FTQI vs. USOY
Compare and contrast key facts about First Trust Nasdaq BuyWrite Income ETF (FTQI) and Defiance Oil Enhanced Options Income ETF (USOY).
FTQI and USOY 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. USOY is an actively managed fund by Defiance. It was launched on May 9, 2024.
Performance
FTQI vs. USOY - Performance Comparison
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FTQI vs. USOY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FTQI First Trust Nasdaq BuyWrite Income ETF | -1.37% | 12.68% | 10.84% |
USOY Defiance Oil Enhanced Options Income ETF | 60.22% | -7.93% | 7.27% |
Returns By Period
In the year-to-date period, FTQI achieves a -1.37% return, which is significantly lower than USOY's 60.22% 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%
USOY
- 1D
- -0.54%
- 1M
- 34.04%
- YTD
- 60.22%
- 6M
- 55.39%
- 1Y
- 44.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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FTQI vs. USOY - Expense Ratio Comparison
FTQI has a 0.75% expense ratio, which is lower than USOY's 1.22% expense ratio.
Return for Risk
FTQI vs. USOY — Risk / Return Rank
FTQI
USOY
FTQI vs. USOY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq BuyWrite Income ETF (FTQI) and Defiance Oil Enhanced Options Income ETF (USOY). 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 | USOY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 1.75 | -0.64 |
Sortino ratioReturn per unit of downside risk | 1.70 | 2.20 | -0.50 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.32 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 2.91 | -1.25 |
Martin ratioReturn relative to average drawdown | 9.64 | 5.47 | +4.17 |
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 | USOY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 1.75 | -0.64 |
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 | 1.24 | -0.79 |
Correlation
The correlation between FTQI and USOY is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
FTQI vs. USOY - Dividend Comparison
FTQI's dividend yield for the trailing twelve months is around 11.97%, less than USOY's 64.71% 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% |
USOY Defiance Oil Enhanced Options Income ETF | 64.71% | 104.32% | 48.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FTQI vs. USOY - Drawdown Comparison
The maximum FTQI drawdown since its inception was -19.42%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for FTQI and USOY.
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Drawdown Indicators
| FTQI | USOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.42% | -17.46% | -1.96% |
Max Drawdown (1Y)Largest decline over 1 year | -11.75% | -15.70% | +3.95% |
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% | -0.54% | -2.84% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -6.56% | +2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 8.34% | -6.32% |
Volatility
FTQI vs. USOY - Volatility Comparison
The current volatility for First Trust Nasdaq BuyWrite Income ETF (FTQI) is 5.30%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 11.94%. This indicates that FTQI experiences smaller price fluctuations and is considered to be less risky than USOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTQI | USOY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.30% | 11.94% | -6.64% |
Volatility (6M)Calculated over the trailing 6-month period | 8.88% | 18.38% | -9.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.12% | 25.35% | -8.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.83% | 22.37% | -7.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.41% | 22.37% | -8.96% |