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
$ 2.3 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 | 6.9 % |
| NVIDIA CORP | 5.2 % |
| US DOLLAR | 4.3 % |
| GE VERONA | 2.7 % |
| JPMORGAN CHASE & CO | 2.6 % |
| ASML HOLDING NV-NY REG SHS | 2.4 % |
| NEBIUS GROUP NV | 2.4 % |
| BANK OF AMERICA CORP | 2.3 % |
| COSTCO WHOLESALE CORP | 2.3 % |
| AMAZON.COM INC | 2.3 % |
Constituent Breakdown
| Number of holdings | 175 |
| Herfindahl-Hirschman Index | 181 |
| Wgt avg mkt cap (mns) | $1,232,070 |
| Large cap (>$10bn) | 90.0% |
| Mid cap ($2-10bn) | 5.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 94.0% |
| Emerging mkts. | 1.2% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 82.2 % |
 |
NETHERLANDS | 5.0 % |
 |
BRITAIN | 3.2 % |
 |
CANADA | 2.1 % |
 |
SWITZERLAND | 1.2 % |
Historical Performance
Standardized Performance (as of 06/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 1.0% | 4.4% | 3.0% | 4.3% | 1.7% | 1.9% | -- | 1.4% |
| Dividend Yield | 4.6% | 10.6% | 10.0% | 10.0% | 9.0% | 6.8% | -- | 6.4% |
| Total Returns | 5.6% | 15.0% | 13.0% | 14.3% | 10.7% | 8.7% | -- | 7.8% | Ann. Volatility | 10.6% | 9.2% | 13.2% | 11.6% | 18.1% | 16.7% | -- | 16.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.66 | 81% |
| MSCI EAFE | 0.44 | 56% |
| MSCI Emg Mkts | 0.28 | 47% |
Liquidity Measures
| Avg. volume (000) | 761 |
| ADV traded (mns) | $18 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.04% |
Technical Indicators
| 30d moving avg. (EMA) | $23.60 |
| Relative strength (RSI) | 54 |
| MACD/Signal | 0.06/0.06 |
| Bollinger Bands (Upper/Lower) | $23.98/$23.27 |
| Short interest (% of AUM) | 0.2% |
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 |
|---|---|---|---|---|
| PBP | Invesco S&P 500 BuyWrite ETF | 47.2% | -26 bp | -0.9% |
| XYLD | Global X S&P 500 Covered Call ETF | 46.6% | -15 bp | -1.0% |
| XRMI | Global X S&P 500 Risk Managed Income ETF | 46.5% | -15 bp | -0.8% |
| XYLG | Global X S&P 500 Covered Call & Growth ETF | 46.4% | -15 bp | -1.3% |
| XTR | Global X S&P 500 Tail Risk ETF | 46.0% | -49 bp | -1.1% |
| XCLR | Global X S&P 500 Collar 95-110 ETF | 46.0% | -50 bp | -0.8% |
| SFLR | Innovator Equity Managed Floor ETF | 44.8% | +14 bp | -1.8% |
| ACIO | Aptus Collared Investment Opportunity ETF | 43.6% | +4 bp | -1.1% |
| FTQI | First Trust Nasdaq BuyWrite Income ETF | 38.8% | 0 bp | -1.8% |
| QYLD | Global X NASDAQ 100 Covered Call ETF | 35.9% | -15 bp | -1.7% |
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 7/6/2026
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
5.8%
ALTAR SCORE™
58th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 1,395 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. FTHI's ALTAR Score™ is approximately 0.2 standard
deviations above the category average. This places FTHI in the 58th percentile
among funds in the category.
Sell-Side Consensus
$25.85
PRICE TARGET
+9.0%
UPSIDE