First Trust BuyWrite Income ETF
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- Description
- Performance
- Comps
- Fundamentals
- Valuation
- Rating
The First Trust High Income ETF is an actively managed portfolio of US large-cap stocks, with an overlay of short calls on the S&P 500. |
Category | US Equities |
Fund Sponsor | First Trust |
Website | www.ftportfolios.com |
Inception date | Jan 06, 2014 |
Assets (mns) | $555 |
Currency | USD |
Expense ratio | 75 bp |
Distributions | Monthly |
Regulation | Open-End Investment Company |
Custodian | |
Weighting | Proprietary |
Index replication | |
Uses derivatives | Yes |
Options available | Yes |
No. of constituents | 172 |
Wgt avg mkt cap (mns) | $759,919 |
Large cap (>$10bn) | 77.6% |
Mid cap ($2-10bn) | 19.8% |
Small cap (<$2bn) | 2.0% |
Developed mkts | 99.7% |
Emerging mkts | 0.4% |
MICROSOFT CORP | 7.0 % |
US DOLLAR | 4.5 % |
APPLE INC | 4.2 % |
NVIDIA CORP | 4.0 % |
AMAZON.COM INC | 3.5 % |
META PLATFORMS INC | 2.4 % |
ALPHABET INC. CLASS A | 2.1 % |
FIAT CHRYSLER AUTOMOBILES N.V. | 1.9 % |
ALPHABET INC. CLASS C | 1.8 % |
BERKSHIRE HATHAWAY INC-CL B | 1.7 % | Total | 33.2 % |
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UNITED STATES | 86.4 % | |
BRITAIN | 4.7 % | |
MONACO | 0.6 % | |
SWITZERLAND | 0.5 % | |
IRELAND | 0.5 % | |
CANADA | 0.4 % | |
DENMARK | 0.4 % | |
MEXICO | 0.3 % | |
ITALY | 0.3 % | |
GREECE | 0.3 % |
HISTORICAL PERFORMANCE
Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
7.5% | 23.6% | 7.7% | 6.3% | 6.7% |
versus... | Beta | R-squared |
S&P500 | 0.63 | 80% |
MSCI EAFE | 0.61 | 71% |
MSCI Emg. Mkts. | 0.44 | 39% |
Recent close | $21.89 |
30d moving avg. | $20.95 |
Annualized volatility | 12.4% |
Short interest (ETF) | 0.3% |
Short interest (Underlying) | 3.3% |
Relative strength (RSI) | 72 |
Avg. volume (thou.) | 202 |
Turnover | 0.8% |
Bid/Ask (% of price) | 0.17% |
ADV underlying (mns) | $155,460 |
FINDING ALTERNATIVE FUNDS
Below is a list of 37 potential alternatives to the First Trust BuyWrite Income ETF ETF based on the alternatives' overlap in portfolio holdings with FTHI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | FTHI | Expense: | 75 bp | ALTAR Score™: | 5.5% |
Ticker | Fund Name |
Overlap1 vs FTHI (%) |
Expense ratio (bp) |
Savings vs FTHI (bp) |
ALTAR Score™ (%) |
ALTAR vs FTHI (%) |
XYLD | Global X S&P 500 Covered Call ETF | 57.6 | 60 | 15 | 4.7 | -0.8 |
XYLG | Global X S&P 500 Covered Call & Growth ETF | 57.6 | 60 | 15 | 4.7 | -0.8 |
XRMI | Global X S&P 500 Risk Managed Income ETF | 57.6 | 60 | 15 | 4.7 | -0.8 |
PBP | Invesco S&P 500 BuyWrite ETF | 57.5 | 49 | 26 | 4.8 | -0.7 |
XCLR | Global X S&P 500 Collar 95-110 ETF | 57.5 | 25 | 50 | 5.2 | -0.3 |
XTR | Global X S&P 500 Tail Risk ETF | 57.4 | 26 | 49 | 5.2 | -0.3 |
SFLR | Innovator Equity Managed Floor ETF | 53.4 | 89 | -14 | 4.3 | -1.2 |
ACIO | Aptus Collared Investment Opportunity ETF | 45.4 | 79 | -4 | 4.3 | -1.2 |
EFIV | SPDR S&P 500 ESG ETF | 45.2 | 10 | 65 | 5.3 | -0.2 |
XYLE | Global X S&P 500 ESG Covered Call ETF | 45.2 | 60 | 15 | 4.9 | -0.5 |
FTQI | First Trust Nasdaq BuyWrite Income ETF | 38.9 | 75 | 0 | 4.0 | -1.5 |
MMLG | First Trust Multi-Manager Large Growth ETF | 34.8 | 85 | -10 | 2.1 | -3.3 |
