AAPL WeeklyPay™ ETF (AAPW) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with AAPW. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to AAPW
AAPW charges 0.99% annually. There are 138 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 27.32M | Nov 2024 | AAPW vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 303.13M | Mar 2024 | AAPW vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.59M | Sep 2024 | AAPW vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 185.18M | Apr 2024 | AAPW vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 768.95M | Jul 2024 | AAPW vs QQA |
Best Risk-Adjusted Alternatives to AAPW
AAPW has a PortfoliosLab risk / return rank of 57. There are 49 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 95 | 1.16B | Apr 2025 | AAPW vs CHPY | |
| SoFi Enhanced Yield ETF | 94 | 34.73M | Nov 2023 | AAPW vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 262.22M | Jul 2023 | AAPW vs GOOY | |
| YieldMax AMD Option Income Strategy ETF | 90 | 409.32M | Sep 2023 | AAPW vs AMDY | |
| Simplify Treasury Option Income ETF | 86 | 465.86M | Oct 2022 | AAPW vs BUCK |
Top Performing AAPW Alternatives (YTD)
AAPW is at 8.31% YTD. There are 70 ETFs in the Derivative Income category with higher YTD returns, going as high as 19,132.59%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| REX HOOD Growth & Income ETF | 19,132.59% | 1.44M | Nov 2025 | AAPW vs HOII | |
| REX CRWV Growth & Income ETF | 13,199.78% | 2.19M | Nov 2025 | AAPW vs CWII | |
| Roundhill ARM WeeklyPay ETF | 297.09% | 17.52M | Oct 2025 | AAPW vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 176.01% | 83.00M | Jul 2025 | AAPW vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 101.34% | 409.32M | Sep 2023 | AAPW vs AMDY |
Lowest Volatility Alternatives to AAPW
AAPW has 27.73% 1-year volatility. There are 165 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.98%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.98% | 465.86M | Oct 2022 | AAPW vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.86% | 90.05M | Feb 2025 | AAPW vs HYTI | |
| Main Buywrite ETF | 4.84% | 1.23B | Dec 2015 | AAPW vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.11% | 292.66M | Feb 2025 | AAPW vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 5.52% | 50.16M | Aug 2021 | AAPW vs XRMI |
Lowest Drawdown Alternatives to AAPW
AAPW has a 1-year max drawdown of -17.36%. There are 99 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -1.31%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -1.31% | 465.86M | Oct 2022 | AAPW vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.05M | Feb 2025 | AAPW vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.23B | Dec 2015 | AAPW vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | AAPW vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | AAPW vs OMAH |
Other ETFs from Roundhill
The 10 most viewed Roundhill ETFs shown here include MAGS, QDTE, CHAT and span 7 categories. AUM among these funds goes as high as $16B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Roundhill Magnificent Seven ETF | Technology Equities, Large Cap Growth Equities | 25 | -4.28% | 3.78B | Apr 2023 | AAPW vs MAGS | |
| Roundhill Innovation-100 0DTE Covered Call Strateg... | Derivative Income, Options Trading | 64 | 12.61% | 864.88M | Mar 2024 | AAPW vs QDTE | |
| Roundhill Generative AI & Technology ETF | Technology Equities | 89 | 63.45% | 2.01B | May 2023 | AAPW vs CHAT | |
| Roundhill S&P 500 0DTE Covered Call Strategy ETF | Derivative Income, S&P 500 | 61 | 6.79% | 317.35M | Mar 2024 | AAPW vs XDTE | |
| Roundhill Bitcoin Covered Call Strategy ETF | Cryptocurrency | 2 | -26.15% | 128.93M | Jan 2024 | AAPW vs YBTC | |
| Roundhill Daily 2X Long Magnificent Seven ETF | Leveraged Equities | 19 | -13.73% | 65.45M | Feb 2024 | AAPW vs MAGX | |
| Roundhill Memory ETF | Technology Equities | — | — | 15.51B | Apr 2026 | AAPW vs DRAM | |
| PLTR WeeklyPay™ ETF | Derivative Income | 5 | -42.11% | 127.22M | Feb 2025 | AAPW vs PLTW | |
| Roundhill Magnificent Seven Covered Call ETF | Derivative Income | 11 | -7.53% | 147.97M | Apr 2025 | AAPW vs MAGY | |
| Roundhill NVDA WeeklyPay ETF | Derivative Income | 29 | 6.30% | 123.06M | Feb 2025 | AAPW vs NVDW |
Often Compared With AAPW
Investors most often compare AAPW with AAPL, NFLW, TSLW. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare AAPW with Any Fund or Stock
Compare AAPW with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair AAPW with funds that move differently
AAPL WeeklyPay™ ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to AAPW.
Explore AAPW Diversifiers