FTHI and SIXH are both covered call ETFs tracking the same benchmark, but with different approaches. FTHI offers a 8.97% yield, while SIXH provides a 1.77% 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
6 Meridian Hedged Equity-Income ETF
6.21
Overall Score
| Criteria | FTHI | SIXH |
|---|---|---|
| Overall Score | 5.78 6.21 | |
| Total Return (25%) | 3.80 5.42 | |
| Downside Protection (25%) | 5.38 10.00 | |
| Upside Participation (25%) | 6.54 4.39 | |
| Consistency (15%) | 9.93 5.95 | |
| Expense Ratio (5%) | 1.88 2.75 | |
| Liquidity (5%) | 5.27 4.63 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | FTHI | SIXH |
|---|---|---|
| Expense Ratio | 0.750% | 0.780% |
| Inception Date | Jan 6, 2014 | Oct 8, 2020 |
| Issuer | First Trust | 6 Meridian |
| 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.
Cut the worst drawdown to -10.1% (SPY -23.9%), but pays only 1.8% and captured 44% of S&P 500 upside.
Investor Profile:
SIXH is an actively managed Exchange Traded Concepts fund that provides exposure to U.S. equities, 52 positions, and sells call options against SPY. Its largest positions are SPY (5.1%) and Altria (5.0%). The hedged label and a 20% down capture indicate a protective component, but the fund page does not describe it [to confirm with 6 Meridian]. It 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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