Correlation
The correlation between ZHDG and FTHI is 0.87, 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.
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZHDG or FTHI.
Performance
ZHDG vs. FTHI - Performance Comparison
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Key characteristics
ZHDG:
1.02
FTHI:
0.55
ZHDG:
1.22
FTHI:
0.81
ZHDG:
1.16
FTHI:
1.13
ZHDG:
0.95
FTHI:
0.51
ZHDG:
2.81
FTHI:
2.09
ZHDG:
3.93%
FTHI:
3.86%
ZHDG:
13.14%
FTHI:
16.17%
ZHDG:
-23.27%
FTHI:
-32.65%
ZHDG:
-2.32%
FTHI:
-3.68%
Returns By Period
In the year-to-date period, ZHDG achieves a 0.99% return, which is significantly higher than FTHI's -1.00% return.
ZHDG
0.99%
4.80%
-1.71%
11.61%
6.53%
N/A
N/A
FTHI
-1.00%
3.59%
-2.63%
8.27%
9.83%
10.98%
6.81%
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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.
Risk-Adjusted Performance
ZHDG vs. FTHI — Risk-Adjusted Performance Rank
ZHDG
FTHI
ZHDG vs. FTHI - Risk-Adjusted Performance 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.
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Dividends
ZHDG vs. FTHI - Dividend Comparison
ZHDG's dividend yield for the trailing twelve months is around 2.57%, less than FTHI's 9.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZHDG ZEGA Buy and Hedge ETF | 2.57% | 2.59% | 1.52% | 3.58% | 1.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTHI First Trust BuyWrite Income ETF | 9.16% | 8.61% | 8.50% | 9.06% | 4.37% | 4.76% | 4.21% | 4.76% | 4.00% | 4.41% | 4.98% | 3.96% |
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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Volatility
ZHDG vs. FTHI - Volatility Comparison
ZEGA Buy and Hedge ETF (ZHDG) has a higher volatility of 3.98% compared to First Trust BuyWrite Income ETF (FTHI) at 2.40%. This indicates that ZHDG'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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