FTKI vs HFXI
First Trust Small Cap BuyWrite Income ETF vs NYLI FTSE International Equity Currency Neutral ETF
Quick Verdict
HFXI has a lower expense ratio. HFXI delivered stronger 1-year returns. HFXI offers more diversification with 876 holdings.
Side-by-Side Comparison
| Metric | FTKI | HFXI | Winner |
|---|---|---|---|
| Expense Ratio | 0.86% | 0.20% | |
| AUM | $26M | $2.1B | |
| Dividend Yield | 12.39% | 3.39% | |
| Holdings | 150 | 876 | |
| YTD Return | +13.26% | +17.30% | |
| 1Y Return | +19.59% | +29.54% | |
| 3Y Return (annualized) | - | +21.69% | |
| 5Y Return (annualized) | - | +12.45% | |
| Volatility (annualized) | 10.3% | 13.8% | |
| Max Drawdown | -15.2% | -34.2% | |
| Fund Family | First Trust Portfolios (US) | INDEXIQ ETF TRUST | |
| Category | Equity | Equity | |
| Inception | Feb 26, 2025 | Jul 22, 2015 |
FTKI vs HFXI Performance
First Trust Small Cap BuyWrite Income ETF (FTKI) is a ETF from First Trust Portfolios (US) and NYLI FTSE International Equity Currency Neutral ETF (HFXI) is a ETF from INDEXIQ ETF TRUST. Over the past year FTKI returned +19.59% while HFXI returned +29.54%. Year to date, FTKI is up 13.26% versus a gain of 17.30% for HFXI.
Risk: Volatility and Drawdowns
HFXI has been the more volatile fund, with annualized monthly volatility of 13.8% 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 -15.2% for FTKI and -34.2% for HFXI. 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 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FTKI charges 0.86% per year while HFXI charges 0.20%. On a $10,000 position that is $86 vs $20 annually, a gap of $66 per year that compounds over a long holding period. On income, FTKI currently yields 12.39% against 3.39% for HFXI.
Holdings Overlap
FTKI and HFXI share 1 holdings out of 885 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FTKI | Weight in HFXI | Difference |
|---|---|---|---|
| ORA | 0.64% | 0.17% | 0.47% |
Frequently Asked Questions
Which is cheaper, FTKI or HFXI?
FTKI has an expense ratio of 0.86% while HFXI charges 0.20%. HFXI is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
Which performed better, FTKI or HFXI?
Over the past year FTKI returned +19.59% vs +29.54% for HFXI, so HFXI leads on 1-year performance. Over the longest common window we track (2 years), FTKI annualized +12.51% vs +7.92% for HFXI. Past performance does not guarantee future results.
Which is riskier, FTKI or HFXI?
HFXI has been the more volatile fund at 13.8% annualized versus 10.3% for FTKI. Worst drawdown: FTKI -15.2% vs HFXI -34.2%.
Should I hold both FTKI and HFXI?
FTKI and HFXI have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FTKI and HFXI?
FTKI and HFXI share 1 common holdings with a 0.2% weight overlap. Combined, they hold 885 unique securities.
Which pays a higher dividend, FTKI or HFXI?
FTKI yields 12.39% while HFXI yields 3.39%, so FTKI currently pays the higher dividend yield.
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