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 140 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 | ICRC vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 45.73M | Sep 2024 | ICRC vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 324.77M | Mar 2024 | ICRC vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | ICRC vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 787.43M | Jul 2024 | ICRC vs QQA |
Best Risk-Adjusted Alternatives to ICRC
Among 170 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 | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 96 | 474.96M | Oct 2022 | ICRC vs BUCK | |
| SoFi Enhanced Yield ETF | 95 | 34.73M | Nov 2023 | ICRC vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 246.95M | Jul 2023 | ICRC vs GOOY | |
| YieldMax Semiconductor Portfolio Option Income ETF | 91 | 1.16B | Apr 2025 | ICRC vs CHPY | |
| First Trust Nasdaq BuyWrite Income ETF | 91 | 938.31M | Jan 2014 | ICRC vs FTQI |
Top Performing ICRC Alternatives (YTD)
ICRC is at -29.17% YTD. There are 222 ETFs in the Derivative Income category with higher YTD returns, going as high as 163.57%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill AMD WeeklyPay ETF | 163.57% | 116.76M | Jul 2025 | ICRC vs AMDW | |
| Roundhill ARM WeeklyPay ETF | 161.70% | 27.86M | Oct 2025 | ICRC vs ARMW | |
| YieldMax AMD Option Income Strategy ETF | 97.19% | 443.39M | Sep 2023 | ICRC vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 80.55% | 127.56M | Oct 2023 | ICRC vs MRNY | |
| YieldMax Semiconductor Portfolio Option Income ETF | 63.11% | 1.16B | Apr 2025 | ICRC vs CHPY |
Lowest Volatility Alternatives to ICRC
ICRC has 68.27% 1-year volatility. There are 278 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.74%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.74% | 474.96M | Oct 2022 | ICRC vs BUCK | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.38% | 206.17M | Apr 2026 | ICRC vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.87% | 88.48M | Feb 2025 | ICRC vs HYTI | |
| Main Buywrite ETF | 4.84% | 1.26B | Dec 2015 | ICRC vs BUYW | |
| GraniteShares YieldBOOST 20Y+ Treasuries ETF | 4.95% | 726.94K | May 2026 | ICRC vs FIYY |
Lowest Drawdown Alternatives to ICRC
Among 170 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 | ICRC vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 88.48M | Feb 2025 | ICRC vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.26B | 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 BITW, BITQ, BITC and span 4 categories. AUM among these funds goes as high as $634M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Bitwise 10 Crypto Index ETF | Cryptocurrency | 3 | -29.46% | 619.02M | Dec 2025 | ICRC vs BITW | |
| Bitwise Crypto Industry Innovators ETF | Blockchain, Technology Equities | 11 | 13.42% | 399.21M | May 2021 | ICRC vs BITQ | |
| Bitwise Bitcoin Strategy Optimum Roll ETF | Cryptocurrency | 2 | 0.52% | 14.58M | Mar 2023 | ICRC vs BITC | |
| Bitwise Ethereum Strategy ETF | Cryptocurrency | 4 | -15.44% | 4.28M | Sep 2023 | ICRC vs AETH | |
| Bitwise COIN Option Income Strategy ETF | Derivative Income | 2 | -20.65% | 19.02M | Apr 2025 | ICRC vs ICOI | |
| Bitwise Funds Trust | Derivative Income | 1 | -30.70% | 8.58M | Apr 2025 | ICRC vs IMST | |
| Bitwise Ethereum ETF | Cryptocurrency | 4 | -36.95% | 188.14M | Jul 2024 | ICRC vs ETHW | |
| Bitwise XRP ETF | Cryptocurrency | — | -40.25% | 310.35M | Nov 2025 | ICRC vs XRP | |
| Bitwise Bitcoin Standard Corporations ETF | Blockchain | 2 | -19.73% | 14.79M | Mar 2025 | ICRC vs OWNB | |
| Bitwise Solana Staking ETF | Cryptocurrency | — | -37.20% | 634.09M | Oct 2025 | ICRC vs BSOL |
Often Compared With ICRC
Investors most often compare ICRC with GPIX, IETH, IPDP. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
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