First Trust Small Cap BuyWrite Income ETF
$19.640.00 (−0.02%)
- 0.86%
- $26M
- +22.3%
- 11.72%
- 0M sh
- $19.70
- low $18.12high $21.63
The ETF.net FTKI Grade
B
Score 64 out of 100
- 4 of 9
Score 64 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C40 out of 100Rank 6 of 9Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 7Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A80 out of 100Rank 2 of 9Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C42 out of 100Rank 6 of 9Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B69 out of 100Rank 2 of 6Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C45 out of 100Rank 6 of 9
Our read on FTKI
BMost Russell 2000 income funds own the index and sell calls on it. FTKI runs an actively picked basket of roughly 300 US small caps, then writes index-level calls over the top: income first, appreciation second, paid monthly.
The Fund seeks current income first and capital appreciation second. It primarily invests in small-cap equities listed on U.S. exchanges and writes exchange-traded calls on the Russell 2000 Index or small-cap equity ETFs.
Why people hold it
- Two moving parts, one wrapper: an actively chosen small-cap stock portfolio underneath, calls on the Russell 2000 or small-cap ETFs written over the top.ftportfolios.com
- The mandate puts current income first and capital appreciation second, and the cash goes out monthly.ftportfolios.com
- Roughly 300 US-listed small caps sit under the options overlay, spreading the equity risk across the bench instead of a short list of names.
Worth knowing
- At 0.86%, it prices above index-run Russell 2000 call writers such as RYLD and RYLG. Active stock selection is what you are paying the difference for.
- Writing calls swaps upside for premium. When small caps run hard, the overlay limits how much of that run the fund keeps.ftportfolios.com
- Launched in 2025 and still a small, lightly traded fund, so bid-ask spreads can run wider than the category's heavyweights.
FTKI Holdings
- Stocks
- 199
- 22%
- US Dollar
Sectors
- Technology23.2%
- Financials18.0%
- Health Care14.6%
- Consumer Discretionary14.1%
- Energy8.4%
- Industrials6.7%
- Materials6.2%
- Real Estate4.2%
- Communication1.9%
- Consumer Staples1.7%
- Utilities1.0%
Geography
- United States82.82%
- Bermuda3.53%
- Canada2.87%
- Cayman Islands2.73%
- Monaco1.81%
- Israel1.14%
- Ireland1.00%
- Greece0.68%
- 3.42%
FTKI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
FTKI$12,232
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FTKI |
|---|---|
| Year to date | +13.7% |
| 1 month | +0.1% |
| 3 months | +0.2% |
| 1 year | +22.3% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FTKI |
|---|---|---|
| 2026 YTD | +13.7% | |
| 2025 | +4.3% |
FTKI in the news
FTKI Dividends
- 11.72%
- $2.30
- $0.20 per share
- Monthly
Distribution history
FTKI Risk
- 11.0%
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.
- 0.47
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.
- −15.2%
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.
- 0.27
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FTKI Cost
0.86%
FTKI0.86%
- The middle half of Russell 2000 Option Income funds
- Median 0.76%
5 of the 9 Russell 2000 Option Income funds charge less.
Other funds in Russell 2000 Option Income
- AIWMWiShares Russell 2000 BuyWrite ETFExpense ratio 0.39%1 year return +13.5%
- ARYLGGlobal X - Russell 2000 Covered Call & Growth ETFExpense ratio 0.35%1 year return +17.6%
- BIWMINEOS Russell 2000 High Income ETFExpense ratio 0.76%1 year return +18.2%
- CCPRACalamos Russell 2000 Structured Alt Protection ETF – AprilExpense ratio 0.69%1 year return +6.8%
- CRDTERoundhill Investments - Russell 2000 0DTE Covered Call Strategy ETFExpense ratio 0.97%1 year return +18.1%