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 293 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% | 29.28M | Nov 2024 | ULTI vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 324.77M | Mar 2024 | ULTI vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.73M | Sep 2024 | ULTI vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | ULTI vs FYEE | |
| Invesco S&P 500 BuyWrite ETF | 0.29% | 352.13M | Dec 2007 | ULTI vs PBP |
Best Risk-Adjusted Alternatives to ULTI
Among 169 ETFs in the Derivative Income category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 96 | 474.96M | Oct 2022 | ULTI vs BUCK | |
| SoFi Enhanced Yield ETF | 96 | 34.73M | Nov 2023 | ULTI vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 94 | 246.95M | Jul 2023 | ULTI vs GOOY | |
| YieldMax Semiconductor Portfolio Option Income ETF | 94 | 1.16B | Apr 2025 | ULTI vs CHPY | |
| First Trust Nasdaq BuyWrite Income ETF | 92 | 938.31M | Jan 2014 | ULTI vs FTQI |
Top Performing ULTI Alternatives (YTD)
ULTI is at -3.92% YTD. There are 172 ETFs in the Derivative Income category with higher YTD returns, going as high as 182.49%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 182.49% | 27.86M | Oct 2025 | ULTI vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 181.24% | 116.76M | Jul 2025 | ULTI vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 107.90% | 443.39M | Sep 2023 | ULTI vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 93.46% | 127.56M | Oct 2023 | ULTI vs MRNY | |
| YieldMax Semiconductor Portfolio Option Income ETF | 70.62% | 1.16B | Apr 2025 | ULTI vs CHPY |
Lowest Volatility Alternatives to ULTI
ULTI has 61.35% 1-year volatility. There are 272 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.80%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.80% | 474.96M | Oct 2022 | ULTI vs BUCK | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.41% | 206.17M | Apr 2026 | ULTI vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.86% | 88.48M | Feb 2025 | ULTI vs HYTI | |
| Main Buywrite ETF | 4.85% | 1.26B | Dec 2015 | ULTI vs BUYW | |
| GraniteShares YieldBOOST 20Y+ Treasuries ETF | 5.00% | 726.94K | May 2026 | ULTI vs FIYY |
Lowest Drawdown Alternatives to ULTI
Among 170 ETFs in the Derivative Income category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.84%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -0.84% | 474.96M | Oct 2022 | ULTI vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 88.48M | Feb 2025 | ULTI vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.26B | 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 TLDR, NFLU, CWII and span 5 categories. AUM among these funds goes as high as $54M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| The Laddered T-Bill ETF | Ultrashort Bond | — | — | 6.26M | Jan 2026 | ULTI vs TLDR | |
| T-REX 2X Long Netflix Daily Target ETF | Leveraged Equities | 1 | -46.45% | 53.93M | Sep 2024 | ULTI vs NFLU | |
| REX CRWV Growth & Income ETF | Derivative Income | — | — | 2.19M | Nov 2025 | ULTI vs CWII | |
| REX COIN Growth & Income ETF | Derivative Income | — | — | 2.18M | Jun 2025 | ULTI vs COII | |
| T-Rex 2X Long Ether Daily Target ETF | Leveraged Cryptocurrency | 4 | -69.30% | — | Oct 2024 | ULTI vs ETU | |
| REX Autocallable Income ETF | Derivative Income | — | — | 38.81M | Feb 2026 | ULTI vs ATCL | |
| REX-Osprey ETH + Staking ETF | Cryptocurrency | — | -44.38% | — | Sep 2025 | ULTI vs ESK |
Often Compared With ULTI
Investors most often compare ULTI with DDDD, ULTY, KYLD. These 20 comparison targets span 6 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