QBUF vs. FTQI

Last updated Jul 18, 2026

QBUF (Innovator Nasdaq-100 10 Buffer ETF - Quarterly) and FTQI (First Trust Nasdaq BuyWrite Income ETF) are both Nasdaq-100 funds - QBUF tracks the Invesco QQQ Trust while FTQI tracks the NASDAQ-100 Index. Both are passively managed. Over the past year, QBUF returned 8.47% vs 25.43% for FTQI. Their correlation of 0.81 suggests significant overlap in exposure. QBUF charges 0.79%/yr vs 0.75%/yr for FTQI.

Performance

QBUF vs. FTQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Nasdaq-100 10 Buffer ETF - Quarterly (QBUF) 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, QBUF achieves a 3.00% return, which is significantly lower than FTQI's 12.35% return.

QBUF

• 1D: -0.60%
• 1M: -1.65%
• 6M: 2.44%
• YTD: 3.00%
• 1Y: 8.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTQI

• 1D: -0.36%
• 1M: 1.42%
• 6M: 11.44%
• YTD: 12.35%
• 1Y: 25.43%
• 3Y*: 16.33%
• 5Y*: 12.18%
• 10Y*: 7.99%

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

QBUF vs. FTQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QBUF Innovator Nasdaq-100 10 Buffer ETF - Quarterly	3.00%	11.08%	5.90%
FTQI First Trust Nasdaq BuyWrite Income ETF	12.35%	12.68%	8.17%

Correlation

The correlation between QBUF and FTQI is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jul 1, 2024	0.81

The correlation between QBUF and FTQI has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.

QBUF vs. FTQI - Sectors Allocation Comparison

Sectors	QBUF	FTQI
Technology	50.7%	49.4%
Communication Services	15.8%	11.8%
Consumer Cyclical	12.5%	10.5%
Consumer Defensive	8.7%	6.2%
Healthcare	5.1%	6.0%
Industrials	3.3%	4.1%
Utilities	1.6%	1.5%
Basic Materials	1.3%	1.4%
Energy	0.7%	2.3%
Financial Services	0.2%	5.5%
Real Estate	0.1%	1.3%

Return for Risk

QBUF vs. FTQI — Risk / Return Rank

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

QBUF

QBUF Risk / Return Rank: 69
QBUF Sharpe Ratio Rank: 58
QBUF Sortino Ratio Rank: 56
QBUF Omega Ratio Rank: 65
QBUF Calmar Ratio Rank: 86
QBUF Martin Ratio Rank: 82

FTQI

FTQI Risk / Return Rank: 90
FTQI Sharpe Ratio Rank: 89
FTQI Sortino Ratio Rank: 88
FTQI Omega Ratio Rank: 89
FTQI Calmar Ratio Rank: 88
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.

QBUF vs. FTQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Nasdaq-100 10 Buffer ETF - Quarterly (QBUF) 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.

	QBUF	FTQI	Difference
Sharpe ratio: Return per unit of total volatility	1.52	2.35	-0.83
Sortino ratio: Return per unit of downside risk	2.10	3.26	-1.16
Omega ratio: Gain probability vs. loss probability	1.30	1.44	-0.14
Calmar ratio: Return relative to maximum drawdown	3.68	4.09	-0.41
Martin ratio: Return relative to average drawdown	12.04	19.35	-7.32

QBUF vs. FTQI - Sharpe Ratio Comparison

The current QBUF Sharpe Ratio is 1.52, which is lower than the FTQI Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of QBUF 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.

Drawdowns

QBUF vs. FTQI - Drawdown Comparison

The maximum QBUF drawdown since its inception was -8.84%, smaller than the maximum FTQI drawdown of -19.42%. Use the drawdown chart below to compare losses from any high point for QBUF and FTQI.

Drawdown Indicators

	QBUF	FTQI	Difference
Max Drawdown Largest peak-to-trough decline	-8.84%	-19.42%	+10.58%
Max Drawdown (1Y) Largest decline over 1 year	-2.31%	-6.24%	+3.93%
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	-1.89%	-1.21%	-0.68%
Average Drawdown Average peak-to-trough decline	-0.80%	-3.73%	+2.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.70%	1.32%	-0.62%

Volatility

QBUF vs. FTQI - Volatility Comparison

The current volatility for Innovator Nasdaq-100 10 Buffer ETF - Quarterly (QBUF) is 2.13%, while First Trust Nasdaq BuyWrite Income ETF (FTQI) has a volatility of 2.95%. This indicates that QBUF experiences smaller price fluctuations and is considered to be less risky than FTQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QBUF	FTQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.13%	2.95%	-0.82%
Volatility (6M) Calculated over the trailing 6-month period	4.03%	8.82%	-4.79%
Volatility (1Y) Calculated over the trailing 1-year period	5.61%	10.88%	-5.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.35%	14.81%	-6.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.35%	12.96%	-4.61%

QBUF vs. FTQI - Expense Ratio Comparison

QBUF has a 0.79% expense ratio, which is higher than FTQI's 0.75% expense ratio.

Dividends

QBUF vs. FTQI - Dividend Comparison

QBUF 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%
QBUF Innovator Nasdaq-100 10 Buffer ETF - Quarterly	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 QBUF and FTQI in my portfolio?

QBUF and FTQI have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QBUF or FTQI?

FTQI has higher volatility (2.95%) compared to QBUF (2.13%). In terms of maximum drawdown, QBUF dropped -8.84% vs FTQI's -19.42%.

Which ETF is better, QBUF or FTQI?

On 1-year performance, FTQI leads with 25.43% vs 8.47% for QBUF. On fees, FTQI is cheaper at 0.75% per year. On volatility, QBUF has been the lower-risk option at 2.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QBUF or FTQI?

Over the 1-year period, FTQI has performed better with a 25.43% return vs 8.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QBUF or FTQI?

FTQI is cheaper with a 0.75% expense ratio, compared with 0.79% for QBUF.

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

FTQI has the higher dividend yield at 10.96%, compared with 0.00% for QBUF.

What is the main difference between QBUF and FTQI?

QBUF tracks Invesco QQQ Trust, while FTQI tracks NASDAQ-100 Index. They also come from different issuers: Innovator and First Trust. Their fees differ too: 0.79% for QBUF and 0.75% for FTQI.

Which has better risk-adjusted returns?

FTQI currently has the higher Sharpe Ratio (2.35 vs 1.52), 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.