Hartford Equity Premium Income ETF (HEMI) 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 HEMI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to HEMI
HEMI charges 0.49% 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% | 27.28M | Nov 2024 | HEMI vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 46.44M | Sep 2024 | HEMI vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 292.36M | Mar 2024 | HEMI vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 166.08M | Apr 2024 | HEMI vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 749.48M | Jul 2024 | HEMI vs QQA |
Best Risk-Adjusted Alternatives to HEMI
Among 142 ETFs in the Derivative Income category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 97 | 1.02B | Apr 2025 | HEMI vs CHPY | |
| YieldMax GOOGL Option Income Strategy ETF | 93 | 298.09M | Jul 2023 | HEMI vs GOOY | |
| SoFi Enhanced Yield ETF | 93 | 34.73M | Nov 2023 | HEMI vs THTA | |
| Global X NASDAQ 100 Covered Call ETF | 89 | 8.41B | Dec 2013 | HEMI vs QYLD | |
| YieldMax TSM Option Income Strategy ETF | 89 | 117.86M | Aug 2024 | HEMI vs TSMY |
Top Performing HEMI Alternatives (YTD)
HEMI is at 8.46% YTD. There are 86 ETFs in the Derivative Income category with higher YTD returns, going as high as 336.58%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 336.58% | 14.71M | Oct 2025 | HEMI vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 181.57% | 90.88M | Jul 2025 | HEMI vs AMDW | |
| YieldMax Semiconductor Portfolio Option Income ETF | 82.97% | 1.02B | Apr 2025 | HEMI vs CHPY | |
| Defiance Oil Enhanced Options Income ETF | 59.27% | 62.15M | May 2024 | HEMI vs USOY | |
| YieldMax MRNA Option Income Strategy ETF | 55.67% | 82.87M | Oct 2023 | HEMI vs MRNY |
Lowest Volatility Alternatives to HEMI
HEMI has 12.49% 1-year volatility. There are 80 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dividend Performers ETF | 0.00% | 20.88M | Dec 2018 | HEMI vs IPDP | |
| Simplify Treasury Option Income ETF | 3.14% | 438.06M | Oct 2022 | HEMI vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.82% | 90.68M | Feb 2025 | HEMI vs HYTI | |
| Main Buywrite ETF | 4.85% | 1.21B | Dec 2015 | HEMI vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.12% | 287.53M | Feb 2025 | HEMI vs LQTI |
Lowest Drawdown Alternatives to HEMI
Among 146 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% | 438.06M | Oct 2022 | HEMI vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.68M | Feb 2025 | HEMI vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.21B | Dec 2015 | HEMI vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | HEMI vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | HEMI vs OMAH |
Other ETFs from Hartford Funds
The 1 most viewed Hartford Funds ETFs shown here include DYNB and span 1 categories. AUM among these funds goes as high as $55M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Hartford Dynamic Bond ETF | Multisector Bonds | — | 0.22% | 55.06M | Sep 2025 | HEMI vs DYNB |
Often Compared With HEMI
Investors most often compare HEMI with DHSB, EIPI, GOOP. These 11 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare HEMI with Any Fund or Stock
Compare HEMI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair HEMI with funds that move differently
Hartford Equity Premium Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HEMI.
Explore HEMI Diversifiers