Defiance S&P 500 Weekly Distribution 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 1.03% annually. There are 252 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 | WDTE vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 46.39M | Sep 2024 | WDTE vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 329.53M | Mar 2024 | WDTE vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | WDTE vs FYEE | |
| Global X Treasury Bond Enhanced Income ETF | 0.29% | — | Jul 2025 | WDTE vs TLTX |
Best Risk-Adjusted Alternatives to WDTE
WDTE has a PortfoliosLab risk / return rank of 72. There are 60 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SoFi Enhanced Yield ETF | 96 | 34.73M | Nov 2023 | WDTE vs THTA | |
| Global X S&P 500 Covered Call ETF | 94 | 3.24B | Jun 2013 | WDTE vs XYLD | |
| Invesco S&P 500 BuyWrite ETF | 94 | 358.08M | Dec 2007 | WDTE vs PBP | |
| Simplify Treasury Option Income ETF | 93 | 489.70M | Oct 2022 | WDTE vs BUCK | |
| Global X Russell 2000 Covered Call ETF | 93 | 1.37B | Apr 2019 | WDTE vs RYLD |
Top Performing WDTE Alternatives (YTD)
WDTE is at 11.48% YTD. There are 66 ETFs in the Derivative Income category with higher YTD returns, going as high as 150.89%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill AMD WeeklyPay ETF | 150.89% | 114.09M | Jul 2025 | WDTE vs AMDW | |
| Roundhill ARM WeeklyPay ETF | 133.71% | 22.04M | Oct 2025 | WDTE vs ARMW | |
| YieldMax AMD Option Income Strategy ETF | 90.29% | 382.78M | Sep 2023 | WDTE vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 62.69% | 106.87M | Oct 2023 | WDTE vs MRNY | |
| YieldMax Target 12™ Semiconductor Option Income ET... | 59.66% | 64.01M | Dec 2024 | WDTE vs SOXY |
Lowest Volatility Alternatives to WDTE
WDTE has 11.24% 1-year volatility. There are 65 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 | WDTE vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | 2.94% | 112.06M | Aug 2022 | WDTE vs HYGW | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.76% | 289.20M | Apr 2026 | WDTE vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.81% | 90.28M | Feb 2025 | WDTE vs HYTI | |
| Main Buywrite ETF | 4.87% | 1.30B | Dec 2015 | WDTE vs BUYW |
Lowest Drawdown Alternatives to WDTE
WDTE has a 1-year max drawdown of -7.65%. There are 50 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.84%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -0.84% | 489.70M | Oct 2022 | WDTE vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | -1.82% | 112.06M | Aug 2022 | WDTE vs HYGW | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.28M | Feb 2025 | WDTE vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.30B | Dec 2015 | WDTE vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | WDTE vs THTA |
Other ETFs from Defiance
The 10 most viewed Defiance ETFs shown here include QTUM, QQQY, MSTX and span 12 categories. AUM among these funds goes as high as $5B.
Often Compared With WDTE
Investors most often compare WDTE with XDTE, QDTE, MAGY. 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 Weekly Distribution ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to WDTE.
Explore WDTE Diversifiers