YieldMax CVNA Option Income Strategy ETF (CVNY) 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 CVNY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CVNY
CVNY charges 0.99% annually. There are 146 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% | 29.28M | Nov 2024 | CVNY vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 324.77M | Mar 2024 | CVNY vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.73M | Sep 2024 | CVNY vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | CVNY vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 787.43M | Jul 2024 | CVNY vs QQA |
Best Risk-Adjusted Alternatives to CVNY
CVNY has a PortfoliosLab risk / return rank of 11. There are 129 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 96 | 474.96M | Oct 2022 | CVNY vs BUCK | |
| SoFi Enhanced Yield ETF | 95 | 34.73M | Nov 2023 | CVNY vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 246.95M | Jul 2023 | CVNY vs GOOY | |
| YieldMax Semiconductor Portfolio Option Income ETF | 91 | 1.16B | Apr 2025 | CVNY vs CHPY | |
| First Trust Nasdaq BuyWrite Income ETF | 91 | 938.31M | Jan 2014 | CVNY vs FTQI |
Top Performing CVNY Alternatives (YTD)
CVNY is at -12.76% YTD. There are 188 ETFs in the Derivative Income category with higher YTD returns, going as high as 163.57%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill AMD WeeklyPay ETF | 163.57% | 116.76M | Jul 2025 | CVNY vs AMDW | |
| Roundhill ARM WeeklyPay ETF | 161.70% | 27.86M | Oct 2025 | CVNY vs ARMW | |
| YieldMax AMD Option Income Strategy ETF | 97.19% | 443.39M | Sep 2023 | CVNY vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 80.55% | 127.56M | Oct 2023 | CVNY vs MRNY | |
| YieldMax Semiconductor Portfolio Option Income ETF | 63.11% | 1.16B | Apr 2025 | CVNY vs CHPY |
Lowest Volatility Alternatives to CVNY
CVNY has 50.34% 1-year volatility. There are 249 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.74%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.74% | 474.96M | Oct 2022 | CVNY vs BUCK | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.38% | 206.17M | Apr 2026 | CVNY vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.87% | 88.48M | Feb 2025 | CVNY vs HYTI | |
| Main Buywrite ETF | 4.84% | 1.26B | Dec 2015 | CVNY vs BUYW | |
| GraniteShares YieldBOOST 20Y+ Treasuries ETF | 4.95% | 726.94K | May 2026 | CVNY vs FIYY |
Lowest Drawdown Alternatives to CVNY
CVNY has a 1-year max drawdown of -36.27%. There are 139 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% | 474.96M | Oct 2022 | CVNY vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 88.48M | Feb 2025 | CVNY vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.26B | Dec 2015 | CVNY vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | CVNY vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | CVNY vs OMAH |
Other ETFs from YieldMax
The 10 most viewed YieldMax ETFs shown here include MSTY, ULTY, YMAX and span 6 categories. AUM among these funds goes as high as $1B.
Often Compared With CVNY
Investors most often compare CVNY with QQQI, CVNA, MSFO. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare CVNY with Any Fund or Stock
Compare CVNY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CVNY with funds that move differently
YieldMax CVNA Option Income Strategy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CVNY.
Explore CVNY Diversifiers