Data as of .
FTQI vs OEI: which paid, and which earned it?
FTQI and OEI both write options for income.
What they hold in common
By the books each fund has filed, FTQI and OEI hold 41% of their money in the same securities at the same weight.
| Holding | FTQI | OEI |
|---|---|---|
| NVIDIA Corporation | 6.55% | 8.32% |
| Apple Inc. | 8.76% | 4.28% |
| Amazon.com, Inc. | 4.13% | 4.56% |
| Micron Technology, Inc. | 2.38% | 2.57% |
| Meta Platforms, Inc. (Class A) | 2.75% | 2.18% |
| Alphabet Inc. (Class A) | 2.06% | 3.48% |
| Alphabet Inc. (Class C) | 2.05% | 2.79% |
| Broadcom Inc. | 1.92% | 3.04% |
| Advanced Micro Devices, Inc. | 5.41% | 1.56% |
| Cisco Systems, Inc. | 3.18% | 1.54% |
| Tesla, Inc. | 2.68% | 1.46% |
| Microsoft Corporation | 1.41% | 5.99% |
| Only in FTQI | Only in OEI |
|---|---|
| US Dollar 5.75% | Booking Holdings Inc 1.89% |
| Seagate Technology Holdings Plc 2.17% | Eli Lilly & Co 1.80% |
| Palo Alto Networks, Inc. 1.42% | JPMorgan Chase & Co 1.65% |
| KLA Corporation 1.29% | Berkshire Hathaway Inc 1.60% |
| CME Group Inc. 0.97% | Mastercard Inc 1.57% |
| eBay Inc. 0.85% | Bank of America Corp 1.38% |
| Expedia Group, Inc. 0.79% | Home Depot Inc/The 1.17% |
| F5, Inc. 0.79% | Visa Inc 1.15% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jul 31, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| FTQI | OEI | FTQI | OEI | FTQI | OEI | |
| 3 months | +4.0% | +4.8% | 2.9% | 2.3% | +6.5 pts | +2.5 pts |
| 6 months | +18.3% | +12.5% | 6.3% | 4.9% | −5.9 pts | −5.6 pts |
| 1 year | +21.5% | not published | 12.0% | not published | −0.3 pts | not published |
| 3 years | +62.9% | not published | 37.0% | not published | −35.3 pts | not published |
| Since launch | +141.7% | +14.4% | 78.8% | 8.6% | −675.0 pts | −0.9 pts |
| FTQI First Trust Nasdaq BuyWrite Income ETF Covered call on QQQ, paying monthly | OEI Optimized Equity Income ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | First Trust | Core Alternative |
| Strategy | covered call | option income |
| Benchmark | Nasdaq-100 (QQQ) | S&P 500 (SPY), used as a default proxy |
| Pays | monthly | monthly |
| Payout rate, annualized | 11.9% | 9.2% |
| Expense ratio | 0.75% | 1.02% |
| Cash paid, 1 year | 12.0% | 8.6% (since launch on Oct 22, 2025) |
| Price change, 1 year | +8.0% | +5.2% |
| Total return, 1 year | +21.5% | +14.4% (since launch on Oct 22, 2025) |
| Benchmark return, 1 year | +21.8% | +15.3% |
| Ahead or behind | −0.3 pts | −0.9 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 4637 days | 331 days |
| Net assets | $975m | $46m |
FTQI in plain words
Over the year to Sep 18, 2026, FTQI paid 12.0% of its starting value in cash distributions while its price rose 8.0%. With every distribution reinvested, the fund returned +21.5%. Nasdaq-100 (QQQ) returned +21.8% over the same days, so a holder was about even. At its price on Sep 18, 2026 the latest distribution annualizes to 11.9%, paid monthly.
OEI in plain words
Over the period since launch on Oct 22, 2025 to Sep 18, 2026, OEI paid 8.6% of its starting value in cash distributions while its price rose 5.2%. With every distribution reinvested, the fund returned +14.4%. S&P 500 (SPY), used as a default proxy returned +15.3% over the same days, so a holder was behind by 0.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 9.2%, paid monthly.
Questions people ask
- Which is cheaper, FTQI or OEI?
- FTQI charges 0.75% a year and OEI charges 1.02%, so FTQI is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, FTQI against OEI, data as of Sep 18, 2026. https://etfiq.com/compare/income/ftqi-vs-oei Free to use with attribution; the underlying files are at Open data.