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Data as of Nov 4, 2026.

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Income ETFs

FTQI vs OCTH: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, FTQI paid 12.1% of its price in cash against OCTH’s 6.5%, and returned more with it reinvested.

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Net assets: $997m on Nov 3, 2026 for First Trust Nasdaq BuyWrite Income ETF, and $16m on Nov 4, 2026 for Innovator Premium Income 20 Barrier ETF - October.

FTQI on its own →OCTH on its own →
At a glance
12.1%
FTQI cash paid, 1 year
6.5%
OCTH cash paid, 1 year
+16.5%
FTQI total return, 1 year
+7.5%
OCTH total return, 1 year
FTQI · 1 year to Nov 4, 2026 4.2 pts ahead of QQQ
FTQI
+16.5%
QQQ
+12.3%

4.2 pts ahead of QQQ

FTQI over 1 year: paid 12.1%, price +3.5%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.

QQQ

+12.3%

FTQI

+16.5%

12.1% of it arrived as cash

4.2 pts ahead of QQQ

Total return, distributions reinvested

4.2 pts ahead of QQQ

FTQI over 1 year: paid 12.1%, price +3.5%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.

QQQ

+12.3%

FTQI

+16.5%

12.1% as cash

4.2 pts ahead of QQQ

12.1% of it arrived as cash. Total return, distributions reinvested. FTQI over 1 year: paid 12.1%, price +3.5%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.
OCTH · 1 year to Nov 4, 2026 7.3 pts behind SPY
OCTH
+7.5%
SPY
+14.8%

7.3 pts behind SPY

OCTH over 1 year: paid 6.5%, price +0.8%, total +7.5%, SPY +14.8%, −7.3 pts. Data to Nov 4, 2026.

SPY

+14.8%

OCTH

+7.5%

6.5% of it arrived as cash

7.3 pts behind SPY

Total return, distributions reinvested

7.3 pts behind SPY

OCTH over 1 year: paid 6.5%, price +0.8%, total +7.5%, SPY +14.8%, −7.3 pts. Data to Nov 4, 2026.

SPY

+14.8%

OCTH

+7.5%

7.3 pts behind SPY

6.5% of it arrived as cash. Both charts share one scale, 0 to +16.5%. OCTH over 1 year: paid 6.5%, price +0.8%, total +7.5%, SPY +14.8%, −7.3 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +16.5%. Data to Nov 4, 2026.

Pair scorecard

FTQI costs 0.04 points a year less; their one-year returns differ by 9.0 points; FTQI is far larger, $997m against $16m.

Points (pts) are percentage points.

FTQI vs OCTH: Dividend Yield & Total Return
MeasureFTQIOCTH
Paid and earned
Total return, 1 year+16.5%+7.5%
Price change, 1 yearrose 3.5%rose 0.8%
Return of capital, issuer estimate99% of the Oct 30, 2026 payment51% of the Oct 2, 2026 payment
Against its benchmark
BenchmarkNasdaq-100, measured through QQQS&P 500, measured through SPY
Cost and size
Expense ratio0.75%0.79%
Net assets, as of Nov 3, 2026$997m$16m
Holdings
Holdings in common0%
ETFIQ Distribution Coverage Score · FTQI scores higher How much of what it paid out did its total return cover?
IQ Income Score74FTQI68OCTH

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

0.3, the lowest in this set 99.7, the highest

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 →

Method

What they share

0%

By the books each fund has filed, FTQI and OCTH hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first FTQI OCTH
Only in one fund ↓
Only in FTQI
Apple Inc. 8.98%
NVIDIA Corporation 6.22%
Advanced Micro Devices, Inc. 4.73%
Amazon.com, Inc. 4.23%
Cisco Systems, Inc. 3.10%
Tesla, Inc. 3.05%
Meta Platforms, Inc. (Class A) 2.67%
Palantir Technologies Inc. (Class A) 2.60%
Only in OCTH
Check overlap with more funds →

Side by side

FTQI First Trust Nasdaq BuyWrite Income ETF · Covered call on QQQ, paying monthly OCTH Innovator Premium Income 20 Barrier ETF - October · Defined income on SPY, paying quarterly
Issuer First Trust Innovator
Strategy covered call defined income
Benchmark Nasdaq-100 (QQQ) S&P 500 (SPY)
Pays monthly quarterly
Payout rate, annualized 12.3% 6.4%
Expense ratio 0.75% 0.79%
Cash paid, 1 year 12.1% 6.5%
Price change, 1 year +3.5% +0.8%
Total return, 1 year +16.5% +7.5%
Benchmark return, 1 year +12.3% +14.8%
Ahead or behind +4.2 pts −7.3 pts
Return of capital, latest estimate 99% 51%
Age 12.8 years 3.1 years
Net assets, FTQI as of Nov 3, 2026 and OCTH as of Nov 4, 2026 $997m $16m

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

Window by window: FTQI vs OCTH: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowFTQIOCTHFTQIOCTHFTQIOCTH
3 months+0.4%+1.2%3.0%1.6%+3.8 pts+1.4 pts
6 months+6.6%+2.9%6.0%3.2%+6.9 pts−2.2 pts
1 year+16.5%+7.5%12.1%6.5%+4.3 pts−7.3 pts
3 years+60.8%+22.0%38.1%20.4%−30.5 pts−60.9 pts
Since launchNot the same days: FTQI Jan 2014 · OCTH Oct 2023+138.8%+23.8%81.1%20.7%−641.3 pts−62.2 pts

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About each fund
FTQI

Over the year to Nov 4, 2026, FTQI paid 12.1% of its starting value in cash distributions while its price rose 3.5%. With every distribution reinvested, the fund returned +16.5%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was ahead by 4.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 12.3%, paid monthly. First Trust estimates that 99% 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.

OCTH

Over the year to Nov 4, 2026, OCTH paid 6.5% of its starting value in cash distributions while its price rose 0.8%. With every distribution reinvested, the fund returned +7.5%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 7.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 6.4%, paid quarterly. Innovator estimates that 51% of the distribution paid Oct 2, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, FTQI or OCTH?
Over the year to Nov 4, 2026, FTQI paid 12.1% of its starting price in cash and OCTH paid 6.5%, so FTQI paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, FTQI or OCTH?
With every distribution reinvested, FTQI returned +16.5% and OCTH +7.5% over the year to Nov 4, 2026.
Which is cheaper, FTQI or OCTH?
FTQI charges 0.75% a year and OCTH charges 0.79%, so FTQI is cheaper. Fees come from each fund's prospectus.
Other comparisons
FTQI vs SCLZFTQI vs QUSAFTQI vs SPINFTQI vs NLSIOCTH vs GPIQOCTH vs QYLDOCTH vs QQQIOCTH vs JEPQ
Where to next
Nasdaq-100 (QQQ) →S&P 500 (SPY) →FTQI on its own →OCTH on its own →FTQI dividend history →FTQI holdings →OCTH dividend history →Method →Standards and sources →
Sources and dates
FTQI filings on SEC EDGAR ↗
FTQI prospectus with the expense ratio (SEC) ↗
FTQI 19a-1 distribution notice ↗
First Trust page for FTQI ↗
OCTH filings on SEC EDGAR ↗
OCTH prospectus with the expense ratio (SEC) ↗
OCTH 19a-1 distribution notice ↗
Innovator page for OCTH ↗

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, FTQI against OCTH, data as of Nov 4, 2026. https://etfiq.com/compare/income/ftqi-vs-octh

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