FTHI and RSPA are both covered call ETFs tracking the same benchmark, but with different approaches. FTHI offers ~8% yield with a focus on investor seeking actively managed covered call strategy, while RSPA provides ~7.8% yield targeting income investors who want s&p 500 exposure with less mega-cap concentration and monthly distributions. 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
First Trust BuyWrite Income ETF
5.1
Overall Score
Invesco S&P 500 Equal Weight Income Advantage ETF
6.4
Overall Score
| Criteria | FTHI | RSPA |
|---|---|---|
| Overall Score | 5.1 6.4 | |
| Total Return (25%) | 3.9 6.0 | |
| Downside Protection (25%) | 5.9 6.9 | |
| Upside Participation (25%) | 6.4 6.4 | |
| Consistency (15%) | 4.8 5.7 | |
| Expense Ratio (5%) | 1.9 7.6 | |
| Liquidity (5%) | 5.3 6.0 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | FTHI | RSPA |
|---|---|---|
| Expense Ratio | 0.850% | 0.390% |
| Inception Date | Jan 6, 2014 | Jan 1, 2022 |
| Issuer | First Trust | Invesco |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 5/5 stars | 4/5 stars |
Underrated fund with solid track record — the high expense ratio is the main drag
Investor Profile:
Investor seeking actively managed covered call strategy
Unique equal-weight approach differentiates it from all other SPY-benchmarked covered call ETFs.
Investor Profile:
Income investors who want S&P 500 exposure with less mega-cap concentration and monthly distributions