YieldMax Universe Fund of Option Income ETFs (YMAX) 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 YMAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to YMAX
YMAX charges 1.28% annually. There are 272 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 | YMAX vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 45.59M | Sep 2024 | YMAX vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 303.13M | Mar 2024 | YMAX vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 185.18M | Apr 2024 | YMAX vs FYEE | |
| Parametric Equity Premium Income ETF | 0.29% | 398.58M | Oct 2023 | YMAX vs PAPI |
Best Risk-Adjusted Alternatives to YMAX
YMAX has a PortfoliosLab risk / return rank of 10. There are 123 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 | YMAX vs CHPY | |
| SoFi Enhanced Yield ETF | 94 | 34.73M | Nov 2023 | YMAX vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 262.22M | Jul 2023 | YMAX vs GOOY | |
| YieldMax AMD Option Income Strategy ETF | 90 | 409.32M | Sep 2023 | YMAX vs AMDY | |
| Simplify Treasury Option Income ETF | 86 | 465.86M | Oct 2022 | YMAX vs BUCK |
Top Performing YMAX Alternatives (YTD)
YMAX is at 0.77% YTD. There are 150 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 | YMAX vs HOII | |
| REX CRWV Growth & Income ETF | 13,199.78% | 2.19M | Nov 2025 | YMAX vs CWII | |
| Roundhill ARM WeeklyPay ETF | 297.09% | 17.52M | Oct 2025 | YMAX vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 176.01% | 83.00M | Jul 2025 | YMAX vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 101.34% | 409.32M | Sep 2023 | YMAX vs AMDY |
Lowest Volatility Alternatives to YMAX
YMAX has 23.56% 1-year volatility. There are 145 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 | YMAX vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.86% | 90.05M | Feb 2025 | YMAX vs HYTI | |
| Main Buywrite ETF | 4.84% | 1.23B | Dec 2015 | YMAX vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.11% | 292.66M | Feb 2025 | YMAX vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 5.52% | 50.16M | Aug 2021 | YMAX vs XRMI |
Lowest Drawdown Alternatives to YMAX
YMAX has a 1-year max drawdown of -26.13%. There are 116 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 | YMAX vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.05M | Feb 2025 | YMAX vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.23B | Dec 2015 | YMAX vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | YMAX vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | YMAX vs OMAH |
Other ETFs from YieldMax
The 10 most viewed YieldMax ETFs shown here include MSTY, ULTY, NVDY and span 6 categories. AUM among these funds goes as high as $1B.
Often Compared With YMAX
Investors most often compare YMAX with QDTE, XDTE, TSYY. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare YMAX with Any Fund or Stock
Compare YMAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair YMAX with funds that move differently
YieldMax Universe Fund of Option Income ETFs alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to YMAX.
Explore YMAX Diversifiers