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 33 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 | EFAA vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 324.77M | Mar 2024 | EFAA vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.73M | Sep 2024 | EFAA vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | EFAA vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 787.43M | Jul 2024 | EFAA vs QQA |
Best Risk-Adjusted Alternatives to EFAA
EFAA has a PortfoliosLab risk / return rank of 52. There are 69 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 | EFAA vs BUCK | |
| SoFi Enhanced Yield ETF | 95 | 34.73M | Nov 2023 | EFAA vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 246.95M | Jul 2023 | EFAA vs GOOY | |
| YieldMax Semiconductor Portfolio Option Income ETF | 91 | 1.16B | Apr 2025 | EFAA vs CHPY | |
| First Trust Nasdaq BuyWrite Income ETF | 91 | 938.31M | Jan 2014 | EFAA vs FTQI |
Top Performing EFAA Alternatives (YTD)
EFAA is at 7.78% YTD. There are 98 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 | EFAA vs AMDW | |
| Roundhill ARM WeeklyPay ETF | 161.70% | 27.86M | Oct 2025 | EFAA vs ARMW | |
| YieldMax AMD Option Income Strategy ETF | 97.19% | 443.39M | Sep 2023 | EFAA vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 80.55% | 127.56M | Oct 2023 | EFAA vs MRNY | |
| YieldMax Semiconductor Portfolio Option Income ETF | 63.11% | 1.16B | Apr 2025 | EFAA vs CHPY |
Lowest Volatility Alternatives to EFAA
EFAA has 12.44% 1-year volatility. There are 78 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 | EFAA vs BUCK | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.38% | 206.17M | Apr 2026 | EFAA vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.87% | 88.48M | Feb 2025 | EFAA vs HYTI | |
| Main Buywrite ETF | 4.84% | 1.26B | Dec 2015 | EFAA vs BUYW | |
| GraniteShares YieldBOOST 20Y+ Treasuries ETF | 4.95% | 726.94K | May 2026 | EFAA vs FIYY |
Lowest Drawdown Alternatives to EFAA
EFAA has a 1-year max drawdown of -10.14%. There are 79 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 | EFAA vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 88.48M | Feb 2025 | EFAA vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.26B | 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 11 categories. AUM among these funds goes as high as $481B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 53 | 15.19% | 481.14B | Mar 1999 | EFAA vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 51 | 22.29% | 22.01B | Oct 2015 | EFAA vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 54 | 15.22% | 100.59B | Oct 2020 | EFAA vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 63 | 13.18% | 96.24B | Apr 2003 | EFAA vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 89 | 67.78% | 2.58B | Jun 2021 | EFAA vs SOXQ | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Blend Equities | 60 | 14.73% | 20.11B | Dec 2005 | EFAA vs SPHQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 37 | 4.04% | 10.85B | May 2005 | EFAA vs XLG | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Large Cap Value Equities | 46 | 13.60% | 3.29B | Oct 2012 | EFAA vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 47 | 14.42% | 7.45B | Mar 2005 | EFAA vs XMMO | |
| Invesco S&P International Developed Momentum ETF | Momentum, Foreign Large Cap Equities | 42 | 8.27% | 3.99B | Feb 2012 | EFAA vs IDMO |
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