FTQI
First Trust Nasdaq BuyWrite Income ETF
The First Trust Low Beta Income ETF is an actively managed portfolio of US large-cap stocks, with an options overlay of short calls and long puts on the S&P 500.
US
EQUITY
Active
MANAGEMENT STYLE
580.7 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 06, 2014 |
| Assets (mns) | $581 |
| Expense ratio | 75 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Monthly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | Yes |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| APPLE INC | 7.7 % |
| MICROSOFT CORP | 6.7 % |
| NVIDIA CORP | 6.5 % |
| META PLATFORMS INC | 4.6 % |
| AMAZON.COM INC | 4.5 % |
| BROADCOM INC. | 4.0 % |
| TESLA MOTORS INC | 4.0 % |
| NETFLIX INC | 2.8 % |
| COSTCO WHOLESALE CORP | 2.7 % |
| ALPHABET INC. CLASS A | 2.3 % |
Constituent Breakdown
| Number of holdings | 202 |
| Herfindahl-Hirschman Index | 299 |
| Wgt avg mkt cap (mns) | $1,078,810 |
| Large cap (>$10bn) | 89.9% |
| Mid cap ($2-10bn) | 8.9% |
| Small cap (<$2bn) | 1.1% |
| Developed mkts. | 99.9% |
| Emerging mkts. | 0.1% |
Country Exposure
 |
UNITED STATES | 91.9 % |
 |
BRITAIN | 1.7 % |
 |
ISRAEL | 1.3 % |
 |
IRELAND | 0.8 % |
Historical Performance
Standardized Performance (as of 01/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 1.1% | 16.7% | 16.8% | 10.1% | 6.9% | 6.0% | 5.7% | Volatility | 14.7% | 11.3% | 10.0% | 14.5% | 13.3% | 13.0% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.66 | 88% |
| MSCI EAFE | 0.55 | 61% |
| MSCI Emg Mkts | 0.40 | 32% |
Liquidity Measures
| Avg. volume (000) | 293 |
| Turnover | 1.1% |
| Avg. Bid/Ask (% of price) | 0.21% |
| ADV of underlying (mns) | $148,870 |
Technical Indicators
| Recent close | $21.04 |
| 30d moving avg. | $21.03 |
| Annualized volatility | 12.2% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 0.4% |
| Short interest (underlying) | 3.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FTQI |
Expenses vs. FTQI |
ALTAR Score™ vs. FTQI |
|---|---|---|---|---|
| QYLD | Global X NASDAQ 100 Covered Call ETF | 55.5% | -15 bp | +0.4% |
| QRMI | Global X NASDAQ 100 Risk Managed Income ETF | 55.5% | -15 bp | +0.4% |
| QYLG | Global X Nasdaq 100 Covered Call & Growth ETF | 55.4% | -15 bp | +1.2% |
| NUSI | Nationwide Nasdaq-100 Risk-Managed Income ETF | 55.2% | -7 bp | +0.2% |
| QTR | Global X NASDAQ 100 Tail Risk ETF | 55.2% | -49 bp | +0.7% |
| QCLR | Global X NASDAQ 100 Collar 95-110 ETF | 55.1% | -50 bp | +1.1% |
| XYLD | Global X S&P 500 Covered Call ETF | 50.2% | -15 bp | +1.0% |
| XRMI | Global X S&P 500 Risk Managed Income ETF | 50.1% | -15 bp | +1.0% |
| PBP | Invesco S&P 500 BuyWrite ETF | 50.1% | -26 bp | +1.0% |
| JEPQ | J.P. Morgan Nasdaq Equity Premium Income ETF | 50.0% | -40 bp | +0.8% |
Risk and Returns: FTQI vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 2/4/2025
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FTQI
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
FTQI
3.6%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 968 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.5%. FTQI's ALTAR Score™ is approximately
0.8 standard deviations
below
the category average. This places FTQI in the 22nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FTQISELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| FTQI (75 bp) Percentile rank | 61 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FTQI | 75.0 | 21.1 | 96.1 |
| Peer Avg. | 54.7 | 26.1 | 80.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .