FTKI vs PHDG
First Trust Small Cap BuyWrite Income ETF vs Invesco S&P 500 Downside Hedged ETF
Quick Verdict
PHDG has a lower expense ratio. FTKI delivered stronger 1-year returns. PHDG offers more diversification with 494 holdings.
Side-by-Side Comparison
| Metric | FTKI | PHDG | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.39% | |
| AUM | $25M | $61M | |
| Dividend Yield | 12.53% | 1.68% | |
| Holdings | 170 | 514 | |
| YTD Return | +13.28% | +12.11% | |
| 1Y Return | +21.74% | +17.06% | |
| 3Y Return (annualized) | - | +9.49% | |
| 5Y Return (annualized) | - | +4.59% | |
| Volatility (annualized) | 10.3% | 9.9% | |
| Max Drawdown | -15.2% | -23.6% | |
| Fund Family | First Trust Portfolios (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Feb 26, 2025 | Dec 5, 2012 |
FTKI vs PHDG Performance
First Trust Small Cap BuyWrite Income ETF (FTKI) is a ETF from First Trust Portfolios (US) and Invesco S&P 500 Downside Hedged ETF (PHDG) is a ETF from Invesco (US). Over the past year FTKI returned +21.74% while PHDG returned +17.06%. Year to date, FTKI is up 13.28% versus a gain of 12.11% for PHDG.
Risk: Volatility and Drawdowns
FTKI has been the more volatile fund, with annualized monthly volatility of 10.3% compared with 9.9% for PHDG. 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 -23.6% for PHDG. 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 0.39. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FTKI charges 0.85% per year while PHDG charges 0.39%. On a $10,000 position that is $85 vs $39 annually, a gap of $46 per year that compounds over a long holding period. On income, FTKI currently yields 12.53% against 1.68% for PHDG.
Holdings Overlap
FTKI and PHDG share 1 holdings out of 637 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FTKI | Weight in PHDG | Difference |
|---|---|---|---|
| CASY | 0.15% | 0.03% | 0.12% |
Frequently Asked Questions
Which is cheaper, FTKI or PHDG?
FTKI has an expense ratio of 0.85% while PHDG charges 0.39%. PHDG is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, FTKI or PHDG?
Over the past year FTKI returned +21.74% vs +17.06% for PHDG, so FTKI leads on 1-year performance. Over the longest common window we track (2 years), FTKI annualized +12.78% vs +4.38% for PHDG. Past performance does not guarantee future results.
Which is riskier, FTKI or PHDG?
FTKI has been the more volatile fund at 10.3% annualized versus 9.9% for PHDG. Worst drawdown: FTKI -15.2% vs PHDG -23.6%.
Should I hold both FTKI and PHDG?
FTKI and PHDG have a monthly-return correlation of 0.39, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FTKI and PHDG?
FTKI and PHDG share 1 common holdings with a 0.0% weight overlap. Combined, they hold 637 unique securities.
Which pays a higher dividend, FTKI or PHDG?
FTKI yields 12.53% while PHDG yields 1.68%, so FTKI currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.