DYLG vs. FTHI

Last updated Jun 4, 2026

DYLG (Global X Dow 30 Covered Call & Growth ETF) and FTHI (First Trust BuyWrite Income ETF) are both Derivative Income funds. DYLG is passively managed, while FTHI is actively managed. Over the past year, DYLG returned 17.86% vs 16.43% for FTHI. A 0.79 correlation means they provide meaningful diversification when combined. DYLG charges 0.35%/yr vs 0.85%/yr for FTHI.

Performance

DYLG vs. FTHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Dow 30 Covered Call & Growth ETF (DYLG) and First Trust BuyWrite Income ETF (FTHI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with DYLG having a 4.63% return and FTHI slightly higher at 4.79%.

DYLG

• 1D: -0.65%
• 1M: 3.69%
• YTD: 4.63%
• 6M: 5.52%
• 1Y: 17.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTHI

• 1D: -0.17%
• 1M: 1.75%
• YTD: 4.79%
• 6M: 5.22%
• 1Y: 16.43%
• 3Y*: 14.50%
• 5Y*: 10.17%
• 10Y*: 8.54%

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

DYLG vs. FTHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DYLG Global X Dow 30 Covered Call & Growth ETF	4.63%	12.50%	14.46%	4.05%
FTHI First Trust BuyWrite Income ETF	4.79%	11.03%	19.02%	4.37%

Correlation

The correlation between DYLG and FTHI is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jul 27, 2023	0.79

The correlation between DYLG and FTHI has been stable across timeframes, ranging from 0.77 to 0.79 - a consistent structural relationship.

DYLG vs. FTHI - Sectors Allocation Comparison

Sectors	DYLG	FTHI
Financial Services	27.2%	15.4%
Industrials	18.4%	13.9%
Technology	17.1%	11.4%
Healthcare	13.1%	8.5%
Consumer Cyclical	11.6%	7.5%
Consumer Defensive	4.4%	7.5%
Basic Materials	4.0%	5.0%
Energy	2.4%	7.0%
Communication Services	1.9%	5.0%
Real Estate	-	7.0%
Utilities	-	10.0%

Return for Risk

DYLG vs. FTHI — Risk / Return Rank

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

DYLG

DYLG Risk / Return Rank: 53
DYLG Sharpe Ratio Rank: 56
DYLG Sortino Ratio Rank: 57
DYLG Omega Ratio Rank: 57
DYLG Calmar Ratio Rank: 43
DYLG Martin Ratio Rank: 52

FTHI

FTHI Risk / Return Rank: 59
FTHI Sharpe Ratio Rank: 54
FTHI Sortino Ratio Rank: 56
FTHI Omega Ratio Rank: 57
FTHI Calmar Ratio Rank: 60
FTHI Martin Ratio Rank: 70

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.

DYLG vs. FTHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Dow 30 Covered Call & Growth ETF (DYLG) and First Trust BuyWrite Income ETF (FTHI). 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.

	DYLG	FTHI	Difference
Sharpe ratio: Return per unit of total volatility	1.90	1.87	+0.03
Sortino ratio: Return per unit of downside risk	2.74	2.71	+0.04
Omega ratio: Gain probability vs. loss probability	1.35	1.36	0.00
Calmar ratio: Return relative to maximum drawdown	2.16	3.02	-0.86
Martin ratio: Return relative to average drawdown	8.78	13.19	-4.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DYLG vs. FTHI - Sharpe Ratio Comparison

The current DYLG Sharpe Ratio is 1.90, which is comparable to the FTHI Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of DYLG and FTHI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DYLG	FTHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	1.87	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.76	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	0.53	+0.57

Drawdowns

DYLG vs. FTHI - Drawdown Comparison

The maximum DYLG drawdown since its inception was -13.98%, smaller than the maximum FTHI drawdown of -32.65%. Use the drawdown chart below to compare losses from any high point for DYLG and FTHI.

Drawdown Indicators

	DYLG	FTHI	Difference
Max Drawdown Largest peak-to-trough decline	-13.98%	-32.65%	+18.67%
Max Drawdown (1Y) Largest decline over 1 year	-8.31%	-5.47%	-2.84%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.92%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.70%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.65%	—
Current Drawdown Current decline from peak	-0.65%	-0.17%	-0.48%
Average Drawdown Average peak-to-trough decline	-1.86%	-3.68%	+1.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	1.25%	+0.79%

Volatility

DYLG vs. FTHI - Volatility Comparison

Global X Dow 30 Covered Call & Growth ETF (DYLG) has a higher volatility of 2.46% compared to First Trust BuyWrite Income ETF (FTHI) at 1.67%. This indicates that DYLG's price experiences larger fluctuations and is considered to be riskier than FTHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DYLG	FTHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.46%	1.67%	+0.79%
Volatility (6M) Calculated over the trailing 6-month period	7.46%	7.05%	+0.41%
Volatility (1Y) Calculated over the trailing 1-year period	9.44%	8.81%	+0.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.44%	13.44%	-2.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.44%	14.33%	-2.89%

DYLG vs. FTHI - Expense Ratio Comparison

DYLG has a 0.35% expense ratio, which is lower than FTHI's 0.85% expense ratio.

Dividends

DYLG vs. FTHI - Dividend Comparison

DYLG's dividend yield for the trailing twelve months is around 9.54%, more than FTHI's 8.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DYLG Global X Dow 30 Covered Call & Growth ETF	9.54%	9.63%	16.55%	1.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FTHI First Trust BuyWrite Income ETF	8.73%	8.70%	8.61%	8.50%	9.06%	4.37%	4.76%	4.21%	4.76%	4.00%	4.41%	4.98%

Frequently Asked Questions

Can I hold both DYLG and FTHI in my portfolio?

DYLG and FTHI have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DYLG or FTHI?

DYLG has higher volatility (2.46%) compared to FTHI (1.67%). In terms of maximum drawdown, DYLG dropped -13.98% vs FTHI's -32.65%.

Which ETF is better, DYLG or FTHI?

On 1-year performance, DYLG leads with 17.86% vs 16.43% for FTHI. On fees, DYLG is cheaper at 0.35% per year. On volatility, FTHI has been the lower-risk option at 1.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DYLG or FTHI?

Over the 1-year period, DYLG has performed better with a 17.86% return vs 16.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DYLG or FTHI?

DYLG is cheaper with a 0.35% expense ratio, compared with 0.85% for FTHI.

Which ETF pays a higher dividend yield, DYLG or FTHI?

DYLG has the higher dividend yield at 9.54%, compared with 8.73% for FTHI.

What is the main difference between DYLG and FTHI?

They also come from different issuers: Global X and First Trust. Their fees differ too: 0.35% for DYLG and 0.85% for FTHI.

Which has better risk-adjusted returns?

DYLG currently has the higher Sharpe Ratio (1.90 vs 1.87), 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.