REX IncomeMax Option Strategy ETF (ULTI) 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 ULTI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ULTI
ULTI charges 1.25% annually. There are 253 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 | ULTI vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 46.44M | Sep 2024 | ULTI vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 292.36M | Mar 2024 | ULTI vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 166.08M | Apr 2024 | ULTI vs FYEE | |
| Invesco S&P 500 BuyWrite ETF | 0.29% | 344.74M | Dec 2007 | ULTI vs PBP |
Best Risk-Adjusted Alternatives to ULTI
Among 142 ETFs in the Derivative Income category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 97 | 1.02B | Apr 2025 | ULTI vs CHPY | |
| SoFi Enhanced Yield ETF | 92 | 34.73M | Nov 2023 | ULTI vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 298.09M | Jul 2023 | ULTI vs GOOY | |
| Global X NASDAQ 100 Covered Call ETF | 88 | 8.41B | Dec 2013 | ULTI vs QYLD | |
| YieldMax TSM Option Income Strategy ETF | 88 | 117.86M | Aug 2024 | ULTI vs TSMY |
Top Performing ULTI Alternatives (YTD)
ULTI is at 43.46% YTD. There are 6 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 | ULTI vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 192.40% | 90.88M | Jul 2025 | ULTI vs AMDW | |
| YieldMax Semiconductor Portfolio Option Income ETF | 85.77% | 1.02B | Apr 2025 | ULTI vs CHPY | |
| Defiance Oil Enhanced Options Income ETF | 62.18% | 62.15M | May 2024 | ULTI vs USOY | |
| YieldMax MRNA Option Income Strategy ETF | 51.59% | 82.87M | Oct 2023 | ULTI vs MRNY |
Lowest Volatility Alternatives to ULTI
ULTI has 62.43% 1-year volatility. There are 239 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 | ULTI vs IPDP | |
| Simplify Treasury Option Income ETF | 3.14% | 438.06M | Oct 2022 | ULTI vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.83% | 90.68M | Feb 2025 | ULTI vs HYTI | |
| Main Buywrite ETF | 4.85% | 1.21B | Dec 2015 | ULTI vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.10% | 287.53M | Feb 2025 | ULTI vs LQTI |
Lowest Drawdown Alternatives to ULTI
Among 142 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 | ULTI vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.68M | Feb 2025 | ULTI vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.21B | Dec 2015 | ULTI vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | ULTI vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | ULTI vs OMAH |
Other ETFs from REX Shares
The 7 most viewed REX Shares ETFs shown here include NFLU, TLDR, ETU and span 5 categories. AUM among these funds goes as high as $31M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| T-REX 2X Long Netflix Daily Target ETF | Leveraged Equities | 1 | -32.34% | 30.95M | Sep 2024 | ULTI vs NFLU | |
| The Laddered T-Bill ETF | Ultrashort Bond | — | — | 5.50M | Jan 2026 | ULTI vs TLDR | |
| T-Rex 2X Long Ether Daily Target ETF | Leveraged Cryptocurrency | 4 | -71.31% | — | Oct 2024 | ULTI vs ETU | |
| REX COIN Growth & Income ETF | Derivative Income | — | -37.80% | 2.97M | Jun 2025 | ULTI vs COII | |
| REX Autocallable Income ETF | Derivative Income | — | — | 30.61M | Feb 2026 | ULTI vs ATCL | |
| REX CRWV Growth & Income ETF | Derivative Income | — | 37.23% | 2.95M | Nov 2025 | ULTI vs CWII | |
| REX-Osprey ETH + Staking ETF | Cryptocurrency | — | -39.23% | — | Sep 2025 | ULTI vs ESK |
Often Compared With ULTI
Investors most often compare ULTI with ULTY, DDDD, GOOP. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare ULTI with Any Fund or Stock
Compare ULTI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ULTI with funds that move differently
REX IncomeMax Option Strategy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ULTI.
Explore ULTI Diversifiers