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 129 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 | HIYY vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 292.36M | Mar 2024 | HIYY vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 46.44M | Sep 2024 | HIYY vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 166.08M | Apr 2024 | HIYY vs FYEE | |
| Goldman Sachs S&P 500 Premium Income ETF | 0.29% | 4.25B | Oct 2023 | HIYY vs GPIX |
Best Risk-Adjusted Alternatives to HIYY
Among 143 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 | HIYY vs CHPY | |
| YieldMax GOOGL Option Income Strategy ETF | 93 | 298.09M | Jul 2023 | HIYY vs GOOY | |
| SoFi Enhanced Yield ETF | 93 | 34.73M | Nov 2023 | HIYY vs THTA | |
| Global X NASDAQ 100 Covered Call ETF | 89 | 8.41B | Dec 2013 | HIYY vs QYLD | |
| YieldMax TSM Option Income Strategy ETF | 89 | 117.86M | Aug 2024 | HIYY vs TSMY |
Top Performing HIYY Alternatives (YTD)
HIYY is at -13.75% YTD. There are 191 ETFs in the Derivative Income category with higher YTD returns, going as high as 363.23%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 363.23% | 14.71M | Oct 2025 | HIYY vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 192.40% | 90.88M | Jul 2025 | HIYY vs AMDW | |
| YieldMax Semiconductor Portfolio Option Income ETF | 82.97% | 1.02B | Apr 2025 | HIYY vs CHPY | |
| Defiance Oil Enhanced Options Income ETF | 59.27% | 62.15M | May 2024 | HIYY vs USOY | |
| YieldMax MRNA Option Income Strategy ETF | 55.67% | 82.87M | Oct 2023 | HIYY vs MRNY |
Lowest Volatility Alternatives to HIYY
HIYY has 85.65% 1-year volatility. There are 256 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 | HIYY vs IPDP | |
| Simplify Treasury Option Income ETF | 3.14% | 438.06M | Oct 2022 | HIYY vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.83% | 90.68M | Feb 2025 | HIYY vs HYTI | |
| Main Buywrite ETF | 4.85% | 1.21B | Dec 2015 | HIYY vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.10% | 287.53M | Feb 2025 | HIYY vs LQTI |
Lowest Drawdown Alternatives to HIYY
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 | HIYY vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.68M | Feb 2025 | HIYY vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.21B | 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 3 categories. AUM among these funds goes as high as $1B.
Often Compared With HIYY
Investors most often compare HIYY with DHSB, PAPI, GOOP. These 7 comparison targets span 4 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Day Hagan Smart Buffer ETF | Derivative Income | 63 | 4.21% | 39.66M | Feb 2025 | HIYY vs DHSB | |
| Parametric Equity Premium Income ETF | Derivative Income | 38 | 6.49% | 388.80M | Oct 2023 | HIYY vs PAPI | |
| Kurv Yield Premium Strategy Google ETF | Derivative Income | 88 | 17.17% | 22.71M | Oct 2023 | HIYY vs GOOP | |
| Roundhill GOOGL WeeklyPay™ ETF | Derivative Income, Leveraged Equities | — | 20.63% | 90.73M | Jul 2025 | HIYY vs GOOW | |
| Invesco S&P 500 BuyWrite ETF | Derivative Income, S&P 500 | 83 | 5.03% | 344.74M | Dec 2007 | HIYY vs PBP | |
| Invesco QQQ Income Advantage ETF | Derivative Income | 77 | 14.23% | 749.48M | Jul 2024 | HIYY vs QQA | |
| Global X Treasury Bond Enhanced Income ETF | Government Bonds, Derivative Income | — | -0.36% | — | Jul 2025 | HIYY vs TLTX |
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