ZHDG vs. FTHI
Compare and contrast key facts about ZEGA Buy and Hedge ETF (ZHDG) and First Trust BuyWrite Income ETF (FTHI).
ZHDG and FTHI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZHDG is an actively managed fund by ZEGA. It was launched on Jul 6, 2021. FTHI is an actively managed fund by First Trust. It was launched on Jan 6, 2014.
Performance
ZHDG vs. FTHI - Performance Comparison
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ZHDG vs. FTHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ZHDG ZEGA Buy and Hedge ETF | -6.67% | 14.34% | 18.02% | 13.14% | -22.07% | 6.41% |
FTHI First Trust BuyWrite Income ETF | -0.05% | 11.03% | 19.02% | 20.72% | -4.37% | 3.77% |
Returns By Period
In the year-to-date period, ZHDG achieves a -6.67% return, which is significantly lower than FTHI's -0.05% return.
ZHDG
- 1D
- 1.31%
- 1M
- -5.73%
- YTD
- -6.67%
- 6M
- -4.69%
- 1Y
- 11.89%
- 3Y*
- 10.96%
- 5Y*
- —
- 10Y*
- —
FTHI
- 1D
- 0.57%
- 1M
- -1.95%
- YTD
- -0.05%
- 6M
- 1.72%
- 1Y
- 15.03%
- 3Y*
- 14.37%
- 5Y*
- 10.30%
- 10Y*
- 8.05%
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ZHDG vs. FTHI - Expense Ratio Comparison
ZHDG has a 0.98% expense ratio, which is higher than FTHI's 0.85% expense ratio.
Return for Risk
ZHDG vs. FTHI — Risk / Return Rank
ZHDG
FTHI
ZHDG vs. FTHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ZEGA Buy and Hedge ETF (ZHDG) 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.
| ZHDG | FTHI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 1.01 | +0.01 |
Sortino ratioReturn per unit of downside risk | 1.49 | 1.53 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.25 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 1.42 | +0.03 |
Martin ratioReturn relative to average drawdown | 6.48 | 7.92 | -1.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZHDG | FTHI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 1.01 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.76 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.51 | -0.20 |
Correlation
The correlation between ZHDG and FTHI is 0.78, 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.
Dividends
ZHDG vs. FTHI - Dividend Comparison
ZHDG's dividend yield for the trailing twelve months is around 2.75%, less than FTHI's 8.94% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZHDG ZEGA Buy and Hedge ETF | 2.75% | 2.57% | 2.59% | 1.52% | 3.58% | 1.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTHI First Trust BuyWrite Income ETF | 8.94% | 8.70% | 8.61% | 8.50% | 9.06% | 4.37% | 4.76% | 4.21% | 4.76% | 4.00% | 4.41% | 4.98% |
Drawdowns
ZHDG vs. FTHI - Drawdown Comparison
The maximum ZHDG drawdown since its inception was -23.27%, smaller than the maximum FTHI drawdown of -32.65%. Use the drawdown chart below to compare losses from any high point for ZHDG and FTHI.
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Drawdown Indicators
| ZHDG | FTHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.27% | -32.65% | +9.38% |
Max Drawdown (1Y)Largest decline over 1 year | -8.56% | -10.92% | +2.36% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.65% | — |
Current DrawdownCurrent decline from peak | -7.37% | -2.81% | -4.56% |
Average DrawdownAverage peak-to-trough decline | -8.40% | -3.73% | -4.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 1.96% | -0.04% |
Volatility
ZHDG vs. FTHI - Volatility Comparison
ZEGA Buy and Hedge ETF (ZHDG) and First Trust BuyWrite Income ETF (FTHI) have volatilities of 4.44% and 4.34%, 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.
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Volatility by Period
| ZHDG | FTHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.44% | 4.34% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 8.02% | 7.62% | +0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.75% | 15.00% | -3.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.79% | 13.54% | -1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.79% | 14.37% | -2.58% |