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 90 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 | SOLM vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 324.77M | Mar 2024 | SOLM vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.73M | Sep 2024 | SOLM vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | SOLM vs FYEE | |
| Parametric Equity Premium Income ETF | 0.29% | 414.48M | Oct 2023 | SOLM vs PAPI |
Best Risk-Adjusted Alternatives to SOLM
Among 168 ETFs in the Derivative Income category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SoFi Enhanced Yield ETF | 96 | 34.73M | Nov 2023 | SOLM vs THTA | |
| YieldMax Semiconductor Portfolio Option Income ETF | 95 | 1.16B | Apr 2025 | SOLM vs CHPY | |
| YieldMax AMD Option Income Strategy ETF | 94 | 443.39M | Sep 2023 | SOLM vs AMDY | |
| YieldMax GOOGL Option Income Strategy ETF | 93 | 246.95M | Jul 2023 | SOLM vs GOOY | |
| Simplify Treasury Option Income ETF | 93 | 474.96M | Oct 2022 | SOLM vs BUCK |
Top Performing SOLM Alternatives (YTD)
SOLM is at -43.46% YTD. There are 244 ETFs in the Derivative Income category with higher YTD returns, going as high as 239.89%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 239.89% | 27.86M | Oct 2025 | SOLM vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 200.34% | 116.76M | Jul 2025 | SOLM vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 117.25% | 443.39M | Sep 2023 | SOLM vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 92.61% | 127.56M | Oct 2023 | SOLM vs MRNY | |
| YieldMax Semiconductor Portfolio Option Income ETF | 79.25% | 1.16B | Apr 2025 | SOLM vs CHPY |
Lowest Volatility Alternatives to SOLM
SOLM has 67.58% 1-year volatility. There are 275 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.87%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.87% | 474.96M | Oct 2022 | SOLM vs BUCK | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.47% | 206.17M | Apr 2026 | SOLM vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.85% | 88.48M | Feb 2025 | SOLM vs HYTI | |
| Main Buywrite ETF | 4.88% | 1.26B | Dec 2015 | SOLM vs BUYW | |
| GraniteShares YieldBOOST 20Y+ Treasuries ETF | 5.14% | 726.94K | May 2026 | SOLM vs FIYY |
Lowest Drawdown Alternatives to SOLM
Among 168 ETFs in the Derivative Income category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.84%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -0.84% | 474.96M | Oct 2022 | SOLM vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 88.48M | Feb 2025 | SOLM vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.26B | 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 12 categories. AUM among these funds goes as high as $7B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Amplify CWP Enhanced Dividend Income ETF | Derivative Income | 66 | 6.95% | 7.30B | Dec 2016 | SOLM vs DIVO | |
| Amplify CWP Growth & Income ETF | Derivative Income | 59 | 9.32% | 728.58M | Aug 2024 | SOLM vs QDVO | |
| Amplify CWP International Enhanced Dividend Income... | Derivative Income, Dividend, Foreign Large Cap Equities | 75 | 13.86% | 1.30B | Sep 2022 | SOLM vs IDVO | |
| Amplify Junior Silver Miners ETF | Silver, Precious Metals | 41 | -8.10% | 3.22B | Nov 2012 | SOLM vs SILJ | |
| Amplify Blockchain Technology ETF | Blockchain, Technology Equities | 13 | 10.28% | 1.14B | Jan 2018 | SOLM vs BLOK | |
| Amplify AI Powered Equity ETF | Large Cap Growth Equities | 50 | 11.19% | 121.92M | Oct 2017 | SOLM vs AIEQ | |
| Amplify Cybersecurity ETF | Technology Equities, Cybersecurity | 35 | 35.60% | 2.70B | Nov 2014 | SOLM vs HACK | |
| Amplify CEF High Income ETF | Diversified Portfolio | 42 | 6.95% | 722.43M | Jun 2012 | SOLM vs YYY | |
| Breakwave Tanker Shipping ETF | Commodities | 99 | 955.56% | 22.86M | May 2023 | SOLM vs BWET | |
| Amplify Lithium & Battery Technology ETF | Lithium & Battery Metals | 59 | 6.38% | 118.16M | Jun 2018 | SOLM vs BATT |
Often Compared With SOLM
Investors most often compare SOLM with BSOL, DHSB, GPIX. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.
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