NUKX vs. FTQI

Last updated Jul 17, 2026

NUKX (Nicholas Nuclear Income ETF) and FTQI (First Trust Nasdaq BuyWrite Income ETF) are both exchange-traded funds - NUKX is a Derivative Income fund actively managed by Nicholas Wealth, while FTQI is a Nasdaq-100 fund tracking the NASDAQ-100 Index. NUKX is actively managed, while FTQI is passively managed. A 0.71 correlation means they provide meaningful diversification when combined. NUKX charges 1.07%/yr vs 0.75%/yr for FTQI.

Performance

NUKX vs. FTQI - Performance Comparison

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

Returns By Period

NUKX

• 1D: -5.16%
• 1M: -14.50%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTQI

• 1D: -0.72%
• 1M: 1.28%
• 6M: 11.68%
• YTD: 12.76%
• 1Y: 26.34%
• 3Y*: 16.62%
• 5Y*: 12.26%
• 10Y*: 7.85%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NUKX vs. FTQI - Yearly Performance Comparison

	2026 (YTD)
NUKX Nicholas Nuclear Income ETF	-23.99%
FTQI First Trust Nasdaq BuyWrite Income ETF	12.39%

Correlation

The correlation between NUKX and FTQI is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 3, 2026	0.71

NUKX vs. FTQI - Sectors Allocation Comparison

Sectors	NUKX	FTQI
Utilities	38.2%	1.5%
Financial Services	16.9%	5.5%
Energy	16.2%	2.3%
Industrials	8.0%	4.1%
Consumer Cyclical	4.2%	10.5%
Consumer Defensive	4.1%	6.2%
Basic Materials	-	1.4%
Communication Services	-	11.8%
Healthcare	-	6.0%
Real Estate	-	1.3%
Technology	-	49.4%

Return for Risk

NUKX vs. FTQI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NUKX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FTQI

FTQI Risk / Return Rank: 91
FTQI Sharpe Ratio Rank: 90
FTQI Sortino Ratio Rank: 89
FTQI Omega Ratio Rank: 90
FTQI Calmar Ratio Rank: 89
FTQI Martin Ratio Rank: 94

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.

NUKX vs. FTQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nicholas Nuclear Income ETF (NUKX) and First Trust Nasdaq BuyWrite Income ETF (FTQI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	NUKX	FTQI	Difference
Sharpe ratio: Return per unit of total volatility	—	2.43	—
Sortino ratio: Return per unit of downside risk	—	3.37	—
Omega ratio: Gain probability vs. loss probability	—	1.45	—
Calmar ratio: Return relative to maximum drawdown	—	4.24	—
Martin ratio: Return relative to average drawdown	—	20.07	—

Drawdowns

NUKX vs. FTQI - Drawdown Comparison

The maximum NUKX drawdown since its inception was -30.09%, which is greater than FTQI's maximum drawdown of -19.42%. Use the drawdown chart below to compare losses from any high point for NUKX and FTQI.

Drawdown Indicators

	NUKX	FTQI	Difference
Max Drawdown Largest peak-to-trough decline	-30.09%	-19.42%	-10.67%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.24%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.42%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.42%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-19.42%	—
Current Drawdown Current decline from peak	-30.09%	-0.85%	-29.24%
Average Drawdown Average peak-to-trough decline	-11.49%	-3.73%	-7.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.32%	—

Volatility

Volatility by Period

	NUKX	FTQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.92%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	49.83%	10.87%	+38.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.83%	14.82%	+35.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.83%	12.98%	+36.85%

NUKX vs. FTQI - Expense Ratio Comparison

NUKX has a 1.07% expense ratio, which is higher than FTQI's 0.75% expense ratio.

Dividends

NUKX vs. FTQI - Dividend Comparison

NUKX's dividend yield for the trailing twelve months is around 6.45%, less than FTQI's 10.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTQI First Trust Nasdaq BuyWrite Income ETF	10.92%	11.46%	11.66%	11.49%	9.85%	3.05%	3.27%	2.95%	3.27%	2.74%	3.02%	3.54%
NUKX Nicholas Nuclear Income ETF	6.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NUKX and FTQI in my portfolio?

NUKX and FTQI have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NUKX or FTQI?

On fees, FTQI is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NUKX or FTQI?

FTQI is cheaper with a 0.75% expense ratio, compared with 1.07% for NUKX.

Which ETF pays a higher dividend yield, NUKX or FTQI?

FTQI has the higher dividend yield at 10.92%, compared with 6.45% for NUKX.

What is the main difference between NUKX and FTQI?

NUKX is categorized as Derivative Income, while FTQI is Nasdaq-100. They also come from different issuers: Nicholas Wealth and First Trust. Their fees differ too: 1.07% for NUKX and 0.75% for FTQI.