FTHI
First Trust BuyWrite Income ETF
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.
US
EQUITY
Active
MANAGEMENT STYLE
$ 2.5 B
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Inception date | Jan 06, 2014 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Monthly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | Yes |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| APPLE INC | 7.6 % |
| NVIDIA CORP | 7.0 % |
| US DOLLAR | 5.1 % |
| MICROSOFT CORP | 3.1 % |
| AMAZON.COM INC | 2.6 % |
| DELL TECHNOLOGIES INC CLASS C | 2.6 % |
| JPMORGAN CHASE & CO | 2.5 % |
| ALPHABET INC. CLASS A | 2.4 % |
| ASML HOLDING NV-NY REG SHS | 2.3 % |
| BANK OF AMERICA CORP | 2.1 % |
Constituent Breakdown
| Number of holdings | 194 |
| Herfindahl-Hirschman Index | 223 |
| Wgt avg mkt cap (mns) | $1,363,041 |
| Large cap (>$10bn) | 88.0% |
| Mid cap ($2-10bn) | 6.4% |
| Small cap (<$2bn) | 0.4% |
| Developed mkts. | 93.3% |
| Emerging mkts. | 1.6% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 84.0 % |
 |
BRITAIN | 3.1 % |
 |
NETHERLANDS | 3.0 % |
 |
CANADA | 1.2 % |
 |
SWITZERLAND | 1.1 % |
 |
SOUTH AFRICA | 0.6 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -0.1% | -0.5% | 1.2% | 4.9% | 1.9% | 1.3% | -- | 1.3% |
| Dividend Yield | 6.9% | 10.1% | 9.9% | 10.1% | 9.3% | 6.9% | -- | 6.4% |
| Total Returns | 6.8% | 9.6% | 11.1% | 15.0% | 11.2% | 8.2% | -- | 7.7% | Ann. Volatility | 9.9% | 9.7% | 12.9% | 11.6% | 16.6% | 17.3% | -- | 17.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.66 | 78% |
| MSCI EAFE | 0.47 | 59% |
| MSCI Emg Mkts | 0.27 | 51% |
Liquidity Measures
| Avg. volume (000) | 696 |
| ADV traded (mns) | $16 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.05% |
Technical Indicators
| 30d moving avg. (EMA) | $23.82 |
| Relative strength (RSI) | 62 |
| MACD/Signal | 0.17/0.11 |
| Bollinger Bands (Upper/Lower) | $24.38/$23.30 |
| Short interest (% of AUM) | 0.3% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FTHI |
Expenses vs. FTHI |
ALTAR Score™ vs. FTHI |
|---|---|---|---|---|
| XYLD | Global X S&P 500 Covered Call ETF | 47.6% | -15 bp | -0.1% |
| XRMI | Global X S&P 500 Risk Managed Income ETF | 47.5% | -15 bp | 0.0% |
| XYLG | Global X S&P 500 Covered Call & Growth ETF | 47.4% | -15 bp | -0.1% |
| PBP | Invesco S&P 500 BuyWrite ETF | 47.2% | -26 bp | +0.1% |
| XTR | Global X S&P 500 Tail Risk ETF | 47.1% | -49 bp | +0.3% |
| XCLR | Global X S&P 500 Collar 95-110 ETF | 47.0% | -50 bp | +0.2% |
| SFLR | Innovator Equity Managed Floor ETF | 45.9% | +14 bp | -0.5% |
| ACIO | Aptus Collared Investment Opportunity ETF | 44.0% | +4 bp | -0.3% |
| FTQI | First Trust Nasdaq BuyWrite Income ETF | 39.5% | 0 bp | -1.2% |
| QYLD | Global X NASDAQ 100 Covered Call ETF | 36.9% | -15 bp | -0.3% |
Risk and Returns: FTHI vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 10/22/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
4.7%
ALTAR SCORE™
35th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 1,393 funds in the US Equity category with an average
ALTAR Score™ of 5.5% and a standard deviation
of 2.1%. FTHI's ALTAR Score™ is approximately -0.4 standard
deviations above the category average. This places FTHI in the 35th percentile
among funds in the category.
Sell-Side Consensus
$28.03
PRICE TARGET
+18.7%
UPSIDE