EDGQ vs IQQQ

EDGQBGlobal X Nasdaq-100 Income Edge ETF

IQQQBProShares Nasdaq-100 High 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).

IQQQ ProShares runs the covered-call playbook on a daily clock: IQQQ sells calls on the Nasdaq-100 that expire every session, then pays out monthly with a stated floor of 6% annualized income. Big-tech exposure with a rent check attached.

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.

IQQQ IQQQ seeks high income through a daily covered-call strategy while pursuing long-term total returns consistent with the Nasdaq-100 Index.

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

• IQQQ Sells Nasdaq-100 calls that expire daily rather than monthly, so premium is harvested every session and the option positions reset constantly.proshares.com
• ProShares states a target of at least 6% annualized income, paid monthly. Most peers just pay what the options market gives them that month.proshares.com
• 0.55% a year undercuts the median fee in its Nasdaq-100 income cohort, and it sits in the upper half of that 27-fund group on our review.
• Holds roughly 100 stocks and keeps chasing Nasdaq-100 total return alongside the income, so it stays a growth-index fund with a yield overlay, not a bond substitute.

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.

• IQQQ Written calls hand away part of a strong Nasdaq rally. The income is paid for with upside.proshares.com
• ProShares discloses that distributions can include return of capital, meaning some of a payout may be your own money coming back.proshares.com
• Launched in 2024, so the record is short, and cheaper Nasdaq-100 income rivals exist: QQA at 0.33%, GPIQ and JEPQ at 0.35%.

Full EDGQ profile⁠

Full IQQQ profile⁠