VistaShares Target 15™ Berkshire Select Income ETF (OMAH) 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 OMAH. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to OMAH
OMAH charges 0.95% annually. There are 110 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 | OMAH vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 292.36M | Mar 2024 | OMAH vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 46.44M | Sep 2024 | OMAH vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 166.08M | Apr 2024 | OMAH vs FYEE | |
| Invesco S&P 500 BuyWrite ETF | 0.29% | 344.74M | Dec 2007 | OMAH vs PBP |
Best Risk-Adjusted Alternatives to OMAH
OMAH has a PortfoliosLab risk / return rank of 49. There are 69 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 | OMAH vs CHPY | |
| SoFi Enhanced Yield ETF | 92 | 34.73M | Nov 2023 | OMAH vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 298.09M | Jul 2023 | OMAH vs GOOY | |
| Global X NASDAQ 100 Covered Call ETF | 88 | 8.41B | Dec 2013 | OMAH vs QYLD | |
| YieldMax TSM Option Income Strategy ETF | 88 | 117.86M | Aug 2024 | OMAH vs TSMY |
Top Performing OMAH Alternatives (YTD)
OMAH is at 4.56% YTD. There are 123 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 | OMAH vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 192.40% | 90.88M | Jul 2025 | OMAH vs AMDW | |
| YieldMax Semiconductor Portfolio Option Income ETF | 85.77% | 1.02B | Apr 2025 | OMAH vs CHPY | |
| Defiance Oil Enhanced Options Income ETF | 62.18% | 62.15M | May 2024 | OMAH vs USOY | |
| YieldMax MRNA Option Income Strategy ETF | 51.59% | 82.87M | Oct 2023 | OMAH vs MRNY |
Lowest Volatility Alternatives to OMAH
OMAH has 8.05% 1-year volatility. There are 20 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 | OMAH vs IPDP | |
| Simplify Treasury Option Income ETF | 3.14% | 438.06M | Oct 2022 | OMAH vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.83% | 90.68M | Feb 2025 | OMAH vs HYTI | |
| Main Buywrite ETF | 4.85% | 1.21B | Dec 2015 | OMAH vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.10% | 287.53M | Feb 2025 | OMAH vs LQTI |
Lowest Drawdown Alternatives to OMAH
OMAH has a 1-year max drawdown of -3.00%. There are 4 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 | OMAH vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.68M | Feb 2025 | OMAH vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.21B | Dec 2015 | OMAH vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | OMAH vs THTA | |
| Day Hagan Smart Buffer ETF | -3.32% | 39.66M | Feb 2025 | OMAH vs DHSB |
Other ETFs from VistaShares
The 7 most viewed VistaShares ETFs shown here include AIS, QUSA, DRKY and span 2 categories. AUM among these funds goes as high as $575M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| VistaShares Artificial Intelligence Supercycle ETF | Technology Equities | 97 | 118.61% | 574.75M | Dec 2024 | OMAH vs AIS | |
| VistaShares Target 15™ USA Quality Income ETF | Derivative Income | 14 | 9.83% | 19.18M | May 2025 | OMAH vs QUSA | |
| VistaShares Target 15 Druckenmiller Macro Distribu... | Derivative Income | — | -1.44% | 19.89M | Oct 2025 | OMAH vs DRKY | |
| VistaShares Target 15 ACKtivist Select Income ETF | Derivative Income | — | -2.20% | 53.17M | Sep 2025 | OMAH vs ACKY | |
| VistaShares Target 15 S&P 100 Distribution ETF | Derivative Income | — | 6.19% | 13.92M | Dec 2025 | OMAH vs SIOO | |
| VistaShares Target 15 TEPRTantrum Contrarian Distr... | Derivative Income | — | — | 2.53M | Feb 2026 | OMAH vs TPRY | |
| VistaShares BitBonds 5 Yr Enhanced Weekly Distribu... | Derivative Income | — | — | 1.96M | Feb 2026 | OMAH vs BTYB |
Often Compared With OMAH
Investors most often compare OMAH with QQQI, JEPQ, SCHD. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare OMAH with Any Fund or Stock
Compare OMAH with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair OMAH with funds that move differently
VistaShares Target 15™ Berkshire Select Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to OMAH.
Explore OMAH Diversifiers