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) | $1,370 |
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 | 224 |
Wgt avg mkt cap (mns) | $752,524 |
Large cap (>$10bn) | 83.9% |
Mid cap ($2-10bn) | 14.2% |
Small cap (<$2bn) | 0.7% |
Developed mkts | 100.0% |
Emerging mkts | 0.1% |
MICROSOFT CORP | 7.0 % |
NVIDIA CORP | 6.6 % |
APPLE INC | 5.4 % |
AMAZON.COM INC | 3.4 % |
META PLATFORMS INC | 3.1 % |
BROADCOM INC. | 2.5 % |
ALPHABET INC. CLASS A | 1.8 % |
JPMORGAN CHASE & CO | 1.6 % |
ALPHABET INC. CLASS C | 1.4 % |
CME GROUP INC | 1.2 % | Total | 34.0 % |
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UNITED STATES | 89.8 % |
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BRITAIN | 2.4 % |
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CANADA | 1.3 % |
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NETHERLANDS | 1.0 % |
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GERMANY | 0.9 % |
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SWITZERLAND | 0.8 % |
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IRELAND | 0.6 % |
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ITALY | 0.5 % |
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LUXEMBOURG | 0.4 % |
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CHINA | 0.3 % |
HISTORICAL PERFORMANCE 

Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
-0.3% | 6.3% | 10.1% | 6.8% | 6.7% |
versus... | Beta | R-squared |
S&P500 | 0.69 | 93% |
MSCI EAFE | 0.50 | 52% |
MSCI Emg. Mkts. | 0.32 | 22% |
Recent close | $22.85 |
30d moving avg. | $22.22 |
Annualized volatility | 11.5% |
Short interest (ETF) | 0.2% |
Short interest (Underlying) | 3.3% |
Relative strength (RSI) | 60 |
Avg. volume (thou.) | 508 |
Turnover | 0.9% |
Bid/Ask (% of price) | 0.17% |
ADV underlying (mns) | $157,289 |
FINDING ALTERNATIVE FUNDS
Below is a list of 32 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™: | 4.4% |
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 | 59.2 | 60 | 15 | 4.7 | +0.2 |
XRMI | Global X S&P 500 Risk Managed Income ETF | 59.1 | 60 | 15 | 4.7 | +0.3 |
XYLG | Global X S&P 500 Covered Call & Growth ETF | 58.9 | 60 | 15 | 4.6 | +0.1 |
PBP | Invesco S&P 500 BuyWrite ETF | 58.8 | 49 | 26 | 4.8 | +0.3 |
XCLR | Global X S&P 500 Collar 95-110 ETF | 58.4 | 25 | 50 | 4.9 | +0.5 |
XTR | Global X S&P 500 Tail Risk ETF | 58.4 | 26 | 49 | 4.9 | +0.4 |
SFLR | Innovator Equity Managed Floor ETF | 53.5 | 89 | -14 | 3.9 | -0.5 |
ACIO | Aptus Collared Investment Opportunity ETF | 51.1 | 79 | -4 | 4.2 | -0.2 |
FTQI | First Trust Nasdaq BuyWrite Income ETF | 46.2 | 75 | 0 | 4.0 | -0.4 |
EFIV | SPDR S&P 500 ESG ETF | 43.3 | 10 | 65 | 5.2 | +0.8 |
QRMI | Global X NASDAQ 100 Risk Managed Income ETF | 42.3 | 60 | 15 | 3.9 | -0.6 |
QYLD | Global X NASDAQ 100 Covered Call ETF | 42.3 | 60 | 15 | 3.8 | -0.6 |
QYLG | Global X Nasdaq 100 Covered Call & Growth ETF | 42.3 | 60 | 15 | 3.7 | -0.7 |
QCLR | Global X NASDAQ 100 Collar 95-110 ETF | 42.3 | 25 | 50 | 4.1 | -0.3 |
QTR | Global X NASDAQ 100 Tail Risk ETF | 42.3 | 26 | 49 | 4.1 | -0.4 |
NUSI | Nationwide Nasdaq-100 Risk-Managed Income ETF | 42.2 | 68 | 7 | 3.8 | -0.7 |
JEPQ | J.P. Morgan Nasdaq Equity Premium Income ETF | 41.4 | 35 | 40 | 4.2 | -0.3 |
MMLG | First Trust Multi-Manager Large Growth ETF | 38.7 | 85 | -10 | 1.7 | -2.7 |
GARP | iShares MSCI USA Quality GARP ETF | 36.0 | 15 | 60 | 4.3 | -0.2 |
TYLG | Global X Information Technology Covered Call & Growth ETF | 26.6 | 60 | 15 | 4.2 | -0.3 |
DJIA | Global X Dow 30 Covered Call ETF | 25.7 | 60 | 15 | 5.2 | +0.8 |
DYLG | Global X Dow 30 Covered Call & Growth ETF | 25.6 | 60 | 15 | 5.2 | +0.7 |
DIVO | Amplify CWP Enhanced Dividend Income ETF | 21.8 | 55 | 20 | 5.0 | +0.5 |
SIXH | ETC 6 Meridian Hedged Equity Index Option ETF | 20.2 | 82 | -7 | 7.0 | +2.5 |
CCOR | Core Alternative ETF | 19.9 | 107 | -32 | 5.4 | +1.0 |
QQQA | ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 18.1 | 58 | 17 | 2.2 | -2.3 |
THNQ | ROBO Global Artificial Intelligence ETF | 14.3 | 68 | 7 | 2.4 | -2.1 |
XVOL | Acruence Active Hedge U.S. Equity ETF | 11.7 | 83 | -8 | 4.1 | -0.3 |
LCG | Sterling Capital Focus Equity ETF | 9.1 | 59 | 16 | 3.0 | -1.5 |
KNG | FT Vest S&P 500 Dividend Aristocrats Target Income ETF | 6.3 | 75 | 0 | 5.8 | +1.4 |
IDVO | Amplify International Enhanced Dividend Income ETF | 4.5 | 65 | 10 | 5.0 | +0.6 |
GBLD | Invesco MSCI Green Building ETF | 1.0 | 39 | 36 | 9.6 | +5.2 |
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
2020 | 2021 | 2022 | 2023 | 2024 | 2025E | 2026E | |
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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
2024 | 2025E | 2026E | |
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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: |
UNDERWEIGHT |
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals. |
ALTAR Score™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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