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FTQI vs. WTPI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FTQI vs. WTPI

Last updated Jun 5, 2026

FTQI (First Trust Nasdaq BuyWrite Income ETF) and WTPI (WisdomTree Equity Premium Income Fund) are both exchange-traded funds - FTQI is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while WTPI is a Derivative Income fund tracking the Volos U.S. Large Cap Target 2.5% PutWrite Index. Both are passively managed. Over the past 10 years, FTQI returned 8.00%/yr vs 8.31%/yr for WTPI. A 0.61 correlation means they provide meaningful diversification when combined. FTQI charges 0.75%/yr vs 0.44%/yr for WTPI.

Performance

FTQI vs. WTPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Nasdaq BuyWrite Income ETF (FTQI) and WisdomTree Equity Premium Income Fund (WTPI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FTQI achieves a 11.03% return, which is significantly higher than WTPI's 4.51% return. Both investments have delivered pretty close results over the past 10 years, with FTQI having a 8.00% annualized return and WTPI not far ahead at 8.31%.

FTQI

1D
0.23%
1M
4.05%
YTD
11.03%
6M
11.53%
1Y
28.07%
3Y*
17.30%
5Y*
10.97%
10Y*
8.00%

WTPI

1D
0.24%
1M
1.80%
YTD
4.51%
6M
4.94%
1Y
19.02%
3Y*
13.69%
5Y*
9.98%
10Y*
8.31%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FTQI vs. WTPI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FTQI
First Trust Nasdaq BuyWrite Income ETF		11.03%12.68%18.30%23.63%-8.77%10.46%-6.54%13.98%-9.78%12.47%
WTPI
WisdomTree Equity Premium Income Fund		4.51%14.45%17.18%15.53%-10.11%20.94%1.65%13.55%-7.16%10.09%

Correlation

The correlation between FTQI and WTPI is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.79

Correlation (3Y)
Calculated over the trailing 3-year period

0.82

Correlation (5Y)
Calculated over the trailing 5-year period

0.76

Correlation (10Y)
Calculated over the trailing 10-year period

0.62

Correlation (All Time)
Calculated using the full available price history since Feb 25, 2016

0.61

The correlation between FTQI and WTPI shifts across timeframes, from 0.61 (all time) to 0.82 (3 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust Nasdaq BuyWrite Income ETF

WisdomTree Equity Premium Income Fund

Often compared with FTQI:
FTQI vs. FTHIFTQI vs. JEPQFTQI vs. QYLDFTQI vs. QQQIFTQI vs. TUGNFTQI vs. SPYIFTQI vs. SPY
Often compared with WTPI:
WTPI vs. JEPIWTPI vs. SPYIWTPI vs. PUTWWTPI vs. SPYWTPI vs. QQQIWTPI vs. GPIQWTPI vs. DIVO

Return for Risk

FTQI vs. WTPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FTQI
FTQI Risk / Return Rank: 8686
Overall Rank
FTQI Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
FTQI Sortino Ratio Rank: 8585
Sortino Ratio Rank
FTQI Omega Ratio Rank: 8686
Omega Ratio Rank
FTQI Calmar Ratio Rank: 8484
Calmar Ratio Rank
FTQI Martin Ratio Rank: 9191
Martin Ratio Rank
WTPI
WTPI Risk / Return Rank: 6666
Overall Rank
WTPI Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
WTPI Sortino Ratio Rank: 6767
Sortino Ratio Rank
WTPI Omega Ratio Rank: 7474
Omega Ratio Rank
WTPI Calmar Ratio Rank: 5555
Calmar Ratio Rank
WTPI Martin Ratio Rank: 7070
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FTQI vs. WTPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq BuyWrite Income ETF (FTQI) and WisdomTree Equity Premium Income Fund (WTPI). 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.

