EDGQ vs QQQH

EDGQBGlobal X Nasdaq-100 Income Edge ETF

QQQHBNEOS Nasdaq-100 Hedged Equity 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).

QQQH Most Nasdaq-100 income funds just sell calls. QQQH spends part of that premium on a put spread, so the collar is built to cushion drawdowns as well as pay monthly. Downside cushion in, some upside out.

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.

QQQH The fund seeks high monthly income in a tax-efficient manner while providing a measure of downside protection. It uses Nasdaq-100 stocks together with a put-spread options collar.

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

• QQQH Three legs: sold calls, bought puts, sold lower puts. The prospectus targets a net credit, so premium pays for the hedge instead of the hedge eating the income.sec.gov
• Owns the Nasdaq-100 stocks outright rather than renting exposure through swaps or another ETF, so share dividends stack on top of the index-option premium.sec.gov
• Pays monthly with no advertised target rate, so the payout follows what the options market actually pays rather than a number set in marketing.
• Live since 2019, first as NUSI, with NEOS taking it over in 2024. Real trading history through real drawdowns, not a backtest.neosfunds.com

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.

• QQQH 0.68% sits right at the middle of the Nasdaq-100 income group. QQA (0.33%), JEPQ and GPIQ (0.35%) charge roughly half for their own spin on the trade.
• Upside is capped by design. The prospectus says plainly that gains are limited, which is the price of the put spread underneath.sec.gov
• Trades thinner than the category's giants, so limit orders earn their keep. Part of the distribution can be return of capital, which the fund discloses.

Full EDGQ profile⁠

Full QQQH profile⁠