YieldMax SQ Option Income Strategy ETF (SQY) 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 SQY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SQY
SQY charges 1.01% annually. There are 208 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 | SQY vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 46.44M | Sep 2024 | SQY vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 292.36M | Mar 2024 | SQY vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 166.08M | Apr 2024 | SQY vs FYEE | |
| Goldman Sachs S&P 500 Premium Income ETF | 0.29% | 4.25B | Oct 2023 | SQY vs GPIX |
Best Risk-Adjusted Alternatives to SQY
SQY has a PortfoliosLab risk / return rank of 9. There are 110 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 | SQY vs CHPY | |
| SoFi Enhanced Yield ETF | 92 | 34.73M | Nov 2023 | SQY vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 298.09M | Jul 2023 | SQY vs GOOY | |
| Global X NASDAQ 100 Covered Call ETF | 88 | 8.41B | Dec 2013 | SQY vs QYLD | |
| YieldMax TSM Option Income Strategy ETF | 88 | 117.86M | Aug 2024 | SQY vs TSMY |
Top Performing SQY Alternatives (YTD)
SQY is at -1.01% YTD. There are 154 ETFs in the Derivative Income category with higher YTD returns, going as high as 347.83%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 347.83% | 14.71M | Oct 2025 | SQY vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 178.71% | 90.88M | Jul 2025 | SQY vs AMDW | |
| YieldMax Semiconductor Portfolio Option Income ETF | 85.77% | 1.02B | Apr 2025 | SQY vs CHPY | |
| Defiance Oil Enhanced Options Income ETF | 62.18% | 62.15M | May 2024 | SQY vs USOY | |
| YieldMax MRNA Option Income Strategy ETF | 51.59% | 82.87M | Oct 2023 | SQY vs MRNY |
Lowest Volatility Alternatives to SQY
SQY has 38.83% 1-year volatility. There are 194 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 | SQY vs IPDP | |
| Simplify Treasury Option Income ETF | 3.14% | 438.06M | Oct 2022 | SQY vs BUCK | |
| Innovator Index Autocallable Income Strategy ETF | 3.15% | — | Sep 2025 | SQY vs ACII | |
| FT Vest High Yield & Target Income ETF | 3.83% | 90.68M | Feb 2025 | SQY vs HYTI | |
| Main Buywrite ETF | 4.85% | 1.21B | Dec 2015 | SQY vs BUYW |
Lowest Drawdown Alternatives to SQY
SQY has a 1-year max drawdown of -37.72%. There are 116 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 | SQY vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.68M | Feb 2025 | SQY vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.21B | Dec 2015 | SQY vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | SQY vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | SQY vs OMAH |
Other ETFs from YieldMax
The 10 most viewed YieldMax ETFs shown here include MSTY, ULTY, YMAX and span 4 categories. AUM among these funds goes as high as $1B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| YieldMax™ MSTR Option Income Strategy ETF | Derivative Income | 1 | -14.73% | 1.29B | Feb 2024 | SQY vs MSTY | |
| YieldMax Ultra Option Income Strategy ETF | Derivative Income | 13 | 11.14% | 872.34M | Feb 2024 | SQY vs ULTY | |
| YieldMax Universe Fund of Option Income ETFs | Large Cap Blend Equities | 14 | 6.06% | 450.20M | Jan 2024 | SQY vs YMAX | |
| YieldMax NVDA Option Income Strategy ETF | Options Trading | 52 | 13.06% | 1.45B | May 2023 | SQY vs NVDY | |
| YieldMax TSLA Option Income Strategy ETF | Options Trading | 21 | -1.68% | 900.04M | Nov 2022 | SQY vs TSLY | |
| YieldMax Magnificent 7 Fund of Option Income ETFs | Large Cap Blend Equities | 43 | 3.80% | 336.32M | Jan 2024 | SQY vs YMAG | |
| YieldMax PLTR Option Income Strategy ETF | Derivative Income | 10 | -13.54% | 391.86M | Oct 2024 | SQY vs PLTY | |
| YieldMax COIN Option Income Strategy ETF | Derivative Income | 3 | -25.27% | 422.52M | Aug 2023 | SQY vs CONY | |
| YieldMax Bitcoin Option Income Strategy ETF | Cryptocurrency | 2 | -24.59% | 43.95M | Apr 2024 | SQY vs YBIT | |
| YieldMax Gold Miners Option Income Strategy ETF | Derivative Income | 23 | -6.82% | 278.18M | May 2024 | SQY vs GDXY |
Often Compared With SQY
Investors most often compare SQY with BITO, SPY, FTHI. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare SQY with Any Fund or Stock
Compare SQY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SQY with funds that move differently
YieldMax SQ Option Income Strategy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SQY.
Explore SQY Diversifiers