FTHI vs. AIT

Last updated Jun 23, 2026

FTHI (First Trust BuyWrite Income ETF) is Derivative Income fund actively managed by First Trust, while AIT (Applied Industrial Technologies, Inc.) is a stock. Over the past 10 years, FTHI returned 8.74%/yr vs 24.25%/yr for AIT. A 0.53 correlation means they provide meaningful diversification when combined.

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.

Returns By Period

In the year-to-date period, FTHI achieves a 5.63% return, which is significantly lower than AIT's 32.12% return. Over the past 10 years, FTHI has underperformed AIT with an annualized return of 8.74%, while AIT has yielded a comparatively higher 24.25% annualized return.

FTHI

• 1D: 0.25%
• 1M: 0.67%
• YTD: 5.63%
• 6M: 5.23%
• 1Y: 17.10%
• 3Y*: 14.55%
• 5Y*: 10.58%
• 10Y*: 8.74%

AIT

• 1D: 0.03%
• 1M: 10.08%
• YTD: 32.12%
• 6M: 28.75%
• 1Y: 49.85%
• 3Y*: 36.14%
• 5Y*: 32.22%
• 10Y*: 24.25%

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

FTHI vs. AIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTHI First Trust BuyWrite Income ETF	5.63%	11.03%	19.02%	20.72%	-4.37%	13.95%	-7.13%	18.16%	-9.72%	14.41%
AIT Applied Industrial Technologies, Inc.	32.12%	8.01%	39.67%	38.35%	24.25%	33.57%	19.37%	26.35%	-19.41%	16.89%

Correlation

The correlation between FTHI and AIT is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since Jan 7, 2014	0.53

The correlation between FTHI and AIT shifts across timeframes, from 0.44 (1 year) to 0.60 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FTHI vs. AIT — Risk / Return Rank

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

FTHI

FTHI Risk / Return Rank: 63
FTHI Sharpe Ratio Rank: 59
FTHI Sortino Ratio Rank: 59
FTHI Omega Ratio Rank: 60
FTHI Calmar Ratio Rank: 65
FTHI Martin Ratio Rank: 74

AIT

AIT Risk / Return Rank: 86
AIT Sharpe Ratio Rank: 87
AIT Sortino Ratio Rank: 83
AIT Omega Ratio Rank: 82
AIT Calmar Ratio Rank: 88
AIT Martin Ratio Rank: 87

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.

FTHI vs. AIT - Risk-Adjusted Trends 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.

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.

	FTHI	AIT	Difference
Sharpe ratio: Return per unit of total volatility	1.90	1.89	+0.01
Sortino ratio: Return per unit of downside risk	2.72	2.47	+0.24
Omega ratio: Gain probability vs. loss probability	1.36	1.32	+0.04
Calmar ratio: Return relative to maximum drawdown	3.14	3.90	-0.76
Martin ratio: Return relative to average drawdown	13.44	9.37	+4.07

FTHI vs. AIT - Sharpe Ratio Comparison

The current FTHI Sharpe Ratio is 1.90, which is comparable to the AIT Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of FTHI and AIT, 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

FTHI vs. AIT - Drawdown Comparison

The maximum FTHI drawdown since its inception was -32.65%, smaller than the maximum AIT drawdown of -66.47%. Use the drawdown chart below to compare losses from any high point for FTHI and AIT.

Drawdown Indicators

	FTHI	AIT	Difference
Max Drawdown Largest peak-to-trough decline	-32.65%	-66.47%	+33.82%
Max Drawdown (1Y) Largest decline over 1 year	-5.47%	-12.86%	+7.39%
Max Drawdown (3Y) Largest decline over 3 years	-15.92%	-26.42%	+10.50%
Max Drawdown (5Y) Largest decline over 5 years	-16.70%	-26.42%	+9.72%
Max Drawdown (10Y) Largest decline over 10 years	-32.65%	-59.29%	+26.64%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.67%	-18.03%	+14.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.28%	5.34%	-4.06%

Volatility

FTHI vs. AIT - Volatility Comparison

The current volatility for First Trust BuyWrite Income ETF (FTHI) is 2.60%, while Applied Industrial Technologies, Inc. (AIT) has a volatility of 6.88%. 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.

Volatility by Period

	FTHI	AIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.60%	6.88%	-4.28%
Volatility (6M) Calculated over the trailing 6-month period	7.31%	19.63%	-12.32%
Volatility (1Y) Calculated over the trailing 1-year period	9.07%	26.61%	-17.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.43%	30.42%	-16.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.31%	33.32%	-19.01%

Dividends

FTHI vs. AIT - Dividend Comparison

FTHI's dividend yield for the trailing twelve months is around 8.66%, more than AIT's 0.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIT Applied Industrial Technologies, Inc.	0.57%	0.72%	0.62%	0.81%	1.08%	1.29%	1.64%	1.86%	2.22%	1.70%	1.89%	2.67%
FTHI First Trust BuyWrite Income ETF	8.66%	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 FTHI and AIT in my portfolio?

FTHI and AIT have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTHI or AIT?

AIT has higher volatility (6.88%) compared to FTHI (2.60%). In terms of maximum drawdown, FTHI dropped -32.65% vs AIT's -66.47%.

Which has better risk-adjusted returns?

FTHI currently has the higher Sharpe Ratio (1.90 vs 1.89), 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.