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ETFs

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

FTQI
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Jan 7, 2014
Expense Ratio
0.85%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$1,348,791
AUM
$77,326,037
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

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Invest with FTQI
Trade FTQI Options

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.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

FTQI
Performance Measures**

for the time period Jan 7, 2014 to Dec 4, 2025

Returns

1M Trailing Return: 1.4%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 6.7%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -19.4%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 13.4%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.53

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.33

The annualized return divided by the max drawdown for the selected time period.

ETFs related toFTQI

ETFs correlated to FTQI include LGRO, GAUG, GJUL

FTQI
First Trust Exchange-Traded Fund VI - First Trust Nasdaq BuyWrite Income ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
JEPQ
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Nasdaq Equity Premium Income ETF
PJAN
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - January
IVW
BlackRock Institutional Trust Company N.A. - iShares S&P 500 Growth ETF
SPYG
SPDR Series Trust - SPDR Portfolio S&P 500 Growth ETF
PABU
iShares Trust - iShares Paris-Aligned Climate MSCI USA ETF

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.

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 0.0032%. This is the percent change in the value of FTQI over the most recent 1-month period. The 3-month return on FTQI is 0.0094%. 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 0.1548%. 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, DSI, and QUAL.

ETFs correlated to FTQI include LGRO, GAUG, and GJUL.

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

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.