YieldMax S&P 500 0DTE Covered Call Strategy ETF (SDTY) 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 SDTY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SDTY
SDTY 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 | SDTY vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 45.73M | Sep 2024 | SDTY vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 324.77M | Mar 2024 | SDTY vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | SDTY vs FYEE | |
| Parametric Equity Premium Income ETF | 0.29% | 414.48M | Oct 2023 | SDTY vs PAPI |
Best Risk-Adjusted Alternatives to SDTY
SDTY has a PortfoliosLab risk / return rank of 62. There are 54 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SoFi Enhanced Yield ETF | 95 | 34.73M | Nov 2023 | SDTY vs THTA | |
| Simplify Treasury Option Income ETF | 95 | 474.96M | Oct 2022 | SDTY vs BUCK | |
| YieldMax Semiconductor Portfolio Option Income ETF | 94 | 1.16B | Apr 2025 | SDTY vs CHPY | |
| YieldMax AMD Option Income Strategy ETF | 93 | 443.39M | Sep 2023 | SDTY vs AMDY | |
| YieldMax GOOGL Option Income Strategy ETF | 93 | 246.95M | Jul 2023 | SDTY vs GOOY |
Top Performing SDTY Alternatives (YTD)
SDTY is at 8.35% YTD. There are 92 ETFs in the Derivative Income category with higher YTD returns, going as high as 207.86%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 207.86% | 27.86M | Oct 2025 | SDTY vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 184.48% | 116.76M | Jul 2025 | SDTY vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 109.12% | 443.39M | Sep 2023 | SDTY vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 89.76% | 127.56M | Oct 2023 | SDTY vs MRNY | |
| YieldMax Semiconductor Portfolio Option Income ETF | 70.96% | 1.16B | Apr 2025 | SDTY vs CHPY |
Lowest Volatility Alternatives to SDTY
SDTY has 11.65% 1-year volatility. There are 70 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 | SDTY vs BUCK | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.45% | 206.17M | Apr 2026 | SDTY vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.86% | 88.48M | Feb 2025 | SDTY vs HYTI | |
| Main Buywrite ETF | 4.86% | 1.26B | Dec 2015 | SDTY vs BUYW | |
| GraniteShares YieldBOOST 20Y+ Treasuries ETF | 5.08% | 726.94K | May 2026 | SDTY vs FIYY |
Lowest Drawdown Alternatives to SDTY
SDTY has a 1-year max drawdown of -8.02%. There are 51 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 | SDTY vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 88.48M | Feb 2025 | SDTY vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.26B | Dec 2015 | SDTY vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | SDTY vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | SDTY 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 SDTY
Investors most often compare SDTY with XDTE, SPY, QDTE. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare SDTY with Any Fund or Stock
Compare SDTY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SDTY with funds that move differently
YieldMax S&P 500 0DTE Covered Call Strategy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SDTY.
Explore SDTY Diversifiers