XLBI vs. FTQI

Last updated Jul 24, 2026

XLBI (State Street Materials Select Sector SPDR Premium Income ETF) and FTQI (First Trust Nasdaq BuyWrite Income ETF) are both exchange-traded funds - XLBI is a Derivative Income fund actively managed by State Street, while FTQI is a Nasdaq-100 fund tracking the NASDAQ-100 Index. XLBI is actively managed, while FTQI is passively managed. At a 0.48 correlation, their price movements are largely independent. XLBI charges 0.35%/yr vs 0.75%/yr for FTQI.

Performance

XLBI vs. FTQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Materials Select Sector SPDR Premium Income ETF (XLBI) 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, XLBI achieves a 6.64% return, which is significantly lower than FTQI's 12.10% return.

XLBI

• 1D: -0.79%
• 1M: -0.53%
• 6M: 2.93%
• YTD: 6.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

FTQI

• 1D: -1.04%
• 1M: 1.25%
• 6M: 10.72%
• YTD: 12.10%
• 1Y: 24.75%
• 3Y*: 16.28%
• 5Y*: 12.00%
• 10Y*: 8.12%
• ALL TIME*: 7.02%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FTQI First Trust Nasdaq BuyWrite Income ETF	$9.56M	$7.73M	$5.92M
XLBI State Street Materials Select Sector SPDR Premium Income ETF	$113.99K	$122.71K	$145.29K

XLBI vs. FTQI - Yearly Performance Comparison

	2026 (YTD)	2025
XLBI State Street Materials Select Sector SPDR Premium Income ETF	6.64%	2.25%
FTQI First Trust Nasdaq BuyWrite Income ETF	12.10%	10.32%

Correlation

The correlation between XLBI and FTQI is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.48

XLBI vs. FTQI - Sectors Allocation Comparison

Sectors	XLBI	FTQI
Financial Services	100.7%	5.2%
Basic Materials	-	1.1%
Communication Services	-	8.5%
Consumer Cyclical	-	11.6%
Consumer Defensive	-	7.4%
Energy	-	2.2%
Healthcare	-	7.6%
Industrials	-	6.3%
Real Estate	-	1.1%
Technology	-	47.4%
Utilities	-	1.5%

Return for Risk

XLBI vs. FTQI — Risk / Return Rank

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

XLBI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FTQI

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

XLBI vs. FTQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Materials Select Sector SPDR Premium Income ETF (XLBI) 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.

	XLBI	FTQI	Difference
Sharpe ratio: Return per unit of total volatility	—	2.26	—
Sortino ratio: Return per unit of downside risk	—	3.15	—
Omega ratio: Gain probability vs. loss probability	—	1.42	—
Calmar ratio: Return relative to maximum drawdown	—	3.98	—
Martin ratio: Return relative to average drawdown	—	18.74	—

Drawdowns

XLBI vs. FTQI - Drawdown Comparison

The maximum XLBI drawdown since its inception was -10.62%, smaller than the maximum FTQI drawdown of -19.42%. Use the drawdown chart below to compare losses from any high point for XLBI and FTQI.

Drawdown Indicators

	XLBI	FTQI	Difference
Max Drawdown Largest peak-to-trough decline	-10.62%	-19.42%	+8.80%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.24%	—
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	-2.93%	-1.42%	-1.51%
Average Drawdown Average peak-to-trough decline	-2.12%	-3.72%	+1.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.32%	—

Volatility

Volatility by Period

	XLBI	FTQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.16%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.80%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.81%	11.00%	+2.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.81%	14.77%	-0.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.81%	12.94%	+0.87%

XLBI vs. FTQI - Expense Ratio Comparison

XLBI has a 0.35% expense ratio, which is lower than FTQI's 0.75% expense ratio.

Dividends

XLBI vs. FTQI - Dividend Comparison

XLBI's dividend yield for the trailing twelve months is around 15.00%, more than FTQI's 11.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTQI First Trust Nasdaq BuyWrite Income ETF	11.22%	11.46%	11.66%	11.49%	9.85%	3.05%	3.27%	2.95%	3.27%	2.74%	3.02%	3.54%
XLBI State Street Materials Select Sector SPDR Premium Income ETF	15.00%	7.71%	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 XLBI and FTQI in my portfolio?

XLBI and FTQI have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XLBI or FTQI?

On fees, XLBI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XLBI or FTQI?

XLBI is cheaper with a 0.35% expense ratio, compared with 0.75% for FTQI.

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

XLBI has the higher dividend yield at 15.00%, compared with 11.22% for FTQI.

What is the main difference between XLBI and FTQI?

XLBI is categorized as Derivative Income, while FTQI is Nasdaq-100. They also come from different issuers: State Street and First Trust. Their fees differ too: 0.35% for XLBI and 0.75% for FTQI.