EDGQ vs TQQY

EDGQBGlobal X Nasdaq-100 Income Edge ETF

TQQYFGraniteShares YieldBOOST QQQ 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).

TQQY Most Nasdaq-100 income funds own the stocks and sell calls. TQQY owns none. It writes puts on a 3x leveraged QQQ fund, where fatter option premiums are the entire point, and pays monthly.

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.

TQQY The fund seeks income primarily by selling put options on leveraged ETFs tracking the 3x Long QQQ Daily ETF, while also seeking capped exposure to that leveraged ETF's performance.

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

• TQQY Income engine: selling near-the-money puts on ProShares UltraPro QQQ, the 3x daily QQQ fund. Leverage makes those options richer, and that premium is the product.graniteshares.comgraniteshares.com 2
• It can pair each written put with a cheaper, lower-strike put bought alongside it, trimming downside on the position in exchange for less premium collected.graniteshares.comgraniteshares.com 2
• No QQQ shares and no dividends from them: at least 80% of net assets go into derivatives on the leveraged ETF. This is an options book, not a stock portfolio.graniteshares.com
• Pays monthly, and the cash backing the options can sit in Treasuries, money market funds and short-term bond ETFs.graniteshares.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.

• TQQY Costs 1.15% net of a waiver through December 31, 2026, against a 7.25% gross figure, and that lands above the category median.
• Cheaper routes to Nasdaq-100 income exist: JEPQ at 0.35%, GPIQ at 0.29% net of a waiver through April 30, 2027.
• Gains in the leveraged ETF are capped by design, distributions can include return of capital, and the fund stays small and thinly traded.graniteshares.comgraniteshares.com 2

Full EDGQ profile⁠

Full TQQY profile⁠