EDGX vs PAYM

EDGXBGlobal X U.S. 500 Income Edge ETF

PAYMCTrueShares S&P Autocallable Defensive 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.

PAYM Autocallables are the private bank's income trade: contingent coupons, a downside barrier, an early call. PAYM tracks an index of them inside a 1940 Act ETF that trades on an exchange all day and declares income monthly.

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.

PAYM The Fund seeks moderate monthly income while aiming to reduce downside risk. It pursues this objective through a synthetic portfolio of autocallable notes and invests primarily in U.S. Treasuries, cash, cash equivalents, and unfunded total return swaps.

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.

• PAYM Puts a structured-note payoff, contingent coupons plus a conditional downside cushion, into a registered fund wrapper you can buy and sell on exchange.
• Income is the stated job, not a byproduct: the prospectus objective is moderate monthly income with reduced downside risk, on a monthly declaration schedule.
• Rules do the work. Exposure follows an S&P 500 futures index that targets 20% intraday volatility and applies a 2% decrement, not a manager's option calls.

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.

• PAYM The cushion is conditional. Coupons hinge on the index holding above its barrier, and an autocall can end the exposure early and hand the cash back.
• At 0.74% it sits at the peer median, while autocallable rival ATCL (0.65%) and covered-call DJIA (0.60%) charge less for their income builds.
• It launched at the end of 2025 and has traded thinly, so there is little history to judge and spreads can be wider than in the big options-income names.

Full EDGX profile⁠

Full PAYM profile⁠