EDGQ vs QLDY

EDGQBGlobal X Nasdaq-100 Income Edge ETF

QLDYDDefiance Nasdaq 100 LightningSpread 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).

QLDY Defiance's spin on Nasdaq-100 exposure: options for the ride, daily put-spread sales for the income, and a paycheck that lands twice a week instead of once a month.

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.

QLDY The fund seeks frequent income while preserving an opportunity for indirect participation in Nasdaq-100 performance, subject to a limit on potential gains.

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

• QLDY Pays twice a week. Defiance launched the fund billing that cadence as an industry first, and the twice-weekly schedule is baked into its stated income policy.globenewswire.com
• The engine is legible: options for long exposure to the Nasdaq-100's price return, plus put spreads sold daily to generate the cash it distributes.defianceetfs.comsec.gov
• At 1.04% a year it lands right at the median for its leveraged-bull peer group, and it stands in the upper half of that cohort on our review.

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.

• QLDY The income has a price tag. The fund's own objective says participation in Nasdaq-100 performance is subject to a limit on potential gains.
• It launched in September 2025, so the track record is short, and the same-day put spreads at its core carry exposure to sharp single-day drops.sec.gov
• Small fund, light trading. That can mean wider bid-ask spreads and more price-to-NAV wobble than in the category's household names like QLD and TQQQ.

Full EDGQ profile⁠

Full QLDY profile⁠