PARR vs. FTQI

Last updated Jun 4, 2026

PARR (Par Pacific Holdings, Inc.) is a stock, while FTQI (First Trust Nasdaq BuyWrite Income ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, PARR returned 14.04%/yr vs 8.07%/yr for FTQI. At a 0.25 correlation, their price movements are largely independent.

Performance

PARR vs. FTQI - Performance Comparison

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

Returns By Period

In the year-to-date period, PARR achieves a 62.75% return, which is significantly higher than FTQI's 10.78% return. Over the past 10 years, PARR has outperformed FTQI with an annualized return of 14.04%, while FTQI has yielded a comparatively lower 8.07% annualized return.

PARR

• 1D: -0.02%
• 1M: -15.10%
• YTD: 62.75%
• 6M: 28.03%
• 1Y: 161.74%
• 3Y*: 36.80%
• 5Y*: 30.90%
• 10Y*: 14.04%

FTQI

• 1D: 0.09%
• 1M: 4.10%
• YTD: 10.78%
• 6M: 11.65%
• 1Y: 28.18%
• 3Y*: 17.12%
• 5Y*: 10.92%
• 10Y*: 8.07%

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

PARR vs. FTQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PARR Par Pacific Holdings, Inc.	62.75%	114.40%	-54.94%	56.43%	40.99%	17.95%	-39.85%	63.89%	-26.45%	32.60%
FTQI First Trust Nasdaq BuyWrite Income ETF	10.78%	12.68%	18.30%	23.63%	-8.77%	10.46%	-6.54%	13.98%	-9.78%	12.47%

Correlation

The correlation between PARR and FTQI is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.28
Correlation (All Time) Calculated using the full available price history since Jan 8, 2014	0.25

The correlation between PARR and FTQI shifts across timeframes, from -0.10 (1 year) to 0.28 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

PARR vs. FTQI — Risk / Return Rank

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

PARR

PARR Risk / Return Rank: 91
PARR Sharpe Ratio Rank: 94
PARR Sortino Ratio Rank: 89
PARR Omega Ratio Rank: 87
PARR Calmar Ratio Rank: 94
PARR Martin Ratio Rank: 92

FTQI

FTQI Risk / Return Rank: 85
FTQI Sharpe Ratio Rank: 83
FTQI Sortino Ratio Rank: 83
FTQI Omega Ratio Rank: 85
FTQI Calmar Ratio Rank: 84
FTQI Martin Ratio Rank: 91

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.

PARR vs. FTQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Par Pacific Holdings, Inc. (PARR) 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.

	PARR	FTQI	Difference
Sharpe ratio: Return per unit of total volatility	2.92	2.74	+0.18
Sortino ratio: Return per unit of downside risk	3.14	3.77	-0.63
Omega ratio: Gain probability vs. loss probability	1.39	1.52	-0.13
Calmar ratio: Return relative to maximum drawdown	6.21	4.54	+1.67
Martin ratio: Return relative to average drawdown	14.37	22.02	-7.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PARR vs. FTQI - Sharpe Ratio Comparison

The current PARR Sharpe Ratio is 2.92, which is comparable to the FTQI Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of PARR and FTQI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PARR	FTQI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.92	2.74	+0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.74	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	0.61	-0.34
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.52	+0.02

Drawdowns

PARR vs. FTQI - Drawdown Comparison

The maximum PARR drawdown since its inception was -78.51%, which is greater than FTQI's maximum drawdown of -19.42%. Use the drawdown chart below to compare losses from any high point for PARR and FTQI.

Drawdown Indicators

	PARR	FTQI	Difference
Max Drawdown Largest peak-to-trough decline	-78.51%	-19.42%	-59.09%
Max Drawdown (1Y) Largest decline over 1 year	-26.21%	-6.24%	-19.97%
Max Drawdown (3Y) Largest decline over 3 years	-69.71%	-19.42%	-50.29%
Max Drawdown (5Y) Largest decline over 5 years	-69.71%	-19.42%	-50.29%
Max Drawdown (10Y) Largest decline over 10 years	-76.37%	-19.42%	-56.95%
Current Drawdown Current decline from peak	-17.36%	0.00%	-17.36%
Average Drawdown Average peak-to-trough decline	-31.00%	-3.76%	-27.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.31%	1.28%	+10.03%

Volatility

PARR vs. FTQI - Volatility Comparison

Par Pacific Holdings, Inc. (PARR) has a higher volatility of 15.32% compared to First Trust Nasdaq BuyWrite Income ETF (FTQI) at 1.66%. This indicates that PARR's price experiences larger fluctuations and is considered to be riskier than FTQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PARR	FTQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.32%	1.66%	+13.66%
Volatility (6M) Calculated over the trailing 6-month period	38.47%	8.24%	+30.23%
Volatility (1Y) Calculated over the trailing 1-year period	55.71%	10.33%	+45.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.73%	14.81%	+35.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.18%	13.36%	+38.82%

Dividends

PARR vs. FTQI - Dividend Comparison

PARR has not paid dividends to shareholders, while FTQI's dividend yield for the trailing twelve months is around 10.96%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTQI First Trust Nasdaq BuyWrite Income ETF	10.96%	11.46%	11.66%	11.49%	9.85%	3.05%	3.27%	2.95%	3.27%	2.74%	3.02%	3.54%
PARR Par Pacific Holdings, Inc.	0.00%	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 PARR and FTQI in my portfolio?

PARR and FTQI have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PARR or FTQI?

PARR has higher volatility (15.32%) compared to FTQI (1.66%). In terms of maximum drawdown, PARR dropped -78.51% vs FTQI's -19.42%.

Which has better risk-adjusted returns?

PARR currently has the higher Sharpe Ratio (2.92 vs 2.74), 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.