EDGQ vs QYLG

EDGQBGlobal X Nasdaq-100 Income Edge ETF

QYLGAGlobal X Nasdaq 100 Covered Call & Growth 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).

QYLG Covered calls, but only on half the book. QYLG owns the Nasdaq-100 and sells at-the-money calls on roughly 50% of the portfolio, trading away half the index's upside for monthly option income instead of all of it.

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.

QYLG QYLG combines exposure to Nasdaq-100 stocks with a covered-call program on approximately half of the portfolio. The strategy is intended to provide income while retaining some upside participation.

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

• QYLG Calls cover about half the portfolio, so the unwritten half keeps full participation in Nasdaq-100 moves instead of getting capped every month.globalxetfs.com
• A 0.35% expense ratio undercuts most Nasdaq-100 option-income funds, including Global X's own full-overwrite sibling QYLD.
• Rules-based, not discretionary: it follows the Cboe Nasdaq-100 Half BuyWrite V2 Index, and its delivery of that stated mandate sits in the top quartile of its peer group.globalxetfs.com
• Distributions run monthly, a cadence the fund has kept since its 2020 launch.globalxetfs.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.

• QYLG Half the overwrite, roughly half the premium: by design this generates less income than a full covered-call fund like QYLD writing on the whole portfolio.globalxetfs.com
• The written half uses at-the-money calls, so that slice's gains stop at the strike in a hot month. Premium collected rises and falls with volatility.globalxetfs.com
• Assets and daily volume are modest next to the category's heavyweights, so bid-ask spreads matter more on larger orders.

Full EDGQ profile⁠

Full QYLG profile⁠