First Trust Nasdaq BuyWrite Income ETF
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- Description
- Performance
- Comps
- Fundamentals
- Valuation
- Rating
The First Trust Low Beta Income ETF is an actively managed portfolio of US large-cap stocks, with an options overlay of short calls and long puts on the S&P 500. |
Category | US Equities |
Fund Sponsor | First Trust |
Website | www.ftportfolios.com |
Inception date | Jan 06, 2014 |
Assets (mns) | $242 |
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 | 190 |
Wgt avg mkt cap (mns) | $973,340 |
Large cap (>$10bn) | 92.8% |
Mid cap ($2-10bn) | 6.7% |
Small cap (<$2bn) | 0.5% |
Developed mkts | 99.4% |
Emerging mkts | 0.6% |
MICROSOFT CORP | 8.3 % |
APPLE INC | 7.3 % |
US DOLLAR | 5.5 % |
NVIDIA CORP | 4.4 % |
AMAZON.COM INC | 3.9 % |
META PLATFORMS INC | 3.8 % |
BROADCOM INC. | 3.6 % |
COSTCO WHOLESALE CORP | 2.5 % |
ADVANCED MICRO DEVICES | 2.2 % |
ALPHABET INC. CLASS A | 1.9 % | Total | 43.4 % |
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UNITED STATES | 85.3 % | |
BRITAIN | 2.5 % | |
IRELAND | 1.9 % | |
ISRAEL | 1.1 % | |
SWITZERLAND | 0.6 % | |
CHINA | 0.5 % | |
CANADA | 0.5 % | |
FRANCE | 0.3 % | |
INDIA | 0.2 % | |
ITALY | 0.1 % |
HISTORICAL PERFORMANCE
Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
4.8% | 23.4% | 5.6% | 5.4% | 5.6% |
versus... | Beta | R-squared |
S&P500 | 0.57 | 71% |
MSCI EAFE | 0.56 | 65% |
MSCI Emg. Mkts. | 0.40 | 35% |
Recent close | $20.49 |
30d moving avg. | $19.54 |
Annualized volatility | 12.0% |
Short interest (ETF) | 0.4% |
Short interest (Underlying) | 3.2% |
Relative strength (RSI) | 77 |
Avg. volume (thou.) | 128 |
Turnover | 1.1% |
Bid/Ask (% of price) | 0.21% |
ADV underlying (mns) | $211,740 |
FINDING ALTERNATIVE FUNDS
Below is a list of 37 potential alternatives to the First Trust Nasdaq BuyWrite Income ETF ETF based on the alternatives' overlap in portfolio holdings with FTQI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | FTQI | Expense: | 75 bp | ALTAR Score™: | 4.0% |
Ticker | Fund Name |
Overlap1 vs FTQI (%) |
Expense ratio (bp) |
Savings vs FTQI (bp) |
ALTAR Score™ (%) |
ALTAR vs FTQI (%) |
QYLD | Global X NASDAQ 100 Covered Call ETF | 57.2 | 60 | 15 | 4.3 | +0.2 |
QRMI | Global X NASDAQ 100 Risk Managed Income ETF | 57.2 | 60 | 15 | 4.3 | +0.2 |
QYLG | Global X Nasdaq 100 Covered Call & Growth ETF | 57.1 | 60 | 15 | 4.2 | +0.1 |
NUSI | Nationwide Nasdaq-100 Risk-Managed Income ETF | 57.1 | 68 | 7 | 4.1 | +0.0 |
QTR | Global X NASDAQ 100 Tail Risk ETF | 57.1 | 26 | 49 | 4.5 | +0.5 |
QCLR | Global X NASDAQ 100 Collar 95-110 ETF | 57.0 | 25 | 50 | 4.4 | +0.4 |