FTQIWTPIDifference
Sharpe ratioReturn per unit of total volatility
2.73
2.16

+0.57

Sortino ratioReturn per unit of downside risk
3.76
3.01

+0.75

Omega ratioGain probability vs. loss probability

1.52

1.43

+0.09

Calmar ratioReturn relative to maximum drawdown

4.52

2.67

+1.85

Martin ratioReturn relative to average drawdown

21.94

12.81

+9.13

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTQI vs. WTPI - Sharpe Ratio Comparison

The current FTQI Sharpe Ratio is 2.73, which is comparable to the WTPI Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of FTQI and WTPI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FTQIWTPIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.73

2.16

+0.57

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.74

0.83

-0.08

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.60

0.63

-0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

0.65

-0.12

Drawdowns

FTQI vs. WTPI - Drawdown Comparison

The maximum FTQI drawdown since its inception was -19.42%, smaller than the maximum WTPI drawdown of -28.40%. Use the drawdown chart below to compare losses from any high point for FTQI and WTPI.

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Drawdown Indicators

FTQIWTPIDifference

Max Drawdown

Largest peak-to-trough decline

-19.42%

-28.40%

+8.98%

Max Drawdown (1Y)

Largest decline over 1 year

-6.24%

-7.15%

+0.91%

Max Drawdown (3Y)

Largest decline over 3 years

-19.42%

-15.26%

-4.16%

Max Drawdown (5Y)

Largest decline over 5 years

-19.42%

-16.56%

-2.86%

Max Drawdown (10Y)

Largest decline over 10 years

-19.42%

-28.40%

+8.98%

Current Drawdown

Current decline from peak

0.00%

-0.03%

+0.03%

Average Drawdown

Average peak-to-trough decline

-3.75%

-3.44%

-0.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.28%

1.49%

-0.21%

Volatility

FTQI vs. WTPI - Volatility Comparison

First Trust Nasdaq BuyWrite Income ETF (FTQI) has a higher volatility of 1.66% compared to WisdomTree Equity Premium Income Fund (WTPI) at 0.86%. This indicates that FTQI's price experiences larger fluctuations and is considered to be riskier than WTPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FTQIWTPIDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.66%

0.86%

+0.80%

Volatility (6M)

Calculated over the trailing 6-month period

8.24%

7.00%

+1.24%

Volatility (1Y)

Calculated over the trailing 1-year period

10.33%

8.86%

+1.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.81%

12.13%

+2.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.35%

13.22%

+0.13%

FTQI vs. WTPI - Expense Ratio Comparison

FTQI has a 0.75% expense ratio, which is higher than WTPI's 0.44% expense ratio.

Dividends

FTQI vs. WTPI - Dividend Comparison

FTQI's dividend yield for the trailing twelve months is around 10.94%, less than WTPI's 12.03% yield.

PositionTTM20252024202320222021202020192018201720162015
FTQI
First Trust Nasdaq BuyWrite Income ETF		10.94%11.46%11.66%11.49%9.85%3.05%3.27%2.95%3.27%2.74%3.02%3.54%
WTPI
WisdomTree Equity Premium Income Fund		12.03%13.18%11.99%8.94%3.27%0.00%1.43%1.47%6.46%3.52%2.27%0.00%

Frequently Asked Questions

FTQI and WTPI have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FTQI has higher volatility (1.66%) compared to WTPI (0.86%). In terms of maximum drawdown, FTQI dropped -19.42% vs WTPI's -28.40%.

On 10-year performance, WTPI leads with 8.31% vs 8.00% for FTQI. On fees, WTPI is cheaper at 0.44% per year. On volatility, WTPI has been the lower-risk option at 0.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, WTPI has performed better with a 8.31% return vs 8.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

WTPI is cheaper with a 0.44% expense ratio, compared with 0.75% for FTQI.

WTPI has the higher dividend yield at 12.03%, compared with 10.94% for FTQI.

FTQI is categorized as Nasdaq-100, while WTPI is Derivative Income. FTQI tracks NASDAQ-100 Index, while WTPI tracks Volos U.S. Large Cap Target 2.5% PutWrite Index. They also come from different issuers: First Trust and WisdomTree. Their fees differ too: 0.75% for FTQI and 0.44% for WTPI.

FTQI currently has the higher Sharpe Ratio (2.73 vs 2.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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