Launched Jan 6, 2014 · SEC filings

First Trust BuyWrite Income ETF

FTHINasdaqFirst TrustB

$22.94−0.14 (−0.61%)

As of Nov 10, 2026, 11:15 AM ET

B65/ 100

Rank 18 of 51 in S&P 500 Option Income

B65/100Rank 18 of 51inS&P 500 Option Income

Expense ratio: 0.75%
Fund size: $2.5B
1Y total return: +7.0%
Yield · Last 12 months: 9.16%
Holdings: 188
Avg volume · 30D: 726K sh
52W range: low $22.37high $24.39
Launched: Jan 6, 2014
Filings: SEC EDGAR

The ETF.net FTHI Grade

Score 65 out of 100

Category: S&P 500 Option Income⁠
Rank: 18 of 51

Cost
D38 out of 100
Rank 32 of 51
Mission
A90 out of 100
Rank 22 of 37
Risk
C45 out of 100
Rank 27 of 51
Tradability
A78 out of 100
Rank 6 of 51
Holdings
A86 out of 100
Rank 1 of 40
Durability
A94 out of 100
Rank 1 of 51

Our read on FTHI

ETF.net Research

In short

BOne of the original covered call income ETFs (2014): an actively picked US stock portfolio with S&P 500 calls sold over the top on 25% to 75% of the fund, so part of the upside stays unsold. Pays monthly.

Stated mandate

The Fund seeks current income and, secondarily, capital appreciation. It invests in U.S.-listed equities across market capitalizations and writes covered call options on the S&P 500 Index to generate additional cash flow.

Why people hold it

The overlay is a dial, not a switch. The prospectus sets call notional generally between 25% and 75% of the fund, so managers can sell less premium and leave more equity upside open.sec.gov
Underneath the options sits a real stock portfolio, roughly 190 US-listed names across market caps chosen by the manager, not a copy of the index it writes calls on.ftportfolios.com
Calls are laddered across expirations under one year, struck at-the-money to slightly out-of-the-money, and premiums feed a monthly distribution.sec.gov
Live since January 2014, well before the derivative income boom, and now a multi-billion-dollar fund that trades actively. One of the stronger builds in a crowded S&P 500 income group.

Worth knowing

At 0.75% a year it sits above the 0.60% typical for its peer group, and index-rules rivals like IVVW (0.25%) and GPIX (0.35%) charge far less for S&P 500 call income.
The calls are on the S&P 500 while the stock sleeve is its own selection, so the two can drift apart. The prospectus notes those index calls are technically uncovered.sec.gov
Selling calls trades away part of a rally for cash today, and the filings flag active trading that can push portfolio turnover past 100% a year.sec.gov

FTHI Holdings

Holdings pillarA86Rank 1 of 40 in S&P 500 Option Income

Asset class: Stocks
Holdings: 188
Top-10 weight: 36%
Largest holding: AAPL8.3%

Sectors

Technology34.2%
Financials12.5%
Health Care9.6%
Industrials8.6%
Consumer Staples8.5%
Consumer Discretionary7.1%

Communication6.4%
Energy5.4%
Real Estate3.5%
Materials2.6%
Utilities1.7%

Geography

United States90.77%
Netherlands2.47%
United Kingdom2.21%
Canada1.35%
Switzerland1.34%

Brazil0.34%
Taiwan0.25%
Mexico0.23%
Other countries (8)1.03%

The fund’s holdings, weight-ordered — page 1 of 13.
#	Ticker	Company	Weight %	Shares	Market value	Held by ETFs
1	AAPL	Apple Inc.	8.33%	608,585	$208M	725
2	NVDA	NVIDIA Corporation	6.11%	818,892	$153M	846
3	No data	US Dollar	5.03%	125,923,455	$126M	396
4	MSFT	Microsoft Corporation	3.33%	156,994	$83.3M	828
5	AMZN	Amazon.com, Inc.	2.73%	263,676	$68.4M	736
6	JPM	JPMorgan Chase & Co.	2.69%	201,561	$67.4M	486
7	COST	Costco Wholesale Corporation	2.16%	51,363	$54.1M	489
8	GOOGL	Alphabet Inc. (Class A)	2.07%	182,073	$51.9M	699
9	BAC	Bank of America Corporation	2.01%	1,017,184	$50.3M	436
10	ASML	ASML Holding N.V. (New York Registry Shares)	1.94%	34,122	$48.6M	200
11	AVGO	Broadcom Inc.	1.74%	148,449	$43.6M	746
12	AMGN	Amgen Inc.	1.73%	93,774	$43.2M	507
13	DELL	Dell Technologies Inc. (Class C)	1.54%	117,168	$38.5M	449
14	GOOG	Alphabet Inc. (Class C)	1.51%	133,043	$37.8M	475
15	GILD	Gilead Sciences, Inc.	1.49%	223,047	$37.2M	497

