RDVI ETF

FT Cboe Vest Rising Dividend Achievers Target Income ETF holds 50 dividend-growth stocks and sells S&P 500 call options for income. The RDVI ETF is well-diversified across holdings thanks to an equal-weight methodology, but it is overweight in financials. RDVI valuation, growth and quality metrics look attractive compared to the S&P 500 benchmark.

FT Cboe Vest Rising Dividend Achievers Target Income ETF combines a dividend growth portfolio and an index options strategy to provide income. It is overweight in financials, but well-diversified across holdings thanks to an equal-weight methodology. The fund has a short, but promising, track record among ETFs implementing a buy-write strategy with S&P 500 options.

The FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) aims to provide current income and capital appreciation. It carries a relatively high expense ratio of 0.75%. The fund has underperformed the S&P 500 on both an absolute and risk adjusted basis.