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Palantir (PLTR) Yield Shares Purpose ETF (YPLT.NEO) Alternatives

ETF · Currency in CAD · Last updated Jul 16, 2026

The Palantir (PLTR) Yield Shares Purpose ETF (YPLT) seeks to maximize yield from holding Palantir Technologies Inc. (PLTR) shares by employing a covered call writing strategy and moderate leverage. The fund holds up to 100% of its assets in Palantir common stock and writes call options to generate monthly distributions, with modest use of leverage to enhance income and exposure. YPLT is actively managed by Purpose Investments Inc. and listed on Cboe Canada, and is intended for investors seeking high monthly income tied to the performance of a single underlying stock.

Palantir (PLTR) Yield Shares Purpose ETF (YPLT.NEO) 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 YPLT.NEO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to YPLT.NEO

YPLT.NEO charges 0.40% annually. There are 6 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.29%.

SymbolNameExpense RatioAUMInception
ECHI.TO
Ninepoint Enhanced Canadian HighShares ETF0.29%—Aug 2025YPLT.NEO vs ECHI.TO
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF0.29%169.56MNov 2025YPLT.NEO vs EQLI.TO
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...0.35%224.00MSep 2024YPLT.NEO vs HBIL.TO
JEPI.TO
JPMorgan US Equity Premium Income Active ETF0.35%—Sep 2024YPLT.NEO vs JEPI.TO
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF0.35%136.22MSep 2024YPLT.NEO vs JEPQ.TO

Best Risk-Adjusted Alternatives to YPLT.NEO

YPLT.NEO has a PortfoliosLab risk / return rank of 10. There are 82 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 98.

SymbolNameRisk / Return RankAUMInception
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
98
180.28MJun 2022YPLT.NEO vs HLIF.TO
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
98
—Feb 2022YPLT.NEO vs CBNK.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
98
1.26BFeb 2022YPLT.NEO vs BANK.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF
98
4.84BJan 2011YPLT.NEO vs ZWB.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
97
198.10MJul 2023YPLT.NEO vs BKCL.TO

Top Performing YPLT.NEO Alternatives (YTD)

YPLT.NEO is at -18.40% YTD. There are 92 ETFs in the Derivative Income category with higher YTD returns, going as high as 49.92%.

SymbolNameYTD ReturnAUMInception
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
49.92%
—Feb 2022YPLT.NEO vs CBNK.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
34.83%
271.10MOct 2023YPLT.NEO vs ENCL.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
34.25%
1.26BFeb 2022YPLT.NEO vs BANK.TO
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETF
33.82%
—Feb 2025YPLT.NEO vs YAVG.NEO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
32.52%
198.10MJul 2023YPLT.NEO vs BKCL.TO

Lowest Volatility Alternatives to YPLT.NEO

YPLT.NEO has 61.95% 1-year volatility. There are 102 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.76%.

SymbolNameVolatility 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...1.76%224.00MSep 2024YPLT.NEO vs HBIL.TO
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...1.91%—Sep 2024YPLT.NEO vs HBIL-U.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.75%259.21MJan 2024YPLT.NEO vs HPYM.TO
FCMI.TO
Fidelity Canadian Monthly High Income ETF6.39%—Jan 2020YPLT.NEO vs FCMI.TO
ZPH.TO
BMO US Put Write Hedged to CAD ETF6.55%35.29MFeb 2017YPLT.NEO vs ZPH.TO

Lowest Drawdown Alternatives to YPLT.NEO

YPLT.NEO has a 1-year max drawdown of -42.43%. There are 85 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.95%.

SymbolNameMax Drawdown 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...
-0.95%
224.00MSep 2024YPLT.NEO vs HBIL.TO
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...
-1.07%
—Sep 2024YPLT.NEO vs HBIL-U.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
-3.09%
180.28MJun 2022YPLT.NEO vs HLIF.TO
FCMI.TO
Fidelity Canadian Monthly High Income ETF
-3.62%
—Jan 2020YPLT.NEO vs FCMI.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...
-3.87%
259.21MJan 2024YPLT.NEO vs HPYM.TO

