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 254 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% | 27.28M | Nov 2024 | YMAX vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 292.36M | Mar 2024 | YMAX vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 46.44M | Sep 2024 | YMAX vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 166.08M | Apr 2024 | YMAX vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 749.48M | Jul 2024 | YMAX vs QQA |
Best Risk-Adjusted Alternatives to YMAX
YMAX has a PortfoliosLab risk / return rank of 14. There are 102 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 97 | 1.02B | Apr 2025 | YMAX vs CHPY | |
| SoFi Enhanced Yield ETF | 92 | 34.73M | Nov 2023 | YMAX vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 298.09M | Jul 2023 | YMAX vs GOOY | |
| Global X NASDAQ 100 Covered Call ETF | 88 | 8.41B | Dec 2013 | YMAX vs QYLD | |
| YieldMax TSM Option Income Strategy ETF | 88 | 117.86M | Aug 2024 | YMAX vs TSMY |
Top Performing YMAX Alternatives (YTD)
YMAX is at 6.06% YTD. There are 102 ETFs in the Derivative Income category with higher YTD returns, going as high as 363.23%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 363.23% | 14.71M | Oct 2025 | YMAX vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 192.40% | 90.88M | Jul 2025 | YMAX vs AMDW | |
| YieldMax Semiconductor Portfolio Option Income ETF | 85.77% | 1.02B | Apr 2025 | YMAX vs CHPY | |
| Defiance Oil Enhanced Options Income ETF | 62.18% | 62.15M | May 2024 | YMAX vs USOY | |
| YieldMax MRNA Option Income Strategy ETF | 51.59% | 82.87M | Oct 2023 | YMAX vs MRNY |
Lowest Volatility Alternatives to YMAX
YMAX has 21.62% 1-year volatility. There are 134 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dividend Performers ETF | 0.00% | 20.88M | Dec 2018 | YMAX vs IPDP | |
| Simplify Treasury Option Income ETF | 3.14% | 438.06M | Oct 2022 | YMAX vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.83% | 90.68M | Feb 2025 | YMAX vs HYTI | |
| Main Buywrite ETF | 4.85% | 1.21B | Dec 2015 | YMAX vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.10% | 287.53M | Feb 2025 | YMAX vs LQTI |
Lowest Drawdown Alternatives to YMAX
YMAX has a 1-year max drawdown of -26.13%. There are 104 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% | 438.06M | Oct 2022 | YMAX vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.68M | Feb 2025 | YMAX vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.21B | 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 4 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 9 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