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 86 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% | 29.28M | Nov 2024 | PAYH vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 324.77M | Mar 2024 | PAYH vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.73M | Sep 2024 | PAYH vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | PAYH vs FYEE | |
| Invesco S&P 500 BuyWrite ETF | 0.29% | 352.13M | Dec 2007 | PAYH vs PBP |
Best Risk-Adjusted Alternatives to PAYH
Among 170 ETFs in the Derivative Income category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 96 | 474.96M | Oct 2022 | PAYH vs BUCK | |
| SoFi Enhanced Yield ETF | 95 | 34.73M | Nov 2023 | PAYH vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 246.95M | Jul 2023 | PAYH vs GOOY | |
| YieldMax Semiconductor Portfolio Option Income ETF | 91 | 1.16B | Apr 2025 | PAYH vs CHPY | |
| First Trust Nasdaq BuyWrite Income ETF | 91 | 938.31M | Jan 2014 | PAYH vs FTQI |
Top Performing PAYH Alternatives (YTD)
PAYH is at 9.58% YTD. There are 78 ETFs in the Derivative Income category with higher YTD returns, going as high as 163.57%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill AMD WeeklyPay ETF | 163.57% | 116.76M | Jul 2025 | PAYH vs AMDW | |
| Roundhill ARM WeeklyPay ETF | 161.70% | 27.86M | Oct 2025 | PAYH vs ARMW | |
| YieldMax AMD Option Income Strategy ETF | 97.19% | 443.39M | Sep 2023 | PAYH vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 80.55% | 127.56M | Oct 2023 | PAYH vs MRNY | |
| YieldMax Semiconductor Portfolio Option Income ETF | 63.11% | 1.16B | Apr 2025 | PAYH vs CHPY |
Lowest Volatility Alternatives to PAYH
PAYH has 21.79% 1-year volatility. There are 157 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.74%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.74% | 474.96M | Oct 2022 | PAYH vs BUCK | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.38% | 206.17M | Apr 2026 | PAYH vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.87% | 88.48M | Feb 2025 | PAYH vs HYTI | |
| Main Buywrite ETF | 4.84% | 1.26B | Dec 2015 | PAYH vs BUYW | |
| GraniteShares YieldBOOST 20Y+ Treasuries ETF | 4.95% | 726.94K | May 2026 | PAYH vs FIYY |
Lowest Drawdown Alternatives to PAYH
Among 170 ETFs in the Derivative Income category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.84%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -0.84% | 474.96M | Oct 2022 | PAYH vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 88.48M | Feb 2025 | PAYH vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.26B | 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, AUGZ, SEPZ and span 3 categories. AUM among these funds goes as high as $279M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Opal Dividend Income ETF | Large Cap Value Equities | 44 | 7.55% | 278.53M | Jan 2021 | PAYH vs DIVZ | |
| TrueShares Structured Outcome (August) ETF | Defined Outcome | 56 | 7.59% | 43.22M | Jul 2020 | PAYH vs AUGZ | |
| TrueShares Structured Outcome (September) ETF | Options Trading | 56 | 7.74% | 129.42M | Aug 2020 | PAYH vs SEPZ | |
| TrueShares Structured Outcome (March) ETF | Defined Outcome | 55 | 7.48% | 32.94M | Feb 2021 | PAYH vs MARZ | |
| TrueShares Structured Outcome (December) ETF | Defined Outcome | 55 | 7.64% | 36.61M | Nov 2020 | PAYH vs DECZ | |
| TrueShares Structured Outcome (October) ETF | Defined Outcome | 55 | 7.63% | 43.30M | Sep 2020 | PAYH vs OCTZ | |
| Trueshares Structured Outcome (July) ETF | Options Trading | 52 | 7.91% | 36.55M | Jun 2020 | PAYH vs JULZ | |
| TrueShares Structured Outcome (April) ETF | Defined Outcome | 48 | 6.91% | 32.99M | Mar 2021 | PAYH vs APRZ | |
| TrueShares Structured Outcome (January) ETF | Defined Outcome | 58 | 7.75% | 41.28M | Dec 2020 | PAYH vs JANZ | |
| TrueShares Structured Outcome (June) ETF | Defined Outcome | 56 | 8.02% | 30.73M | May 2021 | PAYH vs JUNZ |
Often Compared With PAYH
Investors most often compare PAYH with DHSB, LQTI, QYLD. These 18 comparison targets span 4 categories, based on PortfoliosLab usage data.
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