Showing 1–15 of 188 holdings

FTHI Performance

Launched Jan 6, 2014

FTHI$10,699

$11,339

Nov 7, 2025 – Nov 9, 2026

Trailing total return for FTHI. Periods over one year show the average yearly return.
Period	FTHI
Year to date	+5.3%
1 month	−3.1%
3 months	−1.5%
1 year	+7.0%
3 years	per year+13.6%
5 years	per year+9.4%
10 years	per year+8.2%

With distributions reinvested.

Annual total returns for FTHI
Year	Return bar	FTHI
2026 YTD		+5.3%
2025		+11.0%
2024		+19.0%
2023		+20.7%
2022		−4.4%
2021		+13.9%
2020		−7.2%

FTHI in the news

Filtered to FTHI · S&P 500 Option Income

ETF Filings
Schroders files a global autocallable ETF and leaves the swap cost out
Nov 9, 2026SALI−0.73%
New ETFs
AllianceBernstein lists an S&P 500 income ETF that does not say how much the calls cover
Nov 5, 2026INK+0.09%
New ETFs
C.J. Lawrence's new 0.75% ETF hedges a band J.P. Morgan already covers at 0.50%
Nov 2, 2026ACJL−0.32%
ETF Filings
Defiance files AI index funds that may also buy private companies outside the index
Oct 30, 2026AIPO−2.09%
ETF Filings
Tuttle Capital files seven autocallable ETFs on technology theme baskets
Oct 20, 2026HBMX−1.39%
ETF Filings
Simplify files four funds that would take exposure through swaps on its own ETFs
Oct 16, 2026CTA+0.47%

FTHI Dividends

: 9.16%Last 12 months
Payout per share: $2.11Last 12 months

Last payment: $0.18 per share
Paid on: Oct 30, 2026
: Oct 21, 2026
Frequency: Monthly

Distribution history

2023–2026

Ex-date	Pay date	Amount per share
Oct 21, 2026	Oct 30, 2026	$0.18
Sep 24, 2026	Sep 30, 2026	$0.18
Aug 21, 2026	Aug 31, 2026	$0.18
Jul 21, 2026	Jul 31, 2026	$0.18
Jun 25, 2026	Jun 30, 2026	$0.17
May 21, 2026	May 29, 2026	$0.17
Apr 21, 2026	Apr 30, 2026	$0.17
Mar 26, 2026	Mar 31, 2026	$0.18
Feb 20, 2026	Feb 27, 2026	$0.18
Jan 21, 2026	Jan 30, 2026	$0.18
Dec 12, 2025	Dec 31, 2025	$0.18
Nov 21, 2025	Nov 28, 2025	$0.18

See all 153 payments⁠

$10,000 in FTHI 10 years ago paid $7,027 in dividends.⁠

FTHI Risk

Risk pillarC45Rank 27 of 51 in S&P 500 Option Income

: 7.4%; Annualised · 36 months to Oct 2026; How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
: 1.36; vs 3-month T-bills · to Oct 2026; How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
: −16.7%; Trough Sep 2022; How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
: 0.56; vs its asset-class index; How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.

FTHI Cost

Compare FTHI and PEPS

Overpaying vs PEPS, cheapest in S&P 500 Option Income

$12,376

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

FTHI 0.75%
$14,482
PEPS 0.10% Cheapest
$2,106

Amount$10,000

Years30 years

Cost over time

FTHI 0.75%
PEPS 0.10%
Overpaying

Year by year

Year	FTHI	PEPS	Overpaying
10	$1,336	$183	$1,153
20	$5,078	$717	$4,361
30	$14,482	$2,106	$12,376

Other funds in S&P 500 Option Income

BWTPIWisdomTree Equity Premium Income FundExpense ratio 0.44%1 year return +9.5%
BISPYProShares S&P 500 High Income ETFExpense ratio 0.55%1 year return +10.2%
BSPYHNEOS S&P 500 Hedged Equity Income ETFExpense ratio 0.68%1 year return +9.9%
BBNDINeos Enhanced Income Aggregate Bond ETFExpense ratio 0.58%1 year return +1.8%
BPEPSParametric Equity Plus ETFExpense ratio 0.10%1 year return +13.2%

See others

First Trust BuyWrite Income ETF

Cost

Mission

Risk

Tradability

Holdings

Durability