EDGX vs ODTE

EDGXBGlobal X U.S. 500 Income Edge ETF

ODTEDVegaShares SPX NDX RTY Premium Income ETF

In short

EDGX Income on a weekly clock. EDGX writes calls on part of a 500-stock US large-cap core, targets a 9% annualized distribution rate, and currently charges nothing: the 0.50% fee is waived to zero through March 1, 2027.

ODTE One options overlay, three indexes: ODTE writes covered calls on the S&P 500, Nasdaq-100 and Russell 2000 to pull in premium while holding the underlying exposure underneath. Actively managed, income first, appreciation second.

Stated mandate

EDGX The fund seeks current income and exposure to the Solactive GBS United States 500 Index. It is actively managed and generates weekly income by writing call options.

ODTE The Fund primarily seeks current income and secondarily capital appreciation. It is actively managed and uses covered calls on SPX, NDX, and RTY to generate weekly income while retaining longer-term exposure to those indexes.

Why people hold it

• EDGX The entire 0.50% fee is waived to zero through March 1, 2027. Peers in the group carry theirs with no waiver: DJIA at 0.60%, THTA at 0.65%, HYGW at 0.69%.
• Pays weekly rather than quarterly, targeting a 9% annualized distribution rate funded by option premiums and the dividends thrown off by its equity sleeve.globalxetfs.comglobalxetfs.com 2
• Calls are sold on only a portion of the portfolio, and the managers dial coverage up or down as market conditions shift, so some equity exposure stays uncapped.globalxetfs.comglobalxetfs.com 2
• One of the stronger implementations in a crowded options-income field of roughly two dozen funds.

• ODTE Premium comes off three different benchmarks (S&P 500, Nasdaq-100, Russell 2000), so the income engine isn't wired to a single index's volatility.
• Actively managed: a manager sets the call writing rather than an index formula grinding through a fixed schedule.
• At 0.76%, the fee lands right around what option-income overlay funds typically charge.
• Ordinary 1940 Act fund wrapper, so the options work happens inside a standard ETF, no partnership K-1 to deal with.

Worth knowing

• EDGX The waiver ends March 1, 2027. Unless it is extended, the 0.50% gross expense ratio applies after that.
• The covered slice gives up gains above the strike, and the 9% figure is a target, not a floor: distributions come out of NAV and may include return of capital.streetinsider.com
• Launched in 2026, it is a small fund that trades thinly, so the bid-ask spread is part of the cost of getting in and out.

• ODTE Covered calls swap upside for premium. When the indexes rip, the written calls limit how much of that move the fund keeps.
• The fund discloses that payouts can include return of capital, meaning part of a distribution may be your own money coming back rather than income earned.
• A 2026 launch that is still small and lightly traded, so spreads can run wider than in the category's household names.

Full EDGX profile⁠

Full ODTE profile⁠