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RDVI vs. FTHI
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

RDVI vs. FTHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) and First Trust BuyWrite Income ETF (FTHI). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
11.72%
9.61%
RDVI
FTHI

Returns By Period

The year-to-date returns for both investments are quite close, with RDVI having a 18.85% return and FTHI slightly higher at 19.22%.


RDVI

YTD

18.85%

1M

1.89%

6M

10.84%

1Y

29.72%

5Y (annualized)

N/A

10Y (annualized)

N/A

FTHI

YTD

19.22%

1M

1.82%

6M

9.36%

1Y

22.90%

5Y (annualized)

8.24%

10Y (annualized)

7.76%

Key characteristics


RDVIFTHI
Sharpe Ratio2.052.82
Sortino Ratio3.023.81
Omega Ratio1.381.61
Calmar Ratio3.804.03
Martin Ratio12.7822.80
Ulcer Index2.34%1.03%
Daily Std Dev14.65%8.28%
Max Drawdown-12.56%-32.65%
Current Drawdown-2.78%-0.88%

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RDVI vs. FTHI - Expense Ratio Comparison

RDVI has a 0.75% expense ratio, which is lower than FTHI's 0.85% expense ratio.


FTHI
First Trust BuyWrite Income ETF
Expense ratio chart for FTHI: current value at 0.85% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.85%
Expense ratio chart for RDVI: current value at 0.75% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.75%

Correlation

-0.50.00.51.00.7

The correlation between RDVI and FTHI is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Risk-Adjusted Performance

RDVI vs. FTHI - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) and First Trust BuyWrite Income ETF (FTHI). 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.


Sharpe ratio
The chart of Sharpe ratio for RDVI, currently valued at 2.05, compared to the broader market0.002.004.006.002.052.82
The chart of Sortino ratio for RDVI, currently valued at 3.02, compared to the broader market-2.000.002.004.006.008.0010.0012.003.023.81
The chart of Omega ratio for RDVI, currently valued at 1.38, compared to the broader market0.501.001.502.002.503.001.381.61
The chart of Calmar ratio for RDVI, currently valued at 3.80, compared to the broader market0.005.0010.0015.0020.003.804.03
The chart of Martin ratio for RDVI, currently valued at 12.78, compared to the broader market0.0020.0040.0060.0080.00100.00120.0012.7822.80
RDVI
FTHI

The current RDVI Sharpe Ratio is 2.05, which is comparable to the FTHI Sharpe Ratio of 2.82. The chart below compares the historical Sharpe Ratios of RDVI and FTHI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.05
2.82
RDVI
FTHI

Dividends

RDVI vs. FTHI - Dividend Comparison

RDVI's dividend yield for the trailing twelve months is around 8.04%, less than FTHI's 8.30% yield.


TTM2023202220212020201920182017201620152014
RDVI
FT Cboe Vest Rising Dividend Achievers Target Income ETF
7.43%8.45%1.53%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FTHI
First Trust BuyWrite Income ETF
7.66%8.50%9.06%4.37%4.76%4.21%4.76%4.02%4.43%4.98%3.96%

Drawdowns

RDVI vs. FTHI - Drawdown Comparison

The maximum RDVI drawdown since its inception was -12.56%, smaller than the maximum FTHI drawdown of -32.65%. Use the drawdown chart below to compare losses from any high point for RDVI and FTHI. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-2.78%
-0.88%
RDVI
FTHI

Volatility

RDVI vs. FTHI - Volatility Comparison

FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) has a higher volatility of 6.87% compared to First Trust BuyWrite Income ETF (FTHI) at 3.15%. This indicates that RDVI's price experiences larger fluctuations and is considered to be riskier than FTHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%7.00%JuneJulyAugustSeptemberOctoberNovember
6.87%
3.15%
RDVI
FTHI