Bitwise Ethereum Option Income Strategy ETF (IETH) 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 IETH. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to IETH
IETH charges 0.97% annually. There are 118 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 | IETH vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 46.44M | Sep 2024 | IETH vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 292.36M | Mar 2024 | IETH vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 166.08M | Apr 2024 | IETH vs FYEE | |
| Goldman Sachs S&P 500 Premium Income ETF | 0.29% | 4.25B | Oct 2023 | IETH vs GPIX |
Best Risk-Adjusted Alternatives to IETH
Among 139 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 | IETH vs CHPY | |
| SoFi Enhanced Yield ETF | 92 | 34.73M | Nov 2023 | IETH vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 298.09M | Jul 2023 | IETH vs GOOY | |
| Global X NASDAQ 100 Covered Call ETF | 88 | 8.41B | Dec 2013 | IETH vs QYLD | |
| YieldMax TSM Option Income Strategy ETF | 88 | 117.86M | Aug 2024 | IETH vs TSMY |
Top Performing IETH Alternatives (YTD)
IETH is at -33.82% YTD. There are 226 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 | IETH vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 192.40% | 90.88M | Jul 2025 | IETH vs AMDW | |
| YieldMax Semiconductor Portfolio Option Income ETF | 85.77% | 1.02B | Apr 2025 | IETH vs CHPY | |
| Defiance Oil Enhanced Options Income ETF | 62.18% | 62.15M | May 2024 | IETH vs USOY | |
| YieldMax MRNA Option Income Strategy ETF | 51.59% | 82.87M | Oct 2023 | IETH vs MRNY |
Lowest Volatility Alternatives to IETH
IETH has 59.79% 1-year volatility. There are 230 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 | IETH vs IPDP | |
| Simplify Treasury Option Income ETF | 3.14% | 438.06M | Oct 2022 | IETH vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.83% | 90.68M | Feb 2025 | IETH vs HYTI | |
| Main Buywrite ETF | 4.85% | 1.21B | Dec 2015 | IETH vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.10% | 287.53M | Feb 2025 | IETH vs LQTI |
Lowest Drawdown Alternatives to IETH
Among 139 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 | IETH vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.68M | Feb 2025 | IETH vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.21B | Dec 2015 | IETH vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | IETH vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | IETH 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 | IETH vs BITC | |
| Bitwise Ethereum Strategy ETF | Cryptocurrency | 6 | -9.79% | 9.37M | Sep 2023 | IETH vs AETH | |
| Bitwise COIN Option Income Strategy ETF | Derivative Income | 3 | -22.33% | — | Apr 2025 | IETH vs ICOI | |
| Bitwise Funds Trust | Derivative Income | 1 | -14.98% | — | Apr 2025 | IETH vs IMST | |
| Bitwise Ethereum ETF | Cryptocurrency | 5 | -39.45% | 270.25M | Jul 2024 | IETH vs ETHW | |
| Bitwise Bitcoin And Ether Equal Weight Strategy ET... | Cryptocurrency | 5 | -0.19% | 5.75M | Sep 2023 | IETH vs BTOP | |
| Bitwise XRP ETF | Cryptocurrency | — | -34.50% | 295.91M | Nov 2025 | IETH vs XRP | |
| Bitwise Bitcoin Standard Corporations ETF | Blockchain | 5 | -1.56% | 22.23M | Mar 2025 | IETH vs OWNB | |
| Bitwise MARA Option Income Strategy ETF | Derivative Income | 5 | 30.26% | 5.26M | Apr 2025 | IETH vs IMRA | |
| Bitwise Chainlink ETF | Cryptocurrency | — | — | 6.68M | Jan 2026 | IETH vs CLNK |
Often Compared With IETH
Investors most often compare IETH with PAPI, QRMI, ICRC. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare IETH with Any Fund or Stock
Compare IETH with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair IETH with funds that move differently
Bitwise Ethereum Option Income Strategy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to IETH.
Explore IETH Diversifiers