EDGQ vs HEQQ

EDGQBGlobal X Nasdaq-100 Income Edge ETF

HEQQBJPMorgan Nasdaq Hedged Equity Laddered Overlay 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).

HEQQ J.P. Morgan took its hedged equity playbook, the one built on overlapping option ladders, and pointed it at the Nasdaq-100. Active stock picking underneath, a rolling hedge on top, priced below the typical options-overlay fund.

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.

HEQQ HEQQ seeks capital appreciation from a portfolio of U.S. large- and mid-cap stocks resembling the Nasdaq-100, while using a laddered options strategy to reduce downside risk and pursue a significant portion of Nasdaq-100 returns with lower volatility.

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

• HEQQ Charges 0.50% a year, well under the median fee in its options-overlay peer group.
• The hedge is laddered across multiple option periods rather than pinned to a single expiration, so the overlay rolls instead of resetting all at once.jpmorgan.com
• Underneath sits an actively run book of about 100 US large and mid caps resembling the Nasdaq-100, not a mechanical index copy.
• Pays quarterly and lands in the upper half of its options-overlay cohort, with the low fee doing much of that work.

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.

• HEQQ The hedge costs upside: the fund targets a significant portion of Nasdaq-100 returns with lower volatility, not the full index move.
• Thinly traded with a small asset base, so spreads can run wider than at the category's largest funds.
• Launched in 2025, so the record is short and the risk picture rests on limited history.

Full EDGQ profile⁠

Full HEQQ profile⁠