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 1.33% annually. There are 313 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 | YMAX vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 46.39M | Sep 2024 | YMAX vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 329.53M | Mar 2024 | YMAX vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | YMAX vs FYEE | |
| Goldman Sachs S&P 500 Premium Income ETF | 0.29% | 5.01B | Oct 2023 | YMAX vs GPIX |
Best Risk-Adjusted Alternatives to YMAX
YMAX has a PortfoliosLab risk / return rank of 10. There are 157 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 | YMAX vs THTA | |
| Global X S&P 500 Covered Call ETF | 94 | 3.24B | Jun 2013 | YMAX vs XYLD | |
| Invesco S&P 500 BuyWrite ETF | 94 | 358.08M | Dec 2007 | YMAX vs PBP | |
| Simplify Treasury Option Income ETF | 93 | 489.70M | Oct 2022 | YMAX vs BUCK | |
| Global X Russell 2000 Covered Call ETF | 93 | 1.37B | Apr 2019 | YMAX vs RYLD |
Top Performing YMAX Alternatives (YTD)
YMAX is at 0.68% YTD. There are 166 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 | YMAX vs AMDW | |
| Roundhill ARM WeeklyPay ETF | 133.71% | 22.04M | Oct 2025 | YMAX vs ARMW | |
| YieldMax AMD Option Income Strategy ETF | 90.29% | 382.78M | Sep 2023 | YMAX vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 62.69% | 106.87M | Oct 2023 | YMAX vs MRNY | |
| YieldMax Target 12™ Semiconductor Option Income ET... | 59.66% | 64.01M | Dec 2024 | YMAX vs SOXY |
Lowest Volatility Alternatives to YMAX
YMAX has 24.15% 1-year volatility. There are 174 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 | YMAX vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | 2.94% | 112.06M | Aug 2022 | YMAX vs HYGW | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.76% | 289.20M | Apr 2026 | YMAX vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.81% | 90.28M | Feb 2025 | YMAX vs HYTI | |
| Main Buywrite ETF | 4.87% | 1.30B | Dec 2015 | YMAX vs BUYW |
Lowest Drawdown Alternatives to YMAX
YMAX has a 1-year max drawdown of -26.13%. There are 142 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 | YMAX vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | -1.82% | 112.06M | Aug 2022 | YMAX vs HYGW | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.28M | Feb 2025 | YMAX vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.30B | Dec 2015 | YMAX vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | YMAX vs THTA |
Other ETFs from YieldMax
The 10 most viewed YieldMax ETFs shown here include MSTY, ULTY, NVDY and span 7 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