STLG | iShares Factors US Growth Style ETF | 34.7 | 25 | 50 | 6.3 | +0.8 |
JEPQ | J.P. Morgan Nasdaq Equity Premium Income ETF | 34.5 | 35 | 40 | 4.5 | -1.0 |
SIXH | ETC 6 Meridian Hedged Equity Index Option ETF | 34.5 | 82 | -7 | 5.6 | +0.1 |
QCLR | Global X NASDAQ 100 Collar 95-110 ETF | 33.5 | 25 | 50 | 4.6 | -0.9 |
QYLD | Global X NASDAQ 100 Covered Call ETF | 33.5 | 60 | 15 | 4.2 | -1.3 |
NUSI | Nationwide Nasdaq-100 Risk-Managed Income ETF | 33.5 | 68 | 7 | 4.2 | -1.3 |
QRMI | Global X NASDAQ 100 Risk Managed Income ETF | 33.5 | 60 | 15 | 4.2 | -1.2 |
QYLG | Global X Nasdaq 100 Covered Call & Growth ETF | 33.5 | 60 | 15 | 4.2 | -1.2 |
QTR | Global X NASDAQ 100 Tail Risk ETF | 33.5 | 26 | 49 | 4.6 | -0.9 |
QYLE | Global X Nasdaq 100 ESG Covered Call ETF | 31.8 | 60 | 15 | 4.4 | -1.1 |
DJIA | Global X Dow 30 Covered Call ETF | 26.0 | 60 | 15 | 5.4 | -0.1 |
DYLG | Global X Dow 30 Covered Call & Growth ETF | 25.9 | 60 | 15 | 5.4 | -0.1 |
DIVO | Amplify CWP Enhanced Dividend Income ETF | 21.4 | 55 | 20 | 5.7 | +0.2 |
TYLG | Global X Information Technology Covered Call & Growth ETF | 20.0 | 60 | 15 | 4.7 | -0.7 |
CCOR | Core Alternative ETF | 18.3 | 107 | -32 | 5.0 | -0.5 |
THNQ | ROBO Global Artificial Intelligence ETF | 12.8 | 68 | 7 | 1.8 | -3.7 |
QQQA | ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 12.2 | 58 | 17 | 2.6 | -2.9 |
LCG | Sterling Capital Focus Equity ETF | 9.3 | 59 | 16 | 3.4 | -2.1 |
KNG | FT Vest S&P 500 Dividend Aristocrats Target Income ETF | 8.6 | 75 | 0 | 5.6 | +0.2 |
XVOL | Acruence Active Hedge U.S. Equity ETF | 7.2 | 83 | -8 | 6.1 | +0.6 |
HYLG | Global X Health Care Covered Call & Growth ETF | 7.0 | 60 | 15 | 6.6 | +1.2 |
FYLG | Global X Financials Covered Call & Growth ETF | 6.4 | 60 | 15 | 5.5 | +0.0 |
RYLD | Global X Russell 2000 Covered Call ETF | 3.4 | 60 | 15 | 3.3 | -2.1 |
IDVO | Amplify International Enhanced Dividend Income ETF | 1.6 | 65 | 10 | 9.0 | +3.5 |
GBLD | Invesco MSCI Green Building ETF | 1.4 | 39 | 36 | 8.3 | +2.8 |
1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.
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RESULTS & ESTIMATES
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share | ** | ** | ** | ** | ** | ** | ** |
Book value per share | ** | ** | ** | ** | ** | ** | ** |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
OTHER FUNDAMENTAL METRICS
Long term EPS growth est. | **% | Debt-to-equity | **x | |
Asset turnover | **% | Assets-to-equity | **x |
*Six months ago = 100 |
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VALUATION METRICS
2023 | 2024E | 2025E | |
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Price-to-sales | ** | ** | ** |
Price-to-earnings | ** | ** | ** |
Price-to-cash flow | ** | ** | ** |
Price-to-growth | ** | ** | ** |
Price-to-book value | ** | ** | ** |
Yield | ** | ** | ** |
Historical valuation trends
Forward multiple: |
First Trust BuyWrite Income ETF | |||
Relative to: |
S&P500 | MSCI EAFE | MSCI Emg. Mkts. | Other ETF: |
NEUTRAL |
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds. |
ALTAR Score™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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