YieldMax SMCI Option Income Strategy ETF (SMCY) 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 SMCY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SMCY
SMCY charges 0.99% annually. There are 138 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% | 27.32M | Nov 2024 | SMCY vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 303.13M | Mar 2024 | SMCY vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.59M | Sep 2024 | SMCY vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 185.18M | Apr 2024 | SMCY vs FYEE | |
| Invesco S&P 500 BuyWrite ETF | 0.29% | 347.16M | Dec 2007 | SMCY vs PBP |
Best Risk-Adjusted Alternatives to SMCY
SMCY has a PortfoliosLab risk / return rank of 6. There are 135 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 96 | 1.16B | Apr 2025 | SMCY vs CHPY | |
| SoFi Enhanced Yield ETF | 95 | 34.73M | Nov 2023 | SMCY vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 262.22M | Jul 2023 | SMCY vs GOOY | |
| YieldMax AMD Option Income Strategy ETF | 91 | 409.32M | Sep 2023 | SMCY vs AMDY | |
| Global X NASDAQ 100 Covered Call ETF | 88 | 8.44B | Dec 2013 | SMCY vs QYLD |
Top Performing SMCY Alternatives (YTD)
SMCY is at -2.36% YTD. There are 159 ETFs in the Derivative Income category with higher YTD returns, going as high as 19,132.59%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| REX HOOD Growth & Income ETF | 19,132.59% | 1.44M | Nov 2025 | SMCY vs HOII | |
| REX CRWV Growth & Income ETF | 13,199.78% | 2.19M | Nov 2025 | SMCY vs CWII | |
| Roundhill ARM WeeklyPay ETF | 274.37% | 17.52M | Oct 2025 | SMCY vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 184.89% | 83.00M | Jul 2025 | SMCY vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 105.82% | 409.32M | Sep 2023 | SMCY vs AMDY |
Lowest Volatility Alternatives to SMCY
SMCY has 72.15% 1-year volatility. There are 261 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.97%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.97% | 465.86M | Oct 2022 | SMCY vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.87% | 90.05M | Feb 2025 | SMCY vs HYTI | |
| Main Buywrite ETF | 4.84% | 1.23B | Dec 2015 | SMCY vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.09% | 292.66M | Feb 2025 | SMCY vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 5.50% | 50.16M | Aug 2021 | SMCY vs XRMI |
Lowest Drawdown Alternatives to SMCY
SMCY has a 1-year max drawdown of -60.43%. There are 154 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -1.31%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -1.31% | 465.86M | Oct 2022 | SMCY vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.05M | Feb 2025 | SMCY vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.23B | Dec 2015 | SMCY vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | SMCY vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | SMCY 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 SMCY
Investors most often compare SMCY with SMCI, AMDL, XDTE. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare SMCY with Any Fund or Stock
Compare SMCY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SMCY with funds that move differently
YieldMax SMCI Option Income Strategy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SMCY.
Explore SMCY Diversifiers