EDGQ vs FTQI

EDGQAGlobal X Nasdaq-100 Income Edge ETF

FTQIAFirst Trust Nasdaq BuyWrite Income ETF

In short

EDGQ A Nasdaq-100 covered-call fund that rewrites its calls every week and dials coverage up or down with volatility, targeting a 13% annualized distribution rate. Fee waived to zero through March 1, 2027 (0.53% gross).

FTQI Most Nasdaq-100 income funds sell calls on everything, all the time. FTQI works a dial: a hand-picked stock basket with index calls written on 50% to 100% of assets, so managers choose how much upside gets sold. Running since 2014, pays monthly.

Stated mandate

EDGQ The Fund seeks current income and exposure to the Nasdaq-100 Index. It uses an actively managed covered-call strategy, writing calls on part of its Nasdaq-100 portfolio to generate weekly income while leaving some exposure uncapped for potential appreciation.

FTQI The fund seeks current income by investing primarily in U.S.-listed equities and writing exchange-traded covered calls on the Nasdaq-100 Index to obtain option-premium cash flow.

Why people hold it

• EDGQ Zero net fee: the 0.53% gross expense ratio is waived through March 1, 2027. Peer Nasdaq-100 income funds all charge, from GPIQ's 0.29% (net of a waiver through April 30, 2027) to QYLD's 0.60%.globalxetfs.com
• Weekly option rolls instead of monthly, with coverage that flexes as volatility and premiums shift. Stablemate QYLG writes on a fixed slice and rolls monthly.globalxetfs.comglobalxetfs.com 2
• Calls cover only part of the Nasdaq-100 book, so some exposure stays uncapped, and the fund seeks to pay distributions weekly from premiums plus dividends.globalxetfs.com

• FTQI The overlay is adjustable by design. The prospectus sets call notional at 50% to 100% of assets, so coverage can flex rather than run wide open every cycle.sec.gov
• Managers may also buy a higher-strike Nasdaq-100 call against the ones they sell, a spread built to keep some index upside above the short strike.sec.gov
• The equity sleeve is actively chosen (roughly 230 US-listed stocks) instead of a straight index clone, with the option premium paid out monthly.ftportfolios.com
• Trading since 2014, it predates most of the Nasdaq-100 premium-income wave and stands in the upper tier of a now-crowded peer group.

Worth knowing

• EDGQ The 13% figure is a target, not a floor. Premium income tracks volatility, and gains on the covered slice are capped at the strike.globalxetfs.com
• Absent renewal, the 0.53% gross fee applies after March 1, 2027, landing above JEPQ's 0.35% and GPIQ's 0.29% (net of a waiver through April 30, 2027).
• A 2026 launch still building scale: short record, lighter trading than the category's giants, so limit orders earn their keep.

• FTQI At 0.75%, it prices above the category median, and Nasdaq-100 income rivals such as QQA, GPIQ and JEPQ sit meaningfully lower.
• The Nasdaq mandate dates to a 2022 rename. Before that it ran a hedged S&P 500 buywrite, so the longest stretch of its record reflects a different strategy.cbonds.com
• Selling index calls trades away part of a Nasdaq rally for premium, and the monthly payout can include return of capital, which reduces your cost basis.sec.gov

Full EDGQ profile⁠

Full FTQI profile⁠