Roundhill WeeklyPay™ Universe ETF (WPAY) Alternatives
Roundhill WeeklyPay™ Universe ETF (WPAY) 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 WPAY. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to WPAY
WPAY charges 0.99% annually. Among ETFs in the Derivative Income category, these options have the lowest expense ratios among WPAY alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| iShares S&P 500 BuyWrite ETF | 0.25% | Mar 14, 2024 | WPAY vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | Sep 5, 2024 | WPAY vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | Apr 9, 2024 | WPAY vs FYEE | |
| Parametric Equity Premium Income ETF | 0.29% | Oct 16, 2023 | WPAY vs PAPI | |
| Invesco S&P 500 BuyWrite ETF | 0.29% | Dec 20, 2007 | WPAY vs PBP |
Best Risk-Adjusted Alternatives to WPAY
Among ETFs in the Derivative Income category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| YieldMax GOOGL Option Income Strategy ETF | 97 | Jul 27, 2023 | WPAY vs GOOY | |
| YieldMax TSM Option Income Strategy ETF | 96 | Aug 20, 2024 | WPAY vs TSMY | |
| Kurv Yield Premium Strategy Google ETF | 92 | Oct 30, 2023 | WPAY vs GOOP | |
| Amplify CWP Enhanced Dividend Income ETF | 80 | Dec 13, 2016 | WPAY vs DIVO | |
| Defiance Oil Enhanced Options Income ETF | 80 | May 9, 2024 | WPAY vs USOY |
Top Performing WPAY Alternatives (YTD)
WPAY alternatives from the Derivative Income category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Defiance Oil Enhanced Options Income ETF | 60.22% | May 9, 2024 | WPAY vs USOY | |
| YieldMax MRNA Option Income Strategy ETF | 57.12% | Oct 23, 2023 | WPAY vs MRNY | |
| YieldMax XOM Option Income Strategy ETF | 28.99% | Aug 30, 2023 | WPAY vs XOMO | |
| YieldMax Short TSLA Option Income Strategy ETF | 20.49% | May 1, 2024 | WPAY vs CRSH | |
| Roundhill COST WeeklyPay ETF | 17.20% | Oct 23, 2025 | WPAY vs COSW |
Lowest Volatility Alternatives to WPAY
WPAY alternatives from the Derivative Income category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Global X NASDAQ 100 ESG Covered Call ETF | 0.00% | Feb 21, 2023 | WPAY vs QYLE | |
| Dividend Performers ETF | 0.00% | Dec 24, 2018 | WPAY vs IPDP | |
| FT Vest Investment Grade & Target Income ETF | 6.23% | Feb 11, 2025 | WPAY vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 6.88% | Aug 25, 2021 | WPAY vs XRMI | |
| Global X NASDAQ 100 Risk Managed Income ETF | 7.74% | Aug 25, 2021 | WPAY vs QRMI |
Lowest Drawdown Alternatives to WPAY
WPAY alternatives from the Derivative Income category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| FT Vest Investment Grade & Target Income ETF | -3.41% | Feb 11, 2025 | WPAY vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | -5.02% | Aug 25, 2021 | WPAY vs XRMI | |
| Global X NASDAQ 100 Risk Managed Income ETF | -5.04% | Aug 25, 2021 | WPAY vs QRMI | |
| Kensington Hedged Premium Income ETF | -6.55% | Sep 4, 2024 | WPAY vs KHPI | |
| T. Rowe Price Capital Appreciation Premium Income ... | -7.24% | Mar 26, 2025 | WPAY vs TCAL |
Other ETFs from Roundhill
Most popular Roundhill ETFs on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Roundhill Magnificent Seven ETF | Technology Equities | 62 | -12.16% | Apr 10, 2023 | WPAY vs MAGS | |
| Roundhill ETF Trust - Roundhill N-100 0DTE Covered... | Large Cap Blend Equities | 60 | -5.34% | Mar 6, 2024 | WPAY vs QDTE | |
| Roundhill S&P 500 0DTE Covered Call Strategy ETF | Derivative Income, S&P 500 | 48 | -3.43% | Mar 7, 2024 | WPAY vs XDTE | |
| Roundhill Bitcoin Covered Call Strategy ETF | Cryptocurrency | 7 | -18.34% | Jan 17, 2024 | WPAY vs YBTC | |
| Roundhill Generative AI & Technology ETF | Technology Equities | 95 | 4.90% | May 17, 2023 | WPAY vs CHAT | |
| Roundhill Daily 2X Long Magnificent Seven ETF | Leveraged Equities, Leveraged | 45 | -25.26% | Feb 28, 2024 | WPAY vs MAGX | |
| PLTR WeeklyPay™ ETF | Derivative Income | 61 | -22.36% | Feb 18, 2025 | WPAY vs PLTW | |
| Roundhill Magnificent Seven Covered Call ETF | Derivative Income | — | -9.64% | Apr 23, 2025 | WPAY vs MAGY | |
| Roundhill Small Cap 0DTE Covered Call Strategy ETF | Derivative Income | 50 | 0.31% | Sep 9, 2024 | WPAY vs RDTE | |
| Roundhill HOOD WeeklyPay ETF | Leveraged Equities, Derivative Income | — | -45.24% | Jun 18, 2025 | WPAY vs HOOW |
Often Compared With WPAY
What investors most often compare with WPAY, based on PortfoliosLab usage data.
Compare WPAY with Any Fund or Stock
Compare WPAY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.