Defiance S&P 500 Enhanced Options & 0DTE Income ETF (WDTE) 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 WDTE. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to WDTE
WDTE charges 1.01% annually. There are 220 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% | 27.32M | Nov 2024 | WDTE vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 303.13M | Mar 2024 | WDTE vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.59M | Sep 2024 | WDTE vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 185.18M | Apr 2024 | WDTE vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 768.95M | Jul 2024 | WDTE vs QQA |
Best Risk-Adjusted Alternatives to WDTE
WDTE has a PortfoliosLab risk / return rank of 57. There are 50 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 95 | 1.16B | Apr 2025 | WDTE vs CHPY | |
| SoFi Enhanced Yield ETF | 94 | 34.73M | Nov 2023 | WDTE vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 262.22M | Jul 2023 | WDTE vs GOOY | |
| YieldMax AMD Option Income Strategy ETF | 90 | 409.32M | Sep 2023 | WDTE vs AMDY | |
| Simplify Treasury Option Income ETF | 86 | 465.86M | Oct 2022 | WDTE vs BUCK |
Top Performing WDTE Alternatives (YTD)
WDTE is at 7.90% YTD. There are 75 ETFs in the Derivative Income category with higher YTD returns, going as high as 19,132.59%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| REX HOOD Growth & Income ETF | 19,132.59% | 1.44M | Nov 2025 | WDTE vs HOII | |
| REX CRWV Growth & Income ETF | 13,199.78% | 2.19M | Nov 2025 | WDTE vs CWII | |
| Roundhill ARM WeeklyPay ETF | 297.09% | 17.52M | Oct 2025 | WDTE vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 176.01% | 83.00M | Jul 2025 | WDTE vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 101.34% | 409.32M | Sep 2023 | WDTE vs AMDY |
Lowest Volatility Alternatives to WDTE
WDTE has 10.97% 1-year volatility. There are 57 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.98%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.98% | 465.86M | Oct 2022 | WDTE vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.86% | 90.05M | Feb 2025 | WDTE vs HYTI | |
| Main Buywrite ETF | 4.84% | 1.23B | Dec 2015 | WDTE vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.11% | 292.66M | Feb 2025 | WDTE vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 5.52% | 50.16M | Aug 2021 | WDTE vs XRMI |
Lowest Drawdown Alternatives to WDTE
WDTE has a 1-year max drawdown of -7.65%. There are 42 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% | 465.86M | Oct 2022 | WDTE vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.05M | Feb 2025 | WDTE vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.23B | Dec 2015 | WDTE vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | WDTE vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | WDTE vs OMAH |
Other ETFs from Defiance
The 10 most viewed Defiance ETFs shown here include QTUM, QQQY, MSTX and span 11 categories. AUM among these funds goes as high as $6B.
Often Compared With WDTE
Investors most often compare WDTE with XDTE, QDTE, SPYI. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare WDTE with Any Fund or Stock
Compare WDTE with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair WDTE with funds that move differently
Defiance S&P 500 Enhanced Options & 0DTE Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to WDTE.
Explore WDTE Diversifiers