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FTHI vs. AIT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FTHI vs. AIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust BuyWrite Income ETF (FTHI) and Applied Industrial Technologies, Inc. (AIT). The values are adjusted to include any dividend payments, if applicable.

-10.00%0.00%10.00%20.00%30.00%40.00%JuneJulyAugustSeptemberOctoberNovember
9.61%
34.19%
FTHI
AIT

Returns By Period

In the year-to-date period, FTHI achieves a 19.22% return, which is significantly lower than AIT's 55.30% return. Over the past 10 years, FTHI has underperformed AIT with an annualized return of 7.76%, while AIT has yielded a comparatively higher 20.85% annualized return.


FTHI

YTD

19.22%

1M

1.82%

6M

9.36%

1Y

22.90%

5Y (annualized)

8.24%

10Y (annualized)

7.76%

AIT

YTD

55.30%

1M

14.89%

6M

32.85%

1Y

64.85%

5Y (annualized)

35.46%

10Y (annualized)

20.85%

Key characteristics


FTHIAIT
Sharpe Ratio2.822.30
Sortino Ratio3.813.28
Omega Ratio1.611.41
Calmar Ratio4.035.49
Martin Ratio22.8014.03
Ulcer Index1.03%4.59%
Daily Std Dev8.28%27.99%
Max Drawdown-32.65%-66.46%
Current Drawdown-0.88%-3.11%

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Correlation

-0.50.00.51.00.5

The correlation between FTHI and AIT is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Risk-Adjusted Performance

FTHI vs. AIT - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust BuyWrite Income ETF (FTHI) and Applied Industrial Technologies, Inc. (AIT). 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.


Sharpe ratio
The chart of Sharpe ratio for FTHI, currently valued at 2.82, compared to the broader market0.002.004.006.002.822.30
The chart of Sortino ratio for FTHI, currently valued at 3.81, compared to the broader market-2.000.002.004.006.008.0010.0012.003.813.28
The chart of Omega ratio for FTHI, currently valued at 1.61, compared to the broader market0.501.001.502.002.503.001.611.41
The chart of Calmar ratio for FTHI, currently valued at 4.03, compared to the broader market0.005.0010.0015.0020.004.035.49
The chart of Martin ratio for FTHI, currently valued at 22.80, compared to the broader market0.0020.0040.0060.0080.00100.00120.0022.8014.03
FTHI
AIT

The current FTHI Sharpe Ratio is 2.82, which is comparable to the AIT Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of FTHI and AIT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.82
2.30
FTHI
AIT

Dividends

FTHI vs. AIT - Dividend Comparison

FTHI's dividend yield for the trailing twelve months is around 8.30%, more than AIT's 0.56% yield.


TTM20232022202120202019201820172016201520142013
FTHI
First Trust BuyWrite Income ETF
7.66%8.50%9.06%4.37%4.76%4.21%4.76%4.02%4.43%4.98%3.96%0.00%
AIT
Applied Industrial Technologies, Inc.
0.56%0.81%1.08%1.29%1.64%1.86%2.22%1.70%1.89%2.67%2.19%1.87%

Drawdowns

FTHI vs. AIT - Drawdown Comparison

The maximum FTHI drawdown since its inception was -32.65%, smaller than the maximum AIT drawdown of -66.46%. Use the drawdown chart below to compare losses from any high point for FTHI and AIT. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.88%
-3.11%
FTHI
AIT

Volatility

FTHI vs. AIT - Volatility Comparison

The current volatility for First Trust BuyWrite Income ETF (FTHI) is 3.15%, while Applied Industrial Technologies, Inc. (AIT) has a volatility of 14.24%. This indicates that FTHI experiences smaller price fluctuations and is considered to be less risky than AIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
3.15%
14.24%
FTHI
AIT