FTQIvsPHEQETF Comparison
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First Trust Nasdaq BuyWrite Income ETF (FTQI) and Parametric Hedged Equity ETF (PHEQ) belong to the same industry segment: Options Strategies. FTQI's top 3 sector exposures are Technology, Consumer Non-Cyclicals and Healthcare. In contrast, PHEQ's top sector exposures are Technology, Finance and Consumer Non-Cyclicals. FTQI is more expensive with a Total Expense Ratio (TER) of 0.76%, versus 0.29% for PHEQ. FTQI is up 17.14% year-to-date (YTD) with +$145M in YTD flows. PHEQ performs worse with 8.67% YTD performance, and -$858K in YTD flows. Run a side-by-side ETF comparison of FTQI and PHEQ below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FTQI vs PHEQ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FTQI PHEQ | -1.21%+0.94% | +5.38%+3.03% | +17.14%+8.67% | +23.13%+11.77% | +60.45%n/a | +78.39%n/a |
| Flows | FTQI PHEQ | +$30M+$5M | +$66M+$7M | +$145M-$858K | +$189M+$31M | +$817M- | +$878M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTQI PHEQ | +11.34%+5.58% | +11.81%+6.63% | +14.26%n/a | +15.50%n/a |
| Max drawdown | FTQI PHEQ | -3.92%-1.73% | -5.23%-3.96% | -19.42%n/a | -19.42%n/a |
| Max drawdown duration | FTQI PHEQ | 13d19d | 69d86d | 170dn/a | 170dn/a |
Trading data
FTQI | PHEQ | |
Last sale 9/14/2026 at 1:30 PM | $22.00 | $35.22 |
| Previous close 09/11/2026 | $22.10 | $35.31 |
| Consolidated volume 09/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/14/2026 at 1:30 PM
Live
Closed
FTQI | PHEQ | |
|---|---|---|
| Last price | $22.00 | $35.22 |
| 1D performance | -0.45% | -0.24% |
| AuM | $954.76 M | $148.22 M |
| E/R | 0.76% | 0.29% |
Characteristics
FTQI | PHEQ | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | First Trust | Morgan Stanley |
| Benchmark | - | - |
| N° of holdings | 172 | 169 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 6, 2014 | October 19, 2023 |
| ESG | No | No |
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Exposure
Countries
FTQI
USA
88.96%
Other
11.04%
PHEQ
USA
100.61%
Other
-0.61%
Sectors
FTQI
Technology
48.86%
Consumer Non-Cycl.
12.85%
Healthcare
7.96%
Other
30.33%
PHEQ
Technology
45.18%
Finance
14.44%
Consumer Non-Cycl.
10.18%
Healthcare
9.19%
Industrials
7.28%
Other
13.74%
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Diversification
FTQI
Total weight of top 15 holdings out of 15
49.98%
PHEQ
Total weight of top 15 holdings out of 15
47.46%
Top 15 holdings
Data as of July 31, 2026
FTQI
Apple, Inc.
8.43%
NVIDIA Corp.
5.79%
Advanced Micro Devices, Inc.
4.38%
Amazon.com, Inc.
4.23%
Costco Wholesale Corp.
3.16%
Cisco Systems, Inc.
3.10%
Walmart, Inc.
2.79%
Tesla, Inc.
2.79%
Meta Platforms, Inc.
2.69%
Micron Technology, Inc.
2.32%
Palantir Technologies, Inc.
2.27%
Seagate Technology Holdings Plc
2.06%
Alphabet, Inc.
2.01%
Alphabet, Inc.
2.01%
Broadcom Inc.
1.95%
PHEQ
NVIDIA Corp.
7.65%
Apple, Inc.
7.46%
Microsoft Corp.
5.54%
Amazon.com, Inc.
4.39%
Alphabet, Inc.
3.43%
Broadcom Inc.
3.03%
Alphabet, Inc.
3.00%
Meta Platforms, Inc.
1.95%
JPMorgan Chase & Co.
1.83%
Eli Lilly & Co.
1.79%
Tesla, Inc.
1.60%
Micron Technology, Inc.
1.53%
Johnson & Johnson
1.45%
ExxonMobil Holdings Corp.
1.44%
Berkshire Hathaway, Inc.
1.37%
Frequently asked questions about FTQI and PHEQ
How have the FTQI and PHEQ ETFs performed in 2026?
As of September 10, 2026, FTQI is up 17.14% year-to-date (YTD), while PHEQ has returned 8.67%. That puts FTQI better performer ahead so far this year.
Which ETF is attracting more investor money: FTQI or PHEQ?
Year-to-date, the FTQI ETF saw +$145M in flows, compared to -$858K for PHEQ.
Which ETF is more volatile: FTQI or PHEQ?
Over the past year, FTQI had a volatility of 11.81%, while PHEQ experienced 6.63%.
Which ETF is bigger: FTQI or PHEQ?
As of September 10, 2026, FTQI holds $954.76 M in assets under management (AUM), while PHEQ manages $148.22 M.
What sectors do the FTQI and PHEQ ETFs invest in?
FTQI leans toward sectors like Technology, Consumer Non-Cyclicals and Healthcare. Meanwhile, PHEQ focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the FTQI ETF and PHEQ ETF?
FTQI top holdings include Apple, Inc., NVIDIA Corp. and Advanced Micro Devices, Inc.. PHEQ holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: FTQI or PHEQ?
FTQI holds 173 securities with 49.98% of its assets in the top 15. PHEQ has 171 securities and a top 15 weight of 47.46%.
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Latest news about FTQI & PHEQ
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