ETV and FTHI are both covered call ETFs tracking the same benchmark, but with different approaches. ETV offers ~8% yield with a focus on income investor comfortable with cef structure seeking long track record, while FTHI provides ~8% yield targeting investor seeking actively managed covered call strategy. 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
Eaton Vance Tax-Managed Buy-Write Opportunities
5.2
Overall Score
First Trust BuyWrite Income ETF
4.9
Overall Score
| Criteria | ETV | FTHI |
|---|---|---|
| Overall Score | 5.2 4.9 | |
| Total Return (25%) | 5.0 3.7 | |
| Downside Protection (25%) | 3.8 5.2 | |
| Upside Participation (25%) | 7.8 6.6 | |
| Consistency (15%) | 5.0 4.8 | |
| Expense Ratio (5%) | 1.4 1.9 | |
| Liquidity (5%) | 5.0 5.3 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | ETV | FTHI |
|---|---|---|
| Expense Ratio | 0.890% | 0.850% |
| Inception Date | Sep 30, 2005 | Jan 6, 2014 |
| Issuer | Eaton Vance | First Trust |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 5/5 stars | 5/5 stars |
Historical value for stress-testing — but newer ETF alternatives offer better structure and lower fees
Investor Profile:
Income investor comfortable with CEF structure seeking long track record
Underrated fund with solid track record — the high expense ratio is the main drag
Investor Profile:
Investor seeking actively managed covered call strategy
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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