Bitwise GME Option Income Strategy ETF (IGME) 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 IGME. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to IGME
IGME charges 0.96% annually. There are 120 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 | IGME vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 292.36M | Mar 2024 | IGME vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 46.44M | Sep 2024 | IGME vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 166.08M | Apr 2024 | IGME vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 749.48M | Jul 2024 | IGME vs QQA |
Best Risk-Adjusted Alternatives to IGME
Among 148 ETFs in the Derivative Income category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 95 | 1.02B | Apr 2025 | IGME vs CHPY | |
| YieldMax GOOGL Option Income Strategy ETF | 93 | 298.09M | Jul 2023 | IGME vs GOOY | |
| SoFi Enhanced Yield ETF | 93 | 34.73M | Nov 2023 | IGME vs THTA | |
| Kurv Yield Premium Strategy Google ETF | 88 | 22.71M | Oct 2023 | IGME vs GOOP | |
| Simplify Treasury Option Income ETF | 86 | 438.06M | Oct 2022 | IGME vs BUCK |
Top Performing IGME Alternatives (YTD)
IGME is at 12.57% YTD. There are 31 ETFs in the Derivative Income category with higher YTD returns, going as high as 272.94%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 272.94% | 14.71M | Oct 2025 | IGME vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 144.27% | 90.88M | Jul 2025 | IGME vs AMDW | |
| YieldMax Semiconductor Portfolio Option Income ETF | 65.44% | 1.02B | Apr 2025 | IGME vs CHPY | |
| Defiance Oil Enhanced Options Income ETF | 56.61% | 62.15M | May 2024 | IGME vs USOY | |
| YieldMax MRNA Option Income Strategy ETF | 47.14% | 82.87M | Oct 2023 | IGME vs MRNY |
Lowest Volatility Alternatives to IGME
IGME has 35.50% 1-year volatility. There are 192 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 | IGME vs IPDP | |
| Simplify Treasury Option Income ETF | 3.10% | 438.06M | Oct 2022 | IGME vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.87% | 90.68M | Feb 2025 | IGME vs HYTI | |
| Main Buywrite ETF | 4.88% | 1.21B | Dec 2015 | IGME vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.15% | 287.53M | Feb 2025 | IGME vs LQTI |
Lowest Drawdown Alternatives to IGME
Among 150 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 | IGME vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.68M | Feb 2025 | IGME vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.21B | Dec 2015 | IGME vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | IGME vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | IGME 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 | 7.07% | 17.91M | Mar 2023 | IGME vs BITC | |
| Bitwise Ethereum Strategy ETF | Cryptocurrency | 7 | -9.78% | 9.37M | Sep 2023 | IGME vs AETH | |
| Bitwise COIN Option Income Strategy ETF | Derivative Income | 3 | -27.03% | — | Apr 2025 | IGME vs ICOI | |
| Bitwise Funds Trust | Derivative Income | 1 | -18.88% | — | Apr 2025 | IGME vs IMST | |
| Bitwise Ethereum ETF | Cryptocurrency | 5 | -47.11% | 270.25M | Jul 2024 | IGME vs ETHW | |
| Bitwise Bitcoin And Ether Equal Weight Strategy ET... | Cryptocurrency | 6 | -0.19% | 5.75M | Sep 2023 | IGME vs BTOP | |
| Bitwise XRP ETF | Cryptocurrency | — | -40.20% | 295.91M | Nov 2025 | IGME vs XRP | |
| Bitwise Bitcoin Standard Corporations ETF | Blockchain | 5 | -11.30% | 22.23M | Mar 2025 | IGME vs OWNB | |
| Bitwise Ethereum Option Income Strategy ETF | Derivative Income | — | -41.48% | — | Oct 2025 | IGME vs IETH | |
| Bitwise MARA Option Income Strategy ETF | Derivative Income | 4 | 18.51% | 5.26M | Apr 2025 | IGME vs IMRA |
Often Compared With IGME
Investors most often compare IGME with GPIX. These 1 comparison targets span 2 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 | 72 | 7.85% | 4.25B | Oct 2023 | IGME vs GPIX |
Compare IGME with Any Fund or Stock
Compare IGME with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair IGME with funds that move differently
Bitwise GME Option Income Strategy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to IGME.
Explore IGME Diversifiers