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EDGXGlobal X U.S. 500 Income Edge ETF

Get incomeRanked #1,591 of 1,622 in this goal

Seeks to provide current income and exposure to the Solactive GBS United States 500 Index.

Annual Cost

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#5,562 of 5,562 · expensive

Fund Size

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#5,562 of 5,562 · small

Dividend YieldGoal

—

Track Record

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#5,562 of 5,562 · young

Performance

Total-return NAV · USD
Growth of $10,000
$10,873+8.7%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

Index tracked

Solactive GBS United States 500 Index

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
N/A
Max drawdown
-7.6%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
NYSE Arca, NYSE American

Full fund details

Objective
Seeks to provide current income and exposure to the Solactive GBS United States 500 Index.
Strategy
Actively managed ETF that generates weekly income by selling call options and investing at least 80% of net assets in equity securities of the Solactive GBS United States 500 Index. Seeks to achieve a 9% annualized distribution rate.

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

Covered call ETF — yield ≠ total return

The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.

Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Why we flagged this: strategy=option_income + option_income_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19