FT Energy Income Partners Enhanced Income ETF (EIPI) 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 EIPI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to EIPI
EIPI charges 1.11% annually. There are 261 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 | EIPI vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 303.13M | Mar 2024 | EIPI vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.59M | Sep 2024 | EIPI vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 185.18M | Apr 2024 | EIPI vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 768.95M | Jul 2024 | EIPI vs QQA |
Best Risk-Adjusted Alternatives to EIPI
EIPI has a PortfoliosLab risk / return rank of 76. There are 14 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 95 | 1.16B | Apr 2025 | EIPI vs CHPY | |
| SoFi Enhanced Yield ETF | 94 | 34.73M | Nov 2023 | EIPI vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 262.22M | Jul 2023 | EIPI vs GOOY | |
| YieldMax AMD Option Income Strategy ETF | 90 | 409.32M | Sep 2023 | EIPI vs AMDY | |
| Simplify Treasury Option Income ETF | 86 | 465.86M | Oct 2022 | EIPI vs BUCK |
Top Performing EIPI Alternatives (YTD)
EIPI is at 14.45% YTD. There are 32 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 | EIPI vs HOII | |
| REX CRWV Growth & Income ETF | 13,199.78% | 2.19M | Nov 2025 | EIPI vs CWII | |
| Roundhill ARM WeeklyPay ETF | 297.09% | 17.52M | Oct 2025 | EIPI vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 176.01% | 83.00M | Jul 2025 | EIPI vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 101.34% | 409.32M | Sep 2023 | EIPI vs AMDY |
Lowest Volatility Alternatives to EIPI
EIPI has 9.69% 1-year volatility. There are 34 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.98%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.98% | 465.86M | Oct 2022 | EIPI vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.86% | 90.05M | Feb 2025 | EIPI vs HYTI | |
| Main Buywrite ETF | 4.84% | 1.23B | Dec 2015 | EIPI vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.11% | 292.66M | Feb 2025 | EIPI vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 5.52% | 50.16M | Aug 2021 | EIPI vs XRMI |
Lowest Drawdown Alternatives to EIPI
EIPI has a 1-year max drawdown of -4.77%. There are 9 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 | EIPI vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.05M | Feb 2025 | EIPI vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.23B | Dec 2015 | EIPI vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | EIPI vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | EIPI vs OMAH |
Other ETFs from First Trust
The 10 most viewed First Trust ETFs shown here include CIBR, GRID, NFTY and span 13 categories. AUM among these funds goes as high as $14B.
Often Compared With EIPI
Investors most often compare EIPI with MLPX, PEO, MLPD.L. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare EIPI with Any Fund or Stock
Compare EIPI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair EIPI with funds that move differently
FT Energy Income Partners Enhanced Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EIPI.
Explore EIPI Diversifiers