FTHI and RSPA are both covered call ETFs tracking the same benchmark, but with different approaches. FTHI offers a 8.97% yield, while RSPA provides a 9.42% 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
First Trust BuyWrite Income ETF
5.78
Overall Score
Invesco S&P 500 Equal Weight Income Advantage ETF
6.25
Overall Score
| Criteria | FTHI | RSPA |
|---|---|---|
| Overall Score | 5.78 6.25 | |
| Total Return (25%) | 3.80 5.78 | |
| Downside Protection (25%) | 5.38 3.65 | |
| Upside Participation (25%) | 6.54 6.84 | |
| Consistency (15%) | 9.93 10.00 | |
| Expense Ratio (5%) | 1.88 7.62 | |
| Liquidity (5%) | 5.27 6.01 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | FTHI | RSPA |
|---|---|---|
| Expense Ratio | 0.750% | 0.390% |
| Inception Date | Jan 6, 2014 | Jul 1, 2024 |
| Issuer | First Trust | Invesco |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 5/5 stars | 4/5 stars |
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.
Down capture of 82% against 68% up capture means the structure gave up more upside than it cushioned losses over 26 months.
Investor Profile:
RSPA is an actively managed Invesco fund of funds that holds stocks and ETFs to mirror the S&P 500 Equal Weight Index, 523 positions. It earns option income through equity-linked notes (ELNs), and about 20% of assets sit in an Invesco government money market fund. It pays monthly and charges 0.29%.
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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