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 106 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 | SPYT vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 292.36M | Mar 2024 | SPYT vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 46.44M | Sep 2024 | SPYT vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 166.08M | Apr 2024 | SPYT vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 749.48M | Jul 2024 | SPYT vs QQA |
Best Risk-Adjusted Alternatives to SPYT
SPYT has a PortfoliosLab risk / return rank of 65. There are 45 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 97 | 1.02B | Apr 2025 | SPYT vs CHPY | |
| SoFi Enhanced Yield ETF | 92 | 34.73M | Nov 2023 | SPYT vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 298.09M | Jul 2023 | SPYT vs GOOY | |
| Global X NASDAQ 100 Covered Call ETF | 88 | 8.41B | Dec 2013 | SPYT vs QYLD | |
| YieldMax TSM Option Income Strategy ETF | 88 | 117.86M | Aug 2024 | SPYT vs TSMY |
Top Performing SPYT Alternatives (YTD)
SPYT is at 9.70% YTD. There are 69 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 | SPYT vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 192.40% | 90.88M | Jul 2025 | SPYT vs AMDW | |
| YieldMax Semiconductor Portfolio Option Income ETF | 85.77% | 1.02B | Apr 2025 | SPYT vs CHPY | |
| Defiance Oil Enhanced Options Income ETF | 62.18% | 62.15M | May 2024 | SPYT vs USOY | |
| YieldMax MRNA Option Income Strategy ETF | 51.59% | 82.87M | Oct 2023 | SPYT vs MRNY |
Lowest Volatility Alternatives to SPYT
SPYT has 10.86% 1-year volatility. There are 61 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 | SPYT vs IPDP | |
| Simplify Treasury Option Income ETF | 3.14% | 438.06M | Oct 2022 | SPYT vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.83% | 90.68M | Feb 2025 | SPYT vs HYTI | |
| Main Buywrite ETF | 4.85% | 1.21B | Dec 2015 | SPYT vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.10% | 287.53M | Feb 2025 | SPYT vs LQTI |
Lowest Drawdown Alternatives to SPYT
SPYT has a 1-year max drawdown of -8.00%. There are 44 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% | 438.06M | Oct 2022 | SPYT vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.68M | Feb 2025 | SPYT vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.21B | 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 9 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 8 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