FTKI vs SPGM
First Trust Small Cap BuyWrite Income ETF vs State Street SPDR Portfolio MSCI Global Stock Market ETF
Quick Verdict
SPGM has a lower expense ratio. SPGM delivered stronger 1-year returns. SPGM offers more diversification with 2,985 holdings.
Side-by-Side Comparison
| Metric | FTKI | SPGM | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.09% | |
| AUM | $25M | $1.7B | |
| Dividend Yield | 12.53% | 1.80% | |
| Holdings | 170 | 2,985 | |
| YTD Return | +14.48% | +15.55% | |
| 1Y Return | +20.91% | +25.40% | |
| 3Y Return (annualized) | - | +21.36% | |
| 5Y Return (annualized) | - | +11.64% | |
| Volatility (annualized) | 10.3% | 13.7% | |
| Max Drawdown | -15.2% | -34.0% | |
| Fund Family | First Trust Portfolios (US) | SPDR State Street Global Advisors | |
| Category | Equity | Equity | |
| Inception | Feb 26, 2025 | Feb 27, 2012 |
FTKI vs SPGM Performance
First Trust Small Cap BuyWrite Income ETF (FTKI) is a ETF from First Trust Portfolios (US) and State Street SPDR Portfolio MSCI Global Stock Market ETF (SPGM) is a ETF from SPDR State Street Global Advisors. Over the past year FTKI returned +20.91% while SPGM returned +25.40%. Year to date, FTKI is up 14.48% versus a gain of 15.55% for SPGM.
Risk: Volatility and Drawdowns
SPGM has been the more volatile fund, with annualized monthly volatility of 13.7% 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 -34.0% for SPGM. 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 0.49. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FTKI charges 0.85% per year while SPGM charges 0.09%. On a $10,000 position that is $85 vs $9 annually, a gap of $76 per year that compounds over a long holding period. On income, FTKI currently yields 12.53% against 1.80% for SPGM.
Holdings Overlap
FTKI and SPGM share 45 holdings out of 2945 unique holdings combined, representing a 0.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FTKI or SPGM?
FTKI has an expense ratio of 0.85% while SPGM charges 0.09%. SPGM is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, FTKI or SPGM?
Over the past year FTKI returned +20.91% vs +25.40% for SPGM, so SPGM leads on 1-year performance. Over the longest common window we track (2 years), FTKI annualized +13.55% vs +9.96% for SPGM. Past performance does not guarantee future results.
Which is riskier, FTKI or SPGM?
SPGM has been the more volatile fund at 13.7% annualized versus 10.3% for FTKI. Worst drawdown: FTKI -15.2% vs SPGM -34.0%.
Should I hold both FTKI and SPGM?
FTKI and SPGM have a monthly-return correlation of 0.49, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FTKI and SPGM?
FTKI and SPGM share 45 common holdings with a 0.4% weight overlap. Combined, they hold 2945 unique securities.
Which pays a higher dividend, FTKI or SPGM?
FTKI yields 12.53% while SPGM yields 1.80%, so FTKI currently pays the higher dividend yield.
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