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 310 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% | 29.05M | Nov 2024 | ULTI vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 329.53M | Mar 2024 | ULTI vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 46.39M | Sep 2024 | ULTI vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | ULTI vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 781.48M | Jul 2024 | ULTI vs QQA |
Best Risk-Adjusted Alternatives to ULTI
Among 201 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 | |
|---|---|---|---|---|---|
| SoFi Enhanced Yield ETF | 96 | 34.73M | Nov 2023 | ULTI vs THTA | |
| Global X S&P 500 Covered Call ETF | 92 | 3.24B | Jun 2013 | ULTI vs XYLD | |
| Invesco S&P 500 BuyWrite ETF | 92 | 358.08M | Dec 2007 | ULTI vs PBP | |
| Simplify Treasury Option Income ETF | 91 | 489.70M | Oct 2022 | ULTI vs BUCK | |
| Global X Russell 2000 Covered Call ETF | 90 | 1.37B | Apr 2019 | ULTI vs RYLD |
Top Performing ULTI Alternatives (YTD)
ULTI is at -12.35% YTD. There are 207 ETFs in the Derivative Income category with higher YTD returns, going as high as 184.82%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 184.82% | 22.04M | Oct 2025 | ULTI vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 175.61% | 114.09M | Jul 2025 | ULTI vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 105.10% | 382.78M | Sep 2023 | ULTI vs AMDY | |
| YieldMax Target 12™ Semiconductor Option Income ET... | 70.13% | 64.01M | Dec 2024 | ULTI vs SOXY | |
| YieldMax MRNA Option Income Strategy ETF | 67.49% | 106.87M | Oct 2023 | ULTI vs MRNY |
Lowest Volatility Alternatives to ULTI
ULTI has 61.64% 1-year volatility. There are 290 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.47%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.47% | 489.70M | Oct 2022 | ULTI vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | 2.94% | 112.06M | Aug 2022 | ULTI vs HYGW | |
| Janus Henderson Equity Linked Moderate Income ETF | 3.69% | — | Apr 2026 | ULTI vs JELM | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.79% | 289.20M | Apr 2026 | ULTI vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.83% | 90.28M | Feb 2025 | ULTI vs HYTI |
Lowest Drawdown Alternatives to ULTI
Among 201 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% | 489.70M | Oct 2022 | ULTI vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | -1.82% | 112.06M | Aug 2022 | ULTI vs HYGW | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.28M | Feb 2025 | ULTI vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.30B | Dec 2015 | ULTI vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | ULTI vs THTA |
Other ETFs from REX Shares
The 6 most viewed REX Shares ETFs shown here include TLDR, NFLU, ETU and span 5 categories. AUM among these funds goes as high as $53M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| The Laddered T-Bill ETF | Ultrashort Bond | — | — | 43.53M | Jan 2026 | ULTI vs TLDR | |
| T-REX 2X Long Netflix Daily Target ETF | Leveraged Equities | 1 | -47.53% | 52.82M | Sep 2024 | ULTI vs NFLU | |
| T-Rex 2X Long Ether Daily Target ETF | Leveraged Cryptocurrency | 3 | -71.17% | — | Oct 2024 | ULTI vs ETU | |
| REX Autocallable Income ETF | Derivative Income | — | — | 42.52M | Feb 2026 | ULTI vs ATCL | |
| REX-Osprey ETH + Staking ETF | Cryptocurrency | — | — | — | Sep 2025 | ULTI vs ESK | |
| REX-Osprey XRP ETF | Cryptocurrency | — | -41.05% | — | Sep 2025 | ULTI vs XRPR |
Often Compared With ULTI
Investors most often compare ULTI with DDDD, ULTY, CHPY. These 20 comparison targets span 7 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