EDGQ vs QQQY

EDGQBGlobal X Nasdaq-100 Income Edge ETF

QQQYCDefiance Nasdaq 100 Weekly Distribution 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).

QQQY The original 0DTE income fund. QQQY sells an in-the-money Nasdaq-100 put every trading day, holds Treasuries as collateral, and pays on a weekly schedule against a stated 30% annual distribution target.

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.

QQQY The Fund seeks current income and secondary exposure to the performance of 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

• QQQY Launched September 2023 as the first ETF built around daily-expiring (0DTE) index options for income.businesswire.com
• The machinery is easy to picture: sell one in-the-money Nasdaq-100 put per trading day, hold Treasuries behind it, keep the premium.defianceetfs.com
• The payout policy is written down, not improvised: a 30% annual distribution rate target, paid weekly.

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.

• QQQY The 1.01% fee sits above most Nasdaq-100 income funds; covered-call peers JEPQ, GPIQ and QYLG charge 0.35%.
• Distributions can include return of capital, which hands back part of your own investment and reduces the share price.defianceetfs.com
• Put-writing takes the index's downside while gains stop at the premium collected. You hold Treasuries and options, not Nasdaq-100 shares.defianceetfs.com

Full EDGQ profile⁠

Full QQQY profile⁠