FTHI vs. BUCK

Last updated Jun 4, 2026

FTHI (First Trust BuyWrite Income ETF) and BUCK (Simplify Treasury Option Income ETF) are both exchange-traded funds - FTHI is a Derivative Income fund actively managed by First Trust, while BUCK is a Government Bonds fund actively managed by Simplify. Both are actively managed. Over the past 3 years, FTHI returned 14.50%/yr vs 5.27%/yr for BUCK. At a 0.09 correlation, their price movements are largely independent. FTHI charges 0.85%/yr vs 0.35%/yr for BUCK.

Performance

FTHI vs. BUCK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust BuyWrite Income ETF (FTHI) and Simplify Treasury Option Income ETF (BUCK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTHI achieves a 4.79% return, which is significantly higher than BUCK's 1.90% return.

FTHI

• 1D: -0.17%
• 1M: 1.75%
• YTD: 4.79%
• 6M: 5.22%
• 1Y: 16.43%
• 3Y*: 14.50%
• 5Y*: 10.17%
• 10Y*: 8.54%

BUCK

• 1D: 0.02%
• 1M: 0.38%
• YTD: 1.90%
• 6M: 2.09%
• 1Y: 7.95%
• 3Y*: 5.27%
• 5Y*: —
• 10Y*: —

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

FTHI vs. BUCK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FTHI First Trust BuyWrite Income ETF	4.79%	11.03%	19.02%	20.72%	0.52%
BUCK Simplify Treasury Option Income ETF	1.90%	4.13%	7.25%	4.63%	0.39%

Correlation

The correlation between FTHI and BUCK is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (All Time) Calculated using the full available price history since Oct 31, 2022	0.09

FTHI vs. BUCK - Sectors Allocation Comparison

Sectors	FTHI	BUCK
Financial Services	15.4%	100.0%
Industrials	13.9%	-
Technology	11.4%	-
Utilities	10.0%	-
Healthcare	8.5%	-
Consumer Cyclical	7.5%	-
Consumer Defensive	7.5%	-
Energy	7.0%	-
Real Estate	7.0%	-
Basic Materials	5.0%	-
Communication Services	5.0%	-

Return for Risk

FTHI vs. BUCK — Risk / Return Rank

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

FTHI

FTHI Risk / Return Rank: 59
FTHI Sharpe Ratio Rank: 54
FTHI Sortino Ratio Rank: 56
FTHI Omega Ratio Rank: 57
FTHI Calmar Ratio Rank: 60
FTHI Martin Ratio Rank: 70

BUCK

BUCK Risk / Return Rank: 87
BUCK Sharpe Ratio Rank: 77
BUCK Sortino Ratio Rank: 84
BUCK Omega Ratio Rank: 86
BUCK Calmar Ratio Rank: 92
BUCK Martin Ratio Rank: 95

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. BUCK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust BuyWrite Income ETF (FTHI) and Simplify Treasury Option Income ETF (BUCK). 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.

	FTHI	BUCK	Difference
Sharpe ratio: Return per unit of total volatility	1.87	2.54	-0.67
Sortino ratio: Return per unit of downside risk	2.71	3.83	-1.12
Omega ratio: Gain probability vs. loss probability	1.36	1.54	-0.19
Calmar ratio: Return relative to maximum drawdown	3.02	6.11	-3.09
Martin ratio: Return relative to average drawdown	13.19	32.31	-19.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTHI vs. BUCK - Sharpe Ratio Comparison

The current FTHI Sharpe Ratio is 1.87, which is comparable to the BUCK Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of FTHI and BUCK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FTHI	BUCK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.87	2.54	-0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	1.47	-0.94

Drawdowns

FTHI vs. BUCK - Drawdown Comparison

The maximum FTHI drawdown since its inception was -32.65%, which is greater than BUCK's maximum drawdown of -5.43%. Use the drawdown chart below to compare losses from any high point for FTHI and BUCK.

Drawdown Indicators

	FTHI	BUCK	Difference
Max Drawdown Largest peak-to-trough decline	-32.65%	-5.43%	-27.22%
Max Drawdown (1Y) Largest decline over 1 year	-5.47%	-1.31%	-4.16%
Max Drawdown (3Y) Largest decline over 3 years	-15.92%	-5.43%	-10.49%
Max Drawdown (5Y) Largest decline over 5 years	-16.70%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-32.65%	—	—
Current Drawdown Current decline from peak	-0.17%	-0.04%	-0.13%
Average Drawdown Average peak-to-trough decline	-3.68%	-0.49%	-3.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.25%	0.25%	+1.00%

Volatility

FTHI vs. BUCK - Volatility Comparison

First Trust BuyWrite Income ETF (FTHI) has a higher volatility of 1.67% compared to Simplify Treasury Option Income ETF (BUCK) at 0.70%. This indicates that FTHI's price experiences larger fluctuations and is considered to be riskier than BUCK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTHI	BUCK	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.67%	0.70%	+0.97%
Volatility (6M) Calculated over the trailing 6-month period	7.05%	1.53%	+5.52%
Volatility (1Y) Calculated over the trailing 1-year period	8.81%	3.14%	+5.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.44%	3.49%	+9.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.33%	3.49%	+10.84%

FTHI vs. BUCK - Expense Ratio Comparison

FTHI has a 0.85% expense ratio, which is higher than BUCK's 0.35% expense ratio.

Dividends

FTHI vs. BUCK - Dividend Comparison

FTHI's dividend yield for the trailing twelve months is around 8.73%, more than BUCK's 7.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BUCK Simplify Treasury Option Income ETF	7.42%	7.59%	8.84%	4.84%	0.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FTHI First Trust BuyWrite Income ETF	8.73%	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 BUCK in my portfolio?

FTHI and BUCK have a correlation of 0.12, 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 BUCK?

FTHI has higher volatility (1.67%) compared to BUCK (0.70%). In terms of maximum drawdown, FTHI dropped -32.65% vs BUCK's -5.43%.

Which ETF is better, FTHI or BUCK?

On 3-year performance, FTHI leads with 14.50% vs 5.27% for BUCK. On fees, BUCK is cheaper at 0.35% per year. On volatility, BUCK has been the lower-risk option at 0.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTHI or BUCK?

Over the 3-year period, FTHI has performed better with a 14.50% return vs 5.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTHI or BUCK?

BUCK is cheaper with a 0.35% expense ratio, compared with 0.85% for FTHI.

Which ETF pays a higher dividend yield, FTHI or BUCK?

FTHI has the higher dividend yield at 8.73%, compared with 7.42% for BUCK.

What is the main difference between FTHI and BUCK?

FTHI is categorized as Derivative Income, while BUCK is Government Bonds. They also come from different issuers: First Trust and Simplify. Their fees differ too: 0.85% for FTHI and 0.35% for BUCK.

Which has better risk-adjusted returns?

BUCK currently has the higher Sharpe Ratio (2.54 vs 1.87), 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.