The ETF aims to generate income by selling put options on leveraged ETFs linked to the 3x Long SPY Daily ETF.

NasdaqGM

YSPY

The ETF aims to achieve long-term capital appreciation by purchasing and holding Tesla common stock, including using leverage through cash borrowing, and generate distributions by writing covered call and/or cash covered put options on part of its portfolio, while hedging U.S. dollar currency exposure back to the Canadian dollar.

YTSL.NEO

The YieldMax Big Tech Option Income UCITS ETF is an actively managed ETF investing in a select portfolio of technology and technology-related companies while employing an options strategy to generate monthly income and capital appreciation.

XETRA

YYYY.DE

The ETF aims to provide exposure to the U.S. large capitalization equity market, such as the S&P 500 Index, through a mix of options and fixed income securities including preferred shares, either directly or through ETFs. The fund is non-diversified and utilizes call index options and other options to achieve its investment objectives.

NYSEArca

ZHDG

Toronto

ZWC.TO

The BMO Global High Dividend Covered Call ETF seeks to provide exposure to a portfolio of dividend-paying global companies, aiming to generate income and long-term capital appreciation while mitigating downside risk through the use of covered call options.

ZWG.TO

The ETF aims to provide exposure to a diversified, yield-weighted portfolio focused on dividend growth and sustainability while earning income through writing out-of-the-money covered call options based on implied volatility analysis. This strategy offers limited downside protection via option premiums, with dynamic portfolio rebalancing and rolling of options upon expiry.

ZWH.TO

The ETF seeks to provide exposure to a portfolio of dividend-paying European companies, aiming to generate income and long-term capital appreciation while mitigating downside risk through the use of covered call options.

ZWP.TO

BMO Covered Call Technology ETF aims to provide exposure to North American technology companies while generating income through writing out-of-the-money covered call options, selected based on implied volatility to offer some downside protection.

ZWT.TO

BMO Covered Call Utilities ETF aims to provide exposure to an equal weight portfolio of utilities, telecoms, and pipeline companies while generating income through writing out-of-the-money call options based on implied volatility, offering limited downside protection. The portfolio is rebalanced semi-annually, and options are rolled forward upon expiry.

Symbol	Full Name	Category	Inception	Expense Ratio	YTD Return	10Y Return (Annualized)	Dividend Yield	Risk / Return Rank
YSPY	GraniteShares YieldBOOST SPY ETF	Leveraged Equities, Derivative Income	Feb 25, 2025	1.07%	-6.54%	—	64.52%	29
YTSL.NEO	Tesla (TSLA) Yield Shares Purpose ETF	Derivative Income	Dec 19, 2022	1.65%	-20.27%	—	49.99%	59
YYYY.DE	YieldMax Big Tech Option Income UCITS ETF	Derivative Income	Mar 25, 2025	0.99%	-12.07%	—	25.06%	10
ZHDG	ZEGA Buy and Hedge ETF	Derivative Income	Jul 6, 2021	0.98%	-6.20%	—	2.73%	48
ZWC.TO	BMO CA High Dividend Covered Call ETF	Derivative Income	Feb 3, 2017	0.91%	7.07%	—	5.68%	93
ZWG.TO	BMO Global High Dividend Covered Call ETF	Derivative Income	Jan 15, 2020	0.65%	2.03%	—	6.34%	25
ZWH.TO	BMO US High Dividend Covered Call ETF	Derivative Income	Feb 9, 2014	0.65%	3.34%	8.93%	6.24%	30
ZWP.TO	BMO Covered Call Europe High Dividend ETF	Europe Equities, Derivative Income	Mar 1, 2018	0.65%	0.21%	—	6.31%	35
ZWT.TO	BMO Covered Call Technology ETF	Technology Equities, Derivative Income	Jan 19, 2021	0.71%	-5.79%	—	5.06%	45
ZWU.TO	BMO Covered Call Utilities ETF	Utilities Equities, Derivative Income	Oct 20, 2011	0.65%	11.63%	6.53%	6.92%	81

The Best Derivative Income ETFs

Risk vs. Return Scatterplot