CGW vs FTKI
Invesco S&P Global Water Index ETF vs First Trust Small Cap BuyWrite Income ETF
Quick Verdict
CGW has a lower expense ratio. FTKI delivered stronger 1-year returns. FTKI offers more diversification with 144 holdings.
Side-by-Side Comparison
| Metric | CGW | FTKI | Winner |
|---|---|---|---|
| Expense Ratio | 0.58% | 0.85% | |
| AUM | $1.0B | $25M | |
| Dividend Yield | 1.52% | 12.53% | |
| Holdings | 82 | 170 | |
| YTD Return | +3.18% | +14.48% | |
| 1Y Return | +2.35% | +20.91% | |
| 3Y Return (annualized) | +10.35% | - | |
| 5Y Return (annualized) | +3.63% | - | |
| Volatility (annualized) | 17.3% | 10.3% | |
| Max Drawdown | -57.2% | -15.2% | |
| Fund Family | Invesco (US) | First Trust Portfolios (US) | |
| Category | Equity | Equity | |
| Inception | May 14, 2007 | Feb 26, 2025 |
CGW vs FTKI Performance
Invesco S&P Global Water Index ETF (CGW) is a ETF from Invesco (US) and First Trust Small Cap BuyWrite Income ETF (FTKI) is a ETF from First Trust Portfolios (US). Over the past year CGW returned +2.35% while FTKI returned +20.91%. Year to date, CGW is up 3.18% versus a gain of 14.48% for FTKI.
Risk: Volatility and Drawdowns
CGW has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 10.3% for FTKI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -57.2% for CGW and -15.2% for FTKI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.47. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CGW charges 0.58% per year while FTKI charges 0.85%. On a $10,000 position that is $58 vs $85 annually, a gap of $27 per year that compounds over a long holding period. On income, CGW currently yields 1.52% against 12.53% for FTKI.
Holdings Overlap
CGW and FTKI share 3 holdings out of 209 unique holdings combined, representing a 1.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CGW or FTKI?
CGW has an expense ratio of 0.58% while FTKI charges 0.85%. CGW is the cheaper option. On a $10,000 investment, that is $27 per year of difference.
Which performed better, CGW or FTKI?
Over the past year CGW returned +2.35% vs +20.91% for FTKI, so FTKI leads on 1-year performance. Over the longest common window we track (2 years), CGW annualized +7.24% vs +13.55% for FTKI. Past performance does not guarantee future results.
Which is riskier, CGW or FTKI?
CGW has been the more volatile fund at 17.3% annualized versus 10.3% for FTKI. Worst drawdown: CGW -57.2% vs FTKI -15.2%.
Should I hold both CGW and FTKI?
CGW and FTKI have a monthly-return correlation of 0.47, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CGW and FTKI?
CGW and FTKI share 3 common holdings with a 1.1% weight overlap. Combined, they hold 209 unique securities.
Which pays a higher dividend, CGW or FTKI?
CGW yields 1.52% while FTKI yields 12.53%, so FTKI currently pays the higher dividend yield.
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