Proshares Russell 2000 High Income ETF (ITWO) 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 ITWO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ITWO
ITWO charges 0.55% annually. There are 46 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% | 29.05M | Nov 2024 | ITWO vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 329.53M | Mar 2024 | ITWO vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 46.39M | Sep 2024 | ITWO vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | ITWO vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 781.48M | Jul 2024 | ITWO vs QQA |
Best Risk-Adjusted Alternatives to ITWO
ITWO has a PortfoliosLab risk / return rank of 80. There are 32 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SoFi Enhanced Yield ETF | 96 | 34.73M | Nov 2023 | ITWO vs THTA | |
| Global X S&P 500 Covered Call ETF | 92 | 3.24B | Jun 2013 | ITWO vs XYLD | |
| Invesco S&P 500 BuyWrite ETF | 92 | 358.08M | Dec 2007 | ITWO vs PBP | |
| Simplify Treasury Option Income ETF | 91 | 489.70M | Oct 2022 | ITWO vs BUCK | |
| Global X Russell 2000 Covered Call ETF | 90 | 1.37B | Apr 2019 | ITWO vs RYLD |
Top Performing ITWO Alternatives (YTD)
ITWO is at 23.91% YTD. There are 14 ETFs in the Derivative Income category with higher YTD returns, going as high as 184.82%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 184.82% | 22.04M | Oct 2025 | ITWO vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 175.61% | 114.09M | Jul 2025 | ITWO vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 105.10% | 382.78M | Sep 2023 | ITWO vs AMDY | |
| YieldMax Target 12™ Semiconductor Option Income ET... | 70.13% | 64.01M | Dec 2024 | ITWO vs SOXY | |
| YieldMax MRNA Option Income Strategy ETF | 67.49% | 106.87M | Oct 2023 | ITWO vs MRNY |
Lowest Volatility Alternatives to ITWO
ITWO has 18.84% 1-year volatility. There are 148 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.47%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.47% | 489.70M | Oct 2022 | ITWO vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | 2.94% | 112.06M | Aug 2022 | ITWO vs HYGW | |
| Janus Henderson Equity Linked Moderate Income ETF | 3.69% | — | Apr 2026 | ITWO vs JELM | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.79% | 289.20M | Apr 2026 | ITWO vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.83% | 90.28M | Feb 2025 | ITWO vs HYTI |
Lowest Drawdown Alternatives to ITWO
ITWO has a 1-year max drawdown of -9.79%. There are 85 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.84%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -0.84% | 489.70M | Oct 2022 | ITWO vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | -1.82% | 112.06M | Aug 2022 | ITWO vs HYGW | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.28M | Feb 2025 | ITWO vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.30B | Dec 2015 | ITWO vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | ITWO vs THTA |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, QLD, BITO and span 10 categories. AUM among these funds goes as high as $33B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 45 | 42.48% | 32.83B | Feb 2010 | ITWO vs TQQQ | |
| ProShares Ultra QQQ | Leveraged Equities | 47 | 31.43% | 12.76B | Jun 2006 | ITWO vs QLD | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -27.98% | 1.41B | Oct 2021 | ITWO vs BITO | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 59 | 33.75% | 5.15B | Jun 2009 | ITWO vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 61 | 23.77% | 7.81B | Jun 2006 | ITWO vs SSO | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 56 | 71.41% | 2.47B | Jan 2007 | ITWO vs USD | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 46 | 12.94% | 11.68B | Oct 2013 | ITWO vs NOBL | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -44.29% | 2.00B | Feb 2010 | ITWO vs SQQQ | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 49 | 14.23% | 394.37M | Mar 2024 | ITWO vs IQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 2 | -35.49% | 244.68M | Oct 2011 | ITWO vs UVXY |
Often Compared With ITWO
Investors most often compare ITWO with IWMI, IWM, GPIQ. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare ITWO with Any Fund or Stock
Compare ITWO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ITWO with funds that move differently
Proshares Russell 2000 High Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ITWO.
Explore ITWO Diversifiers