Correlation
The correlation between FTQI and FTHI is 0.63, 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.
FTQI vs. FTHI
Compare and contrast key facts about First Trust Nasdaq BuyWrite Income ETF (FTQI) and First Trust BuyWrite Income ETF (FTHI).
FTQI and FTHI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTQI is a passively managed fund by First Trust that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 6, 2014. FTHI is an actively managed fund by First Trust. It was launched on Jan 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTQI or FTHI.
Performance
FTQI vs. FTHI - Performance Comparison
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Key characteristics
FTQI:
0.37
FTHI:
0.55
FTQI:
0.57
FTHI:
0.81
FTQI:
1.09
FTHI:
1.13
FTQI:
0.30
FTHI:
0.51
FTQI:
1.10
FTHI:
2.09
FTQI:
5.37%
FTHI:
3.86%
FTQI:
19.05%
FTHI:
16.17%
FTQI:
-19.42%
FTHI:
-32.65%
FTQI:
-6.61%
FTHI:
-3.68%
Returns By Period
In the year-to-date period, FTQI achieves a -3.43% return, which is significantly lower than FTHI's -1.00% return. Over the past 10 years, FTQI has underperformed FTHI with an annualized return of 5.22%, while FTHI has yielded a comparatively higher 6.81% annualized return.
FTQI
-3.43%
3.42%
-4.16%
6.55%
8.65%
7.93%
5.22%
FTHI
-1.00%
3.59%
-2.63%
8.27%
9.83%
10.98%
6.81%
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FTQI vs. FTHI - Expense Ratio Comparison
FTQI has a 0.75% expense ratio, which is lower than FTHI's 0.85% expense ratio.
Risk-Adjusted Performance
FTQI vs. FTHI — Risk-Adjusted Performance Rank
FTQI
FTHI
FTQI vs. FTHI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq BuyWrite Income ETF (FTQI) and First Trust BuyWrite Income ETF (FTHI). 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.
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Dividends
FTQI vs. FTHI - Dividend Comparison
FTQI's dividend yield for the trailing twelve months is around 12.67%, more than FTHI's 9.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTQI First Trust Nasdaq BuyWrite Income ETF | 12.67% | 11.66% | 11.49% | 9.85% | 3.05% | 3.27% | 2.95% | 3.27% | 2.74% | 3.02% | 3.32% | 3.30% |
FTHI First Trust BuyWrite Income ETF | 9.16% | 8.61% | 8.50% | 9.06% | 4.37% | 4.76% | 4.21% | 4.76% | 4.00% | 4.41% | 4.98% | 3.96% |
Drawdowns
FTQI vs. FTHI - Drawdown Comparison
The maximum FTQI drawdown since its inception was -19.42%, smaller than the maximum FTHI drawdown of -32.65%. Use the drawdown chart below to compare losses from any high point for FTQI and FTHI.
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Volatility
FTQI vs. FTHI - Volatility Comparison
First Trust Nasdaq BuyWrite Income ETF (FTQI) and First Trust BuyWrite Income ETF (FTHI) have volatilities of 2.41% and 2.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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