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 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 | HBTA vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 303.13M | Mar 2024 | HBTA vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.59M | Sep 2024 | HBTA vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 185.18M | Apr 2024 | HBTA vs FYEE | |
| Invesco S&P 500 BuyWrite ETF | 0.29% | 347.16M | Dec 2007 | HBTA vs PBP |
Best Risk-Adjusted Alternatives to HBTA
HBTA has a PortfoliosLab risk / return rank of 57. There are 51 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 | HBTA vs CHPY | |
| SoFi Enhanced Yield ETF | 94 | 34.73M | Nov 2023 | HBTA vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 262.22M | Jul 2023 | HBTA vs GOOY | |
| YieldMax AMD Option Income Strategy ETF | 90 | 409.32M | Sep 2023 | HBTA vs AMDY | |
| Simplify Treasury Option Income ETF | 86 | 465.86M | Oct 2022 | HBTA vs BUCK |
Top Performing HBTA Alternatives (YTD)
HBTA is at 10.13% YTD. There are 54 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 | HBTA vs HOII | |
| REX CRWV Growth & Income ETF | 13,199.78% | 2.19M | Nov 2025 | HBTA vs CWII | |
| Roundhill ARM WeeklyPay ETF | 297.09% | 17.52M | Oct 2025 | HBTA vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 176.01% | 83.00M | Jul 2025 | HBTA vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 101.34% | 409.32M | Sep 2023 | HBTA vs AMDY |
Lowest Volatility Alternatives to HBTA
HBTA has 18.28% 1-year volatility. There are 124 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 | HBTA vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.86% | 90.05M | Feb 2025 | HBTA vs HYTI | |
| Main Buywrite ETF | 4.84% | 1.23B | Dec 2015 | HBTA vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.11% | 292.66M | Feb 2025 | HBTA vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 5.52% | 50.16M | Aug 2021 | HBTA vs XRMI |
Lowest Drawdown Alternatives to HBTA
HBTA has a 1-year max drawdown of -13.18%. There are 87 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 | HBTA vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.05M | Feb 2025 | HBTA vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.23B | Dec 2015 | HBTA vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | HBTA vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | HBTA vs OMAH |
Other ETFs from Horizon
The 10 most viewed Horizon ETFs shown here include BCDF, MEDX, NVIR and span 10 categories. AUM among these funds goes as high as $411M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Horizon Kinetics Blockchain Development ETF | Cryptocurrency | 11 | -0.15% | 22.14M | Aug 2022 | HBTA vs BCDF | |
| Horizon Kinetics Medical ETF | Health & Biotech Equities | 60 | 4.95% | 17.61M | Sep 1999 | HBTA vs MEDX | |
| Horizon Kinetics Energy Remediation ETF | Energy Equities | 53 | 15.99% | 5.65M | Feb 2023 | HBTA vs NVIR | |
| Horizon Kinetics SPAC Active ETF | Health & Biotech Equities | 18 | 3.35% | 10.10M | Jun 2007 | HBTA vs SPAQ | |
| Horizon Landmark ETF | Ultrashort Bond | 98 | 1.64% | 210.01M | Jan 2025 | HBTA vs BENJ | |
| Horizon Kinetics Japan Owner Operator ETF | Japan Equities | 2 | -14.01% | — | May 2025 | HBTA vs JAPN | |
| Horizon International Managed Risk ETF | Tactical Allocation | — | 19.84% | 410.55M | Dec 2025 | HBTA vs SFTX | |
| Horizon NASDAQ-100 Defined Risk ETF | Equity Hedged, Nasdaq-100 | — | 11.58% | 79.22M | Jul 2025 | HBTA vs QGRD | |
| Horizon Small/Mid Cap Core Equity ETF | Mid Cap Blend Equities | — | 19.68% | 57.59M | Dec 2025 | HBTA vs SMOX | |
| Horizon Digital Frontier ETF | Technology Equities | — | 13.56% | 98.39M | Jul 2025 | HBTA vs YNOT |
Often Compared With HBTA
Investors most often compare HBTA with TLTX, DIVN, FLXN. These 20 comparison targets span 12 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