REX AI Equity Premium Income ETF (AIPI) 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 AIPI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to AIPI
AIPI charges 0.65% annually. There are 58 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% | 27.28M | Nov 2024 | AIPI vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 292.36M | Mar 2024 | AIPI vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 46.44M | Sep 2024 | AIPI vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 166.08M | Apr 2024 | AIPI vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 749.48M | Jul 2024 | AIPI vs QQA |
Best Risk-Adjusted Alternatives to AIPI
AIPI has a PortfoliosLab risk / return rank of 52. There are 68 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 97 | 1.02B | Apr 2025 | AIPI vs CHPY | |
| SoFi Enhanced Yield ETF | 92 | 34.73M | Nov 2023 | AIPI vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 298.09M | Jul 2023 | AIPI vs GOOY | |
| YieldMax TSM Option Income Strategy ETF | 90 | 117.86M | Aug 2024 | AIPI vs TSMY | |
| FT Vest Technology Dividend Target Income ETF | 90 | — | Aug 2023 | AIPI vs TDVI |
Top Performing AIPI Alternatives (YTD)
AIPI is at 11.58% YTD. There are 56 ETFs in the Derivative Income category with higher YTD returns, going as high as 347.83%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 347.83% | 14.71M | Oct 2025 | AIPI vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 178.71% | 90.88M | Jul 2025 | AIPI vs AMDW | |
| YieldMax Semiconductor Portfolio Option Income ETF | 83.68% | 1.02B | Apr 2025 | AIPI vs CHPY | |
| Defiance Oil Enhanced Options Income ETF | 59.86% | 62.15M | May 2024 | AIPI vs USOY | |
| REX IncomeMax Option Strategy ETF | 47.97% | 40.50M | Oct 2025 | AIPI vs ULTI |
Lowest Volatility Alternatives to AIPI
AIPI has 15.94% 1-year volatility. There are 107 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dividend Performers ETF | 0.00% | 20.88M | Dec 2018 | AIPI vs IPDP | |
| Innovator Index Autocallable Income Strategy ETF | 3.15% | — | Sep 2025 | AIPI vs ACII | |
| Simplify Treasury Option Income ETF | 3.22% | 438.06M | Oct 2022 | AIPI vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.83% | 90.68M | Feb 2025 | AIPI vs HYTI | |
| Main Buywrite ETF | 4.86% | 1.21B | Dec 2015 | AIPI vs BUYW |
Lowest Drawdown Alternatives to AIPI
AIPI has a 1-year max drawdown of -14.40%. There are 83 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% | 438.06M | Oct 2022 | AIPI vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.68M | Feb 2025 | AIPI vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.21B | Dec 2015 | AIPI vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | AIPI vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | AIPI vs OMAH |
Other ETFs from REX
The 10 most viewed REX ETFs shown here include FEPI, NVDX, NVII and span 7 categories. AUM among these funds goes as high as $733M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| REX FANG & Innovation Equity Premium Income ETF | Technology Equities | 59 | 11.26% | 733.17M | Oct 2023 | AIPI vs FEPI | |
| T-REX 2X Long NVIDIA Daily Target ETF | Leveraged Equities | 40 | 26.23% | 576.52M | Oct 2023 | AIPI vs NVDX | |
| REX NVDA Growth & Income ETF | Derivative Income | 62 | 19.51% | 101.19M | May 2025 | AIPI vs NVII | |
| REX TSLA Growth & Income ETF | Leveraged Equities, Derivative Income | — | -7.03% | 44.65M | Jun 2025 | AIPI vs TSII | |
| REX Crypto Equity Premium Income ETF | Cryptocurrency | 37 | 22.36% | — | Dec 2024 | AIPI vs CEPI | |
| REX Drone ETF | Aerospace & Defense | — | 33.88% | 101.41M | Oct 2025 | AIPI vs DRNZ | |
| MicroSectors Energy 3X Leveraged ETN | Leveraged Equities | 44 | 84.16% | 14.23M | Feb 2023 | AIPI vs WTIU | |
| T-REX 2X Long BMNR Daily Target ETF | Leveraged Equities | — | -72.70% | — | Sep 2025 | AIPI vs BMNU | |
| T-REX 2X Long Bitcoin Daily Target ETF | Leveraged Cryptocurrency | 2 | -50.51% | — | Jul 2024 | AIPI vs BTCL | |
| T-REX 2X Inverse MSTR Daily Target ETF | Inverse Equities, Leveraged Equities | 21 | -53.41% | 118.12M | Sep 2024 | AIPI vs MSTZ |
Often Compared With AIPI
Investors most often compare AIPI with YMAG, QQQI, GPTY. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare AIPI with Any Fund or Stock
Compare AIPI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair AIPI with funds that move differently
REX AI Equity Premium Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to AIPI.
Explore AIPI Diversifiers