EIPI vs. FTQI

Last updated Jul 17, 2026

EIPI (FT Energy Income Partners Enhanced Income ETF) and FTQI (First Trust Nasdaq BuyWrite Income ETF) are both exchange-traded funds - EIPI is a Derivative Income fund actively managed by First Trust, while FTQI is a Nasdaq-100 fund tracking the NASDAQ-100 Index. EIPI is actively managed, while FTQI is passively managed. Over the past year, EIPI returned 22.68% vs 26.34% for FTQI. At a 0.23 correlation, their price movements are largely independent. EIPI charges 1.11%/yr vs 0.75%/yr for FTQI.

Performance

EIPI vs. FTQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Energy Income Partners Enhanced Income ETF (EIPI) 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, EIPI achieves a 16.51% return, which is significantly higher than FTQI's 12.76% return.

EIPI

• 1D: 0.63%
• 1M: 2.87%
• 6M: 13.65%
• YTD: 16.51%
• 1Y: 22.68%
• 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)

EIPI vs. FTQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EIPI FT Energy Income Partners Enhanced Income ETF	16.51%	12.38%	13.14%
FTQI First Trust Nasdaq BuyWrite Income ETF	12.76%	12.68%	12.16%

Correlation

The correlation between EIPI and FTQI is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.01
Correlation (All Time) Calculated using the full available price history since May 6, 2024	0.23

Over the past year, the correlation between EIPI and FTQI has dropped to 0.01 - well below their long-term average of 0.23, suggesting their price drivers have been diverging.

EIPI vs. FTQI - Sectors Allocation Comparison

Sectors	EIPI	FTQI
Energy	63.2%	2.3%
Utilities	31.3%	1.5%
Industrials	4.9%	4.1%
Basic Materials	0.7%	1.4%
Communication Services	-	11.8%
Consumer Cyclical	-	10.5%
Consumer Defensive	-	6.2%
Financial Services	-	5.5%
Healthcare	-	6.0%
Real Estate	-	1.3%
Technology	-	49.4%

Return for Risk

EIPI vs. FTQI — Risk / Return Rank

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

EIPI

EIPI Risk / Return Rank: 87
EIPI Sharpe Ratio Rank: 87
EIPI Sortino Ratio Rank: 90
EIPI Omega Ratio Rank: 81
EIPI Calmar Ratio Rank: 92
EIPI 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.

EIPI vs. FTQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Energy Income Partners Enhanced Income ETF (EIPI) 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.

	EIPI	FTQI	Difference
Sharpe ratio: Return per unit of total volatility	2.27	2.43	-0.17
Sortino ratio: Return per unit of downside risk	3.38	3.37	+0.02
Omega ratio: Gain probability vs. loss probability	1.38	1.45	-0.07
Calmar ratio: Return relative to maximum drawdown	4.77	4.24	+0.53
Martin ratio: Return relative to average drawdown	13.94	20.07	-6.14

EIPI vs. FTQI - Sharpe Ratio Comparison

The current EIPI Sharpe Ratio is 2.27, which is comparable to the FTQI Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of EIPI 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

EIPI vs. FTQI - Drawdown Comparison

The maximum EIPI drawdown since its inception was -12.33%, smaller than the maximum FTQI drawdown of -19.42%. Use the drawdown chart below to compare losses from any high point for EIPI and FTQI.

Drawdown Indicators

	EIPI	FTQI	Difference
Max Drawdown Largest peak-to-trough decline	-12.33%	-19.42%	+7.09%
Max Drawdown (1Y) Largest decline over 1 year	-4.77%	-6.24%	+1.47%
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	-0.95%	-0.85%	-0.10%
Average Drawdown Average peak-to-trough decline	-1.72%	-3.73%	+2.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	1.32%	+0.31%

Volatility

EIPI vs. FTQI - Volatility Comparison

FT Energy Income Partners Enhanced Income ETF (EIPI) has a higher volatility of 4.03% compared to First Trust Nasdaq BuyWrite Income ETF (FTQI) at 2.92%. This indicates that EIPI'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

	EIPI	FTQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.03%	2.92%	+1.11%
Volatility (6M) Calculated over the trailing 6-month period	7.81%	8.83%	-1.02%
Volatility (1Y) Calculated over the trailing 1-year period	10.06%	10.87%	-0.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.06%	14.82%	-1.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.06%	12.98%	+0.08%

EIPI vs. FTQI - Expense Ratio Comparison

EIPI has a 1.11% expense ratio, which is higher than FTQI's 0.75% expense ratio.

Dividends

EIPI vs. FTQI - Dividend Comparison

EIPI's dividend yield for the trailing twelve months is around 6.71%, less than FTQI's 10.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EIPI FT Energy Income Partners Enhanced Income ETF	6.71%	9.71%	6.31%	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 EIPI and FTQI in my portfolio?

EIPI and FTQI have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EIPI or FTQI?

EIPI has higher volatility (4.03%) compared to FTQI (2.92%). In terms of maximum drawdown, EIPI dropped -12.33% vs FTQI's -19.42%.

Which ETF is better, EIPI or FTQI?

On 1-year performance, FTQI leads with 26.34% vs 22.68% for EIPI. On fees, FTQI is cheaper at 0.75% 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, EIPI or FTQI?

Over the 1-year period, FTQI has performed better with a 26.34% return vs 22.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EIPI or FTQI?

FTQI is cheaper with a 0.75% expense ratio, compared with 1.11% for EIPI.

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

FTQI has the higher dividend yield at 10.92%, compared with 6.71% for EIPI.

What is the main difference between EIPI and FTQI?

EIPI is categorized as Derivative Income, while FTQI is Nasdaq-100. Their fees differ too: 1.11% for EIPI and 0.75% for FTQI.

Which has better risk-adjusted returns?

FTQI currently has the higher Sharpe Ratio (2.43 vs 2.27), 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.