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 144 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% | 29.05M | Nov 2024 | IETH vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 46.39M | Sep 2024 | IETH vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 329.53M | Mar 2024 | IETH vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | IETH vs FYEE | |
| Global X Treasury Bond Enhanced Income ETF | 0.29% | — | Jul 2025 | IETH vs TLTX |
Best Risk-Adjusted Alternatives to IETH
Among 200 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 | IETH vs THTA | |
| Global X S&P 500 Covered Call ETF | 94 | 3.24B | Jun 2013 | IETH vs XYLD | |
| Invesco S&P 500 BuyWrite ETF | 94 | 358.08M | Dec 2007 | IETH vs PBP | |
| Simplify Treasury Option Income ETF | 93 | 489.70M | Oct 2022 | IETH vs BUCK | |
| Global X Russell 2000 Covered Call ETF | 93 | 1.37B | Apr 2019 | IETH vs RYLD |
Top Performing IETH Alternatives (YTD)
IETH is at -32.43% YTD. There are 244 ETFs in the Derivative Income category with higher YTD returns, going as high as 150.89%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill AMD WeeklyPay ETF | 150.89% | 114.09M | Jul 2025 | IETH vs AMDW | |
| Roundhill ARM WeeklyPay ETF | 133.71% | 22.04M | Oct 2025 | IETH vs ARMW | |
| YieldMax AMD Option Income Strategy ETF | 90.29% | 382.78M | Sep 2023 | IETH vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 62.69% | 106.87M | Oct 2023 | IETH vs MRNY | |
| YieldMax Target 12™ Semiconductor Option Income ET... | 59.66% | 64.01M | Dec 2024 | IETH vs SOXY |
Lowest Volatility Alternatives to IETH
IETH has 57.92% 1-year volatility. There are 279 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.47%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.47% | 489.70M | Oct 2022 | IETH vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | 2.94% | 112.06M | Aug 2022 | IETH vs HYGW | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.76% | 289.20M | Apr 2026 | IETH vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.81% | 90.28M | Feb 2025 | IETH vs HYTI | |
| Main Buywrite ETF | 4.87% | 1.30B | Dec 2015 | IETH vs BUYW |
Lowest Drawdown Alternatives to IETH
Among 200 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% | 489.70M | Oct 2022 | IETH vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | -1.82% | 112.06M | Aug 2022 | IETH vs HYGW | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.28M | Feb 2025 | IETH vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.30B | Dec 2015 | IETH vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | IETH vs THTA |
Other ETFs from Bitwise
The 10 most viewed Bitwise ETFs shown here include BITB, BITW, BITQ and span 4 categories. AUM among these funds goes as high as $2B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Bitwise Bitcoin ETF | Cryptocurrency | 2 | -27.14% | 2.31B | Jan 2024 | IETH vs BITB | |
| Bitwise 10 Crypto Index ETF | Cryptocurrency | 3 | -30.21% | 619.02M | Dec 2025 | IETH vs BITW | |
| Bitwise Crypto Industry Innovators ETF | Blockchain, Technology Equities | 22 | 18.16% | 382.12M | May 2021 | IETH vs BITQ | |
| Bitwise Bitcoin Strategy Optimum Roll ETF | Cryptocurrency | 2 | -1.71% | 14.34M | Mar 2023 | IETH vs BITC | |
| Bitwise Trendwise Ethereum and Treasuries Rotation... | Cryptocurrency | 3 | -15.81% | 4.61M | Sep 2023 | IETH vs AETH | |
| Bitwise COIN Option Income Strategy ETF | Derivative Income | 1 | -22.45% | 19.02M | Apr 2025 | IETH vs ICOI | |
| Bitwise Funds Trust | Derivative Income | 1 | -30.61% | 8.58M | Apr 2025 | IETH vs IMST | |
| Bitwise Ethereum ETF | Cryptocurrency | 4 | -37.19% | 196.02M | Jul 2024 | IETH vs ETHW | |
| Bitwise XRP ETF | Cryptocurrency | — | -41.18% | 315.70M | Nov 2025 | IETH vs XRP | |
| Bitwise Solana Staking ETF | Cryptocurrency | — | -38.35% | 588.17M | Oct 2025 | IETH vs BSOL |
Often Compared With IETH
Investors most often compare IETH with PAPI, OWNB, IPDP. 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