QYLE | Global X Nasdaq 100 ESG Covered Call ETF | 53.1 | 60 | 15 | 4.3 | +0.3 |
JEPQ | J.P. Morgan Nasdaq Equity Premium Income ETF | 50.5 | 35 | 40 | 4.3 | +0.3 |
PBP | Invesco S&P 500 BuyWrite ETF | 44.6 | 49 | 26 | 4.9 | +0.9 |
XYLD | Global X S&P 500 Covered Call ETF | 44.5 | 60 | 15 | 4.8 | +0.8 |
XRMI | Global X S&P 500 Risk Managed Income ETF | 44.4 | 60 | 15 | 4.8 | +0.8 |
XYLG | Global X S&P 500 Covered Call & Growth ETF | 44.2 | 60 | 15 | 4.7 | +0.6 |
XTR | Global X S&P 500 Tail Risk ETF | 43.8 | 26 | 49 | 5.0 | +1.0 |
XCLR | Global X S&P 500 Collar 95-110 ETF | 43.8 | 25 | 50 | 5.0 | +1.0 |
XYLE | Global X S&P 500 ESG Covered Call ETF | 43.0 | 60 | 15 | 4.9 | +0.8 |
EFIV | SPDR S&P 500 ESG ETF | 42.9 | 10 | 65 | 5.1 | +1.1 |
SFLR | Innovator Equity Managed Floor ETF | 42.8 | 89 | -14 | 4.1 | +0.1 |
ACIO | Aptus Collared Investment Opportunity ETF | 40.9 | 79 | -4 | 4.3 | +0.3 |
FTHI | First Trust BuyWrite Income ETF | 39.2 | 75 | 0 | 5.5 | +1.4 |
STLG | iShares Factors US Growth Style ETF | 38.9 | 25 | 50 | 5.5 | +1.5 |
SIXH | ETC 6 Meridian Hedged Equity Index Option ETF | 35.6 | 82 | -7 | 5.7 | +1.7 |
MMLG | First Trust Multi-Manager Large Growth ETF | 35.5 | 85 | -10 | 2.0 | -2.1 |
TYLG | Global X Information Technology Covered Call & Growth ETF | 31.4 | 60 | 15 | 4.4 | +0.4 |
QQQA | ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 18.6 | 58 | 17 | 2.3 | -1.7 |
THNQ | ROBO Global Artificial Intelligence ETF | 17.9 | 68 | 7 | 1.7 | -2.4 |
DJIA | Global X Dow 30 Covered Call ETF | 15.9 | 60 | 15 | 5.4 | +1.3 |
DYLG | Global X Dow 30 Covered Call & Growth ETF | 15.8 | 60 | 15 | 5.3 | +1.3 |
CCOR | Core Alternative ETF | 14.6 | 107 | -32 | 5.3 | +1.3 |
DIVO | Amplify CWP Enhanced Dividend Income ETF | 13.0 | 55 | 20 | 5.5 | +1.5 |
XVOL | Acruence Active Hedge U.S. Equity ETF | 10.3 | 83 | -8 | 4.9 | +0.8 |
LCG | Sterling Capital Focus Equity ETF | 10.2 | 59 | 16 | 3.1 | -1.0 |
RYLD | Global X Russell 2000 Covered Call ETF | 3.8 | 60 | 15 | 3.4 | -0.6 |
KNG | FT Vest S&P 500 Dividend Aristocrats Target Income ETF | 3.7 | 75 | 0 | 5.8 | +1.7 |
HYLG | Global X Health Care Covered Call & Growth ETF | 2.5 | 60 | 15 | 6.4 | +2.4 |
FYLG | Global X Financials Covered Call & Growth ETF | 1.9 | 60 | 15 | 5.5 | +1.5 |
IDVO | Amplify International Enhanced Dividend Income ETF | 0.8 | 65 | 10 | 8.6 | +4.5 |
DDLS | WisdomTree Dynamic Currency Hedged International SmallCap Eq | 0.3 | 48 | 27 | 8.8 | +4.8 |
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 Nasdaq 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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