TrueShares S&P Autocallable Defensive Income ETF (PAYM) 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 PAYM. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PAYM
PAYM 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 | PAYM vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 45.73M | Sep 2024 | PAYM vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 324.77M | Mar 2024 | PAYM vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | PAYM vs FYEE | |
| Invesco S&P 500 BuyWrite ETF | 0.29% | 352.13M | Dec 2007 | PAYM vs PBP |
Best Risk-Adjusted Alternatives to PAYM
Among 169 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 | PAYM vs BUCK | |
| SoFi Enhanced Yield ETF | 96 | 34.73M | Nov 2023 | PAYM vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 94 | 246.95M | Jul 2023 | PAYM vs GOOY | |
| YieldMax Semiconductor Portfolio Option Income ETF | 94 | 1.16B | Apr 2025 | PAYM vs CHPY | |
| First Trust Nasdaq BuyWrite Income ETF | 92 | 938.31M | Jan 2014 | PAYM vs FTQI |
Top Performing PAYM Alternatives (YTD)
Among 247 ETFs in the Derivative Income category with YTD return data, the top-performing alternatives shown here go as high as 182.49%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 182.49% | 27.86M | Oct 2025 | PAYM vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 181.24% | 116.76M | Jul 2025 | PAYM vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 107.90% | 443.39M | Sep 2023 | PAYM vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 93.46% | 127.56M | Oct 2023 | PAYM vs MRNY | |
| YieldMax Semiconductor Portfolio Option Income ETF | 70.62% | 1.16B | Apr 2025 | PAYM vs CHPY |
Lowest Volatility Alternatives to PAYM
PAYM has 20.10% 1-year volatility. There are 149 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.80%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.80% | 474.96M | Oct 2022 | PAYM vs BUCK | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.41% | 206.17M | Apr 2026 | PAYM vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.86% | 88.48M | Feb 2025 | PAYM vs HYTI | |
| Main Buywrite ETF | 4.85% | 1.26B | Dec 2015 | PAYM vs BUYW | |
| GraniteShares YieldBOOST 20Y+ Treasuries ETF | 5.00% | 726.94K | May 2026 | PAYM vs FIYY |
Lowest Drawdown Alternatives to PAYM
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 | PAYM vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 88.48M | Feb 2025 | PAYM vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.26B | Dec 2015 | PAYM vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | PAYM vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | PAYM 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 | 39 | 5.79% | 278.53M | Jan 2021 | PAYM vs DIVZ | |
| TrueShares Structured Outcome (August) ETF | Defined Outcome | 59 | 8.18% | 43.22M | Jul 2020 | PAYM vs AUGZ | |
| TrueShares Structured Outcome (September) ETF | Options Trading | 58 | 8.19% | 129.42M | Aug 2020 | PAYM vs SEPZ | |
| TrueShares Structured Outcome (March) ETF | Defined Outcome | 57 | 7.89% | 32.94M | Feb 2021 | PAYM vs MARZ | |
| TrueShares Structured Outcome (December) ETF | Defined Outcome | 57 | 8.06% | 36.61M | Nov 2020 | PAYM vs DECZ | |
| TrueShares Structured Outcome (October) ETF | Defined Outcome | 59 | 8.05% | 43.30M | Sep 2020 | PAYM vs OCTZ | |
| Trueshares Structured Outcome (July) ETF | Options Trading | 55 | 8.37% | 36.55M | Jun 2020 | PAYM vs JULZ | |
| TrueShares Structured Outcome (April) ETF | Defined Outcome | 50 | 7.38% | 32.99M | Mar 2021 | PAYM vs APRZ | |
| TrueShares Structured Outcome (January) ETF | Defined Outcome | 61 | 8.19% | 41.28M | Dec 2020 | PAYM vs JANZ | |
| TrueShares Structured Outcome (June) ETF | Defined Outcome | 59 | 8.62% | 30.73M | May 2021 | PAYM vs JUNZ |
Compare PAYM with Any Fund or Stock
Compare PAYM with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PAYM with funds that move differently
TrueShares S&P Autocallable Defensive Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PAYM.
Explore PAYM Diversifiers