YieldMax Innovation Option Income Strategy ETF (OARK) belongs to the Options Trading category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with OARK. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to OARK
OARK charges 0.99% annually. There are 140 ETFs in the Options Trading category with lower expense ratios, going as low as 0.14%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Tax-Aware Collateral ETF | 0.14% | 1.21B | Apr 2026 | OARK vs CBOX | |
| Parametric Hedged Equity ETF | 0.29% | 139.40M | Oct 2023 | OARK vs PHEQ | |
| State Street Real Estate Select Sector SPDR Premiu... | 0.35% | 2.87M | Jul 2025 | OARK vs XLRI | |
| Simplify Hedged Equity ETF | 0.43% | 296.16M | Nov 2021 | OARK vs HEQT | |
| Castellan Targeted Income ETF | 0.45% | — | Jun 2025 | OARK vs CTIF |
Best Risk-Adjusted Alternatives to OARK
OARK has a PortfoliosLab risk / return rank of 16. There are 141 ETFs in the Options Trading category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - April | 99 | — | Mar 2024 | OARK vs LAPR | |
| Innovator Premium Income 30 Barrier ETF - April | 98 | 32.22M | Mar 2023 | OARK vs APRJ | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | 98 | 199.47M | May 2020 | OARK vs APRW | |
| PGIM US Large-Cap Buffer 20 ETF - April | 98 | — | Mar 2024 | OARK vs PBAP | |
| FT Cboe Vest U.S. Equity Enhance & Moderate Buffer... | 98 | 153.67M | Mar 2023 | OARK vs XMAR |
Top Performing OARK Alternatives (YTD)
OARK is at 3.34% YTD. There are 136 ETFs in the Options Trading category with higher YTD returns, going as high as 105.10%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax AMD Option Income Strategy ETF | 105.10% | 382.78M | Sep 2023 | OARK vs AMDY | |
| Defiance Oil Enhanced Options Income ETF | 37.86% | 64.41M | May 2024 | OARK vs USOY | |
| Simplify Piper Sandler US Small-Cap PLUS Income ET... | 20.54% | 6.72M | Apr 2025 | OARK vs LITL | |
| Defiance Nasdaq 100 Enhanced Options Income ETF | 17.47% | 180.69M | Sep 2023 | OARK vs QQQY | |
| Defiance R2000 Weekly Distribution ETF | 17.15% | 95.57M | Oct 2023 | OARK vs IWMY |
Lowest Volatility Alternatives to OARK
OARK has 28.90% 1-year volatility. There are 154 ETFs in the Options Trading category with lower 1-year volatility, going as low as 1.30%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - April | 1.30% | — | Mar 2024 | OARK vs LAPR | |
| Innovator Premium Income 30 Barrier ETF - April | 1.56% | 32.22M | Mar 2023 | OARK vs APRJ | |
| Alpha Architect Tail Risk ETF | 1.57% | 709.87M | Aug 2013 | OARK vs CAOS | |
| Innovator Premium Income 30 Barrier ETF - July | 1.68% | 13.68M | Jun 2023 | OARK vs JULJ | |
| FT Vest U.S. Equity Buffer & Premium Income ETF - ... | 2.06% | — | Mar 2024 | OARK vs XIMR |
Lowest Drawdown Alternatives to OARK
OARK has a 1-year max drawdown of -23.26%. There are 142 ETFs in the Options Trading category with shallower 1-year drawdowns, going as shallow as -0.36%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - April | -0.36% | — | Mar 2024 | OARK vs LAPR | |
| Innovator Premium Income 30 Barrier ETF - April | -0.40% | 32.22M | Mar 2023 | OARK vs APRJ | |
| Innovator Premium Income 30 Barrier ETF - July | -0.61% | 13.68M | Jun 2023 | OARK vs JULJ | |
| Alpha Architect Tail Risk ETF | -0.76% | 709.87M | Aug 2013 | OARK vs CAOS | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | -0.89% | 199.47M | May 2020 | OARK vs APRW |
Other ETFs from YieldMax
The 10 most viewed YieldMax ETFs shown here include MSTY, ULTY, YMAX and span 6 categories. AUM among these funds goes as high as $1B.
Often Compared With OARK
Investors most often compare OARK with ARKK, AIYY, FLJH. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare OARK with Any Fund or Stock
Compare OARK with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair OARK with funds that move differently
YieldMax Innovation Option Income Strategy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to OARK.
Explore OARK Diversifiers