Grayscale Bitcoin Premium Income ETF (BPI) 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 BPI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BPI
BPI charges 0.65% annually. There are 62 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% | 28.26M | Nov 2024 | BPI vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 307.07M | Mar 2024 | BPI vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.12M | Sep 2024 | BPI vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 185.18M | Apr 2024 | BPI vs FYEE | |
| Invesco S&P 500 BuyWrite ETF | 0.29% | 341.06M | Dec 2007 | BPI vs PBP |
Best Risk-Adjusted Alternatives to BPI
Among 169 ETFs in the Derivative Income category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 96 | 1.11B | Apr 2025 | BPI vs CHPY | |
| SoFi Enhanced Yield ETF | 96 | 34.73M | Nov 2023 | BPI vs THTA | |
| YieldMax AMD Option Income Strategy ETF | 92 | 413.17M | Sep 2023 | BPI vs AMDY | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 240.18M | Jul 2023 | BPI vs GOOY | |
| Global X NASDAQ 100 Covered Call ETF | 90 | 8.15B | Dec 2013 | BPI vs QYLD |
Top Performing BPI Alternatives (YTD)
Among 251 ETFs in the Derivative Income category with YTD return data, the top-performing alternatives shown here go as high as 19,132.59%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| REX HOOD Growth & Income ETF | 19,132.59% | 1.44M | Nov 2025 | BPI vs HOII | |
| REX CRWV Growth & Income ETF | 13,199.78% | 2.19M | Nov 2025 | BPI vs CWII | |
| Roundhill ARM WeeklyPay ETF | 265.63% | 22.82M | Oct 2025 | BPI vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 187.87% | 109.34M | Jul 2025 | BPI vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 108.74% | 413.17M | Sep 2023 | BPI vs AMDY |
Lowest Volatility Alternatives to BPI
BPI has 37.13% 1-year volatility. There are 218 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.93%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.93% | 470.81M | Oct 2022 | BPI vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.90% | 90.87M | Feb 2025 | BPI vs HYTI | |
| GraniteShares YieldBOOST Financials ETF | 4.58% | — | May 2026 | BPI vs FINY | |
| Main Buywrite ETF | 4.86% | 1.23B | Dec 2015 | BPI vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.11% | 293.75M | Feb 2025 | BPI vs LQTI |
Lowest Drawdown Alternatives to BPI
Among 169 ETFs in the Derivative Income category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -1.31%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -1.31% | 470.81M | Oct 2022 | BPI vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.87M | Feb 2025 | BPI vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.23B | Dec 2015 | BPI vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | BPI vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | BPI vs OMAH |
Other ETFs from Grayscale
The 10 most viewed Grayscale ETFs shown here include GBTC, ETHE, BTC and span 3 categories. AUM among these funds goes as high as $8B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Grayscale Bitcoin Trust ETF | Cryptocurrency | 2 | -31.58% | 8.23B | Jan 2024 | BPI vs GBTC | |
| Grayscale Ethereum Trust ETF | Cryptocurrency | 6 | -45.60% | 1.33B | Dec 2017 | BPI vs ETHE | |
| Grayscale Bitcoin Mini Trust ETF | Cryptocurrency | 2 | -31.09% | 3.26B | Jul 2024 | BPI vs BTC | |
| Grayscale CoinDesk Crypto 5 ETF | Cryptocurrency | 3 | -34.49% | 317.85M | Feb 2018 | BPI vs GDLC | |
| Grayscale Future of Finance ETF | Blockchain, Technology Equities | — | — | 6.70M | Feb 2022 | BPI vs GFOF | |
| Grayscale Ethereum Staking Mini ETF | Cryptocurrency | 6 | -44.98% | 1.35B | Jul 2024 | BPI vs ETH | |
| Grayscale Chainlink Trust ETF | Cryptocurrency, Blockchain | 4 | -39.14% | 73.42M | Feb 2021 | BPI vs GLNK | |
| Grayscale Ethereum Classic Trust (ETC) | Cryptocurrency, Blockchain | 3 | -38.79% | 141.12M | Apr 2017 | BPI vs ETCG | |
| Grayscale Litecoin Trust | Cryptocurrency | 4 | -45.08% | — | Aug 2020 | BPI vs LTCN | |
| Grayscale Bitcoin Miners ETF | Blockchain | 31 | 42.42% | 20.37M | Jan 2025 | BPI vs MNRS |
Compare BPI with Any Fund or Stock
Compare BPI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BPI with funds that move differently
Grayscale Bitcoin Premium Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BPI.
Explore BPI Diversifiers