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Broadcom (AVGO) Yield Shares Purpose ETF (YAVG.NEO) Alternatives

ETF · Currency in CAD · Last updated Jun 24, 2026

The Broadcom (AVGO) Yield Shares Purpose ETF (YAVG) seeks to provide unitholders with monthly distributions and long-term capital appreciation by investing primarily in shares of Broadcom Inc. (AVGO) and writing covered call options on a portion of the position to generate enhanced income. The fund employs modest leverage of up to 25% to amplify exposure while maintaining its core single-stock equity position.

Broadcom (AVGO) Yield Shares Purpose ETF (YAVG.NEO) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with YAVG.NEO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to YAVG.NEO

Among 78 ETFs in the Derivative Income category with expense-ratio data, the lowest-cost alternatives shown here go as low as 0.04%.

SymbolNameExpense RatioAUMInception
USCL.TO
Global X Enhanced S&P 500 Covered Call ETF0.04%250.98MJul 2023YAVG.NEO vs USCL.TO
ECHI.TO
Ninepoint Enhanced Canadian HighShares ETF0.29%—Aug 2025YAVG.NEO vs ECHI.TO
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF0.29%155.19MNov 2025YAVG.NEO vs EQLI.TO
JEPI.TO
JPMorgan US Equity Premium Income Active ETF0.35%—Sep 2024YAVG.NEO vs JEPI.TO
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF0.35%136.22MSep 2024YAVG.NEO vs JEPQ.TO

Best Risk-Adjusted Alternatives to YAVG.NEO

YAVG.NEO has a PortfoliosLab risk / return rank of 58. There are 38 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 98.

SymbolNameRisk / Return RankAUMInception
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
98
—Jun 2022YAVG.NEO vs HLIF.TO
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
98
—Feb 2022YAVG.NEO vs CBNK.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
97
1.16BFeb 2022YAVG.NEO vs BANK.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF
97
4.65BJan 2011YAVG.NEO vs ZWB.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
97
197.22MJul 2023YAVG.NEO vs BKCL.TO

Top Performing YAVG.NEO Alternatives (YTD)

YAVG.NEO is at 28.52% YTD. There is 1 ETF in the Derivative Income category with a higher YTD return, going as high as 41.95%.

SymbolNameYTD ReturnAUMInception
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
41.95%
—Feb 2022YAVG.NEO vs CBNK.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
27.83%
267.19MOct 2023YAVG.NEO vs ENCL.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
26.80%
1.16BFeb 2022YAVG.NEO vs BANK.TO
EMCL.NEO
Global X Enhanced MSCI Emerging Markets Covered Ca...
26.59%
7.51MMay 2024YAVG.NEO vs EMCL.NEO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
26.21%
197.22MJul 2023YAVG.NEO vs BKCL.TO

Lowest Volatility Alternatives to YAVG.NEO

YAVG.NEO has 54.43% 1-year volatility. There are 82 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.62%.

SymbolNameVolatility 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...1.62%227.30MSep 2024YAVG.NEO vs HBIL.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.66%230.93MJan 2024YAVG.NEO vs HPYM.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF6.87%1.36BJun 2023YAVG.NEO vs UMAX.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A7.00%—Jun 2022YAVG.NEO vs HLIF.TO
ZWU.TO
BMO Covered Call Utilities ETF7.67%2.20BOct 2011YAVG.NEO vs ZWU.TO

Lowest Drawdown Alternatives to YAVG.NEO

YAVG.NEO has a 1-year max drawdown of -25.90%. There are 61 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.95%.

SymbolNameMax Drawdown 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...
-0.95%
227.30MSep 2024YAVG.NEO vs HBIL.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
-3.09%
—Jun 2022YAVG.NEO vs HLIF.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...
-3.87%
230.93MJan 2024YAVG.NEO vs HPYM.TO
ZWU.TO
BMO Covered Call Utilities ETF
-4.86%
2.20BOct 2011YAVG.NEO vs ZWU.TO
DXQ.TO
Dynamic Active Enhanced Yield Covered Options ETF
-5.11%
—Sep 2022YAVG.NEO vs DXQ.TO

