Yieldmax PYPL Option Income Strategy ETF (PYPY) 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 PYPY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PYPY
PYPY charges 1.01% annually. There are 227 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 | PYPY vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 324.77M | Mar 2024 | PYPY vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.73M | Sep 2024 | PYPY vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | PYPY vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 787.43M | Jul 2024 | PYPY vs QQA |
Best Risk-Adjusted Alternatives to PYPY
PYPY has a PortfoliosLab risk / return rank of 2. There are 151 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SoFi Enhanced Yield ETF | 96 | 34.73M | Nov 2023 | PYPY vs THTA | |
| Simplify Treasury Option Income ETF | 95 | 474.96M | Oct 2022 | PYPY vs BUCK | |
| YieldMax Semiconductor Portfolio Option Income ETF | 95 | 1.16B | Apr 2025 | PYPY vs CHPY | |
| YieldMax AMD Option Income Strategy ETF | 94 | 443.39M | Sep 2023 | PYPY vs AMDY | |
| YieldMax GOOGL Option Income Strategy ETF | 93 | 246.95M | Jul 2023 | PYPY vs GOOY |
Top Performing PYPY Alternatives (YTD)
PYPY is at -18.47% YTD. There are 199 ETFs in the Derivative Income category with higher YTD returns, going as high as 192.73%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill AMD WeeklyPay ETF | 192.73% | 116.76M | Jul 2025 | PYPY vs AMDW | |
| Roundhill ARM WeeklyPay ETF | 185.60% | 27.86M | Oct 2025 | PYPY vs ARMW | |
| YieldMax AMD Option Income Strategy ETF | 113.61% | 443.39M | Sep 2023 | PYPY vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 91.45% | 127.56M | Oct 2023 | PYPY vs MRNY | |
| YieldMax Semiconductor Portfolio Option Income ETF | 74.58% | 1.16B | Apr 2025 | PYPY vs CHPY |
Lowest Volatility Alternatives to PYPY
PYPY has 33.83% 1-year volatility. There are 208 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 | PYPY vs BUCK | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.44% | 206.17M | Apr 2026 | PYPY vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.85% | 88.48M | Feb 2025 | PYPY vs HYTI | |
| Main Buywrite ETF | 4.85% | 1.26B | Dec 2015 | PYPY vs BUYW | |
| GraniteShares YieldBOOST 20Y+ Treasuries ETF | 5.05% | 726.94K | May 2026 | PYPY vs FIYY |
Lowest Drawdown Alternatives to PYPY
PYPY has a 1-year max drawdown of -47.14%. There are 145 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.84%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -0.84% | 474.96M | Oct 2022 | PYPY vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 88.48M | Feb 2025 | PYPY vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.26B | Dec 2015 | PYPY vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | PYPY vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | PYPY vs OMAH |
Other ETFs from YieldMax
The 10 most viewed YieldMax ETFs shown here include MSTY, ULTY, YMAX and span 6 categories. AUM among these funds goes as high as $1B.
Often Compared With PYPY
Investors most often compare PYPY with PYPL, FLMB, FKTIX. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare PYPY with Any Fund or Stock
Compare PYPY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PYPY with funds that move differently
Yieldmax PYPL Option Income Strategy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PYPY.
Explore PYPY Diversifiers