The Best Derivative Income ETFs

The table below compares the performance and other essential indicators like dividend yield and expense ratio of Derivative Income ETFs.

Derivative Income ETFs and funds generate income by writing options — typically covered calls — on stocks, indexes, or other holdings, distributing the resulting premiums to shareholders. This strategy aims to produce higher current yields than the underlying assets alone, often appealing to income-focused investors, though it can cap upside participation during strong market rallies.

Number of ETFs: 288
Avg. Expense Ratio: 0.84%
Avg. Dividend Yield: 50.62%
Avg. 1 Year Return: 10.54%
Median Risk/Return Score: 40 / 100

94 results

Symbol	Full Name	Category	Inception	Expense Ratio	YTD Return	10Y Return (Annualized)	Dividend Yield	Risk / Return Rank
YCST.NEO	Costco (COST) Yield Shares Purpose ETF	Derivative Income	Feb 20, 2025	0.40%	10.90%	—	14.94%	8
YGOG.NEO	Alphabet (GOOGL) Yield Shares Purpose ETF	Derivative Income, Technology Equities	Dec 19, 2022	0.40%	9.19%	—	8.96%	91
YNVD.NEO	NVIDIA (NVDA) Yield Shares Purpose ETF	Derivative Income	Jan 18, 2024	1.94%	5.03%	—	21.20%	28
YPLT.NEO	Palantir (PLTR) Yield Shares Purpose ETF	Derivative Income, Technology Equities	Feb 20, 2025	0.40%	-30.16%	—	64.86%	9
YTSL.NEO	Tesla (TSLA) Yield Shares Purpose ETF	Derivative Income	Dec 19, 2022	1.65%	-8.15%	—	48.38%	37
ZWA.TO	BMO Covered Call Dow Jones Industrial Average Hedg...	Derivative Income	Oct 20, 2011	0.65%	5.64%	9.92%	5.65%	44
ZWB.TO	BMO Covered Call Canadian Banks ETF	Financials Equities, Derivative Income, Options Trading	Jan 28, 2011	0.72%	26.68%	13.45%	4.76%	97
ZWC.TO	BMO CA High Dividend Covered Call ETF	Derivative Income	Feb 3, 2017	0.91%	11.76%	—	5.73%	94
ZWG.TO	BMO Global High Dividend Covered Call ETF	Derivative Income	Jan 15, 2020	0.65%	13.69%	—	5.83%	75
ZWH.TO	BMO US High Dividend Covered Call ETF	Derivative Income	Feb 9, 2014	0.65%	12.86%	9.59%	5.87%	85
ZWP.TO	BMO Covered Call Europe High Dividend ETF	Europe Equities, Derivative Income	Mar 1, 2018	0.65%	6.29%	—	6.09%	40
ZWS.TO	BMO US High Dividend Covered Call Hedged to CAD ET...	Derivative Income	Mar 1, 2018	0.65%	8.24%	—	5.91%	60
ZWT.TO	BMO Covered Call Technology ETF	Technology Equities, Derivative Income	Jan 19, 2021	0.71%	16.57%	—	4.03%	52
ZWU.TO	BMO Covered Call Utilities ETF	Utilities Equities, Derivative Income	Oct 20, 2011	0.65%	11.73%	5.93%	7.04%	79

Best Derivative Income ETFs by Risk/Return Score

The top Derivative Income ETFs by PortfoliosLab Risk/Return Score are CHPY (96) and THTA (96). The score measures risk-adjusted performance over the past year, accounting for volatility, drawdown, and return consistency.

Symbol	Name	Risk / Return Rank	AUM	Inception
CHPY	YieldMax Semiconductor Portfolio Option Income ETF	96	1.11B	Apr 2025
THTA	SoFi Enhanced Yield ETF	96	34.73M	Nov 2023
AMDY	YieldMax AMD Option Income Strategy ETF	92	413.17M	Sep 2023
GOOY	YieldMax GOOGL Option Income Strategy ETF	92	240.18M	Jul 2023
QYLD	Global X NASDAQ 100 Covered Call ETF	90	8.15B	Dec 2013

Best-Performing Derivative Income ETFs Over 5 Years

The top Derivative Income ETFs is OVL (13.35%). Across the lineup, Derivative Income ETFs show an average 1-year return of 10.54% and an average 5-year return of 9.58%, providing a clearer view of performance across different investment horizons.

Symbol	Name	Return 5Y	AUM	Inception
OVL	Overlay Shares Large Cap Equity ETF	13.35%	182.90M	Sep 2019
QYLG	Global X Nasdaq 100 Covered Call & Growth ETF	12.28%	154.57M	Sep 2020
IGLD	FT Vest Gold Strategy Target Income ETF	12.25%	510.79M	Mar 2021
FTQI	First Trust Nasdaq BuyWrite Income ETF	11.36%	904.92M	Jan 2014
GLDI	UBS AG ETRACS Gold Shares Covered Call ETNs due Fe...	10.54%	167.37M	Jan 2013

Lowest-Cost Derivative Income ETFs

The top Derivative Income ETFs is PEPS (0.10%). With an average expense ratio of 0.84%, Derivative Income ETFs remain a low-cost option for investors seeking broad market exposure, sector allocations, and diversified portfolio building blocks.

