Correlation
The correlation between TYLG and FTHI is 0.92, 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.
TYLG vs. FTHI
Compare and contrast key facts about Global X Information Technology Covered Call & Growth ETF (TYLG) and First Trust BuyWrite Income ETF (FTHI).
TYLG and FTHI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TYLG is a passively managed fund by Global X that tracks the performance of the Cboe S&P Technology Select Sector Half BuyWrite Index - Benchmark TR Gross. It was launched on Nov 21, 2022. FTHI is an actively managed fund by First Trust. It was launched on Jan 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TYLG or FTHI.
Performance
TYLG vs. FTHI - Performance Comparison
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Key characteristics
TYLG:
0.25
FTHI:
0.53
TYLG:
0.54
FTHI:
0.80
TYLG:
1.08
FTHI:
1.13
TYLG:
0.28
FTHI:
0.50
TYLG:
0.93
FTHI:
2.08
TYLG:
7.09%
FTHI:
3.85%
TYLG:
26.89%
FTHI:
16.17%
TYLG:
-24.00%
FTHI:
-32.65%
TYLG:
-7.69%
FTHI:
-3.76%
Returns By Period
In the year-to-date period, TYLG achieves a -4.01% return, which is significantly lower than FTHI's -1.09% return.
TYLG
-4.01%
6.01%
-2.63%
6.70%
N/A
N/A
N/A
FTHI
-1.09%
3.78%
-2.52%
8.46%
9.55%
10.96%
6.82%
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TYLG vs. FTHI - Expense Ratio Comparison
TYLG has a 0.60% expense ratio, which is lower than FTHI's 0.85% expense ratio.
Risk-Adjusted Performance
TYLG vs. FTHI — Risk-Adjusted Performance Rank
TYLG
FTHI
TYLG vs. FTHI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Information Technology Covered Call & Growth ETF (TYLG) 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.
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Dividends
TYLG vs. FTHI - Dividend Comparison
TYLG's dividend yield for the trailing twelve months is around 8.42%, less than FTHI's 9.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TYLG Global X Information Technology Covered Call & Growth ETF | 8.42% | 7.24% | 11.90% | 0.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTHI First Trust BuyWrite Income ETF | 9.17% | 8.61% | 8.50% | 9.06% | 4.37% | 4.76% | 4.21% | 4.76% | 4.00% | 4.41% | 4.98% | 3.96% |
Drawdowns
TYLG vs. FTHI - Drawdown Comparison
The maximum TYLG drawdown since its inception was -24.00%, smaller than the maximum FTHI drawdown of -32.65%. Use the drawdown chart below to compare losses from any high point for TYLG and FTHI.
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Volatility
TYLG vs. FTHI - Volatility Comparison
Global X Information Technology Covered Call & Growth ETF (TYLG) has a higher volatility of 3.95% compared to First Trust BuyWrite Income ETF (FTHI) at 2.40%. This indicates that TYLG'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.
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