Other ETFs from Purpose

The 4 most viewed Purpose ETFs shown here include YGOG.NEO, BTCY-U.TO, BTCY-B.TO and span 3 categories. AUM among these funds goes as high as $62M.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
YGOG.NEO
Alphabet (GOOGL) Yield Shares Purpose ETFDerivative Income, Technology Equities
93
15.45%
62.00MDec 2022YPLT.NEO vs YGOG.NEO
BTCY-U.TO
Purpose Bitcoin Yield ETF USD Non-Currency Hedged ...Cryptocurrency, Derivative Income
2
-28.63%
—Dec 2021YPLT.NEO vs BTCY-U.TO
BTCY-B.TO
Purpose Bitcoin Yield ETF CAD Non-Currency Hedged ...Cryptocurrency, Derivative Income
2
-26.88%
—Dec 2021YPLT.NEO vs BTCY-B.TO
ETHY-U.TO
Purpose Ether Yield ETF USD Non-Currency Hedged Un...Cryptocurrency, Derivative Income
5
-40.99%
—Dec 2021YPLT.NEO vs ETHY-U.TO

Often Compared With YPLT.NEO

Investors most often compare YPLT.NEO with AVGY.TO, NXF.TO, PLTE.TO. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
AVGY.TO
Harvest Broadcom Enhanced High Income Shares ETF -...Derivative Income
38
20.39%
—Mar 2025YPLT.NEO vs AVGY.TO
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...Energy Equities, Derivative Income
47
24.01%
127.47MFeb 2015YPLT.NEO vs NXF.TO
PLTE.TO
Harvest Palantir Enhanced High Income Shares ETFDerivative Income———Jan 2025YPLT.NEO vs PLTE.TO
TEC.TO
TD Global Technology Leaders Index ETFTechnology Equities
48
15.77%
5.05BMay 2019YPLT.NEO vs TEC.TO
BKCC.TO
Global X Equal Weight Canadian Bank Covered Call E...Derivative Income
97
26.05%
400.33MMay 2011YPLT.NEO vs BKCC.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETFDerivative Income, Utilities Equities
73
10.07%
1.41BJun 2023YPLT.NEO vs UMAX.TO
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETFEnergy Equities, Derivative Income
65
26.21%
494.30MFeb 2024YPLT.NEO vs EMAX.TO
HDIV.TO
Hamilton Enhanced Canadian Covered Call ETFDerivative Income
95
19.95%
1.74BJul 2021YPLT.NEO vs HDIV.TO
QMVP.TO
Hamilton Champions U.S. Technology Index ETFTechnology Equities——349.70MJan 2026YPLT.NEO vs QMVP.TO
RCDC.TO
RBC Canadian Dividend Covered Call ETFDerivative Income
96
18.28%
—Jan 2023YPLT.NEO vs RCDC.TO
PLTR
Palantir Technologies Inc.
37
-24.75%
——YPLT.NEO vs PLTR
CNQE.TO
Harvest CNQ Enhanced High Income Shares ETFDerivative Income—
26.68%
—Aug 2025YPLT.NEO vs CNQE.TO
ZWU.TO
BMO Covered Call Utilities ETFUtilities Equities, Derivative Income
71
11.26%
2.21BOct 2011YPLT.NEO vs ZWU.TO
ZWC.TO
BMO CA High Dividend Covered Call ETFDerivative Income
96
14.98%
2.41BFeb 2017YPLT.NEO vs ZWC.TO
HUTE.TO
Harvest Equal Weight Global Utilities Enhanced Inc...Derivative Income, Utilities Equities
57
12.56%
103.07MOct 2022YPLT.NEO vs HUTE.TO
USCL.TO
Global X Enhanced S&P 500 Covered Call ETFDerivative Income, S&P 500
83
14.21%
250.73MJul 2023YPLT.NEO vs USCL.TO
ZXLK.TO
BMO SPDR Technology Select Sector Index ETFTechnology Equities
33
28.25%
—Feb 2025YPLT.NEO vs ZXLK.TO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...Derivative Income, Energy Equities
89
27.77%
714.60MApr 2011YPLT.NEO vs ENCC.TO
GOGY.TO
Harvest Alphabet Enhanced High Income Shares ETF C...Derivative Income
95
20.79%
—Mar 2025YPLT.NEO vs GOGY.TO
HPYT.TO
Harvest Premium Yield Treasury ETF ADerivative Income
15
-1.33%
360.54MMay 2024YPLT.NEO vs HPYT.TO

Compare YPLT.NEO with Any Fund or Stock

Compare YPLT.NEO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair YPLT.NEO with funds that move differently

Palantir (PLTR) Yield Shares Purpose ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to YPLT.NEO.

Explore YPLT.NEO Diversifiers