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 92 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% | 29.05M | Nov 2024 | PAYM vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 329.53M | Mar 2024 | PAYM vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 46.39M | Sep 2024 | PAYM vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | PAYM vs FYEE | |
| Global X Treasury Bond Enhanced Income ETF | 0.29% | — | Jul 2025 | PAYM vs TLTX |
Best Risk-Adjusted Alternatives to PAYM
Among 200 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 | |
|---|---|---|---|---|---|
| SoFi Enhanced Yield ETF | 96 | 34.73M | Nov 2023 | PAYM vs THTA | |
| Global X S&P 500 Covered Call ETF | 92 | 3.24B | Jun 2013 | PAYM vs XYLD | |
| Invesco S&P 500 BuyWrite ETF | 92 | 358.08M | Dec 2007 | PAYM vs PBP | |
| Simplify Treasury Option Income ETF | 91 | 489.70M | Oct 2022 | PAYM vs BUCK | |
| Global X Russell 2000 Covered Call ETF | 90 | 1.37B | Apr 2019 | PAYM vs RYLD |
Top Performing PAYM Alternatives (YTD)
Among 264 ETFs in the Derivative Income category with YTD return data, the top-performing alternatives shown here go as high as 184.82%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 184.82% | 22.04M | Oct 2025 | PAYM vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 175.61% | 114.09M | Jul 2025 | PAYM vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 105.10% | 382.78M | Sep 2023 | PAYM vs AMDY | |
| YieldMax Target 12™ Semiconductor Option Income ET... | 70.13% | 64.01M | Dec 2024 | PAYM vs SOXY | |
| YieldMax MRNA Option Income Strategy ETF | 67.49% | 106.87M | Oct 2023 | PAYM vs MRNY |
Lowest Volatility Alternatives to PAYM
PAYM has 18.16% 1-year volatility. There are 139 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.47%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.47% | 489.70M | Oct 2022 | PAYM vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | 2.94% | 112.06M | Aug 2022 | PAYM vs HYGW | |
| Janus Henderson Equity Linked Moderate Income ETF | 3.69% | — | Apr 2026 | PAYM vs JELM | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.79% | 289.20M | Apr 2026 | PAYM vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.83% | 90.28M | Feb 2025 | PAYM vs HYTI |
Lowest Drawdown Alternatives to PAYM
Among 200 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% | 489.70M | Oct 2022 | PAYM vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | -1.82% | 112.06M | Aug 2022 | PAYM vs HYGW | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.28M | Feb 2025 | PAYM vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.30B | Dec 2015 | PAYM vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | PAYM vs THTA |
Other ETFs from TrueShares
The 10 most viewed TrueShares ETFs shown here include DIVZ, LRNZ, AUGZ and span 5 categories. AUM among these funds goes as high as $298M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Opal Dividend Income ETF | Large Cap Value Equities | 37 | 7.29% | 298.03M | Jan 2021 | PAYM vs DIVZ | |
| TrueShares Technology, AI & Deep Learning ETF | Artificial Intelligence, Large Cap Growth Equities | — | — | 38.43M | Feb 2020 | PAYM vs LRNZ | |
| TrueShares Structured Outcome (August) ETF | Defined Outcome | 60 | 9.66% | 42.74M | Jul 2020 | PAYM vs AUGZ | |
| TrueShares Structured Outcome (September) ETF | Options Trading | 63 | 10.46% | 127.95M | Aug 2020 | PAYM vs SEPZ | |
| TrueShares Structured Outcome (March) ETF | Defined Outcome | 60 | 9.77% | 32.62M | Feb 2021 | PAYM vs MARZ | |
| TrueShares Structured Outcome (October) ETF | Defined Outcome | 62 | 10.10% | 42.84M | Sep 2020 | PAYM vs OCTZ | |
| TrueShares Structured Outcome (December) ETF | Defined Outcome | 61 | 10.17% | 36.24M | Nov 2020 | PAYM vs DECZ | |
| TrueShares Structured Outcome (April) ETF | Defined Outcome | 53 | 9.36% | 32.65M | Mar 2021 | PAYM vs APRZ | |
| Trueshares Structured Outcome (July) ETF | Options Trading | 57 | 10.29% | 36.25M | Jun 2020 | PAYM vs JULZ | |
| TrueShares Structured Outcome (January) ETF | Defined Outcome | 64 | 10.22% | 40.85M | Dec 2020 | PAYM vs JANZ |
Often Compared With PAYM
Investors most often compare PAYM with JUNZ, GOOY, FIYY. These 10 comparison targets span 6 categories, based on PortfoliosLab usage data.
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