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 125 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% | 27.32M | Nov 2024 | IGME vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 303.13M | Mar 2024 | IGME vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.59M | Sep 2024 | IGME vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 185.18M | Apr 2024 | IGME vs FYEE | |
| Goldman Sachs S&P 500 Premium Income ETF | 0.29% | 4.27B | Oct 2023 | IGME vs GPIX |
Best Risk-Adjusted Alternatives to IGME
IGME has a PortfoliosLab risk / return rank of 10. There are 125 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 96 | 1.16B | Apr 2025 | IGME vs CHPY | |
| SoFi Enhanced Yield ETF | 95 | 34.73M | Nov 2023 | IGME vs THTA | |
| YieldMax AMD Option Income Strategy ETF | 91 | 409.32M | Sep 2023 | IGME vs AMDY | |
| YieldMax GOOGL Option Income Strategy ETF | 90 | 262.22M | Jul 2023 | IGME vs GOOY | |
| First Trust Nasdaq BuyWrite Income ETF | 86 | 908.39M | Jan 2014 | IGME vs FTQI |
Top Performing IGME Alternatives (YTD)
IGME is at 14.61% YTD. There are 32 ETFs in the Derivative Income category with higher YTD returns, going as high as 19,132.59%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| REX HOOD Growth & Income ETF | 19,132.59% | 1.44M | Nov 2025 | IGME vs HOII | |
| REX CRWV Growth & Income ETF | 13,199.78% | 2.19M | Nov 2025 | IGME vs CWII | |
| Roundhill ARM WeeklyPay ETF | 256.61% | 17.52M | Oct 2025 | IGME vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 176.52% | 83.00M | Jul 2025 | IGME vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 104.68% | 409.32M | Sep 2023 | IGME vs AMDY |
Lowest Volatility Alternatives to IGME
IGME has 27.27% 1-year volatility. There are 160 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.97%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.97% | 465.86M | Oct 2022 | IGME vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.89% | 90.05M | Feb 2025 | IGME vs HYTI | |
| Main Buywrite ETF | 4.85% | 1.23B | Dec 2015 | IGME vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.09% | 292.66M | Feb 2025 | IGME vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 5.50% | 50.16M | Aug 2021 | IGME vs XRMI |
Lowest Drawdown Alternatives to IGME
IGME has a 1-year max drawdown of -25.70%. There are 117 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -1.31%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -1.31% | 465.86M | Oct 2022 | IGME vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.05M | Feb 2025 | IGME vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.23B | 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 BITW, BITQ, BITC and span 4 categories. AUM among these funds goes as high as $619M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Bitwise 10 Crypto Index ETF | Cryptocurrency | 3 | -35.09% | 619.02M | Dec 2025 | IGME vs BITW | |
| Bitwise Crypto Industry Innovators ETF | Blockchain, Technology Equities | 18 | 26.19% | 465.20M | May 2021 | IGME vs BITQ | |
| Bitwise Bitcoin Strategy Optimum Roll ETF | Cryptocurrency | 4 | -0.51% | 17.91M | Mar 2023 | IGME vs BITC | |
| Bitwise Ethereum Strategy ETF | Cryptocurrency | 7 | -19.06% | 9.37M | Sep 2023 | IGME vs AETH | |
| Bitwise COIN Option Income Strategy ETF | Derivative Income | 2 | -26.26% | — | Apr 2025 | IGME vs ICOI | |
| Bitwise Funds Trust | Derivative Income | 1 | -37.71% | — | Apr 2025 | IGME vs IMST | |
| Bitwise Ethereum ETF | Cryptocurrency | 6 | -47.11% | 194.13M | Jul 2024 | IGME vs ETHW | |
| Bitwise XRP ETF | Cryptocurrency | — | -42.93% | 295.91M | Nov 2025 | IGME vs XRP | |
| Bitwise Bitcoin Standard Corporations ETF | Blockchain | 4 | -20.13% | 22.23M | Mar 2025 | IGME vs OWNB | |
| Bitwise Solana Staking ETF | Cryptocurrency | — | -39.51% | 582.55M | Oct 2025 | IGME vs BSOL |
Often Compared With IGME
Investors most often compare IGME with IMRA, USOY, IPDP. These 12 comparison targets span 5 categories, based on PortfoliosLab usage data.
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