YieldMax HIMS Option Income Strategy ETF (HIYY) 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 HIYY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to HIYY
HIYY charges 0.99% annually. There are 145 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% | 29.28M | Nov 2024 | HIYY vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 324.77M | Mar 2024 | HIYY vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.73M | Sep 2024 | HIYY vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | HIYY vs FYEE | |
| Parametric Equity Premium Income ETF | 0.29% | 414.48M | Oct 2023 | HIYY vs PAPI |
Best Risk-Adjusted Alternatives to HIYY
Among 168 ETFs in the Derivative Income category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SoFi Enhanced Yield ETF | 96 | 34.73M | Nov 2023 | HIYY vs THTA | |
| YieldMax Semiconductor Portfolio Option Income ETF | 95 | 1.16B | Apr 2025 | HIYY vs CHPY | |
| YieldMax AMD Option Income Strategy ETF | 94 | 443.39M | Sep 2023 | HIYY vs AMDY | |
| YieldMax GOOGL Option Income Strategy ETF | 93 | 246.95M | Jul 2023 | HIYY vs GOOY | |
| Simplify Treasury Option Income ETF | 93 | 474.96M | Oct 2022 | HIYY vs BUCK |
Top Performing HIYY Alternatives (YTD)
HIYY is at 2.11% YTD. There are 147 ETFs in the Derivative Income category with higher YTD returns, going as high as 239.89%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 239.89% | 27.86M | Oct 2025 | HIYY vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 200.34% | 116.76M | Jul 2025 | HIYY vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 117.25% | 443.39M | Sep 2023 | HIYY vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 92.61% | 127.56M | Oct 2023 | HIYY vs MRNY | |
| YieldMax Semiconductor Portfolio Option Income ETF | 79.25% | 1.16B | Apr 2025 | HIYY vs CHPY |
Lowest Volatility Alternatives to HIYY
HIYY has 82.75% 1-year volatility. There are 285 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.87%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.87% | 474.96M | Oct 2022 | HIYY vs BUCK | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.47% | 206.17M | Apr 2026 | HIYY vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.85% | 88.48M | Feb 2025 | HIYY vs HYTI | |
| Main Buywrite ETF | 4.88% | 1.26B | Dec 2015 | HIYY vs BUYW | |
| GraniteShares YieldBOOST 20Y+ Treasuries ETF | 5.14% | 726.94K | May 2026 | HIYY vs FIYY |
Lowest Drawdown Alternatives to HIYY
Among 168 ETFs in the Derivative Income category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.84%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -0.84% | 474.96M | Oct 2022 | HIYY vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 88.48M | Feb 2025 | HIYY vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.26B | Dec 2015 | HIYY vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | HIYY vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | HIYY vs OMAH |
Other ETFs from YieldMax
The 10 most viewed YieldMax ETFs shown here include MSTY, ULTY, YMAX and span 6 categories. AUM among these funds goes as high as $1B.
Often Compared With HIYY
Investors most often compare HIYY with DHSB, QYLD, GPIX. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare HIYY with Any Fund or Stock
Compare HIYY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair HIYY with funds that move differently
YieldMax HIMS Option Income Strategy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HIYY.
Explore HIYY Diversifiers