FTQI vs. TCAL
Compare and contrast key facts about First Trust Nasdaq BuyWrite Income ETF (FTQI) and T. Rowe Price Capital Appreciation Premium Income ETF (TCAL).
FTQI and TCAL 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. TCAL is an actively managed fund by T. Rowe Price. It was launched on Mar 26, 2025.
Performance
FTQI vs. TCAL - Performance Comparison
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FTQI vs. TCAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FTQI First Trust Nasdaq BuyWrite Income ETF | -1.37% | 19.16% |
TCAL T. Rowe Price Capital Appreciation Premium Income ETF | -2.47% | 1.58% |
Returns By Period
In the year-to-date period, FTQI achieves a -1.37% return, which is significantly higher than TCAL's -2.47% 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%
TCAL
- 1D
- 0.99%
- 1M
- -5.52%
- YTD
- -2.47%
- 6M
- -2.85%
- 1Y
- -1.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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FTQI vs. TCAL - Expense Ratio Comparison
FTQI has a 0.75% expense ratio, which is higher than TCAL's 0.34% expense ratio.
Return for Risk
FTQI vs. TCAL — Risk / Return Rank
FTQI
TCAL
FTQI vs. TCAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq BuyWrite Income ETF (FTQI) and T. Rowe Price Capital Appreciation Premium Income ETF (TCAL). 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 | TCAL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | -0.12 | +1.24 |
Sortino ratioReturn per unit of downside risk | 1.70 | -0.09 | +1.78 |
Omega ratioGain probability vs. loss probability | 1.28 | 0.99 | +0.29 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | -0.07 | +1.72 |
Martin ratioReturn relative to average drawdown | 9.64 | -0.22 | +9.86 |
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 | TCAL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | -0.12 | +1.24 |
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 | -0.08 | +0.53 |
Correlation
The correlation between FTQI and TCAL is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FTQI vs. TCAL - Dividend Comparison
FTQI's dividend yield for the trailing twelve months is around 11.97%, more than TCAL's 11.74% 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% |
TCAL T. Rowe Price Capital Appreciation Premium Income ETF | 11.74% | 8.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FTQI vs. TCAL - Drawdown Comparison
The maximum FTQI drawdown since its inception was -19.42%, which is greater than TCAL's maximum drawdown of -7.24%. Use the drawdown chart below to compare losses from any high point for FTQI and TCAL.
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Drawdown Indicators
| FTQI | TCAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.42% | -7.24% | -12.18% |
Max Drawdown (1Y)Largest decline over 1 year | -11.75% | -7.24% | -4.51% |
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% | -5.52% | +2.14% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -1.59% | -2.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 2.13% | -0.11% |
Volatility
FTQI vs. TCAL - Volatility Comparison
First Trust Nasdaq BuyWrite Income ETF (FTQI) has a higher volatility of 5.30% compared to T. Rowe Price Capital Appreciation Premium Income ETF (TCAL) at 3.36%. This indicates that FTQI's price experiences larger fluctuations and is considered to be riskier than TCAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTQI | TCAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.30% | 3.36% | +1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 8.88% | 7.61% | +1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.12% | 11.70% | +5.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.83% | 11.68% | +3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.41% | 11.68% | +1.73% |