EDGQ vs XQQI

EDGQBGlobal X Nasdaq-100 Income Edge ETF

XQQICNEOS Boosted Nasdaq-100 High 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).

XQQI Take the NEOS Nasdaq-100 covered-call recipe and turn the exposure dial to roughly 150% of notional. Same index-option income machinery as the plain version, with leverage amplifying both the premium collected and the drawdowns.

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.

XQQI The Fund seeks to boost performance by generating high monthly income in a tax-efficient manner, with potential for enhanced equity appreciation in rising markets.

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

• XQQI Mechanically simple boost: bought index calls plus sold index puts lift long exposure to about 150% of notional, and the NDX call overlay then writes premium on that larger base.neosfunds.com
• Distributions are paid monthly, and the NDX index options it writes are Section 1256 contracts taxed at blended 60/40 rates, with opportunistic tax loss harvesting on top.neosfunds.com
• The leverage is built from listed index options rather than a swap counterparty, inside a plain 1940 Act ETF wrapper with the usual prospectus and holdings disclosure.neosfunds.comneosfunds.com 2
• It leans on an established franchise: NEOS built the boosted suite on the options framework already running in its largest Nasdaq-100, S&P 500 and bitcoin income funds.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.

• XQQI At 0.98% a year it costs more than the typical Nasdaq-100 income fund, where the median is 0.68%, also the fee on the unlevered sibling QQQI.
• Leverage cuts both ways: roughly 150% exposure magnifies Nasdaq-100 declines, while the sold calls hand back part of a strong rally.neosfunds.comneosfunds.com 2
• It launched in 2026, so the record is short, and payouts have been classified as return of capital, which can reduce net asset value over time.neosfunds.com

Full EDGQ profile⁠

Full XQQI profile⁠