FTQI vs. KHPI
Compare and contrast key facts about First Trust Nasdaq BuyWrite Income ETF (FTQI) and Kensington Hedged Premium Income ETF (KHPI).
FTQI and KHPI 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. KHPI is an actively managed fund by Kensington Asset Management. It was launched on Sep 4, 2024.
Performance
FTQI vs. KHPI - Performance Comparison
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FTQI vs. KHPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FTQI First Trust Nasdaq BuyWrite Income ETF | -1.37% | 12.68% | 8.64% |
KHPI Kensington Hedged Premium Income ETF | -3.49% | 11.14% | 4.29% |
Returns By Period
In the year-to-date period, FTQI achieves a -1.37% return, which is significantly higher than KHPI's -3.49% return.
FTQI
- 1D
- 3.05%
- 1M
- -1.40%
- YTD
- -1.37%
- 6M
- 2.69%
- 1Y
- 19.08%
- 3Y*
- 13.75%
- 5Y*
- 9.36%
- 10Y*
- 6.85%
KHPI
- 1D
- 1.47%
- 1M
- -4.68%
- YTD
- -3.49%
- 6M
- -0.79%
- 1Y
- 10.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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FTQI vs. KHPI - Expense Ratio Comparison
FTQI has a 0.75% expense ratio, which is lower than KHPI's 0.96% expense ratio.
Return for Risk
FTQI vs. KHPI — Risk / Return Rank
FTQI
KHPI
FTQI vs. KHPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq BuyWrite Income ETF (FTQI) and Kensington Hedged Premium Income ETF (KHPI). 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.
| FTQI | KHPI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 0.97 | +0.15 |
Sortino ratioReturn per unit of downside risk | 1.70 | 1.46 | +0.24 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.22 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.64 | +0.02 |
Martin ratioReturn relative to average drawdown | 9.64 | 7.34 | +2.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FTQI | KHPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 0.97 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.76 | -0.31 |
Correlation
The correlation between FTQI and KHPI is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FTQI vs. KHPI - Dividend Comparison
FTQI's dividend yield for the trailing twelve months is around 11.97%, more than KHPI's 9.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTQI First Trust Nasdaq BuyWrite Income ETF | 11.97% | 11.46% | 11.66% | 11.49% | 9.85% | 3.05% | 3.27% | 2.95% | 3.27% | 2.74% | 3.02% | 3.54% |
KHPI Kensington Hedged Premium Income ETF | 9.44% | 8.90% | 3.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FTQI vs. KHPI - Drawdown Comparison
The maximum FTQI drawdown since its inception was -19.42%, which is greater than KHPI's maximum drawdown of -10.58%. Use the drawdown chart below to compare losses from any high point for FTQI and KHPI.
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Drawdown Indicators
| FTQI | KHPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.42% | -10.58% | -8.84% |
Max Drawdown (1Y)Largest decline over 1 year | -11.75% | -6.55% | -5.20% |
Max Drawdown (5Y)Largest decline over 5 years | -19.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -19.42% | — | — |
Current DrawdownCurrent decline from peak | -3.38% | -5.18% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -1.27% | -2.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 1.46% | +0.56% |
Volatility
FTQI vs. KHPI - Volatility Comparison
First Trust Nasdaq BuyWrite Income ETF (FTQI) has a higher volatility of 5.30% compared to Kensington Hedged Premium Income ETF (KHPI) at 3.18%. This indicates that FTQI's price experiences larger fluctuations and is considered to be riskier than KHPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTQI | KHPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.30% | 3.18% | +2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 8.88% | 5.25% | +3.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.12% | 10.96% | +6.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.83% | 9.79% | +5.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.41% | 9.79% | +3.62% |