Other ETFs from Purpose Investments

The 10 most viewed Purpose Investments ETFs shown here include KILO.TO, BTCC.TO, PSA.TO and span 8 categories. AUM among these funds goes as high as $4B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
KILO.TO
Purpose Gold Bullion FundGold, Precious Metals
19
-8.68%
1.10BOct 2018YAVG.NEO vs KILO.TO
BTCC.TO
Purpose Bitcoin CAD ETF Currency Hedged UnitsCryptocurrency
1
-32.99%
1.70BFeb 2021YAVG.NEO vs BTCC.TO
PSA.TO
Purpose High Interest Savings FundMoney Market
99
1.03%
4.10BOct 2013YAVG.NEO vs PSA.TO
MNY.TO
Purpose Cash Management FundMoney Market
100
1.09%
2.90BSep 2022YAVG.NEO vs MNY.TO
YTSL.NEO
Tesla (TSLA) Yield Shares Purpose ETFDerivative Income
22
-17.35%
419.10MDec 2022YAVG.NEO vs YTSL.NEO
SBT.TO
Purpose Silver Bullion FundSilver, Precious Metals
26
-22.15%
155.00MMay 2016YAVG.NEO vs SBT.TO
PDIV.TO
Purpose Enhanced Dividend Fund ETFDividend
87
7.79%
223.90MJan 2018YAVG.NEO vs PDIV.TO
PMM.TO
Purpose Multi-Strategy Market Neutral FundLong-Short
76
7.39%
11.10MOct 2014YAVG.NEO vs PMM.TO
YNVD.NEO
NVIDIA (NVDA) Yield Shares Purpose ETFDerivative Income
39
8.01%
206.50MJan 2024YAVG.NEO vs YNVD.NEO
BTCY.TO
Purpose Bitcoin Yield ETF - ETF Units
1
-36.91%
116.50MDec 2021YAVG.NEO vs BTCY.TO

Often Compared With YAVG.NEO

Investors most often compare YAVG.NEO with AVGY.TO, NXF.TO, RCDC.TO. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
AVGY.TO
Harvest Broadcom Enhanced High Income Shares ETF -...Derivative Income
44
16.37%
—Mar 2025YAVG.NEO vs AVGY.TO
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...Energy Equities, Derivative Income
39
19.97%
116.28MFeb 2015YAVG.NEO vs NXF.TO
RCDC.TO
RBC Canadian Dividend Covered Call ETFDerivative Income
95
14.92%
—Jan 2023YAVG.NEO vs RCDC.TO
HUTE.TO
Harvest Equal Weight Global Utilities Enhanced Inc...Derivative Income, Utilities Equities
56
12.50%
101.38MOct 2022YAVG.NEO vs HUTE.TO
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETFEnergy Equities, Derivative Income
53
20.41%
467.50MFeb 2024YAVG.NEO vs EMAX.TO
KILO-B.TO
Purpose Gold Bullion Fund ETF Non-Currency HedgedGold, Precious Metals
28
-1.48%
—Oct 2018YAVG.NEO vs KILO-B.TO
CNQE.TO
Harvest CNQ Enhanced High Income Shares ETFDerivative Income—
22.02%
—Aug 2025YAVG.NEO vs CNQE.TO
BKCC.TO
Global X Equal Weight Canadian Bank Covered Call E...Derivative Income
97
21.12%
395.62MMay 2011YAVG.NEO vs BKCC.TO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...Derivative Income, Energy Equities
78
22.25%
708.27MApr 2011YAVG.NEO vs ENCC.TO
GOGY.TO
Harvest Alphabet Enhanced High Income Shares ETF C...Derivative Income
94
13.52%
—Mar 2025YAVG.NEO vs GOGY.TO
ZWC.TO
BMO CA High Dividend Covered Call ETFDerivative Income
94
11.81%
2.35BFeb 2017YAVG.NEO vs ZWC.TO
CCCB.TO
CIBC Canadian Banks Covered Call ETFDerivative Income—
25.82%
—Aug 2025YAVG.NEO vs CCCB.TO
BTCC-B.TO
Purpose Bitcoin ETF Non-Currency Hedged UnitsCryptocurrency
3
-26.24%
—Feb 2021YAVG.NEO vs BTCC-B.TO
YGOG.NEO
Alphabet (GOOGL) Yield Shares Purpose ETFDerivative Income, Technology Equities
93
7.18%
63.10MDec 2022YAVG.NEO vs YGOG.NEO
HMAX.TO
Hamilton Canadian Financials Yield Maximizer ETFDerivative Income
95
17.37%
2.47BJan 2023YAVG.NEO vs HMAX.TO
ZWG.TO
BMO Global High Dividend Covered Call ETFDerivative Income
73
13.42%
319.94MJan 2020YAVG.NEO vs ZWG.TO
BCCL.NEO
Global X Enhanced Bitcoin Covered Call ETFDerivative Income
3
-29.48%
—Apr 2025YAVG.NEO vs BCCL.NEO
HPYE.TO
Harvest Premium Yield Enhanced ETFDerivative Income, Leveraged Equities, Large Cap Blend Equities———Jan 2026YAVG.NEO vs HPYE.TO
HPYT.TO
Harvest Premium Yield Treasury ETF ADerivative Income
16
1.34%
377.33MMay 2024YAVG.NEO vs HPYT.TO
EMCC.NEO
Global X MSCI Emerging Markets Covered Call ETFDerivative Income
75
21.33%
—May 2024YAVG.NEO vs EMCC.NEO

Compare YAVG.NEO with Any Fund or Stock

Compare YAVG.NEO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair YAVG.NEO with funds that move differently

Broadcom (AVGO) Yield Shares Purpose ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to YAVG.NEO.

Explore YAVG.NEO Diversifiers