FTQI
First Trust Nasdaq BuyWrite Income ETF
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.
US
EQUITY
Active
MANAGEMENT STYLE
627.8 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 06, 2014 |
| Assets (mns) | $628 |
| Expense ratio | 75 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Monthly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | Yes |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| MICROSOFT CORP | 7.5 % |
| NVIDIA CORP | 7.1 % |
| APPLE INC | 6.8 % |
| BROADCOM INC. | 4.4 % |
| META PLATFORMS INC | 4.3 % |
| AMAZON.COM INC | 4.2 % |
| NETFLIX INC | 3.3 % |
| ADVANCED MICRO DEVICES | 3.0 % |
| TESLA MOTORS INC | 3.0 % |
| COSTCO WHOLESALE CORP | 2.6 % |
Constituent Breakdown
| Number of holdings | 196 |
| Herfindahl-Hirschman Index | 279 |
| Wgt avg mkt cap (mns) | $942,512 |
| Large cap (>$10bn) | 88.2% |
| Mid cap ($2-10bn) | 7.7% |
| Small cap (<$2bn) | 0.3% |
| Developed mkts. | 99.0% |
| Emerging mkts. | 0.5% |
Country Exposure
 |
UNITED STATES | 92.5 % |
 |
BRITAIN | 1.7 % |
 |
ISRAEL | 1.2 % |
 |
CANADA | 1.1 % |
 |
FRANCE | 0.7 % |
 |
IRELAND | 0.7 % |
Historical Performance
Standardized Performance (as of 06/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -6.1% | -4.2% | -0.6% | -0.5% | -0.4% | -0.5% | -- | -0.2% |
| Dividend Yield | 0.0% | 4.8% | 8.8% | 10.0% | 7.5% | 5.3% | -- | 5.1% |
| Total Returns | -6.1% | 0.6% | 8.1% | 9.5% | 7.1% | 4.8% | -- | 4.9% | Ann. Volatility | 24.5% | 19.5% | 14.9% | 15.6% | 14.7% | 13.9% | -- | 13.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.71 | 86% |
| MSCI EAFE | 0.47 | 40% |
| MSCI Emg Mkts | 0.32 | 20% |
Liquidity Measures
| Avg. volume (000) | 321 |
| ADV traded (mns) | $6 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.21% |
Technical Indicators
| Recent close | $19.62 |
| 30d moving avg. | $19.24 |
| Annualized volatility | 12.3% |
| Relative strength (RSI) | 54 |
| Short interest | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| QYLD | Global X NASDAQ 100 Covered Call ETF | 59.0% | -15 bp | +3.7% |
| QRMI | Global X NASDAQ 100 Risk Managed Income ETF | 58.9% | -15 bp | +3.7% |
| QYLG | Global X Nasdaq 100 Covered Call & Growth ETF | 58.6% | -15 bp | +3.7% |
| QCLR | Global X NASDAQ 100 Collar 95-110 ETF | 58.3% | -50 bp | +4.1% |
| QTR | Global X NASDAQ 100 Tail Risk ETF | 58.1% | -49 bp | +4.0% |
| NUSI | Nationwide Nasdaq-100 Risk-Managed Income ETF | 57.9% | -7 bp | +3.6% |
| SFLR | Innovator Equity Managed Floor ETF | 48.9% | +14 bp | +3.8% |
| JEPQ | J.P. Morgan Nasdaq Equity Premium Income ETF | 48.7% | -40 bp | +4.1% |
| XYLD | Global X S&P 500 Covered Call ETF | 48.2% | -15 bp | +4.5% |
| XRMI | Global X S&P 500 Risk Managed Income ETF | 48.2% | -15 bp | +4.5% |
Risk and Returns: 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | |
| 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 7/4/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
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
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™
FTQI
3.8%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 965 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.3%. FTQI's ALTAR Score™ is approximately
0.8 standard deviations
below
the category average. This places FTQI in the 20nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FTQISELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| (75 bp) Percentile rank | 62 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FTQI | 75.0 | 0.0 | 75 |
| Peer Avg. | 54.3 | 30.2 | 84.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .