FTKI vs. AVGW

Last updated Jun 4, 2026

FTKI (First Trust Small Cap BuyWrite Income ETF) and AVGW (Roundhill AVGO WeeklyPay™ ETF) are both Derivative Income funds. Both are actively managed. At a 0.29 correlation, their price movements are largely independent. FTKI charges 0.85%/yr vs 0.99%/yr for AVGW.

Performance

FTKI vs. AVGW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Small Cap BuyWrite Income ETF (FTKI) and Roundhill AVGO WeeklyPay™ ETF (AVGW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTKI achieves a 9.41% return, which is significantly lower than AVGW's 43.84% return.

FTKI

• 1D: -0.19%
• 1M: 0.46%
• YTD: 9.41%
• 6M: 9.82%
• 1Y: 18.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVGW

• 1D: -1.38%
• 1M: 17.30%
• YTD: 43.84%
• 6M: 27.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FTKI vs. AVGW - Yearly Performance Comparison

	2026 (YTD)	2025
FTKI First Trust Small Cap BuyWrite Income ETF	9.41%	6.70%
AVGW Roundhill AVGO WeeklyPay™ ETF	43.84%	20.91%

Correlation

The correlation between FTKI and AVGW is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.29

FTKI vs. AVGW - Sectors Allocation Comparison

Sectors	FTKI	AVGW
Financial Services	21.8%	-
Technology	14.9%	33.2%
Industrials	12.8%	-
Consumer Cyclical	11.2%	-
Energy	9.6%	-
Healthcare	9.0%	-
Real Estate	7.4%	-
Basic Materials	4.3%	-
Communication Services	3.2%	-
Consumer Defensive	2.1%	-
Utilities	2.1%	-

Return for Risk

FTKI vs. AVGW — Risk / Return Rank

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

FTKI

FTKI Risk / Return Rank: 63
FTKI Sharpe Ratio Rank: 59
FTKI Sortino Ratio Rank: 61
FTKI Omega Ratio Rank: 61
FTKI Calmar Ratio Rank: 70
FTKI Martin Ratio Rank: 64

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.

FTKI vs. AVGW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Small Cap BuyWrite Income ETF (FTKI) and Roundhill AVGO WeeklyPay™ ETF (AVGW). 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.

	FTKI	AVGW	Difference
Sharpe ratio: Return per unit of total volatility	1.96	—	—
Sortino ratio: Return per unit of downside risk	2.81	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	3.41	—	—
Martin ratio: Return relative to average drawdown	11.54	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FTKI	AVGW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.96	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	1.69	-0.97

Drawdowns

FTKI vs. AVGW - Drawdown Comparison

The maximum FTKI drawdown since its inception was -15.17%, smaller than the maximum AVGW drawdown of -34.65%. Use the drawdown chart below to compare losses from any high point for FTKI and AVGW.

Drawdown Indicators

	FTKI	AVGW	Difference
Max Drawdown Largest peak-to-trough decline	-15.17%	-34.65%	+19.48%
Max Drawdown (1Y) Largest decline over 1 year	-5.56%	—	—
Current Drawdown Current decline from peak	-0.97%	-1.38%	+0.41%
Average Drawdown Average peak-to-trough decline	-2.59%	-12.19%	+9.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.64%	—	—

Volatility

Volatility by Period

	FTKI	AVGW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.54%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.44%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.69%	53.65%	-43.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.31%	53.65%	-38.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.31%	53.65%	-38.34%

FTKI vs. AVGW - Expense Ratio Comparison

FTKI has a 0.85% expense ratio, which is lower than AVGW's 0.99% expense ratio.

Dividends

FTKI vs. AVGW - Dividend Comparison

FTKI's dividend yield for the trailing twelve months is around 11.51%, less than AVGW's 44.45% yield.

Position	TTM	2025
AVGW Roundhill AVGO WeeklyPay™ ETF	44.45%	31.15%
FTKI First Trust Small Cap BuyWrite Income ETF	11.51%	8.99%

Frequently Asked Questions

Can I hold both FTKI and AVGW in my portfolio?

FTKI and AVGW have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FTKI or AVGW?

On fees, FTKI 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, FTKI or AVGW?

FTKI is cheaper with a 0.85% expense ratio, compared with 0.99% for AVGW.

Which ETF pays a higher dividend yield, FTKI or AVGW?

AVGW has the higher dividend yield at 44.45%, compared with 11.51% for FTKI.

What is the main difference between FTKI and AVGW?

They also come from different issuers: First Trust and Roundhill. Their fees differ too: 0.85% for FTKI and 0.99% for AVGW.