BALI and FTHI are both covered call ETFs tracking the same benchmark, but with different approaches. BALI offers a 7.83% yield, while FTHI provides a 8.97% yield. Compare their scores, yields, and performance metrics to find the best fit for your portfolio.
Compare covered call ETFs with the same benchmark side by side
iShares U.S. Large Cap Premium Income Active ETF
7.26
Overall Score
First Trust BuyWrite Income ETF
5.78
Overall Score
| Criteria | BALI | FTHI |
|---|---|---|
| Overall Score | 7.26 5.78 | |
| Total Return (25%) | 9.07 3.80 | |
| Downside Protection (25%) | 3.93 5.38 | |
| Upside Participation (25%) | 8.88 6.54 | |
| Consistency (15%) | 7.19 9.93 | |
| Expense Ratio (5%) | 9.38 1.88 | |
| Liquidity (5%) | 4.90 5.27 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | BALI | FTHI |
|---|---|---|
| Expense Ratio | 0.350% | 0.750% |
| Inception Date | Oct 18, 2022 | Jan 6, 2014 |
| Issuer | BlackRock | First Trust |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 3/5 stars | 5/5 stars |
Keeps 89% of S&P 500 upside for a 7.8% yield, but with 36 months of history and 80% down capture the downside protection is modest.
Investor Profile:
BALI is an actively managed BlackRock fund run by its Systematic Active Equity team (Robert Fisher, Travis Cooke, Raffaele Savi). It holds about 203 large-cap U.S. stocks, with technology at 36.8% of assets. It sells call options on a large-cap equity index to collect premium and pays monthly. Its benchmark is the S&P 500.
A 9.0% yield with a 69% overwrite, but the worst drawdown (-23.6%) was nearly identical to SPY's (-23.9%).
Investor Profile:
FTHI holds about 192 U.S.-listed equities of all sizes and writes covered calls on the S&P 500 Index. The overwrite averages 69% of NAV, with calls about 0.6% out of the money and 26 days to expiry on average. First Trust Advisors manages it and the fund pays monthly.
Both funds are scored on total return, downside protection, upside participation, distribution consistency, cost and liquidity, against the same benchmark and the same window.
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