Bitwise MARA Option Income Strategy ETF (IMRA) 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 IMRA. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to IMRA
IMRA charges 0.98% annually. There are 132 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 | IMRA vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 303.13M | Mar 2024 | IMRA vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.59M | Sep 2024 | IMRA vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 185.18M | Apr 2024 | IMRA vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 768.95M | Jul 2024 | IMRA vs QQA |
Best Risk-Adjusted Alternatives to IMRA
IMRA has a PortfoliosLab risk / return rank of 5. There are 136 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 | IMRA vs CHPY | |
| SoFi Enhanced Yield ETF | 95 | 34.73M | Nov 2023 | IMRA vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 262.22M | Jul 2023 | IMRA vs GOOY | |
| YieldMax AMD Option Income Strategy ETF | 91 | 409.32M | Sep 2023 | IMRA vs AMDY | |
| Simplify Treasury Option Income ETF | 87 | 465.86M | Oct 2022 | IMRA vs BUCK |
Top Performing IMRA Alternatives (YTD)
IMRA is at 26.43% YTD. There are 12 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 | IMRA vs HOII | |
| REX CRWV Growth & Income ETF | 13,199.78% | 2.19M | Nov 2025 | IMRA vs CWII | |
| Roundhill ARM WeeklyPay ETF | 287.65% | 17.52M | Oct 2025 | IMRA vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 175.60% | 83.00M | Jul 2025 | IMRA vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 101.64% | 409.32M | Sep 2023 | IMRA vs AMDY |
Lowest Volatility Alternatives to IMRA
IMRA has 60.30% 1-year volatility. There are 246 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.98%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.98% | 465.86M | Oct 2022 | IMRA vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.86% | 90.05M | Feb 2025 | IMRA vs HYTI | |
| Main Buywrite ETF | 4.88% | 1.23B | Dec 2015 | IMRA vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.11% | 292.66M | Feb 2025 | IMRA vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 5.50% | 50.16M | Aug 2021 | IMRA vs XRMI |
Lowest Drawdown Alternatives to IMRA
IMRA has a 1-year max drawdown of -61.55%. There are 153 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 | IMRA vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.05M | Feb 2025 | IMRA vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.23B | Dec 2015 | IMRA vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | IMRA vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | IMRA 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 | -35.16% | 619.02M | Dec 2025 | IMRA vs BITW | |
| Bitwise Crypto Industry Innovators ETF | Blockchain, Technology Equities | 21 | 27.95% | 465.20M | May 2021 | IMRA vs BITQ | |
| Bitwise Bitcoin Strategy Optimum Roll ETF | Cryptocurrency | 4 | -0.66% | 17.91M | Mar 2023 | IMRA vs BITC | |
| Bitwise Ethereum Strategy ETF | Cryptocurrency | 6 | -17.82% | 9.37M | Sep 2023 | IMRA vs AETH | |
| Bitwise COIN Option Income Strategy ETF | Derivative Income | 2 | -26.00% | — | Apr 2025 | IMRA vs ICOI | |
| Bitwise Funds Trust | Derivative Income | 1 | -30.37% | — | Apr 2025 | IMRA vs IMST | |
| Bitwise Ethereum ETF | Cryptocurrency | 5 | -46.78% | 194.13M | Jul 2024 | IMRA vs ETHW | |
| Bitwise XRP ETF | Cryptocurrency | — | -42.50% | 295.91M | Nov 2025 | IMRA vs XRP | |
| Bitwise Bitcoin Standard Corporations ETF | Blockchain | 4 | -14.02% | 22.23M | Mar 2025 | IMRA vs OWNB | |
| Bitwise Solana Staking ETF | Cryptocurrency | — | -45.43% | 582.55M | Oct 2025 | IMRA vs BSOL |
Often Compared With IMRA
Investors most often compare IMRA with MSTY, IETH, CLNK. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare IMRA with Any Fund or Stock
Compare IMRA with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair IMRA with funds that move differently
Bitwise MARA Option Income Strategy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to IMRA.
Explore IMRA Diversifiers