Invesco MSCI EAFE Income Advantage ETF (EFAA) 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 EFAA. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to EFAA
EFAA charges 0.39% annually. There are 30 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 | EFAA vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 303.13M | Mar 2024 | EFAA vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.59M | Sep 2024 | EFAA vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 185.18M | Apr 2024 | EFAA vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 768.95M | Jul 2024 | EFAA vs QQA |
Best Risk-Adjusted Alternatives to EFAA
EFAA has a PortfoliosLab risk / return rank of 48. There are 71 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 96 | 1.16B | Apr 2025 | EFAA vs CHPY | |
| SoFi Enhanced Yield ETF | 95 | 34.73M | Nov 2023 | EFAA vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 262.22M | Jul 2023 | EFAA vs GOOY | |
| YieldMax AMD Option Income Strategy ETF | 91 | 409.32M | Sep 2023 | EFAA vs AMDY | |
| Global X NASDAQ 100 Covered Call ETF | 88 | 8.44B | Dec 2013 | EFAA vs QYLD |
Top Performing EFAA Alternatives (YTD)
EFAA is at 6.79% YTD. There are 90 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 | EFAA vs HOII | |
| REX CRWV Growth & Income ETF | 13,199.78% | 2.19M | Nov 2025 | EFAA vs CWII | |
| Roundhill ARM WeeklyPay ETF | 274.37% | 17.52M | Oct 2025 | EFAA vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 184.89% | 83.00M | Jul 2025 | EFAA vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 105.82% | 409.32M | Sep 2023 | EFAA vs AMDY |
Lowest Volatility Alternatives to EFAA
EFAA has 12.41% 1-year volatility. There are 73 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.97%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.97% | 465.86M | Oct 2022 | EFAA vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.87% | 90.05M | Feb 2025 | EFAA vs HYTI | |
| Main Buywrite ETF | 4.84% | 1.23B | Dec 2015 | EFAA vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.09% | 292.66M | Feb 2025 | EFAA vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 5.50% | 50.16M | Aug 2021 | EFAA vs XRMI |
Lowest Drawdown Alternatives to EFAA
EFAA has a 1-year max drawdown of -10.14%. There are 76 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 | EFAA vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.05M | Feb 2025 | EFAA vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.23B | Dec 2015 | EFAA vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | EFAA vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | EFAA vs OMAH |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, SPMO, QQQM and span 12 categories. AUM among these funds goes as high as $493B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 64 | 16.89% | 493.17B | Mar 1999 | EFAA vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 80 | 34.38% | 21.99B | Oct 2015 | EFAA vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 64 | 16.89% | 101.29B | Oct 2020 | EFAA vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 61 | 11.44% | 92.57B | Apr 2003 | EFAA vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 96 | 97.25% | 3.22B | Jun 2021 | EFAA vs SOXQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 36 | 0.84% | 10.60B | May 2005 | EFAA vs XLG | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Blend Equities | 75 | 18.67% | 21.05B | Dec 2005 | EFAA vs SPHQ | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Large Cap Value Equities | 38 | 9.11% | 3.27B | Oct 2012 | EFAA vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 74 | 23.99% | 8.18B | Mar 2005 | EFAA vs XMMO | |
| Invesco Aerospace & Defense ETF | Aerospace & Defense, Industrials Equities | 41 | 9.73% | 8.26B | Oct 2005 | EFAA vs PPA |
Often Compared With EFAA
Investors most often compare EFAA with IDVO, VYMI, MAIIX. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare EFAA with Any Fund or Stock
Compare EFAA with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair EFAA with funds that move differently
Invesco MSCI EAFE Income Advantage ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EFAA.
Explore EFAA Diversifiers