EDGX vs. FTQI

Last updated Jul 17, 2026

EDGX (Global X U.S. 500 Income Edge ETF) and FTQI (First Trust Nasdaq BuyWrite Income ETF) are both exchange-traded funds - EDGX is a Derivative Income fund tracking the Solactive GBS United States 500 Index, while FTQI is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Their correlation of 0.89 suggests significant overlap in exposure.

Performance

EDGX vs. FTQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X U.S. 500 Income Edge ETF (EDGX) and First Trust Nasdaq BuyWrite Income ETF (FTQI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EDGX

• 1D: -0.35%
• 1M: 0.23%
• 6M: —
• YTD: —
• 1Y: —
• 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)

EDGX vs. FTQI - Yearly Performance Comparison

	2026 (YTD)
EDGX Global X U.S. 500 Income Edge ETF	9.90%
FTQI First Trust Nasdaq BuyWrite Income ETF	13.37%

Correlation

The correlation between EDGX and FTQI is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 18, 2026	0.89

Return for Risk

EDGX vs. FTQI — Risk / Return Rank

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

EDGX

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: 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.

EDGX vs. FTQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X U.S. 500 Income Edge ETF (EDGX) 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.

	EDGX	FTQI	Difference
Sharpe ratio: Return per unit of total volatility	—	2.43	—
Sortino ratio: Return per unit of downside risk	—	3.37	—
Omega ratio: Gain probability vs. loss probability	—	1.45	—
Calmar ratio: Return relative to maximum drawdown	—	4.24	—
Martin ratio: Return relative to average drawdown	—	20.07	—

Drawdowns

EDGX vs. FTQI - Drawdown Comparison

The maximum EDGX drawdown since its inception was -7.56%, smaller than the maximum FTQI drawdown of -19.42%. Use the drawdown chart below to compare losses from any high point for EDGX and FTQI.

Drawdown Indicators

	EDGX	FTQI	Difference
Max Drawdown Largest peak-to-trough decline	-7.56%	-19.42%	+11.86%
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	-0.73%	-0.85%	+0.12%
Average Drawdown Average peak-to-trough decline	-1.52%	-3.73%	+2.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.32%	—

Volatility

Volatility by Period

	EDGX	FTQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.92%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.25%	10.87%	+2.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.25%	14.82%	-1.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.25%	12.98%	+0.27%

Dividends

EDGX vs. FTQI - Dividend Comparison

EDGX's dividend yield for the trailing twelve months is around 3.50%, less than FTQI's 10.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EDGX Global X U.S. 500 Income Edge ETF	3.50%	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 EDGX and FTQI in my portfolio?

EDGX and FTQI have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

FTQI has the higher dividend yield at 10.92%, compared with 3.50% for EDGX.

What is the main difference between EDGX and FTQI?

EDGX is categorized as Derivative Income, while FTQI is Nasdaq-100. EDGX tracks Solactive GBS United States 500 Index, while FTQI tracks NASDAQ-100 Index. They also come from different issuers: Global X and First Trust.