Parametric Equity Plus ETF (PEPS) Alternatives
Parametric Equity Plus ETF (PEPS) 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 PEPS. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to PEPS
PEPS charges 0.10% annually. Among ETFs in the Derivative Income category, these options have the lowest expense ratios among PEPS alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| iShares S&P 500 BuyWrite ETF | 0.25% | Mar 14, 2024 | PEPS vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | Sep 5, 2024 | PEPS vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | Apr 9, 2024 | PEPS vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | Jul 17, 2024 | PEPS vs QQA | |
| Parametric Equity Premium Income ETF | 0.29% | Oct 16, 2023 | PEPS vs PAPI |
Best Risk-Adjusted Alternatives to PEPS
Among ETFs in the Derivative Income category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 94 | Apr 2, 2025 | PEPS vs CHPY | |
| Peerless Option Income Wheel ETF | 93 | May 15, 2024 | PEPS vs WEEL | |
| YieldMax TSM Option Income Strategy ETF | 91 | Aug 20, 2024 | PEPS vs TSMY | |
| YieldMax GOOGL Option Income Strategy ETF | 90 | Jul 27, 2023 | PEPS vs GOOY | |
| Innovator Equity Premium Income Daily PutWrite ETF | 86 | Mar 13, 2025 | PEPS vs SPUT |
Top Performing PEPS Alternatives (YTD)
PEPS alternatives from the Derivative Income category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| YieldMax MRNA Option Income Strategy ETF | 63.36% | Oct 23, 2023 | PEPS vs MRNY | |
| Defiance Oil Enhanced Options Income ETF | 49.26% | May 9, 2024 | PEPS vs USOY | |
| YieldMax Semiconductor Portfolio Option Income ETF | 26.88% | Apr 2, 2025 | PEPS vs CHPY | |
| YieldMax TSM Option Income Strategy ETF | 20.19% | Aug 20, 2024 | PEPS vs TSMY | |
| Roundhill NFLX WeeklyPay ETF | 16.44% | Jun 18, 2025 | PEPS vs NFLW |
Lowest Volatility Alternatives to PEPS
PEPS alternatives from the Derivative Income category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Dividend Performers ETF | 0.00% | Dec 24, 2018 | PEPS vs IPDP | |
| FT Vest Investment Grade & Target Income ETF | 5.43% | Feb 11, 2025 | PEPS vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 5.70% | Aug 25, 2021 | PEPS vs XRMI | |
| Main Buywrite ETF | 5.86% | Dec 29, 2015 | PEPS vs BUYW | |
| Global X NASDAQ 100 Risk Managed Income ETF | 6.13% | Aug 25, 2021 | PEPS vs QRMI |
Lowest Drawdown Alternatives to PEPS
PEPS alternatives from the Derivative Income category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Main Buywrite ETF | -2.59% | Dec 29, 2015 | PEPS vs BUYW | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | Mar 4, 2025 | PEPS vs OMAH | |
| FT Vest Investment Grade & Target Income ETF | -3.41% | Feb 11, 2025 | PEPS vs LQTI | |
| Innovator Equity Premium Income Daily PutWrite ETF | -3.81% | Mar 13, 2025 | PEPS vs SPUT | |
| FT Energy Income Partners Enhanced Income ETF | -4.00% | Sep 27, 2011 | PEPS vs EIPI |
Other ETFs from Parametric
Most popular Parametric ETFs on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Parametric Hedged Equity ETF | Options Trading | 86 | 2.61% | Oct 16, 2023 | PEPS vs PHEQ |
Often Compared With PEPS
What investors most often compare with PEPS, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| YieldMax COIN Option Income Strategy ETF | Derivative Income | 5 | -13.27% | Aug 14, 2023 | PEPS vs CONY | |
| VistaShares Target 15 Druckenmiller Macro Distribu... | Derivative Income | — | -1.31% | Oct 8, 2025 | PEPS vs DRKY | |
| NEOS MSCI EAFE High Income ETF | Derivative Income | — | 3.99% | Sep 16, 2025 | PEPS vs NIHI | |
| Amplify CWP Growth & Income ETF | Derivative Income | 62 | 2.14% | Aug 22, 2024 | PEPS vs QDVO | |
| NEOS S&P 500 High Income ETF | Derivative Income, S&P 500 | 70 | 2.23% | Aug 29, 2022 | PEPS vs SPYI | |
| Roundhill Top WeeklyPay ETF | Derivative Income | — | 1.60% | Sep 3, 2025 | PEPS vs TOPW |
Compare PEPS with Any Fund or Stock
Compare PEPS with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.