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 123 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 | IMRA vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 46.44M | Sep 2024 | IMRA vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 292.36M | Mar 2024 | IMRA vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 166.08M | Apr 2024 | IMRA vs FYEE | |
| Invesco S&P 500 BuyWrite ETF | 0.29% | 344.74M | Dec 2007 | IMRA vs PBP |
Best Risk-Adjusted Alternatives to IMRA
IMRA has a PortfoliosLab risk / return rank of 5. There are 123 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 97 | 1.02B | Apr 2025 | IMRA vs CHPY | |
| SoFi Enhanced Yield ETF | 92 | 34.73M | Nov 2023 | IMRA vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 298.09M | Jul 2023 | IMRA vs GOOY | |
| Global X NASDAQ 100 Covered Call ETF | 88 | 8.41B | Dec 2013 | IMRA vs QYLD | |
| YieldMax TSM Option Income Strategy ETF | 88 | 117.86M | Aug 2024 | IMRA vs TSMY |
Top Performing IMRA Alternatives (YTD)
IMRA is at 30.26% YTD. There are 13 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 | IMRA vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 192.40% | 90.88M | Jul 2025 | IMRA vs AMDW | |
| YieldMax Semiconductor Portfolio Option Income ETF | 85.77% | 1.02B | Apr 2025 | IMRA vs CHPY | |
| Defiance Oil Enhanced Options Income ETF | 62.18% | 62.15M | May 2024 | IMRA vs USOY | |
| YieldMax MRNA Option Income Strategy ETF | 51.59% | 82.87M | Oct 2023 | IMRA vs MRNY |
Lowest Volatility Alternatives to IMRA
IMRA has 59.89% 1-year volatility. There are 234 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 | IMRA vs IPDP | |
| Simplify Treasury Option Income ETF | 3.14% | 438.06M | Oct 2022 | IMRA vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.83% | 90.68M | Feb 2025 | IMRA vs HYTI | |
| Main Buywrite ETF | 4.85% | 1.21B | Dec 2015 | IMRA vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.10% | 287.53M | Feb 2025 | IMRA vs LQTI |
Lowest Drawdown Alternatives to IMRA
IMRA has a 1-year max drawdown of -61.55%. There are 135 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% | 438.06M | Oct 2022 | IMRA vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.68M | Feb 2025 | IMRA vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.21B | 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 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 | IMRA vs BITC | |
| Bitwise Ethereum Strategy ETF | Cryptocurrency | 6 | -9.79% | 9.37M | Sep 2023 | IMRA vs AETH | |
| Bitwise COIN Option Income Strategy ETF | Derivative Income | 3 | -22.33% | — | Apr 2025 | IMRA vs ICOI | |
| Bitwise Funds Trust | Derivative Income | 1 | -14.98% | — | Apr 2025 | IMRA vs IMST | |
| Bitwise Ethereum ETF | Cryptocurrency | 5 | -39.45% | 270.25M | Jul 2024 | IMRA vs ETHW | |
| Bitwise Bitcoin And Ether Equal Weight Strategy ET... | Cryptocurrency | 5 | -0.19% | 5.75M | Sep 2023 | IMRA vs BTOP | |
| Bitwise XRP ETF | Cryptocurrency | — | -34.50% | 295.91M | Nov 2025 | IMRA vs XRP | |
| Bitwise Bitcoin Standard Corporations ETF | Blockchain | 5 | -1.56% | 22.23M | Mar 2025 | IMRA vs OWNB | |
| Bitwise Ethereum Option Income Strategy ETF | Derivative Income | — | -33.82% | — | Oct 2025 | IMRA vs IETH | |
| Bitwise Chainlink ETF | Cryptocurrency | — | — | 6.68M | Jan 2026 | IMRA vs CLNK |
Often Compared With IMRA
Investors most often compare IMRA with MSTY, CRSH, PAPI. 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