EDGE vs. FTQI

Last updated Jul 17, 2026

EDGE (MRBL Enhanced Equity ETF) and FTQI (First Trust Nasdaq BuyWrite Income ETF) are both exchange-traded funds - EDGE is a Derivative Income fund actively managed by MRBL, while FTQI is a Nasdaq-100 fund tracking the NASDAQ-100 Index. EDGE is actively managed, while FTQI is passively managed. Over the past year, EDGE returned 24.55% vs 26.34% for FTQI. Their correlation of 0.90 suggests significant overlap in exposure. EDGE charges 0.74%/yr vs 0.75%/yr for FTQI.

Performance

EDGE vs. FTQI - Performance Comparison

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

Returns By Period

In the year-to-date period, EDGE achieves a 10.56% return, which is significantly lower than FTQI's 12.76% return.

EDGE

• 1D: -0.49%
• 1M: 0.86%
• 6M: 9.18%
• YTD: 10.56%
• 1Y: 24.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTQI

• 1D: -0.72%
• 1M: 1.28%
• 6M: 11.68%
• YTD: 12.76%
• 1Y: 26.34%
• 3Y*: 16.62%
• 5Y*: 12.26%
• 10Y*: 7.85%

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

EDGE vs. FTQI - Yearly Performance Comparison

	2026 (YTD)	2025
EDGE MRBL Enhanced Equity ETF	10.56%	12.94%
FTQI First Trust Nasdaq BuyWrite Income ETF	12.76%	10.35%

Correlation

The correlation between EDGE and FTQI is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (All Time) Calculated using the full available price history since Jan 22, 2025	0.90

The correlation between EDGE and FTQI has been stable across timeframes, ranging from 0.90 to 0.90 - a consistent structural relationship.

Return for Risk

EDGE vs. FTQI — Risk / Return Rank

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

EDGE

EDGE Risk / Return Rank: 79
EDGE Sharpe Ratio Rank: 79
EDGE Sortino Ratio Rank: 78
EDGE Omega Ratio Rank: 83
EDGE Calmar Ratio Rank: 68
EDGE Martin Ratio Rank: 86

FTQI

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

EDGE vs. FTQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MRBL Enhanced Equity ETF (EDGE) 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.

	EDGE	FTQI	Difference
Sharpe ratio: Return per unit of total volatility	2.03	2.43	-0.40
Sortino ratio: Return per unit of downside risk	2.81	3.37	-0.56
Omega ratio: Gain probability vs. loss probability	1.39	1.45	-0.06
Calmar ratio: Return relative to maximum drawdown	2.74	4.24	-1.50
Martin ratio: Return relative to average drawdown	14.02	20.07	-6.05

EDGE vs. FTQI - Sharpe Ratio Comparison

The current EDGE Sharpe Ratio is 2.03, which is comparable to the FTQI Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of EDGE and FTQI, 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

EDGE vs. FTQI - Drawdown Comparison

The maximum EDGE drawdown since its inception was -20.66%, which is greater than FTQI's maximum drawdown of -19.42%. Use the drawdown chart below to compare losses from any high point for EDGE and FTQI.

Drawdown Indicators

	EDGE	FTQI	Difference
Max Drawdown Largest peak-to-trough decline	-20.66%	-19.42%	-1.24%
Max Drawdown (1Y) Largest decline over 1 year	-9.01%	-6.24%	-2.77%
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	-0.63%	-0.85%	+0.22%
Average Drawdown Average peak-to-trough decline	-2.70%	-3.73%	+1.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.76%	1.32%	+0.44%

Volatility

EDGE vs. FTQI - Volatility Comparison

MRBL Enhanced Equity ETF (EDGE) has a higher volatility of 3.45% compared to First Trust Nasdaq BuyWrite Income ETF (FTQI) at 2.92%. This indicates that EDGE's price experiences larger fluctuations and is considered to be riskier than FTQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EDGE	FTQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.45%	2.92%	+0.53%
Volatility (6M) Calculated over the trailing 6-month period	10.18%	8.83%	+1.35%
Volatility (1Y) Calculated over the trailing 1-year period	12.15%	10.87%	+1.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.85%	14.82%	+1.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.85%	12.98%	+2.87%

EDGE vs. FTQI - Expense Ratio Comparison

EDGE has a 0.74% expense ratio, which is lower than FTQI's 0.75% expense ratio.

Dividends

EDGE vs. FTQI - Dividend Comparison

EDGE has not paid dividends to shareholders, while FTQI's dividend yield for the trailing twelve months is around 10.92%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EDGE MRBL Enhanced Equity ETF	0.00%	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	10.92%	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 EDGE and FTQI in my portfolio?

With a correlation of 0.90, EDGE and FTQI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, EDGE or FTQI?

EDGE has higher volatility (3.45%) compared to FTQI (2.92%). In terms of maximum drawdown, EDGE dropped -20.66% vs FTQI's -19.42%.

Which ETF is better, EDGE or FTQI?

On 1-year performance, FTQI leads with 26.34% vs 24.55% for EDGE. On fees, EDGE is cheaper at 0.74% per year. On volatility, FTQI has been the lower-risk option at 2.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EDGE or FTQI?

Over the 1-year period, FTQI has performed better with a 26.34% return vs 24.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EDGE or FTQI?

EDGE is cheaper with a 0.74% expense ratio, compared with 0.75% for FTQI.

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

FTQI has the higher dividend yield at 10.92%, compared with 0.00% for EDGE.

What is the main difference between EDGE and FTQI?

EDGE is categorized as Derivative Income, while FTQI is Nasdaq-100. They also come from different issuers: MRBL and First Trust. Their fees differ too: 0.74% for EDGE and 0.75% for FTQI.

Which has better risk-adjusted returns?

FTQI currently has the higher Sharpe Ratio (2.43 vs 2.03), 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.