Bitwise Funds Trust (IMST) 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 IMST. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to IMST
IMST charges 0.99% annually. There are 129 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 | IMST vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 292.36M | Mar 2024 | IMST vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 46.44M | Sep 2024 | IMST vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 166.08M | Apr 2024 | IMST vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 749.48M | Jul 2024 | IMST vs QQA |
Best Risk-Adjusted Alternatives to IMST
IMST has a PortfoliosLab risk / return rank of 1. There are 140 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 | IMST vs CHPY | |
| SoFi Enhanced Yield ETF | 92 | 34.73M | Nov 2023 | IMST vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 298.09M | Jul 2023 | IMST vs GOOY | |
| Global X NASDAQ 100 Covered Call ETF | 88 | 8.41B | Dec 2013 | IMST vs QYLD | |
| YieldMax TSM Option Income Strategy ETF | 88 | 117.86M | Aug 2024 | IMST vs TSMY |
Top Performing IMST Alternatives (YTD)
IMST is at -14.98% YTD. There are 193 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 | IMST vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 192.40% | 90.88M | Jul 2025 | IMST vs AMDW | |
| YieldMax Semiconductor Portfolio Option Income ETF | 85.77% | 1.02B | Apr 2025 | IMST vs CHPY | |
| Defiance Oil Enhanced Options Income ETF | 62.18% | 62.15M | May 2024 | IMST vs USOY | |
| YieldMax MRNA Option Income Strategy ETF | 51.59% | 82.87M | Oct 2023 | IMST vs MRNY |
Lowest Volatility Alternatives to IMST
IMST has 56.91% 1-year volatility. There are 227 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 | IMST vs IPDP | |
| Simplify Treasury Option Income ETF | 3.14% | 438.06M | Oct 2022 | IMST vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.83% | 90.68M | Feb 2025 | IMST vs HYTI | |
| Main Buywrite ETF | 4.85% | 1.21B | Dec 2015 | IMST vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.10% | 287.53M | Feb 2025 | IMST vs LQTI |
Lowest Drawdown Alternatives to IMST
IMST has a 1-year max drawdown of -69.86%. There are 138 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 | IMST vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.68M | Feb 2025 | IMST vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.21B | Dec 2015 | IMST vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | IMST vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | IMST 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 | IMST vs BITC | |
| Bitwise Ethereum Strategy ETF | Cryptocurrency | 6 | -9.79% | 9.37M | Sep 2023 | IMST vs AETH | |
| Bitwise COIN Option Income Strategy ETF | Derivative Income | 3 | -22.33% | — | Apr 2025 | IMST vs ICOI | |
| Bitwise Ethereum ETF | Cryptocurrency | 5 | -39.45% | 270.25M | Jul 2024 | IMST vs ETHW | |
| Bitwise Bitcoin And Ether Equal Weight Strategy ET... | Cryptocurrency | 5 | -0.19% | 5.75M | Sep 2023 | IMST vs BTOP | |
| Bitwise XRP ETF | Cryptocurrency | — | -34.50% | 295.91M | Nov 2025 | IMST vs XRP | |
| Bitwise Bitcoin Standard Corporations ETF | Blockchain | 5 | -1.56% | 22.23M | Mar 2025 | IMST vs OWNB | |
| Bitwise Ethereum Option Income Strategy ETF | Derivative Income | — | -33.82% | — | Oct 2025 | IMST vs IETH | |
| Bitwise MARA Option Income Strategy ETF | Derivative Income | 5 | 30.26% | 5.26M | Apr 2025 | IMST vs IMRA | |
| Bitwise Chainlink ETF | Cryptocurrency | — | — | 6.68M | Jan 2026 | IMST vs CLNK |
Often Compared With IMST
Investors most often compare IMST with MSTY, BTCI, MSII. These 19 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare IMST with Any Fund or Stock
Compare IMST with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair IMST with funds that move differently
Bitwise Funds Trust alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to IMST.
Explore IMST Diversifiers