TrueShares S&P Autocallable High Income ETF (PAYH) 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 PAYH. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PAYH
PAYH charges 0.74% annually. There are 77 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 | PAYH vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 46.44M | Sep 2024 | PAYH vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 292.36M | Mar 2024 | PAYH vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 166.08M | Apr 2024 | PAYH vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 749.48M | Jul 2024 | PAYH vs QQA |
Best Risk-Adjusted Alternatives to PAYH
Among 142 ETFs in the Derivative Income category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 97 | 1.02B | Apr 2025 | PAYH vs CHPY | |
| YieldMax GOOGL Option Income Strategy ETF | 93 | 298.09M | Jul 2023 | PAYH vs GOOY | |
| SoFi Enhanced Yield ETF | 93 | 34.73M | Nov 2023 | PAYH vs THTA | |
| Global X NASDAQ 100 Covered Call ETF | 89 | 8.41B | Dec 2013 | PAYH vs QYLD | |
| YieldMax TSM Option Income Strategy ETF | 89 | 117.86M | Aug 2024 | PAYH vs TSMY |
Top Performing PAYH Alternatives (YTD)
PAYH is at 9.35% YTD. There are 77 ETFs in the Derivative Income category with higher YTD returns, going as high as 336.58%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 336.58% | 14.71M | Oct 2025 | PAYH vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 181.57% | 90.88M | Jul 2025 | PAYH vs AMDW | |
| YieldMax Semiconductor Portfolio Option Income ETF | 82.97% | 1.02B | Apr 2025 | PAYH vs CHPY | |
| Defiance Oil Enhanced Options Income ETF | 59.27% | 62.15M | May 2024 | PAYH vs USOY | |
| YieldMax MRNA Option Income Strategy ETF | 55.67% | 82.87M | Oct 2023 | PAYH vs MRNY |
Lowest Volatility Alternatives to PAYH
PAYH has 23.73% 1-year volatility. There are 144 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 | PAYH vs IPDP | |
| Simplify Treasury Option Income ETF | 3.14% | 438.06M | Oct 2022 | PAYH vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.82% | 90.68M | Feb 2025 | PAYH vs HYTI | |
| Main Buywrite ETF | 4.85% | 1.21B | Dec 2015 | PAYH vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.12% | 287.53M | Feb 2025 | PAYH vs LQTI |
Lowest Drawdown Alternatives to PAYH
Among 146 ETFs in the Derivative Income category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -1.31%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -1.31% | 438.06M | Oct 2022 | PAYH vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.68M | Feb 2025 | PAYH vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.21B | Dec 2015 | PAYH vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | PAYH vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | PAYH vs OMAH |
Other ETFs from TrueShares
The 10 most viewed TrueShares ETFs shown here include DIVZ, RNWZ, AUGZ and span 4 categories. AUM among these funds goes as high as $247M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Opal Dividend Income ETF | Large Cap Value Equities | 38 | 3.90% | 247.48M | Jan 2021 | PAYH vs DIVZ | |
| TrueShares Eagle Global Renewable Energy Income ET... | Energy Equities | 81 | 16.09% | 7.72M | Dec 2022 | PAYH vs RNWZ | |
| TrueShares Structured Outcome (August) ETF | Defined Outcome | 67 | 8.51% | 45.34M | Jul 2020 | PAYH vs AUGZ | |
| TrueShares Structured Outcome (September) ETF | Options Trading | 66 | 8.74% | 129.35M | Aug 2020 | PAYH vs SEPZ | |
| TrueShares Structured Outcome (March) ETF | Defined Outcome | 64 | 8.27% | 30.95M | Feb 2021 | PAYH vs MARZ | |
| TrueShares Structured Outcome (October) ETF | Defined Outcome | 67 | 8.61% | 45.43M | Sep 2020 | PAYH vs OCTZ | |
| TrueShares Structured Outcome (December) ETF | Defined Outcome | 64 | 8.47% | 36.44M | Nov 2020 | PAYH vs DECZ | |
| TrueShares Structured Outcome (April) ETF | Defined Outcome | 58 | 7.75% | 33.63M | Mar 2021 | PAYH vs APRZ | |
| Trueshares Structured Outcome (July) ETF | Options Trading | 64 | 9.08% | 34.23M | Jun 2020 | PAYH vs JULZ | |
| TrueShares Structured Outcome (June) ETF | Defined Outcome | 63 | 8.65% | 66.04M | May 2021 | PAYH vs JUNZ |
Often Compared With PAYH
Investors most often compare PAYH with DHSB, GOOP, GPIX. These 8 comparison targets span 4 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Day Hagan Smart Buffer ETF | Derivative Income | 66 | 4.66% | 39.66M | Feb 2025 | PAYH vs DHSB | |
| Kurv Yield Premium Strategy Google ETF | Derivative Income | 88 | 17.17% | 22.71M | Oct 2023 | PAYH vs GOOP | |
| Goldman Sachs S&P 500 Premium Income ETF | Derivative Income, S&P 500 | 79 | 10.24% | 4.25B | Oct 2023 | PAYH vs GPIX | |
| Invesco S&P 500 BuyWrite ETF | Derivative Income, S&P 500 | 83 | 5.03% | 344.74M | Dec 2007 | PAYH vs PBP | |
| Parametric Equity Premium Income ETF | Derivative Income | 38 | 6.49% | 388.80M | Oct 2023 | PAYH vs PAPI | |
| TrueShares Structured Outcome (January) ETF | Defined Outcome | 68 | 8.58% | 41.91M | Dec 2020 | PAYH vs JANZ | |
| Global X Treasury Bond Enhanced Income ETF | Government Bonds, Derivative Income | — | 0.25% | — | Jul 2025 | PAYH vs TLTX | |
| REX IncomeMax Option Strategy ETF | Derivative Income | — | 43.51% | 40.50M | Oct 2025 | PAYH vs ULTI |
Compare PAYH with Any Fund or Stock
Compare PAYH with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PAYH with funds that move differently
TrueShares S&P Autocallable High Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PAYH.
Explore PAYH Diversifiers