DHSB vs. LQTI

Last updated Aug 4, 2026

DHSB (Day Hagan Smart Buffer ETF) and LQTI (FT Vest Investment Grade & Target Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, DHSB returned 9.26% vs 1.18% for LQTI. Their 0.24 correlation means their historical movements had little consistent relationship. DHSB charges 0.68%/yr vs 0.65%/yr for LQTI.

Performance

DHSB vs. LQTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Day Hagan Smart Buffer ETF (DHSB) and FT Vest Investment Grade & Target Income ETF (LQTI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DHSB achieves a 5.52% return, which is significantly higher than LQTI's -1.43% return.

DHSB

• 1D: 0.62%
• 1M: 1.14%
• 6M: 4.85%
• YTD: 5.52%
• 1Y: 9.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.06%

LQTI

• 1D: 0.17%
• 1M: -2.07%
• 6M: -1.65%
• YTD: -1.43%
• 1Y: 1.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.42%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DHSB Day Hagan Smart Buffer ETF	$65.64K	$43.33K	$221.24K
LQTI FT Vest Investment Grade & Target Income ETF	$2.35M	$2.18M	$1.66M

DHSB vs. LQTI - Yearly Performance Comparison

	2026 (YTD)	2025
DHSB Day Hagan Smart Buffer ETF	5.52%	4.73%
LQTI FT Vest Investment Grade & Target Income ETF	-1.43%	6.69%

Correlation

The correlation between DHSB and LQTI is 0.25, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.25
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025	0.24

Return for Risk

DHSB vs. LQTI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DHSB

DHSB Risk / Return Rank: 68
DHSB Sharpe Ratio Rank: 54
DHSB Sortino Ratio Rank: 60
DHSB Omega Ratio Rank: 68
DHSB Calmar Ratio Rank: 73
DHSB Martin Ratio Rank: 86

LQTI

LQTI Risk / Return Rank: 15
LQTI Sharpe Ratio Rank: 15
LQTI Sortino Ratio Rank: 14
LQTI Omega Ratio Rank: 13
LQTI Calmar Ratio Rank: 16
LQTI Martin Ratio Rank: 17

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DHSB vs. LQTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Day Hagan Smart Buffer ETF (DHSB) and FT Vest Investment Grade & Target Income ETF (LQTI). 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.

	DHSB	LQTI	Difference
Sharpe ratio: Return per unit of total volatility	1.43	0.23	+1.20
Sortino ratio: Return per unit of downside risk	2.21	0.36	+1.85
Omega ratio: Gain probability vs. loss probability	1.31	1.04	+0.27
Calmar ratio: Return relative to maximum drawdown	2.80	0.35	+2.46
Martin ratio: Return relative to average drawdown	13.56	0.88	+12.68

DHSB vs. LQTI - Sharpe Ratio Comparison

The current DHSB Sharpe Ratio is 1.43, which is higher than the LQTI Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of DHSB and LQTI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DHSB vs. LQTI - Drawdown Comparison

The maximum DHSB drawdown since its inception was -7.65%, which is greater than LQTI's maximum drawdown of -3.41%. Use the drawdown chart below to compare losses from any high point for DHSB and LQTI.

Drawdown Indicators

	DHSB	LQTI	Difference
Max Drawdown Largest peak-to-trough decline	-7.65%	-3.41%	-4.24%
Max Drawdown (1Y) Largest decline over 1 year	-3.32%	-3.41%	+0.09%
Current Drawdown Current decline from peak	0.00%	-3.01%	+3.01%
Average Drawdown Average peak-to-trough decline	-0.84%	-0.98%	+0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.68%	1.35%	-0.67%

Volatility

DHSB vs. LQTI - Volatility Comparison

Day Hagan Smart Buffer ETF (DHSB) has a higher volatility of 2.11% compared to FT Vest Investment Grade & Target Income ETF (LQTI) at 1.40%. This indicates that DHSB's price experiences larger fluctuations and is considered to be riskier than LQTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DHSB	LQTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.11%	1.40%	+0.71%
Volatility (6M) Calculated over the trailing 6-month period	5.84%	4.13%	+1.71%
Volatility (1Y) Calculated over the trailing 1-year period	6.51%	5.14%	+1.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.57%	5.89%	+2.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.57%	5.89%	+2.68%

DHSB vs. LQTI - Expense Ratio Comparison

DHSB has a 0.68% expense ratio, which is higher than LQTI's 0.65% expense ratio.

Dividends

DHSB vs. LQTI - Dividend Comparison

DHSB's dividend yield for the trailing twelve months is around 1.18%, less than LQTI's 9.35% yield.

Position	TTM	2025
DHSB Day Hagan Smart Buffer ETF	1.18%	1.25%
LQTI FT Vest Investment Grade & Target Income ETF	9.35%	7.01%

Frequently Asked Questions

Can I hold both DHSB and LQTI in my portfolio?

DHSB and LQTI have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DHSB or LQTI?

DHSB has higher volatility (2.11%) compared to LQTI (1.40%). In terms of maximum drawdown, DHSB dropped -7.65% vs LQTI's -3.41%.

Which ETF is better, DHSB or LQTI?

On 1-year performance, DHSB leads with 9.26% vs 1.18% for LQTI. On fees, LQTI is cheaper at 0.65% per year. On volatility, LQTI has been the lower-risk option at 1.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DHSB or LQTI?

Over the 1-year period, DHSB has performed better with a 9.26% return vs 1.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DHSB or LQTI?

LQTI is cheaper with a 0.65% expense ratio, compared with 0.68% for DHSB.

Which ETF pays a higher dividend yield, DHSB or LQTI?

LQTI has the higher dividend yield at 9.35%, compared with 1.18% for DHSB.

What is the main difference between DHSB and LQTI?

They also come from different issuers: Day Hagan and FT Vest. Their fees differ too: 0.68% for DHSB and 0.65% for LQTI.

Which has better risk-adjusted returns?

DHSB currently has the higher Sharpe Ratio (1.43 vs 0.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.