ACII vs EDGX

ACIICInnovator Index Autocallable Income Strategy ETF

EDGXBGlobal X U.S. 500 Income Edge ETF

In short

ACII Wall Street's autocallable note, unpacked into an ETF: a ladder of swaps tied to the S&P 500, Russell 2000 and Nasdaq-100, paying income while the indexes hold up, with losses tracking the worst one if a barrier breaks.

EDGX Income on a weekly clock. EDGX writes calls on part of a 500-stock US large-cap core, targets a 9% annualized distribution rate, and currently charges nothing: the 0.50% fee is waived to zero through March 1, 2027.

Stated mandate

ACII The Fund is designed to generate substantial income while offering potential downside-loss mitigation.

EDGX The fund seeks current income and exposure to the Solactive GBS United States 500 Index. It is actively managed and generates weekly income by writing call options.

Why people hold it

• ACII Autocallable payoffs normally arrive as bank-issued notes. Here the exposure sits inside a 1940 Act ETF that trades on an exchange any market day.
• The swaps are laddered rather than struck all at once, so coupon and barrier terms get set at staggered dates instead of hinging on one entry point.
• Built for cash flow: Innovator's product materials set a monthly distribution schedule, funded by the coupons the autocallable swaps generate.innovatoretfs.com
• Actively managed against three of the most widely followed U.S. equity benchmarks, so the manager can reset references and terms as market conditions change.

• EDGX The entire 0.50% fee is waived to zero through March 1, 2027. Peers in the group carry theirs with no waiver: DJIA at 0.60%, THTA at 0.65%, HYGW at 0.69%.
• Pays weekly rather than quarterly, targeting a 9% annualized distribution rate funded by option premiums and the dividends thrown off by its equity sleeve.globalxetfs.comglobalxetfs.com 2
• Calls are sold on only a portion of the portfolio, and the managers dial coverage up or down as market conditions shift, so some equity exposure stays uncapped.globalxetfs.comglobalxetfs.com 2
• One of the stronger implementations in a crowded options-income field of roughly two dozen funds.

Worth knowing

• ACII Worst-of math: the downside keys off the weakest of the three indexes, not the average. The swaps are OTC contracts, so bank counterparty exposure comes along.
• 0.79% a year, versus 0.65% at REX's ATCL, the other autocallable-income ETF in this peer set.
• Launched in 2025, so the track record is short. Payouts can vary period to period and the fund discloses that distributions may include return of capital.

• EDGX The waiver ends March 1, 2027. Unless it is extended, the 0.50% gross expense ratio applies after that.
• The covered slice gives up gains above the strike, and the 9% figure is a target, not a floor: distributions come out of NAV and may include return of capital.streetinsider.com
• Launched in 2026, it is a small fund that trades thinly, so the bid-ask spread is part of the cost of getting in and out.

Full ACII profile⁠

Full EDGX profile⁠