FTHI vs. SQY

Last updated Jun 24, 2026

FTHI (First Trust BuyWrite Income ETF) and SQY (YieldMax SQ Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. FTHI charges 0.85%/yr vs 1.01%/yr for SQY.

Performance

FTHI vs. SQY - Performance Comparison

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

Returns By Period

FTHI

• 1D: -0.71%
• 1M: -0.04%
• YTD: 4.88%
• 6M: 4.13%
• 1Y: 15.40%
• 3Y*: 14.28%
• 5Y*: 10.33%
• 10Y*: 8.66%

SQY

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

Return for Risk

FTHI vs. SQY — Risk / Return Rank

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

FTHI

FTHI Risk / Return Rank: 57
FTHI Sharpe Ratio Rank: 52
FTHI Sortino Ratio Rank: 53
FTHI Omega Ratio Rank: 54
FTHI Calmar Ratio Rank: 60
FTHI Martin Ratio Rank: 69

SQY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. SQY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust BuyWrite Income ETF (FTHI) and YieldMax SQ Option Income Strategy ETF (SQY). 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	SQY	Difference
Sharpe ratio: Return per unit of total volatility	1.71	—	—
Sortino ratio: Return per unit of downside risk	2.45	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	2.83	—	—
Martin ratio: Return relative to average drawdown	12.09	—	—

Drawdowns

Drawdown Indicators

	FTHI	SQY	Difference
Max Drawdown Largest peak-to-trough decline	-32.65%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-5.47%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.92%	—	—
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	-0.71%	—	—
Average Drawdown Average peak-to-trough decline	-3.67%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.28%	—	—

Volatility

Volatility by Period

	FTHI	SQY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.70%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.32%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.08%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.43%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.29%	—	—

FTHI vs. SQY - Expense Ratio Comparison

FTHI has a 0.85% expense ratio, which is lower than SQY's 1.01% expense ratio.

Dividends

FTHI vs. SQY - Dividend Comparison

FTHI's dividend yield for the trailing twelve months is around 8.72%, while SQY has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTHI First Trust BuyWrite Income ETF	8.72%	8.70%	8.61%	8.50%	9.06%	4.37%	4.76%	4.21%	4.76%	4.00%	4.41%	4.98%
SQY YieldMax SQ Option Income Strategy ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, FTHI or SQY?

On fees, FTHI is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FTHI or SQY?

FTHI is cheaper with a 0.85% expense ratio, compared with 1.01% for SQY.

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

FTHI has the higher dividend yield at 8.72%, compared with 0.00% for SQY.

What is the main difference between FTHI and SQY?

They also come from different issuers: First Trust and YieldMax. Their fees differ too: 0.85% for FTHI and 1.01% for SQY.