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

ETF · Currency in CAD · Last updated Jun 4, 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%249.48MJul 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
JEPI.TO
JPMorgan US Equity Premium Income Active ETF0.35%—Sep 2024YPLT.NEO vs JEPI.TO

Best Risk-Adjusted Alternatives to YPLT.NEO

YPLT.NEO has a PortfoliosLab risk / return rank of 16. There are 63 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
96
—Feb 2022YPLT.NEO vs CBNK.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
96
1.08BFeb 2022YPLT.NEO vs BANK.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
95
187.53MJul 2023YPLT.NEO vs BKCL.TO
BKCC.TO
Global X Equal Weight Canadian Bank Covered Call E...
94
370.01MMay 2011YPLT.NEO vs BKCC.TO

Top Performing YPLT.NEO Alternatives (YTD)

YPLT.NEO is at -12.66% YTD. There are 77 ETFs in the Derivative Income category with higher YTD returns, going as high as 59.96%.

SymbolNameYTD ReturnAUMInception
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETF
59.96%
—Feb 2025YPLT.NEO vs YAVG.NEO
AVGY.TO
Harvest Broadcom Enhanced High Income Shares ETF -...
42.92%
—Mar 2025YPLT.NEO vs AVGY.TO
CNQE.TO
Harvest CNQ Enhanced High Income Shares ETF
39.35%
—Aug 2025YPLT.NEO vs CNQE.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
37.98%
286.32MOct 2023YPLT.NEO vs ENCL.TO
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...
32.43%
116.31MFeb 2015YPLT.NEO vs NXF.TO

Lowest Volatility Alternatives to YPLT.NEO

YPLT.NEO has 60.50% 1-year volatility. There are 83 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.66%.

SymbolNameVolatility 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...1.66%235.30MSep 2024YPLT.NEO vs HBIL.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.53%226.83MJan 2024YPLT.NEO vs HPYM.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF6.65%1.34BJun 2023YPLT.NEO vs UMAX.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A6.85%—Jun 2022YPLT.NEO vs HLIF.TO
ZWU.TO
BMO Covered Call Utilities ETF7.59%2.17BOct 2011YPLT.NEO vs ZWU.TO

Lowest Drawdown Alternatives to YPLT.NEO

YPLT.NEO has a 1-year max drawdown of -41.92%. There are 68 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%
235.30MSep 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...
-3.85%
226.83MJan 2024YPLT.NEO vs HPYM.TO
HUTE.TO
Harvest Equal Weight Global Utilities Enhanced Inc...
-4.57%
97.17MOct 2022YPLT.NEO vs HUTE.TO
ZWU.TO
BMO Covered Call Utilities ETF
-4.86%
2.17BOct 2011YPLT.NEO vs ZWU.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 $62M.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
YGOG.NEO
Alphabet (GOOGL) Yield Shares Purpose ETFDerivative Income, Technology Equities
92
10.76%
62.20MDec 2022YPLT.NEO vs YGOG.NEO

Often Compared With YPLT.NEO

Investors most often compare YPLT.NEO with EMAX.TO, HDIV.TO, PLTE.TO. These 15 comparison targets span 3 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETFEnergy Equities, Derivative Income
76
30.95%
476.70MFeb 2024YPLT.NEO vs EMAX.TO
HDIV.TO
Hamilton Enhanced Canadian Covered Call ETFDerivative Income
93
17.22%
1.63BJul 2021YPLT.NEO vs HDIV.TO
PLTE.TO
Harvest Palantir Enhanced High Income Shares ETFDerivative Income
14
-21.20%
—Jan 2025YPLT.NEO vs PLTE.TO
TEC.TO
TD Global Technology Leaders Index ETFTechnology Equities
60
17.79%
5.04BMay 2019YPLT.NEO vs TEC.TO
QMVP.TO
Hamilton Champions U.S. Technology Index ETFTechnology Equities———Jan 2026YPLT.NEO vs QMVP.TO
ZWC.TO
BMO CA High Dividend Covered Call ETFDerivative Income
93
12.26%
2.30BFeb 2017YPLT.NEO vs ZWC.TO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...Derivative Income, Energy Equities
89
30.00%
759.08MApr 2011YPLT.NEO vs ENCC.TO
RCDC.TO
RBC Canadian Dividend Covered Call ETFDerivative Income
93
12.49%
—Jan 2023YPLT.NEO vs RCDC.TO
ZXLK.TO
BMO SPDR Technology Select Sector Index ETFTechnology Equities
71
37.64%
—Feb 2025YPLT.NEO vs ZXLK.TO
GOGY.TO
Harvest Alphabet Enhanced High Income Shares ETF C...Derivative Income
93
14.33%
—Mar 2025YPLT.NEO vs GOGY.TO
HPYT.TO
Harvest Premium Yield Treasury ETF ADerivative Income
18
-0.30%
385.04MMay 2024YPLT.NEO vs HPYT.TO
PLTR
Palantir Technologies Inc.
46
-20.28%
——YPLT.NEO vs PLTR
CRCY.TO
Harvest Circle Enhanced High Income Shares ETF Cla...Derivative Income—
3.77%
—Sep 2025YPLT.NEO vs CRCY.TO
MSTE.TO
Harvest MicroStrategy Enhanced High Income Shares ...Derivative Income
2
-18.72%
—Mar 2025YPLT.NEO vs MSTE.TO
QDAY.NEO
Hamilton EnhancedTechnology DayMAX™ ETFDerivative Income—
29.96%
—Jul 2025YPLT.NEO vs QDAY.NEO

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