First Trust BuyWrite Income ETF (FTHI)
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Learn moreETF Summary
Under normal market conditions, the fund will pursue its investment objectives 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 call options on the Standard & Poor’s 500® Index. The fund will employ an option strategy in which it will write U.S. exchange-traded call options on the S&P 500 Index in order to seek additional cash flow in the form of premiums on the options that may be distributed to shareholders on a monthly basis.
Risk Overview
Risk Overview Information Not Available
Performance & Risk
| YTD Return | 7.63% |
| 5y Average Return | 10.52% |
|---|---|
| Rank in Category (ytd) | -- |
| % Rank in Category (ytd) | -- |
| Beta (5Y Monthly) | 0.54 |
| Morningstar Risk Rating | -- |
Risk Statistics
| 3 Years | 5 Years | 10 Years | ||||
|---|---|---|---|---|---|---|
| |
FTHI | Category Average | FTHI | Category Average | FTHI | Category Average |
|
Alpha
|
0.59 | -2 | 1.42 | -1.57 | -2.33 | -2.63 |
|
BETA
|
0.54 | 0.67 | 0.63 | 0.65 | 0.67 | 0.68 |
|
Mean Annual Return
|
1.18 | 1.11 | 0.93 | 0.72 | 0.72 | 0.72 |
|
R-squared
|
88.46 | 66.27 | 84.72 | 76.55 | 82.7 | 78.53 |
|
Standard Deviation
|
7.45 | -- | 10.83 | -- | 11.7 | -- |
|
Sharpe Ratio
|
1.3 | 0.79 | 0.67 | 0.44 | 0.52 | 0.54 |
|
Treynor Ratio
|
18.68 | 12.74 | 11.29 | 7 | 8.4 | 8.6 |
