Skip to Content
ETFs

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

FTQI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 07 2014
Expense Ratio
0.85%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$145,584
AUM
$29,667,038
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

AAPL
Apple Inc
13.06%
MSFT
Microsoft Corporation
10.79%
NVDA
NVIDIA Corp
4.29%
PEP
PepsiCo Inc
3.19%
AMZN
Amazon.com Inc.
3.11%
TSLA
Tesla Inc
2.54%
META
Meta Platforms Inc - Ordinary Shares - Class A
2.40%
AVGO
Broadcom Inc
2.30%
GOOG
Alphabet Inc - Ordinary Shares - Class C
2.12%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
2.11%
Invest with FTQI

What is FTQI?

The Fund's investment objective is to provide current income. The Fund will pursue its investment objective by investing primarily in equity securities listed on U.S. exchanges and by utilizing an "option strategy" consisting of writing (selling) U.S. exchange-traded covered call options on the Nasdaq-100 Index. The Fund will employ an option strategy in which it will write U.S. exchange-traded covered call options on the Nasdaq-100 Index in order to seek additional cash flow in the form of premiums on the options. A premium is the income received by an investor who sells an option contract to another party and may be distributed to shareholders on a monthly basis.

ETFs related toFTQI

ETFs correlated to FTQI include JEPQ, VONE, IYY

FTQI
First Trust Exchange-Traded Fund VI - First Trust Nasdaq BuyWrite Income ETF
JEPQ
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Nasdaq Equity Premium Income ETF
VONE
Vanguard Group, Inc. - Vanguard Russell 1000 Index ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
XVV
iShares Trust - iShares ESG Screened S&P 500 ETF
VOTE
Engine No. 1 ETF Trust - Engine No. 1 Transform 500 ETF
IWV
BlackRock Institutional Trust Company N.A. - iShares Russell 3000 ETF
SCHX
Schwab Strategic Trust - Schwab U.S. Large-Cap ETF
ITOT
BlackRock Institutional Trust Company N.A. - iShares Core S&P Total U.S. Stock Market ETF
SCHB
Schwab Strategic Trust - Schwab U.S. Broad Market 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 toFTQI

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

#D

Phalanx Formation: Downturn Defense

Category

Getting Defensive

Risk Rating

Moderate

Create your own algorithmic trading strategy with FTQI using Composer

FAQ

FTQI is a US Equities ETF. The Fund's investment objective is to provide current income. The Fund will pursue its investment objective by investing primarily in equity securities listed on U.S. exchanges and by utilizing an "option strategy" consisting of writing (selling) U.S. exchange-traded covered call options on the Nasdaq-100 Index. The Fund will employ an option strategy in which it will write U.S. exchange-traded covered call options on the Nasdaq-100 Index in order to seek additional cash flow in the form of premiums on the options. A premium is the income received by an investor who sells an option contract to another party and may be distributed to shareholders on a monthly basis.

Yes, FTQI 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, FTQI 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 FTQI is 0.0094%. This is the percent change in the value of FTQI over the most recent 1-month period. The 3-month return on FTQI is 0.0742%. This is the percent change in the value of FTQI over the most recent 3-month period.

The standard deviation of FTQI for the past year is 0.2055%. 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 FTQI include SPHQ, QUAL, and SUSA.

ETFs correlated to FTQI include JEPQ, VONE, and IYY.

ETFs that are inversely correlated to FTQI include SPDN, SPXU, and SH.

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.