FTQI vs. PHDG
Compare and contrast key facts about First Trust Nasdaq BuyWrite Income ETF (FTQI) and Invesco S&P 500® Downside Hedged ETF (PHDG).
FTQI and PHDG 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. PHDG is an actively managed fund by Invesco. It was launched on Dec 6, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTQI or PHDG.
Correlation
The correlation between FTQI and PHDG is 0.41, 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.
Performance
FTQI vs. PHDG - Performance Comparison
Key characteristics
FTQI:
1.89
PHDG:
1.31
FTQI:
2.49
PHDG:
1.98
FTQI:
1.38
PHDG:
1.26
FTQI:
2.31
PHDG:
1.43
FTQI:
11.13
PHDG:
6.13
FTQI:
1.76%
PHDG:
2.30%
FTQI:
10.40%
PHDG:
10.73%
FTQI:
-18.60%
PHDG:
-17.70%
FTQI:
-1.55%
PHDG:
-3.05%
Returns By Period
In the year-to-date period, FTQI achieves a 19.04% return, which is significantly higher than PHDG's 12.79% return. Over the past 10 years, FTQI has outperformed PHDG with an annualized return of 5.92%, while PHDG has yielded a comparatively lower 4.77% annualized return.
FTQI
19.04%
2.25%
9.51%
19.09%
6.77%
5.92%
PHDG
12.79%
0.04%
2.41%
13.52%
7.68%
4.77%
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FTQI vs. PHDG - Expense Ratio Comparison
FTQI has a 0.75% expense ratio, which is higher than PHDG's 0.40% expense ratio.
Risk-Adjusted Performance
FTQI vs. PHDG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq BuyWrite Income ETF (FTQI) and Invesco S&P 500® Downside Hedged ETF (PHDG). 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.
Dividends
FTQI vs. PHDG - Dividend Comparison
FTQI's dividend yield for the trailing twelve months is around 12.48%, more than PHDG's 1.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTQI First Trust Nasdaq BuyWrite Income ETF | 12.48% | 11.49% | 9.85% | 3.05% | 3.27% | 2.95% | 3.27% | 2.77% | 3.04% | 3.32% | 3.30% | 0.00% |
PHDG Invesco S&P 500® Downside Hedged ETF | 1.46% | 1.93% | 1.35% | 0.44% | 0.63% | 1.80% | 1.56% | 1.83% | 2.29% | 1.65% | 5.45% | 1.76% |
Drawdowns
FTQI vs. PHDG - Drawdown Comparison
The maximum FTQI drawdown since its inception was -18.60%, which is greater than PHDG's maximum drawdown of -17.70%. Use the drawdown chart below to compare losses from any high point for FTQI and PHDG. For additional features, visit the drawdowns tool.
Volatility
FTQI vs. PHDG - Volatility Comparison
The current volatility for First Trust Nasdaq BuyWrite Income ETF (FTQI) is 2.64%, while Invesco S&P 500® Downside Hedged ETF (PHDG) has a volatility of 3.70%. This indicates that FTQI experiences smaller price fluctuations and is considered to be less risky than PHDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.