Skip to Content
ETFs

First Trust Exchange-Traded Fund VI First Trust BuyWrite Income ETF

FTHI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 07 2014
Expense Ratio
0.85%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$1,244,947
AUM
$154,329,535
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

AAPL
Apple Inc
7.12%
MSFT
Microsoft Corporation
6.32%
AMZN
Amazon.com Inc.
2.71%
NVDA
NVIDIA Corp
2.02%
n/a
US Dollar
1.88%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
1.74%
BRK/B
Berkshire Hathaway Inc. - Ordinary Shares - Class B
1.63%
TSLA
Tesla Inc
1.59%
GOOG
Alphabet Inc - Ordinary Shares - Class C
1.55%
AGNC
AGNC Investment Corp
1.42%
Invest with FTHI

What is FTHI?

The Funds primary investment objective is to provide current income. The Funds secondary investment objective is to provide capital appreciation. The Fund will pursue its objectives by investing in equity securities listed on U.S. exchanges of all market capitalizations and by utilizing an "option strategy" consisting of writing (selling) U.S. exchange-traded covered call options on the Standard & Poors 500 Index (the "Index"). Under normal market conditions, the Fund invests primarily in equity securities listed on U.S. exchanges of all market capitalizations. The Fund will also employ an option strategy in which it will write U.S. exchange-traded covered call options on the Index in order to seek additional cash flow in the form of premiums on the options that may be distributed to shareholders on a monthly basis. A premium is the income received by an investor who sells or writes an option contract to another party. The market value of the option strategy may be up to 20% of the Funds overall net asset value.

ETFs related toFTHI

ETFs correlated to FTHI include GFEB, FNDB, PDP

FTHI
First Trust Exchange-Traded Fund VI - First Trust BuyWrite Income ETF
GFEB
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - February
FNDB
Schwab Strategic Trust - Schwab Fundamental U.S. Broad Market Index ETF
PDP
Invesco Capital Management LLC - Invesco DWA Momentum ETF
AVUS
American Century ETF Trust - Avantis U.S. Equity ETF
FNDX
Schwab Strategic Trust - Schwab Fundamental U.S. Large Company Index ETF
CVLC
Morgan Stanley ETF Trust - Calvert US Large-Cap Core Responsible Index ETF
VLU
SPDR Series Trust - SPDR S&P 1500 Value Tilt ETF
CGUS
Capital Group Companies Inc - Capital Group Core Equity ETF
PRF
Invesco Capital Management LLC - Invesco FTSE RAFI US 1000 ETF
FMAR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - March

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFTHI

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus

Risk Rating

Moderate

Create your own algorithmic trading strategy with FTHI using Composer

FAQ

FTHI is a US Equities ETF. The Funds primary investment objective is to provide current income. The Funds secondary investment objective is to provide capital appreciation. The Fund will pursue its objectives by investing in equity securities listed on U.S. exchanges of all market capitalizations and by utilizing an "option strategy" consisting of writing (selling) U.S. exchange-traded covered call options on the Standard & Poors 500 Index (the "Index"). Under normal market conditions, the Fund invests primarily in equity securities listed on U.S. exchanges of all market capitalizations. The Fund will also employ an option strategy in which it will write U.S. exchange-traded covered call options on the Index in order to seek additional cash flow in the form of premiums on the options that may be distributed to shareholders on a monthly basis. A premium is the income received by an investor who sells or writes an option contract to another party. The market value of the option strategy may be up to 20% of the Funds overall net asset value.

Yes, FTHI is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, FTHI is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FTHI is 0.0149%. This is the percent change in the value of FTHI over the most recent 1-month period. The 3-month return on FTHI is 0.055%. This is the percent change in the value of FTHI over the most recent 3-month period.

The standard deviation of FTHI for the past year is 0.1862%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FTHI include VXX, QYLD, and HDGE.

ETFs correlated to FTHI include GFEB, FNDB, and PDP.

ETFs that are inversely correlated to FTHI include SH, SDS, and SPXS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.