Horizon Expedition Plus ETF (HBTA) 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 HBTA. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to HBTA
HBTA charges 0.85% annually. There are 116 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% | 29.05M | Nov 2024 | HBTA vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 329.53M | Mar 2024 | HBTA vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 46.39M | Sep 2024 | HBTA vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | HBTA vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 781.48M | Jul 2024 | HBTA vs QQA |
Best Risk-Adjusted Alternatives to HBTA
HBTA has a PortfoliosLab risk / return rank of 51. There are 94 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SoFi Enhanced Yield ETF | 96 | 34.73M | Nov 2023 | HBTA vs THTA | |
| Global X S&P 500 Covered Call ETF | 94 | 3.24B | Jun 2013 | HBTA vs XYLD | |
| Invesco S&P 500 BuyWrite ETF | 94 | 358.08M | Dec 2007 | HBTA vs PBP | |
| Simplify Treasury Option Income ETF | 93 | 489.70M | Oct 2022 | HBTA vs BUCK | |
| Global X Russell 2000 Covered Call ETF | 93 | 1.37B | Apr 2019 | HBTA vs RYLD |
Top Performing HBTA Alternatives (YTD)
HBTA is at 10.56% YTD. There are 79 ETFs in the Derivative Income category with higher YTD returns, going as high as 150.89%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill AMD WeeklyPay ETF | 150.89% | 114.09M | Jul 2025 | HBTA vs AMDW | |
| Roundhill ARM WeeklyPay ETF | 133.71% | 22.04M | Oct 2025 | HBTA vs ARMW | |
| YieldMax AMD Option Income Strategy ETF | 90.29% | 382.78M | Sep 2023 | HBTA vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 62.69% | 106.87M | Oct 2023 | HBTA vs MRNY | |
| YieldMax Target 12™ Semiconductor Option Income ET... | 59.66% | 64.01M | Dec 2024 | HBTA vs SOXY |
Lowest Volatility Alternatives to HBTA
HBTA has 19.87% 1-year volatility. There are 153 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.47%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.47% | 489.70M | Oct 2022 | HBTA vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | 2.94% | 112.06M | Aug 2022 | HBTA vs HYGW | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.76% | 289.20M | Apr 2026 | HBTA vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.81% | 90.28M | Feb 2025 | HBTA vs HYTI | |
| Main Buywrite ETF | 4.87% | 1.30B | Dec 2015 | HBTA vs BUYW |
Lowest Drawdown Alternatives to HBTA
HBTA has a 1-year max drawdown of -13.18%. There are 107 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% | 489.70M | Oct 2022 | HBTA vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | -1.82% | 112.06M | Aug 2022 | HBTA vs HYGW | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.28M | Feb 2025 | HBTA vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.30B | Dec 2015 | HBTA vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | HBTA vs THTA |
Other ETFs from Horizon
The 10 most viewed Horizon ETFs shown here include BCDF, MEDX, SPAQ and span 14 categories. AUM among these funds goes as high as $491M.
Often Compared With HBTA
Investors most often compare HBTA with TLTX, FLXN, BNDY. These 20 comparison targets span 15 categories, based on PortfoliosLab usage data.
Compare HBTA with Any Fund or Stock
Compare HBTA with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair HBTA with funds that move differently
Horizon Expedition Plus ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HBTA.
Explore HBTA Diversifiers