XBTY vs. FTQI

Last updated Jul 17, 2026

XBTY (GraniteShares YieldBOOST Bitcoin ETF) and FTQI (First Trust Nasdaq BuyWrite Income ETF) are both exchange-traded funds - XBTY is a Derivative Income fund actively managed by GraniteShares, while FTQI is a Nasdaq-100 fund tracking the NASDAQ-100 Index. XBTY is actively managed, while FTQI is passively managed. Over the past year, XBTY returned -45.71% vs 26.34% for FTQI. At a 0.46 correlation, their price movements are largely independent. XBTY charges 0.99%/yr vs 0.75%/yr for FTQI.

Performance

XBTY vs. FTQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST Bitcoin ETF (XBTY) 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, XBTY achieves a -22.21% return, which is significantly lower than FTQI's 12.76% return.

XBTY

• 1D: 0.27%
• 1M: -1.80%
• 6M: -24.77%
• YTD: -22.21%
• 1Y: -45.71%
• 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)

XBTY vs. FTQI - Yearly Performance Comparison

	2026 (YTD)	2025
XBTY GraniteShares YieldBOOST Bitcoin ETF	-22.21%	-21.19%
FTQI First Trust Nasdaq BuyWrite Income ETF	12.76%	18.27%

Correlation

The correlation between XBTY and FTQI is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since May 13, 2025	0.46

Return for Risk

XBTY vs. FTQI — Risk / Return Rank

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

XBTY

XBTY Risk / Return Rank: 1
XBTY Sharpe Ratio Rank: 0
XBTY Sortino Ratio Rank: 0
XBTY Omega Ratio Rank: 0
XBTY Calmar Ratio Rank: 1
XBTY Martin Ratio Rank: 2

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.

XBTY vs. FTQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST Bitcoin ETF (XBTY) 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.

	XBTY	FTQI	Difference
Sharpe ratio: Return per unit of total volatility	-1.70	2.43	-4.13
Sortino ratio: Return per unit of downside risk	-2.62	3.37	-5.98
Omega ratio: Gain probability vs. loss probability	0.69	1.45	-0.76
Calmar ratio: Return relative to maximum drawdown	-0.93	4.24	-5.17
Martin ratio: Return relative to average drawdown	-1.36	20.07	-21.44

XBTY vs. FTQI - Sharpe Ratio Comparison

The current XBTY Sharpe Ratio is -1.70, which is lower than the FTQI Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of XBTY 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

XBTY vs. FTQI - Drawdown Comparison

The maximum XBTY drawdown since its inception was -49.03%, which is greater than FTQI's maximum drawdown of -19.42%. Use the drawdown chart below to compare losses from any high point for XBTY and FTQI.

Drawdown Indicators

	XBTY	FTQI	Difference
Max Drawdown Largest peak-to-trough decline	-49.03%	-19.42%	-29.61%
Max Drawdown (1Y) Largest decline over 1 year	-49.03%	-6.24%	-42.79%
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	-47.30%	-0.85%	-46.45%
Average Drawdown Average peak-to-trough decline	-25.35%	-3.73%	-21.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.58%	1.32%	+32.26%

Volatility

XBTY vs. FTQI - Volatility Comparison

GraniteShares YieldBOOST Bitcoin ETF (XBTY) has a higher volatility of 4.25% compared to First Trust Nasdaq BuyWrite Income ETF (FTQI) at 2.92%. This indicates that XBTY'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

	XBTY	FTQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.25%	2.92%	+1.33%
Volatility (6M) Calculated over the trailing 6-month period	15.36%	8.83%	+6.53%
Volatility (1Y) Calculated over the trailing 1-year period	27.10%	10.87%	+16.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.86%	14.82%	+12.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.86%	12.98%	+13.88%

XBTY vs. FTQI - Expense Ratio Comparison

XBTY has a 0.99% expense ratio, which is higher than FTQI's 0.75% expense ratio.

Dividends

XBTY vs. FTQI - Dividend Comparison

XBTY's dividend yield for the trailing twelve months is around 210.38%, more 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%
XBTY GraniteShares YieldBOOST Bitcoin ETF	210.38%	102.53%	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 XBTY and FTQI in my portfolio?

XBTY and FTQI have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XBTY or FTQI?

XBTY has higher volatility (4.25%) compared to FTQI (2.92%). In terms of maximum drawdown, XBTY dropped -49.03% vs FTQI's -19.42%.

Which ETF is better, XBTY or FTQI?

On 1-year performance, FTQI leads with 26.34% vs -45.71% for XBTY. On fees, FTQI is cheaper at 0.75% per year. On volatility, FTQI has been the lower-risk option at 2.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XBTY or FTQI?

Over the 1-year period, FTQI has performed better with a 26.34% return vs -45.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XBTY or FTQI?

FTQI is cheaper with a 0.75% expense ratio, compared with 0.99% for XBTY.

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

XBTY has the higher dividend yield at 210.38%, compared with 10.92% for FTQI.

What is the main difference between XBTY and FTQI?

XBTY is categorized as Derivative Income, while FTQI is Nasdaq-100. They also come from different issuers: GraniteShares and First Trust. Their fees differ too: 0.99% for XBTY and 0.75% for FTQI.

Which has better risk-adjusted returns?

FTQI currently has the higher Sharpe Ratio (2.43 vs -1.70), 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.