XYLD and FTHI are both covered call ETFs tracking the same benchmark, but with different approaches. XYLD offers a 10.41% yield, while FTHI provides a 8.97% 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
Global X S&P 500 Covered Call ETF
5.79
Overall Score
First Trust BuyWrite Income ETF
5.78
Overall Score
| Criteria | XYLD | FTHI |
|---|---|---|
| Overall Score | 5.79 5.78 | |
| Total Return (25%) | 3.79 3.80 | |
| Downside Protection (25%) | 5.90 5.38 | |
| Upside Participation (25%) | 6.45 6.54 | |
| Consistency (15%) | 7.61 9.93 | |
| Expense Ratio (5%) | 5.00 1.88 | |
| Liquidity (5%) | 7.23 5.27 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | XYLD | FTHI |
|---|---|---|
| Expense Ratio | 0.600% | 0.750% |
| Inception Date | Jun 24, 2013 | Jan 6, 2014 |
| Issuer | Global X | First Trust |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 5/5 stars | 5/5 stars |
Cut volatility to 9.0% (SPY 15.7%), but its worst drawdown (-23.4%) was only 0.5 points better than SPY's.
Investor Profile:
XYLD tracks the Cboe S&P 500 BuyWrite Index. It holds the S&P 500 stocks, 507 positions, and sells one-month at-the-money call options on the whole portfolio. The rules are mechanical and it pays monthly. PBP tracks the same index.
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.
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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