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 153 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% | 29.05M | Nov 2024 | AAPW vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 46.39M | Sep 2024 | AAPW vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 329.53M | Mar 2024 | AAPW vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | AAPW vs FYEE | |
| Global X Treasury Bond Enhanced Income ETF | 0.29% | — | Jul 2025 | AAPW vs TLTX |
Best Risk-Adjusted Alternatives to AAPW
AAPW has a PortfoliosLab risk / return rank of 72. There are 62 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SoFi Enhanced Yield ETF | 96 | 34.73M | Nov 2023 | AAPW vs THTA | |
| Global X S&P 500 Covered Call ETF | 94 | 3.24B | Jun 2013 | AAPW vs XYLD | |
| Invesco S&P 500 BuyWrite ETF | 94 | 358.08M | Dec 2007 | AAPW vs PBP | |
| Simplify Treasury Option Income ETF | 93 | 489.70M | Oct 2022 | AAPW vs BUCK | |
| Global X Russell 2000 Covered Call ETF | 93 | 1.37B | Apr 2019 | AAPW vs RYLD |
Top Performing AAPW Alternatives (YTD)
AAPW is at 11.02% YTD. There are 73 ETFs in the Derivative Income category with higher YTD returns, going as high as 150.89%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill AMD WeeklyPay ETF | 150.89% | 114.09M | Jul 2025 | AAPW vs AMDW | |
| Roundhill ARM WeeklyPay ETF | 133.71% | 22.04M | Oct 2025 | AAPW vs ARMW | |
| YieldMax AMD Option Income Strategy ETF | 90.29% | 382.78M | Sep 2023 | AAPW vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 62.69% | 106.87M | Oct 2023 | AAPW vs MRNY | |
| YieldMax Target 12™ Semiconductor Option Income ET... | 59.66% | 64.01M | Dec 2024 | AAPW vs SOXY |
Lowest Volatility Alternatives to AAPW
AAPW has 31.52% 1-year volatility. There are 212 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.47%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.47% | 489.70M | Oct 2022 | AAPW vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | 2.94% | 112.06M | Aug 2022 | AAPW vs HYGW | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.76% | 289.20M | Apr 2026 | AAPW vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.81% | 90.28M | Feb 2025 | AAPW vs HYTI | |
| Main Buywrite ETF | 4.87% | 1.30B | Dec 2015 | AAPW vs BUYW |
Lowest Drawdown Alternatives to AAPW
AAPW has a 1-year max drawdown of -17.36%. There are 120 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.84%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -0.84% | 489.70M | Oct 2022 | AAPW vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | -1.82% | 112.06M | Aug 2022 | AAPW vs HYGW | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.28M | Feb 2025 | AAPW vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.30B | Dec 2015 | AAPW vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | AAPW vs THTA |
Other ETFs from Roundhill
The 10 most viewed Roundhill ETFs shown here include MAGS, QDTE, CHAT and span 8 categories. AUM among these funds goes as high as $25B.
Often Compared With AAPW
Investors most often compare AAPW with AAPL, NFLW, TSLW. These 20 comparison targets span 9 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