Defiance S&P 500 Income Target ETF (SPYT) 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 SPYT. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SPYT
SPYT charges 0.87% annually. There are 114 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 | SPYT vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 45.59M | Sep 2024 | SPYT vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 303.13M | Mar 2024 | SPYT vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 185.18M | Apr 2024 | SPYT vs FYEE | |
| Parametric Equity Premium Income ETF | 0.29% | 398.58M | Oct 2023 | SPYT vs PAPI |
Best Risk-Adjusted Alternatives to SPYT
SPYT has a PortfoliosLab risk / return rank of 55. There are 57 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 95 | 1.16B | Apr 2025 | SPYT vs CHPY | |
| SoFi Enhanced Yield ETF | 94 | 34.73M | Nov 2023 | SPYT vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 262.22M | Jul 2023 | SPYT vs GOOY | |
| YieldMax AMD Option Income Strategy ETF | 90 | 409.32M | Sep 2023 | SPYT vs AMDY | |
| Simplify Treasury Option Income ETF | 86 | 465.86M | Oct 2022 | SPYT vs BUCK |
Top Performing SPYT Alternatives (YTD)
SPYT is at 7.21% YTD. There are 82 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 | SPYT vs HOII | |
| REX CRWV Growth & Income ETF | 13,199.78% | 2.19M | Nov 2025 | SPYT vs CWII | |
| Roundhill ARM WeeklyPay ETF | 297.09% | 17.52M | Oct 2025 | SPYT vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 176.01% | 83.00M | Jul 2025 | SPYT vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 101.34% | 409.32M | Sep 2023 | SPYT vs AMDY |
Lowest Volatility Alternatives to SPYT
SPYT has 11.51% 1-year volatility. There are 63 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.98%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.98% | 465.86M | Oct 2022 | SPYT vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.86% | 90.05M | Feb 2025 | SPYT vs HYTI | |
| Main Buywrite ETF | 4.84% | 1.23B | Dec 2015 | SPYT vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.11% | 292.66M | Feb 2025 | SPYT vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 5.52% | 50.16M | Aug 2021 | SPYT vs XRMI |
Lowest Drawdown Alternatives to SPYT
SPYT has a 1-year max drawdown of -8.00%. There are 47 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 | SPYT vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.05M | Feb 2025 | SPYT vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.23B | Dec 2015 | SPYT vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | SPYT vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | SPYT vs OMAH |
Other ETFs from Defiance
The 10 most viewed Defiance ETFs shown here include QTUM, QQQY, MSTX and span 10 categories. AUM among these funds goes as high as $6B.
Often Compared With SPYT
Investors most often compare SPYT with SPYI, SPY, SCHD. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare SPYT with Any Fund or Stock
Compare SPYT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SPYT with funds that move differently
Defiance S&P 500 Income Target ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SPYT.
Explore SPYT Diversifiers