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

ETF · Currency in CAD · Last updated Jun 25, 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 7 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.04%.

SymbolNameExpense RatioAUMInception
USCL.TO
Global X Enhanced S&P 500 Covered Call ETF0.04%250.98MJul 2023YPLT.NEO vs USCL.TO
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%155.19MNov 2025YPLT.NEO vs EQLI.TO
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF0.35%136.22MSep 2024YPLT.NEO vs JEPQ.TO
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...0.35%227.30MSep 2024YPLT.NEO vs HBIL.TO

Best Risk-Adjusted Alternatives to YPLT.NEO

YPLT.NEO has a PortfoliosLab risk / return rank of 7. There are 66 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
—Jun 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...
97
1.16BFeb 2022YPLT.NEO vs BANK.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF
97
4.65BJan 2011YPLT.NEO vs ZWB.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
97
197.22MJul 2023YPLT.NEO vs BKCL.TO

Top Performing YPLT.NEO Alternatives (YTD)

YPLT.NEO is at -31.78% YTD. There are 79 ETFs in the Derivative Income category with higher YTD returns, going as high as 41.08%.

SymbolNameYTD ReturnAUMInception
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
41.08%
—Feb 2022YPLT.NEO vs CBNK.TO
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETF
28.21%
—Feb 2025YPLT.NEO vs YAVG.NEO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
27.83%
267.19MOct 2023YPLT.NEO vs ENCL.TO
EMCL.NEO
Global X Enhanced MSCI Emerging Markets Covered Ca...
26.93%
7.51MMay 2024YPLT.NEO vs EMCL.NEO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
26.80%
1.16BFeb 2022YPLT.NEO vs BANK.TO

Lowest Volatility Alternatives to YPLT.NEO

YPLT.NEO has 61.83% 1-year volatility. There are 83 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.62%.

SymbolNameVolatility 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...1.62%227.30MSep 2024YPLT.NEO vs HBIL.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.67%230.93MJan 2024YPLT.NEO vs HPYM.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF6.87%1.36BJun 2023YPLT.NEO vs UMAX.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A7.00%—Jun 2022YPLT.NEO vs HLIF.TO
ZWU.TO
BMO Covered Call Utilities ETF7.67%2.20BOct 2011YPLT.NEO vs ZWU.TO

Lowest Drawdown Alternatives to YPLT.NEO

YPLT.NEO has a 1-year max drawdown of -42.43%. There are 67 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%
227.30MSep 2024YPLT.NEO vs HBIL.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
-3.09%
—Jun 2022YPLT.NEO vs HLIF.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...
-3.87%
230.93MJan 2024YPLT.NEO vs HPYM.TO
ZWU.TO
BMO Covered Call Utilities ETF
-4.86%
2.20BOct 2011YPLT.NEO vs ZWU.TO
DXQ.TO
Dynamic Active Enhanced Yield Covered Options ETF
-5.11%
—Sep 2022YPLT.NEO vs DXQ.TO

Other ETFs from Purpose

The 1 most viewed Purpose ETFs shown here include YGOG.NEO and span 2 categories. AUM among these funds goes as high as $63M.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
YGOG.NEO
Alphabet (GOOGL) Yield Shares Purpose ETFDerivative Income, Technology Equities
92
6.16%
63.10MDec 2022YPLT.NEO vs YGOG.NEO

Often Compared With YPLT.NEO

Investors most often compare YPLT.NEO with AVGY.TO, NXF.TO, PLTE.TO. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
AVGY.TO
Harvest Broadcom Enhanced High Income Shares ETF -...Derivative Income
41
16.72%
—Mar 2025YPLT.NEO vs AVGY.TO
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...Energy Equities, Derivative Income
39
17.04%
116.28MFeb 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
46
12.98%
4.93BMay 2019YPLT.NEO vs TEC.TO
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETFEnergy Equities, Derivative Income
53
20.41%
467.50MFeb 2024YPLT.NEO vs EMAX.TO
HDIV.TO
Hamilton Enhanced Canadian Covered Call ETFDerivative Income
93
16.92%
1.70BJul 2021YPLT.NEO vs HDIV.TO
BKCC.TO
Global X Equal Weight Canadian Bank Covered Call E...Derivative Income
97
21.12%
395.62MMay 2011YPLT.NEO vs BKCC.TO
QMVP.TO
Hamilton Champions U.S. Technology Index ETFTechnology Equities———Jan 2026YPLT.NEO vs QMVP.TO
CNQE.TO
Harvest CNQ Enhanced High Income Shares ETFDerivative Income—
15.27%
—Aug 2025YPLT.NEO vs CNQE.TO
ZWC.TO
BMO CA High Dividend Covered Call ETFDerivative Income
94
11.81%
2.35BFeb 2017YPLT.NEO vs ZWC.TO
RCDC.TO
RBC Canadian Dividend Covered Call ETFDerivative Income
95
15.05%
—Jan 2023YPLT.NEO vs RCDC.TO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...Derivative Income, Energy Equities
78
22.25%
708.27MApr 2011YPLT.NEO vs ENCC.TO
HUTE.TO
Harvest Equal Weight Global Utilities Enhanced Inc...Derivative Income, Utilities Equities
56
12.50%
101.38MOct 2022YPLT.NEO vs HUTE.TO
JEPI.TO
JPMorgan US Equity Premium Income Active ETFDerivative Income
38
5.06%
—Sep 2024YPLT.NEO vs JEPI.TO
ZXLK.TO
BMO SPDR Technology Select Sector Index ETFTechnology Equities
42
30.92%
—Feb 2025YPLT.NEO vs ZXLK.TO
PLTR
Palantir Technologies Inc.
26
-36.15%
——YPLT.NEO vs PLTR
GOGY.TO
Harvest Alphabet Enhanced High Income Shares ETF C...Derivative Income
94
12.72%
—Mar 2025YPLT.NEO vs GOGY.TO
HPYT.TO
Harvest Premium Yield Treasury ETF ADerivative Income
16
1.34%
377.33MMay 2024YPLT.NEO vs HPYT.TO
QDAY.NEO
Hamilton EnhancedTechnology DayMAX™ ETFDerivative Income—
25.90%
—Jul 2025YPLT.NEO vs QDAY.NEO
HMAX.TO
Hamilton Canadian Financials Yield Maximizer ETFDerivative Income
95
17.37%
2.47BJan 2023YPLT.NEO vs HMAX.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