Amplify Solana 3% Monthly Option Income ETF (SOLM) 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 SOLM. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SOLM
SOLM charges 0.75% annually. There are 81 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% | 27.28M | Nov 2024 | SOLM vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 46.44M | Sep 2024 | SOLM vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 292.36M | Mar 2024 | SOLM vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 166.08M | Apr 2024 | SOLM vs FYEE | |
| Goldman Sachs S&P 500 Premium Income ETF | 0.29% | 4.25B | Oct 2023 | SOLM vs GPIX |
Best Risk-Adjusted Alternatives to SOLM
Among 143 ETFs in the Derivative Income category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 97 | 1.02B | Apr 2025 | SOLM vs CHPY | |
| YieldMax GOOGL Option Income Strategy ETF | 93 | 298.09M | Jul 2023 | SOLM vs GOOY | |
| SoFi Enhanced Yield ETF | 92 | 34.73M | Nov 2023 | SOLM vs THTA | |
| Global X NASDAQ 100 Covered Call ETF | 89 | 8.41B | Dec 2013 | SOLM vs QYLD | |
| YieldMax TSM Option Income Strategy ETF | 88 | 117.86M | Aug 2024 | SOLM vs TSMY |
Top Performing SOLM Alternatives (YTD)
SOLM is at -45.35% YTD. There are 237 ETFs in the Derivative Income category with higher YTD returns, going as high as 363.23%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 363.23% | 14.71M | Oct 2025 | SOLM vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 192.40% | 90.88M | Jul 2025 | SOLM vs AMDW | |
| YieldMax Semiconductor Portfolio Option Income ETF | 82.97% | 1.02B | Apr 2025 | SOLM vs CHPY | |
| Defiance Oil Enhanced Options Income ETF | 62.18% | 62.15M | May 2024 | SOLM vs USOY | |
| YieldMax MRNA Option Income Strategy ETF | 51.59% | 82.87M | Oct 2023 | SOLM vs MRNY |
Lowest Volatility Alternatives to SOLM
SOLM has 65.43% 1-year volatility. There are 242 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dividend Performers ETF | 0.00% | 20.88M | Dec 2018 | SOLM vs IPDP | |
| Simplify Treasury Option Income ETF | 3.14% | 438.06M | Oct 2022 | SOLM vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.83% | 90.68M | Feb 2025 | SOLM vs HYTI | |
| Main Buywrite ETF | 4.85% | 1.21B | Dec 2015 | SOLM vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.10% | 287.53M | Feb 2025 | SOLM vs LQTI |
Lowest Drawdown Alternatives to SOLM
Among 144 ETFs in the Derivative Income category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -1.31%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -1.31% | 438.06M | Oct 2022 | SOLM vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.68M | Feb 2025 | SOLM vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.21B | Dec 2015 | SOLM vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | SOLM vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | SOLM vs OMAH |
Other ETFs from Amplify
The 10 most viewed Amplify ETFs shown here include DIVO, QDVO, IDVO and span 10 categories. AUM among these funds goes as high as $7B.
Often Compared With SOLM
Investors most often compare SOLM with BSOL, DHSB, EIPI. These 9 comparison targets span 4 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Bitwise Solana Staking ETF | Cryptocurrency | — | -40.79% | 560.02M | Oct 2025 | SOLM vs BSOL | |
| Day Hagan Smart Buffer ETF | Derivative Income | 63 | 4.21% | 39.66M | Feb 2025 | SOLM vs DHSB | |
| FT Energy Income Partners Enhanced Income ETF | Derivative Income | 75 | 14.55% | 1.05B | Sep 2011 | SOLM vs EIPI | |
| Kurv Yield Premium Strategy Google ETF | Derivative Income | 86 | 12.36% | 22.71M | Oct 2023 | SOLM vs GOOP | |
| Parametric Equity Premium Income ETF | Derivative Income | 33 | 5.81% | 388.80M | Oct 2023 | SOLM vs PAPI | |
| VanEck Solana ETF | Cryptocurrency, Blockchain | — | -40.84% | 14.98M | Oct 2025 | SOLM vs VSOL | |
| Invesco S&P 500 BuyWrite ETF | Derivative Income, S&P 500 | 83 | 5.03% | 344.74M | Dec 2007 | SOLM vs PBP | |
| Invesco QQQ Income Advantage ETF | Derivative Income | 77 | 14.23% | 749.48M | Jul 2024 | SOLM vs QQA | |
| REX IncomeMax Option Strategy ETF | Derivative Income | — | 43.46% | 40.50M | Oct 2025 | SOLM vs ULTI |
Compare SOLM with Any Fund or Stock
Compare SOLM with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SOLM with funds that move differently
Amplify Solana 3% Monthly Option Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SOLM.
Explore SOLM Diversifiers