ISPY and FTHI are both covered call ETFs tracking the same benchmark, but with different approaches. ISPY offers ~10% yield with a focus on yield-focused investor accepting minimal downside protection, 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
ProShares S&P 500 High Income ETF
5.5
Overall Score
First Trust BuyWrite Income ETF
5.1
Overall Score
| Criteria | ISPY | FTHI |
|---|---|---|
| Overall Score | 5.5 5.1 | |
| Total Return (25%) | 7.7 3.9 | |
| Downside Protection (25%) | — 5.9 | |
| Upside Participation (25%) | 9.3 6.4 | |
| Consistency (15%) | 4.3 4.8 | |
| Expense Ratio (5%) | 5.6 1.9 | |
| Liquidity (5%) | 5.7 5.3 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | ISPY | FTHI |
|---|---|---|
| Expense Ratio | 0.550% | 0.850% |
| Inception Date | Mar 22, 2023 | Jan 6, 2014 |
| Issuer | ProShares | First Trust |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 2/5 stars | 5/5 stars |
High yield but zero downside protection is a significant red flag — not suitable as a defensive holding
Investor Profile:
Yield-focused investor accepting minimal downside protection
Underrated fund with solid track record — the high expense ratio is the main drag
Investor Profile:
Investor seeking actively managed covered call strategy