ZEGA Buy and Hedge ETF (ZHDG) Alternatives
ZEGA Buy and Hedge ETF (ZHDG) 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 ZHDG. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to ZHDG
ZHDG charges 0.98% annually. Among ETFs in the Derivative Income category, these options have the lowest expense ratios among ZHDG alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| iShares S&P 500 BuyWrite ETF | 0.25% | Mar 14, 2024 | ZHDG vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | Sep 5, 2024 | ZHDG vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | Apr 9, 2024 | ZHDG vs FYEE | |
| Parametric Equity Premium Income ETF | 0.29% | Oct 16, 2023 | ZHDG vs PAPI | |
| Invesco S&P 500 BuyWrite ETF | 0.29% | Dec 20, 2007 | ZHDG vs PBP |
Best Risk-Adjusted Alternatives to ZHDG
Among ETFs in the Derivative Income category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| YieldMax GOOGL Option Income Strategy ETF | 97 | Jul 27, 2023 | ZHDG vs GOOY | |
| YieldMax TSM Option Income Strategy ETF | 96 | Aug 20, 2024 | ZHDG vs TSMY | |
| Kurv Yield Premium Strategy Google ETF | 92 | Oct 30, 2023 | ZHDG vs GOOP | |
| Amplify CWP Enhanced Dividend Income ETF | 80 | Dec 13, 2016 | ZHDG vs DIVO | |
| Defiance Oil Enhanced Options Income ETF | 80 | May 9, 2024 | ZHDG vs USOY |
Top Performing ZHDG Alternatives (YTD)
ZHDG alternatives from the Derivative Income category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Defiance Oil Enhanced Options Income ETF | 60.22% | May 9, 2024 | ZHDG vs USOY | |
| YieldMax MRNA Option Income Strategy ETF | 57.12% | Oct 23, 2023 | ZHDG vs MRNY | |
| YieldMax XOM Option Income Strategy ETF | 28.99% | Aug 30, 2023 | ZHDG vs XOMO | |
| YieldMax Short TSLA Option Income Strategy ETF | 20.49% | May 1, 2024 | ZHDG vs CRSH | |
| Roundhill COST WeeklyPay ETF | 17.20% | Oct 23, 2025 | ZHDG vs COSW |
Lowest Volatility Alternatives to ZHDG
ZHDG alternatives from the Derivative Income category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Global X NASDAQ 100 ESG Covered Call ETF | 0.00% | Feb 21, 2023 | ZHDG vs QYLE | |
| Dividend Performers ETF | 0.00% | Dec 24, 2018 | ZHDG vs IPDP | |
| FT Vest Investment Grade & Target Income ETF | 6.23% | Feb 11, 2025 | ZHDG vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 6.88% | Aug 25, 2021 | ZHDG vs XRMI | |
| Global X NASDAQ 100 Risk Managed Income ETF | 7.74% | Aug 25, 2021 | ZHDG vs QRMI |
Lowest Drawdown Alternatives to ZHDG
ZHDG alternatives from the Derivative Income category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| FT Vest Investment Grade & Target Income ETF | -3.41% | Feb 11, 2025 | ZHDG vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | -5.02% | Aug 25, 2021 | ZHDG vs XRMI | |
| Global X NASDAQ 100 Risk Managed Income ETF | -5.04% | Aug 25, 2021 | ZHDG vs QRMI | |
| Kensington Hedged Premium Income ETF | -6.55% | Sep 4, 2024 | ZHDG vs KHPI | |
| T. Rowe Price Capital Appreciation Premium Income ... | -7.24% | Mar 26, 2025 | ZHDG vs TCAL |
Often Compared With ZHDG
What investors most often compare with ZHDG, based on PortfoliosLab usage data.
Compare ZHDG with Any Fund or Stock
Compare ZHDG with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.