. FTQI - Expense Ratio Comparison

CWY has a 1.07% expense ratio, which is higher than FTQI's 0.75% expense ratio.

Dividends

CWY vs. FTQI - Dividend Comparison

CWY's dividend yield for the trailing twelve months is around 14.04%, more than FTQI's 10.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CWY GraniteShares YieldBOOST CRWV ETF	14.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FTQI First Trust Nasdaq BuyWrite Income ETF	10.98%	11.46%	11.66%	11.49%	9.85%	3.05%	3.27%	2.95%	3.27%	2.74%	3.02%	3.54%

Frequently Asked Questions

Can I hold both CWY and FTQI in my portfolio?

CWY and FTQI have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CWY or FTQI?

On fees, FTQI is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CWY or FTQI?

FTQI is cheaper with a 0.75% expense ratio, compared with 1.07% for CWY.

Which ETF pays a higher dividend yield, CWY or FTQI?

CWY has the higher dividend yield at 14.04%, compared with 10.98% for FTQI.

What is the main difference between CWY and FTQI?

CWY is categorized as Derivative Income, while FTQI is Nasdaq-100. They also come from different issuers: GraniteShares and First Trust. Their fees differ too: 1.07% for CWY and 0.75% for FTQI.