First Trust Vest Growth Strength & Target Income ETF (FGSI) 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 FGSI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FGSI
FGSI charges 0.85% annually. There are 105 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 | FGSI vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 303.13M | Mar 2024 | FGSI vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.59M | Sep 2024 | FGSI vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 185.18M | Apr 2024 | FGSI vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 768.95M | Jul 2024 | FGSI vs QQA |
Best Risk-Adjusted Alternatives to FGSI
Among 163 ETFs in the Derivative Income category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 95 | 1.16B | Apr 2025 | FGSI vs CHPY | |
| SoFi Enhanced Yield ETF | 94 | 34.73M | Nov 2023 | FGSI vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 262.22M | Jul 2023 | FGSI vs GOOY | |
| YieldMax AMD Option Income Strategy ETF | 90 | 409.32M | Sep 2023 | FGSI vs AMDY | |
| Simplify Treasury Option Income ETF | 86 | 465.86M | Oct 2022 | FGSI vs BUCK |
Top Performing FGSI Alternatives (YTD)
FGSI is at 3.41% YTD. There are 128 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 | FGSI vs HOII | |
| REX CRWV Growth & Income ETF | 13,199.78% | 2.19M | Nov 2025 | FGSI vs CWII | |
| Roundhill ARM WeeklyPay ETF | 297.09% | 17.52M | Oct 2025 | FGSI vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 176.01% | 83.00M | Jul 2025 | FGSI vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 101.34% | 409.32M | Sep 2023 | FGSI vs AMDY |
Lowest Volatility Alternatives to FGSI
FGSI has 12.49% 1-year volatility. There are 74 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 | FGSI vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.86% | 90.05M | Feb 2025 | FGSI vs HYTI | |
| Main Buywrite ETF | 4.84% | 1.23B | Dec 2015 | FGSI vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.11% | 292.66M | Feb 2025 | FGSI vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 5.52% | 50.16M | Aug 2021 | FGSI vs XRMI |
Lowest Drawdown Alternatives to FGSI
Among 163 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% | 465.86M | Oct 2022 | FGSI vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.05M | Feb 2025 | FGSI vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.23B | Dec 2015 | FGSI vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | FGSI vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | FGSI 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 FGSI
Investors most often compare FGSI with YCS, GOOW, FAAR. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare FGSI with Any Fund or Stock
Compare FGSI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FGSI with funds that move differently
First Trust Vest Growth Strength & Target Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FGSI.
Explore FGSI Diversifiers