YieldMax TSLA Performance & Distribution Target 25 ETF (TEST) 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 TEST. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TEST
TEST charges 1.01% annually. There are 213 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 | TEST vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 292.36M | Mar 2024 | TEST vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 46.44M | Sep 2024 | TEST vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 166.08M | Apr 2024 | TEST vs FYEE | |
| Invesco S&P 500 BuyWrite ETF | 0.29% | 344.74M | Dec 2007 | TEST vs PBP |
Best Risk-Adjusted Alternatives to TEST
Among 148 ETFs in the Derivative Income category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 95 | 1.02B | Apr 2025 | TEST vs CHPY | |
| YieldMax GOOGL Option Income Strategy ETF | 93 | 298.09M | Jul 2023 | TEST vs GOOY | |
| SoFi Enhanced Yield ETF | 93 | 34.73M | Nov 2023 | TEST vs THTA | |
| Kurv Yield Premium Strategy Google ETF | 88 | 22.71M | Oct 2023 | TEST vs GOOP | |
| Simplify Treasury Option Income ETF | 86 | 438.06M | Oct 2022 | TEST vs BUCK |
Top Performing TEST Alternatives (YTD)
TEST is at -8.43% YTD. There are 174 ETFs in the Derivative Income category with higher YTD returns, going as high as 272.94%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 272.94% | 14.71M | Oct 2025 | TEST vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 144.27% | 90.88M | Jul 2025 | TEST vs AMDW | |
| YieldMax Semiconductor Portfolio Option Income ETF | 65.44% | 1.02B | Apr 2025 | TEST vs CHPY | |
| Defiance Oil Enhanced Options Income ETF | 56.61% | 62.15M | May 2024 | TEST vs USOY | |
| YieldMax MRNA Option Income Strategy ETF | 47.14% | 82.87M | Oct 2023 | TEST vs MRNY |
Lowest Volatility Alternatives to TEST
TEST has 32.46% 1-year volatility. There are 181 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 | TEST vs IPDP | |
| Simplify Treasury Option Income ETF | 3.10% | 438.06M | Oct 2022 | TEST vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.87% | 90.68M | Feb 2025 | TEST vs HYTI | |
| Main Buywrite ETF | 4.88% | 1.21B | Dec 2015 | TEST vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.15% | 287.53M | Feb 2025 | TEST vs LQTI |
Lowest Drawdown Alternatives to TEST
Among 150 ETFs in the Derivative Income category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -1.31%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -1.31% | 438.06M | Oct 2022 | TEST vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.68M | Feb 2025 | TEST vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.21B | Dec 2015 | TEST vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | TEST vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | TEST vs OMAH |
Other ETFs from YieldMax
The 10 most viewed YieldMax ETFs shown here include MSTY, ULTY, YMAX and span 3 categories. AUM among these funds goes as high as $1B.
Often Compared With TEST
Investors most often compare TEST with QQA, QYLD, TSLA. These 8 comparison targets span 4 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ Income Advantage ETF | Derivative Income | 66 | 10.16% | 749.48M | Jul 2024 | TEST vs QQA | |
| Global X NASDAQ 100 Covered Call ETF | Nasdaq-100, Derivative Income | 85 | 5.92% | 8.41B | Dec 2013 | TEST vs QYLD | |
| Tesla, Inc. | 64 | -13.06% | — | — | TEST vs TSLA | ||
| Day Hagan Smart Buffer ETF | Derivative Income | 65 | 3.89% | 39.66M | Feb 2025 | TEST vs DHSB | |
| FT Energy Income Partners Enhanced Income ETF | Derivative Income | 82 | 14.86% | 1.05B | Sep 2011 | TEST vs EIPI | |
| Goldman Sachs S&P 500 Premium Income ETF | Derivative Income, S&P 500 | 72 | 7.85% | 4.25B | Oct 2023 | TEST vs GPIX | |
| YieldMax TSM Option Income Strategy ETF | Derivative Income | 83 | 30.41% | 117.86M | Aug 2024 | TEST vs TSMY | |
| Global X Treasury Bond Enhanced Income ETF | Government Bonds, Derivative Income | — | 0.01% | — | Jul 2025 | TEST vs TLTX |
Compare TEST with Any Fund or Stock
Compare TEST with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TEST with funds that move differently
YieldMax TSLA Performance & Distribution Target 25 ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TEST.
Explore TEST Diversifiers