Symbol	Name	Expense Ratio	AUM	Inception
PEPS	Parametric Equity Plus ETF	0.10%	28.26M	Nov 2024
IVVW	iShares S&P 500 BuyWrite ETF	0.25%	307.07M	Mar 2024
SPIN	State Street US Equity Premium Income ETF	0.25%	45.12M	Sep 2024
FYEE	Fidelity Yield Enhanced Equity ETF	0.28%	185.18M	Apr 2024
QQA	Invesco QQQ Income Advantage ETF	0.29%	751.17M	Jul 2024

Highest-Yield Derivative Income ETFs

The top Derivative Income ETFs is MST (1,472.86%). Across the lineup, Derivative Income ETFs show an average dividend yield of 50.62%, offering investors a steady stream of income through regular dividend payments, making them attractive for income-seeking portfolios.

Symbol	Name	Dividend Yield	AUM	Inception
MST	Defiance Leveraged Long Income MSTR ETF	1,472.86%	10.22M	May 2025
COYY	GraniteShares YieldBOOST COIN ETF	433.10%	21.94M	Jul 2025
MSTW	Roundhill MSTR WeeklyPay ETF	390.37%	31.77M	Jul 2025
MSTY	YieldMax™ MSTR Option Income Strategy ETF	327.47%	675.01M	Feb 2024
ICOI	Bitwise COIN Option Income Strategy ETF	304.41%	—	Apr 2025

Top ETFs Categories

Leveraged Equities · 528 ETFs Europe Equities · 513 ETFs Global Equities · 459 ETFs Asia Pacific Equities · 411 ETFs Large Cap Blend Equities · 409 ETFs Technology Equities · 379 ETFs Defined Outcome · 340 ETFs S&P 500 · 279 ETFs Large Cap Growth Equities · 233 ETFs Emerging Markets Equities · 220 ETFs Dividend · 215 ETFs Foreign Large Cap Equities · 208 ETFs Corporate Bonds · 198 ETFs Large Cap Value Equities · 177 ETFs Government Bonds · 174 ETFs Cryptocurrency · 171 ETFs High Yield Bonds · 167 ETFs Options Trading · 164 ETFs Precious Metals · 159 ETFs Municipal Bonds · 150 ETFs Energy Equities · 142 ETFs Health & Biotech Equities · 135 ETFs REIT · 130 ETFs Nasdaq-100 · 129 ETFs Diversified Portfolio · 119 ETFs Financials Equities · 118 ETFs European Government Bonds · 115 ETFs China Equities · 114 ETFs Japan Equities · 114 ETFs Gold · 112 ETFs

Top ETFs Comparisons

Compare the top ETFs symbols based on PortfoliosLab usage data.

Symbol name

HDIV.TO vs. XDIV.TO HDIV.TO vs. VDY.TO HDIV.TO vs. VFV.TO HDIV.TO vs. XIU.TO HDIV.TO vs. HHIC.TO HHIS.TO vs. HHIC.TO HHIS.TO vs. XEI.TO HHIS.TO vs. QDAY.NEO HHIS.TO vs. HTAE.TO HHIS.TO vs. MSTY HMAX.TO vs. HYLD HMAX.TO vs. ZEB.TO HMAX.TO vs. VDY.TO HMAX.TO vs. UMAX.TO HMAX.TO vs. VFV.TO BANK.TO vs. HCAL.TO BANK.TO vs. VDY.TO BANK.TO vs. RBNK.TO BANK.TO vs. VCN.TO BANK.TO vs. VEQT.TO HYLD.TO vs. VFV.TO HYLD.TO vs. USCL.TO HYLD.TO vs. XYLD HYLD.TO vs. XEQT.TO HYLD.TO vs. ZSP.TO MSTE.TO vs. MSTY MSTE.TO vs. MSTR MSTE.TO vs. BTC-USD MSTE.TO vs. IBIT MSTE.TO vs. USCL.TO ZWC.TO vs. VDY.TO ZWC.TO vs. XEI.TO ZWC.TO vs. ZDV.TO ZWC.TO vs. ZWH.TO ZWC.TO vs. ZLB.TO QQCL.TO vs. QQC.TO QQCL.TO vs. QQCC.TO QQCL.TO vs. HYLD QQCL.TO vs. QMAX.TO QQCL.TO vs. QYLD ZWB.TO vs. ZEB.TO ZWB.TO vs. VDY.TO ZWB.TO vs. VFV.TO ZWB.TO vs. XDIV.TO ZWB.TO vs. RBNK.TO HDIF.TO vs. XEQT.TO HDIF.TO vs. HTAE.TO HDIF.TO vs. MQQQ HDIF.TO vs. ZMMK.TO HDIF.TO vs. VDY.TO

Risk vs. Return Scatterplot

The Risk vs. Return Scatterplot allows you to quickly compare funds, stocks, and ETFs in one view. It displays the yearly return of an instrument on one axis and the risk (volatility) on the other.

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