First Trust Nasdaq BuyWrite Income ETF
$21.13−0.14 (−0.63%)
- 0.75%
- $954M
- +15.3%
- 11.83%
- 412K sh
- low $19.23high $22.55
The ETF.net FTQI Grade
A
Score 72 out of 100
- 7 of 31
Score 72 of 100 falls in the A 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.C42 out of 100Rank 18 of 31Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 21Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A74 out of 100Rank 1 of 31Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A71 out of 100Rank 6 of 31Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A84 out of 100Rank 3 of 24Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A89 out of 100Rank 3 of 31
Our read on FTQI
In short
AMost Nasdaq-100 income funds sell calls on everything, all the time. FTQI works a dial: a hand-picked stock basket with index calls written on 50% to 100% of assets, so managers choose how much upside gets sold. Running since 2014, pays monthly.
Stated mandate
The fund seeks current income by investing primarily in U.S.-listed equities and writing exchange-traded covered calls on the Nasdaq-100 Index to obtain option-premium cash flow.
Why people hold it
Worth knowing
FTQI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
FTQI$11,531
Returns run to the Nov 9, 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 | FTQI |
|---|---|
| Year to date | +12.6% |
| 1 month | −4.3% |
| 3 months | −1.4% |
| 1 year | +15.3% |
| 3 years | +16.4% |
| 5 years | +10.6% |
| 10 years | +8.1% |
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 | FTQI |
|---|---|---|
| 2026 YTD | +12.6% | |
| 2025 | +12.7% | |
| 2024 | +18.3% | |
| 2023 | +23.6% | |
| 2022 | −8.8% | |
| 2021 | +10.5% | |
| 2020 | −6.6% |
FTQI in the news
FTQI Dividends
- 11.83%
- $2.52
- $0.22 per share
- Monthly
FTQI Risk
- 9.2%
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.
- 1.41
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.
- −19.4%
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.
- 0.66
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.
FTQI Cost
Overpaying vs EDGQ, cheapest in Nasdaq-100 Option Income
$14,482
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
FTQI 0.75%
$14,482
EDGQ 0.00% Cheapest
$0
Cost over time
Year by year
| Year | FTQI | EDGQ | Overpaying |
|---|---|---|---|
| 10 | $1,336 | $0 | $1,336 |
| 20 | $5,078 | $0 | $5,078 |
| 30 | $14,482 | $0 | $14,482 |
Other funds in Nasdaq-100 Option Income
- AQQQINEOS Nasdaq-100 High Income ETFExpense ratio 0.68%1 year return +8.6%
- ABALQiShares Nasdaq Premium Income Active ETFExpense ratio 0.35%1 year return
- AEDGQGlobal X Nasdaq-100 Income Edge ETFExpense ratio 0.00%1 year return
- BIQQQProShares Nasdaq-100 High Income ETFExpense ratio 0.55%1 year return +7.0%
- BQRMIGlobal X Nasdaq 100 Risk Managed Income ETFExpense ratio 0.60%1 year return +3.3%
