EDGX vs PAYH

EDGXBGlobal X U.S. 500 Income Edge ETF

PAYHDTrueShares S&P Autocallable High 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.

PAYH Autocallable notes are usually a private-bank product. PAYH packages that payoff into an ETF: an index of synthetic autocallables on a volatility-targeted S&P 500 futures index, with monthly income as the stated goal.

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.

PAYH The Fund seeks to generate high monthly income while reducing downside risk through exposure to an index tracking a synthetic portfolio of autocallable notes linked to a custom volatility index.

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.

• PAYH An autocallable-style income strategy in a plain 1940 Act ETF wrapper: no private-bank minimums, no note paperwork, just a ticker.
• Rules-based, not discretionary. It tracks an index of synthetic autocallable notes rather than leaning on a trader's judgment about when to write options.
• The reference index, S&P 500 Futures 35% Intraday VT 4% Decrement, is engineered for note pricing: a volatility target that dials exposure, plus a fixed annual drag that funds a richer coupon.
• The mandate is unusually specific for an income fund: high monthly income paired with reduced downside risk, both written into the objective.

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.

• PAYH At 0.74% it sits above autocallable rival ATCL (0.65%) and the cheaper names at the top of the options-income group, so the coupon has more fee to clear.
• Launched at the end of 2025 and still small, it trades lightly, so there is no full-cycle record and spreads can run wider than the category's household names.
• Monthly income is the goal, not a guarantee: autocallable coupons hinge on where the reference index sits, so payouts can arrive unevenly.

Full EDGX profile⁠

Full PAYH profile⁠