Innovator Equity Premium Income Daily PutWrite ETF (SPUT) 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 SPUT. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SPUT
SPUT charges 0.79% annually. There are 110 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% | 29.05M | Nov 2024 | SPUT vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 329.53M | Mar 2024 | SPUT vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 46.39M | Sep 2024 | SPUT vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | SPUT vs FYEE | |
| Global X Treasury Bond Enhanced Income ETF | 0.29% | — | Jul 2025 | SPUT vs TLTX |
Best Risk-Adjusted Alternatives to SPUT
SPUT has a PortfoliosLab risk / return rank of 76. There are 42 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 | SPUT vs THTA | |
| Simplify Treasury Option Income ETF | 95 | 489.70M | Oct 2022 | SPUT vs BUCK | |
| Global X S&P 500 Covered Call ETF | 93 | 3.24B | Jun 2013 | SPUT vs XYLD | |
| Invesco S&P 500 BuyWrite ETF | 92 | 358.08M | Dec 2007 | SPUT vs PBP | |
| Global X Russell 2000 Covered Call ETF | 90 | 1.37B | Apr 2019 | SPUT vs RYLD |
Top Performing SPUT Alternatives (YTD)
SPUT is at 6.24% YTD. There are 127 ETFs in the Derivative Income category with higher YTD returns, going as high as 146.74%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill AMD WeeklyPay ETF | 146.74% | 114.09M | Jul 2025 | SPUT vs AMDW | |
| Roundhill ARM WeeklyPay ETF | 134.95% | 22.04M | Oct 2025 | SPUT vs ARMW | |
| YieldMax AMD Option Income Strategy ETF | 87.43% | 382.78M | Sep 2023 | SPUT vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 60.69% | 106.87M | Oct 2023 | SPUT vs MRNY | |
| YieldMax Target 12™ Semiconductor Option Income ET... | 58.34% | 64.01M | Dec 2024 | SPUT vs SOXY |
Lowest Volatility Alternatives to SPUT
SPUT has 8.01% 1-year volatility. There are 21 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.59%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.59% | 489.70M | Oct 2022 | SPUT vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | 2.92% | 112.06M | Aug 2022 | SPUT vs HYGW | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.76% | 289.20M | Apr 2026 | SPUT vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.81% | 90.28M | Feb 2025 | SPUT vs HYTI | |
| Main Buywrite ETF | 4.86% | 1.30B | Dec 2015 | SPUT vs BUYW |
Lowest Drawdown Alternatives to SPUT
SPUT has a 1-year max drawdown of -3.81%. There are 8 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% | 489.70M | Oct 2022 | SPUT vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | -1.82% | 112.06M | Aug 2022 | SPUT vs HYGW | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.28M | Feb 2025 | SPUT vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.30B | Dec 2015 | SPUT vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | SPUT vs THTA |
Other ETFs from Innovator
The 10 most viewed Innovator ETFs shown here include BALT, BUFF, SFLR and span 5 categories. AUM among these funds goes as high as $3B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Innovator Defined Wealth Shield ETF | Defined Outcome | 96 | 2.78% | 2.72B | Jun 2021 | SPUT vs BALT | |
| Innovator Laddered Allocation Power Buffer ETF | Defined Outcome | 89 | 6.26% | 923.55M | Oct 2016 | SPUT vs BUFF | |
| Innovator Equity Managed Floor ETF | Options Trading | 50 | 4.20% | 2.11B | Nov 2022 | SPUT vs SFLR | |
| Innovator Deepwater Frontier Tech ETF | Technology Equities | 42 | 11.39% | 200.31M | Jul 2018 | SPUT vs LOUP | |
| Innovator U.S. Equity Accelerated Plus ETF | Leveraged Equities | 98 | 12.47% | 22.69M | Apr 2021 | SPUT vs XTAP | |
| Innovator U.S. Equity Power Buffer ETF - January | Defined Outcome | 84 | 6.02% | 1.44B | Jan 2019 | SPUT vs PJAN | |
| Innovator U.S. Equity Buffer ETF - April | Defined Outcome | 97 | 11.91% | 403.09M | Mar 2019 | SPUT vs BAPR | |
| Innovator U.S. Equity Power Buffer ETF October | Defined Outcome | 82 | 6.44% | 963.46M | Sep 2018 | SPUT vs POCT | |
| Innovator U.S. Equity Power Buffer ETF - July | Defined Outcome | 87 | 5.43% | 1.25B | Aug 2018 | SPUT vs PJUL | |
| Innovator Nasdaq-100 Managed Floor ETF | Nasdaq-100, Options Trading | 40 | 1.93% | 524.31M | Jan 2024 | SPUT vs QFLR |
Often Compared With SPUT
Investors most often compare SPUT with WTPI, SBAR, JEPQ. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare SPUT with Any Fund or Stock
Compare SPUT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SPUT with funds that move differently
Innovator Equity Premium Income Daily PutWrite ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SPUT.
Explore SPUT Diversifiers