EDGQ vs QXQ

EDGQBGlobal X Nasdaq-100 Income Edge ETF

QXQCSGI Enhanced Nasdaq 100 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).

QXQ A boutique, actively managed take on Nasdaq-100 income: a manager decides which options to write instead of following a covered-call rulebook, and income lands quarterly. The discretion comes at the pricier end of the category.

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.

QXQ The Fund seeks capital appreciation and current income. It is actively managed, invests at least 80% of its net assets in Nasdaq-100-related equity or index-replication instruments, and uses options strategies to generate income.

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

• QXQ Actively managed rather than rules-based. The manager chooses the options, with at least 80% of net assets in Nasdaq-100 equity or index-replication instruments.
• Dual mandate stated plainly in the filings: capital appreciation plus current income. The options overlay supplements the Nasdaq-100 exposure rather than replacing it.
• Does what the label says. The portfolio and the options program line up closely with the Nasdaq-100 income mandate in its own documents.

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.

• QXQ At 0.98% a year, it sits above the roughly 0.68% median for Nasdaq-100 income funds, and well above peers like JEPQ, GPIQ and QQA near 0.35%.
• A small fund that trades thinly, so getting in and out can cost more than it does in the category's household names.
• Launched in 2024, so the live record is short, and income arrives quarterly rather than monthly. It currently sits in the lower half of its peer group.

Full EDGQ profile⁠

Full QXQ profile⁠