EDGQ vs YQQQ

EDGQBGlobal X Nasdaq-100 Income Edge ETF

YQQQFYieldMax Short N100 Option Income Strategy 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).

YQQQ Nearly every Nasdaq-100 income fund is long the index and sells calls. This one faces the other way: short exposure to the index, selling put spreads for weekly cash. Contrarian income, with capped upside.

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.

YQQQ The Fund seeks current income and, secondarily, inverse exposure to the Nasdaq 100 Index, with potential gains limited. It is actively managed and uses a synthetic covered-put/put-spread strategy rather than directly investing in the Index or its constituent companies.

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

• YQQQ The rare inverse take in a cohort of long-the-index call sellers. It targets -1x exposure to the Nasdaq-100 while writing put spreads, with no margin account or share borrow needed.yieldmaxetfs.com
• Income comes from option premium rather than dividends, and the fund declares it weekly rather than quarterly.yieldmaxetfs.com
• Standard 1940 Act ETF plumbing and active management: a 1099 at tax time, not a K-1, and a manager choosing the strikes rather than a fixed rulebook.yieldmaxetfs.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.

• YQQQ Fees run 1.11% a year against a 0.68% median for Nasdaq-100 option income funds. Long-side peers such as JEPQ and GPIQ sit at 0.35%.
• The put spread caps the payoff: a Nasdaq-100 drop helps only up to the spread's limit, and the fund's own documents state gains are limited.yieldmaxetfs.com
• Payouts have included return of capital, so part of a distribution can be your own money coming back rather than strategy income.yieldmaxetfs.com

Full EDGQ profile⁠

Full YQQQ profile⁠