Bitwise CRCL Option Income Strategy ETF (ICRC) 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 ICRC. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ICRC
ICRC charges 0.98% annually. There are 123 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 | ICRC vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 46.44M | Sep 2024 | ICRC vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 292.36M | Mar 2024 | ICRC vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 166.08M | Apr 2024 | ICRC vs FYEE | |
| Invesco S&P 500 BuyWrite ETF | 0.29% | 344.74M | Dec 2007 | ICRC vs PBP |
Best Risk-Adjusted Alternatives to ICRC
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 | ICRC vs CHPY | |
| SoFi Enhanced Yield ETF | 92 | 34.73M | Nov 2023 | ICRC vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 298.09M | Jul 2023 | ICRC vs GOOY | |
| Global X NASDAQ 100 Covered Call ETF | 88 | 8.41B | Dec 2013 | ICRC vs QYLD | |
| YieldMax TSM Option Income Strategy ETF | 88 | 117.86M | Aug 2024 | ICRC vs TSMY |
Top Performing ICRC Alternatives (YTD)
ICRC is at -5.38% YTD. There are 168 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 | ICRC vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 192.40% | 90.88M | Jul 2025 | ICRC vs AMDW | |
| YieldMax Semiconductor Portfolio Option Income ETF | 85.77% | 1.02B | Apr 2025 | ICRC vs CHPY | |
| Defiance Oil Enhanced Options Income ETF | 62.18% | 62.15M | May 2024 | ICRC vs USOY | |
| YieldMax MRNA Option Income Strategy ETF | 51.59% | 82.87M | Oct 2023 | ICRC vs MRNY |
Lowest Volatility Alternatives to ICRC
ICRC has 67.59% 1-year volatility. There are 243 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 | ICRC vs IPDP | |
| Simplify Treasury Option Income ETF | 3.14% | 438.06M | Oct 2022 | ICRC vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.83% | 90.68M | Feb 2025 | ICRC vs HYTI | |
| Main Buywrite ETF | 4.85% | 1.21B | Dec 2015 | ICRC vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.10% | 287.53M | Feb 2025 | ICRC vs LQTI |
Lowest Drawdown Alternatives to ICRC
Among 142 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 | ICRC vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.68M | Feb 2025 | ICRC vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.21B | Dec 2015 | ICRC vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | ICRC vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | ICRC vs OMAH |
Other ETFs from Bitwise
The 10 most viewed Bitwise ETFs shown here include BITC, AETH, ICOI and span 3 categories. AUM among these funds goes as high as $296M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Bitwise Bitcoin Strategy Optimum Roll ETF | Cryptocurrency | 4 | 6.98% | 17.91M | Mar 2023 | ICRC vs BITC | |
| Bitwise Ethereum Strategy ETF | Cryptocurrency | 6 | -9.79% | 9.37M | Sep 2023 | ICRC vs AETH | |
| Bitwise COIN Option Income Strategy ETF | Derivative Income | 3 | -22.33% | — | Apr 2025 | ICRC vs ICOI | |
| Bitwise Funds Trust | Derivative Income | 1 | -14.98% | — | Apr 2025 | ICRC vs IMST | |
| Bitwise Ethereum ETF | Cryptocurrency | 5 | -39.45% | 270.25M | Jul 2024 | ICRC vs ETHW | |
| Bitwise Bitcoin And Ether Equal Weight Strategy ET... | Cryptocurrency | 5 | -0.19% | 5.75M | Sep 2023 | ICRC vs BTOP | |
| Bitwise XRP ETF | Cryptocurrency | — | -34.50% | 295.91M | Nov 2025 | ICRC vs XRP | |
| Bitwise Bitcoin Standard Corporations ETF | Blockchain | 5 | -1.56% | 22.23M | Mar 2025 | ICRC vs OWNB | |
| Bitwise Ethereum Option Income Strategy ETF | Derivative Income | — | -33.82% | — | Oct 2025 | ICRC vs IETH | |
| Bitwise MARA Option Income Strategy ETF | Derivative Income | 5 | 30.26% | 5.26M | Apr 2025 | ICRC vs IMRA |
Often Compared With ICRC
Investors most often compare ICRC with GPIX, GOOW, PAPI. These 9 comparison targets span 4 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Goldman Sachs S&P 500 Premium Income ETF | Derivative Income, S&P 500 | 75 | 9.91% | 4.25B | Oct 2023 | ICRC vs GPIX | |
| Roundhill GOOGL WeeklyPay™ ETF | Derivative Income, Leveraged Equities | — | 15.42% | 90.73M | Jul 2025 | ICRC vs GOOW | |
| Parametric Equity Premium Income ETF | Derivative Income | 33 | 5.81% | 388.80M | Oct 2023 | ICRC vs PAPI | |
| Day Hagan Smart Buffer ETF | Derivative Income | 63 | 4.21% | 39.66M | Feb 2025 | ICRC vs DHSB | |
| Kurv Yield Premium Strategy Google ETF | Derivative Income | 86 | 12.36% | 22.71M | Oct 2023 | ICRC vs GOOP | |
| Global X Treasury Bond Enhanced Income ETF | Government Bonds, Derivative Income | — | -0.36% | — | Jul 2025 | ICRC vs TLTX | |
| Invesco QQQ Income Advantage ETF | Derivative Income | 77 | 14.57% | 749.48M | Jul 2024 | ICRC vs QQA | |
| FT Energy Income Partners Enhanced Income ETF | Derivative Income | 75 | 14.55% | 1.05B | Sep 2011 | ICRC vs EIPI | |
| REX IncomeMax Option Strategy ETF | Derivative Income | — | 43.46% | 40.50M | Oct 2025 | ICRC vs ULTI |
Compare ICRC with Any Fund or Stock
Compare ICRC with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ICRC with funds that move differently
Bitwise CRCL Option Income Strategy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ICRC.
Explore ICRC Diversifiers