Data as of Nov 4, 2026.
FTHI vs QDTE: Dividend Yield & Total Return
Over the year to Nov 4, 2026, QDTE paid 34.7% of its price in cash against FTHI’s 8.9%, and returned more with it reinvested.
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Net assets: $2.5bn on Nov 3, 2026 for First Trust BuyWrite Income ETF, and $881m on Nov 4, 2026 for Roundhill Nasdaq-100 0DTE Covered Call Strategy ETF.
6.7 pts behind SPY
FTHI over 1 year: paid 8.9%, price −1.2%, total +8.1%, SPY +14.8%, −6.7 pts. Data to Nov 4, 2026.
SPY
+14.8%
FTHI
+8.1%
8.9% of it arrived as cash
6.7 pts behind SPY
Total return, distributions reinvested
6.7 pts behind SPY
FTHI over 1 year: paid 8.9%, price −1.2%, total +8.1%, SPY +14.8%, −6.7 pts. Data to Nov 4, 2026.
SPY
+14.8%
FTHI
+8.1%
8.9% cash
6.7 pts behind SPY
8.9% of it arrived as cash. Total return, distributions reinvested. FTHI over 1 year: paid 8.9%, price −1.2%, total +8.1%, SPY +14.8%, −6.7 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.1.4 pts ahead of QQQ
QDTE over 1 year: paid 34.7%, price −23.4%, total +13.7%, QQQ +12.3%, +1.4 pts. Data to Nov 4, 2026.
QQQ
+12.3%
QDTE
+13.7%
34.7% of it arrived as cash
1.4 pts ahead of QQQ
Total return, distributions reinvested
1.4 pts ahead of QQQ
QDTE over 1 year: paid 34.7%, price −23.4%, total +13.7%, QQQ +12.3%, +1.4 pts. Data to Nov 4, 2026.
QQQ
+12.3%
QDTE
+13.7%
34.7% as cash
1.4 pts ahead of QQQ
34.7% of it arrived as cash. Both charts share one scale, with zero at the line. QDTE over 1 year: paid 34.7%, price −23.4%, total +13.7%, QQQ +12.3%, +1.4 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
FTHI costs 0.21 points a year less; their one-year returns differ by 5.6 points; FTHI is 2.9 times larger.
Points (pts) are percentage points.
| Measure | FTHI | QDTE |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +8.1% | +13.7% |
| Price change, 1 year | fell 1.2% | fell 23.4% |
| Return of capital, issuer estimate | 92% of the Oct 30, 2026 payment | 100% of the Oct 30, 2026 payment |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | Nasdaq-100, measured through QQQ |
| Cost and size | ||
| Expense ratio | 0.75% | 0.96% |
| Net assets, as of Nov 3, 2026 | $2.5bn | $869m |
| Holdings | ||
| Holdings in common | 0% | |
How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed
One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →
Risk and return
Mar 15, 2024 to Oct 30, 2026 · 137 weekly returnsEach against its own benchmark: FTHI against SPY, Jan 17, 2014 to Oct 30, 2026; QDTE against QQQ, Mar 15, 2024 to Oct 30, 2026.
From Mar 2024 to Oct 2026, QDTE returned more: +58.0% to +32.7%. FTHI swung less: 10.3% to 17.8%. FTHI fell less at its worst: −14.4% to −20.5%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | FTHI | QDTE | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +32.7% | +58.0% | QDTE | Price change plus distributions, reinvested. |
| Annualized | +11.3% | +19.0% | QDTE | Total return as a yearly rate. |
| Price return | +4.6% | −40.2% | FTHI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 10.3% | 17.8% | FTHI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 7.3% | 12.2% | FTHI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −14.4% | −20.5% | FTHI | Deepest fall from a high to the low after it. |
| Upside capture | 54.9% | 81.9% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 75.9% | 91.4% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.71 | 0.85 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.76 | 0.93 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.68 | 0.83 | QDTE | Return above Treasury bills per unit of volatility. |
| Sortino | 0.96 | 1.20 | QDTE | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.088 | 0.172 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.79 | 0.92 | QDTE | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | SPY | QQQ | The ETF each fund is measured against. | |
| Alpha | −2.3% a year | +1.1% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −1.27 | 0.37 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −5.9% to +1.3% | −4.8% to +7.1% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.73 | −0.22 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 8.0% | 5.7% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 137 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FTHI and QDTE hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.
half
0% in common
Only in one fund ↓
Side by side
As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.
Window by window
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | FTHI | QDTE | FTHI | QDTE | FTHI | QDTE |
| 3 months | −0.5% | −1.6% | 2.2% | 6.3% | −0.3 pts | +1.8 pts |
| 6 months | +2.5% | +1.6% | 4.4% | 14.3% | −2.5 pts | +2.0 pts |
| 1 year | +8.1% | +13.7% | 8.9% | 34.7% | −6.7 pts | +1.5 pts |
| 3 years | +48.1% | – | 29.7% | – | −34.8 pts | – |
| Since launchNot the same days: FTHI Jan 2014 · QDTE Mar 2024 | +155.0% | +55.2% | 84.3% | 75.6% | −262.6 pts | −2.3 pts |
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FTHI
Over the year to Nov 4, 2026, FTHI paid 8.9% of its starting value in cash distributions while its price fell 1.2%. With every distribution reinvested, the fund returned +8.1%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 6.7 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 9.0%, paid monthly. First Trust estimates that 92% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
QDTE
Over the year to Nov 4, 2026, QDTE paid 34.7% of its starting value in cash distributions while its price fell 23.4%. With every distribution reinvested, the fund returned +13.7%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was ahead by 1.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 27.9%, paid weekly. Roundhill estimates that 100% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
It is a place in a set, not a rating or a recommendation.
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, FTHI against QDTE, data as of Nov 4, 2026. https://etfiq.com/compare/income/fthi-vs-qdte
ETFIQ. (Nov 4, 2026). FTHI against QDTE. Retrieved from https://etfiq.com/compare/income/fthi-vs-qdte
[FTHI against QDTE (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/fthi-vs-qdte)
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