XV vs. FTQI

Last updated Jul 17, 2026

XV (Simplify Target 15 Distribution ETF) and FTQI (First Trust Nasdaq BuyWrite Income ETF) are both exchange-traded funds - XV is a Derivative Income fund actively managed by Simplify, while FTQI is a Nasdaq-100 fund tracking the NASDAQ-100 Index. XV is actively managed, while FTQI is passively managed. Over the past year, XV returned 11.46% vs 26.34% for FTQI. A 0.67 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

XV vs. FTQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Target 15 Distribution ETF (XV) 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, XV achieves a 5.14% return, which is significantly lower than FTQI's 12.76% return.

XV

• 1D: -0.52%
• 1M: 1.43%
• 6M: 3.87%
• YTD: 5.14%
• 1Y: 11.46%
• 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)

XV vs. FTQI - Yearly Performance Comparison

	2026 (YTD)	2025
XV Simplify Target 15 Distribution ETF	5.14%	16.13%
FTQI First Trust Nasdaq BuyWrite Income ETF	12.76%	24.10%

Correlation

The correlation between XV and FTQI is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (All Time) Calculated using the full available price history since Apr 15, 2025	0.67

The correlation between XV and FTQI has been stable across timeframes, ranging from 0.67 to 0.68 - a consistent structural relationship.

Return for Risk

XV vs. FTQI — Risk / Return Rank

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

XV

XV Risk / Return Rank: 48
XV Sharpe Ratio Rank: 45
XV Sortino Ratio Rank: 46
XV Omega Ratio Rank: 43
XV Calmar Ratio Rank: 49
XV Martin Ratio Rank: 57

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.

XV vs. FTQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Target 15 Distribution ETF (XV) 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.

	XV	FTQI	Difference
Sharpe ratio: Return per unit of total volatility	1.29	2.43	-1.14
Sortino ratio: Return per unit of downside risk	1.89	3.37	-1.48
Omega ratio: Gain probability vs. loss probability	1.23	1.45	-0.23
Calmar ratio: Return relative to maximum drawdown	2.01	4.24	-2.23
Martin ratio: Return relative to average drawdown	7.81	20.07	-12.26

XV vs. FTQI - Sharpe Ratio Comparison

The current XV Sharpe Ratio is 1.29, which is lower than the FTQI Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of XV 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

XV vs. FTQI - Drawdown Comparison

The maximum XV drawdown since its inception was -5.73%, smaller than the maximum FTQI drawdown of -19.42%. Use the drawdown chart below to compare losses from any high point for XV and FTQI.

Drawdown Indicators

	XV	FTQI	Difference
Max Drawdown Largest peak-to-trough decline	-5.73%	-19.42%	+13.69%
Max Drawdown (1Y) Largest decline over 1 year	-5.73%	-6.24%	+0.51%
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	-0.52%	-0.85%	+0.33%
Average Drawdown Average peak-to-trough decline	-0.95%	-3.73%	+2.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.47%	1.32%	+0.15%

Volatility

XV vs. FTQI - Volatility Comparison

Simplify Target 15 Distribution ETF (XV) and First Trust Nasdaq BuyWrite Income ETF (FTQI) have volatilities of 3.01% and 2.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XV	FTQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	2.92%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	6.70%	8.83%	-2.13%
Volatility (1Y) Calculated over the trailing 1-year period	8.92%	10.87%	-1.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.85%	14.82%	-3.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.85%	12.98%	-2.13%

XV vs. FTQI - Expense Ratio Comparison

Both XV and FTQI have an expense ratio of 0.75%.

Dividends

XV vs. FTQI - Dividend Comparison

XV's dividend yield for the trailing twelve months is around 18.97%, 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%
XV Simplify Target 15 Distribution ETF	18.97%	13.87%	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 XV and FTQI in my portfolio?

XV and FTQI have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XV or FTQI?

XV has higher volatility (3.01%) compared to FTQI (2.92%). In terms of maximum drawdown, XV dropped -5.73% vs FTQI's -19.42%.

Which ETF is better, XV or FTQI?

On 1-year performance, FTQI leads with 26.34% vs 11.46% for XV. Both ETFs have the same 0.75% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XV or FTQI?

Over the 1-year period, FTQI has performed better with a 26.34% return vs 11.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XV or FTQI?

XV and FTQI have the same expense ratio: 0.75% per year.

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

XV has the higher dividend yield at 18.97%, compared with 10.92% for FTQI.

What is the main difference between XV and FTQI?

XV is categorized as Derivative Income, while FTQI is Nasdaq-100. They also come from different issuers: Simplify and First Trust.

Which has better risk-adjusted returns?

FTQI currently has the higher Sharpe Ratio (2.43 vs 1.29), 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.