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

ETF · Currency in CAD · Last updated Jul 15, 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 83 ETFs in the Derivative Income category with expense-ratio data, the lowest-cost alternatives shown here go as low as 0.29%.

SymbolNameExpense RatioAUMInception
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%169.56MNov 2025YAVG.NEO vs EQLI.TO
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF0.35%136.22MSep 2024YAVG.NEO vs JEPQ.TO
JEPI.TO
JPMorgan US Equity Premium Income Active ETF0.35%—Sep 2024YAVG.NEO vs JEPI.TO
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...0.35%224.00MSep 2024YAVG.NEO vs HBIL.TO

Best Risk-Adjusted Alternatives to YAVG.NEO

YAVG.NEO has a PortfoliosLab risk / return rank of 57. There are 45 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
180.28MJun 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...
98
1.26BFeb 2022YAVG.NEO vs BANK.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF
98
4.84BJan 2011YAVG.NEO vs ZWB.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
97
198.10MJul 2023YAVG.NEO vs BKCL.TO

Top Performing YAVG.NEO Alternatives (YTD)

YAVG.NEO is at 32.14% YTD. There are 2 ETFs in the Derivative Income category with higher YTD returns, going as high as 47.03%.

SymbolNameYTD ReturnAUMInception
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
47.03%
—Feb 2022YAVG.NEO vs CBNK.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
35.01%
271.10MOct 2023YAVG.NEO vs ENCL.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
31.92%
1.26BFeb 2022YAVG.NEO vs BANK.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
30.90%
198.10MJul 2023YAVG.NEO vs BKCL.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF
30.20%
4.84BJan 2011YAVG.NEO vs ZWB.TO

Lowest Volatility Alternatives to YAVG.NEO

YAVG.NEO has 55.18% 1-year volatility. There are 89 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.76%.

SymbolNameVolatility 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...1.76%224.00MSep 2024YAVG.NEO vs HBIL.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.74%259.21MJan 2024YAVG.NEO vs HPYM.TO
ZPH.TO
BMO US Put Write Hedged to CAD ETF6.53%35.29MFeb 2017YAVG.NEO vs ZPH.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A7.05%180.28MJun 2022YAVG.NEO vs HLIF.TO
ZPW.TO
BMO US Put Write ETF7.32%105.45MSep 2015YAVG.NEO vs ZPW.TO

Lowest Drawdown Alternatives to YAVG.NEO

YAVG.NEO has a 1-year max drawdown of -25.90%. There are 69 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%
224.00MSep 2024YAVG.NEO vs HBIL.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
-3.09%
180.28MJun 2022YAVG.NEO vs HLIF.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...
-3.87%
259.21MJan 2024YAVG.NEO vs HPYM.TO
ZWU.TO
BMO Covered Call Utilities ETF
-4.86%
2.21BOct 2011YAVG.NEO vs ZWU.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF
-5.11%
1.41BJun 2023YAVG.NEO vs UMAX.TO

Other ETFs from Purpose Investments

The 10 most viewed Purpose Investments ETFs shown here include KILO.TO, PSA.TO, BTCC.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
22
-7.24%
1.00BOct 2018YAVG.NEO vs KILO.TO
PSA.TO
Purpose High Interest Savings FundMoney Market
99
1.15%
4.10BOct 2013YAVG.NEO vs PSA.TO
BTCC.TO
Purpose Bitcoin CAD ETF Currency Hedged UnitsCryptocurrency
1
-27.97%
1.70BFeb 2021YAVG.NEO vs BTCC.TO
YTSL.NEO
Tesla (TSLA) Yield Shares Purpose ETFDerivative Income
40
-10.73%
437.60MDec 2022YAVG.NEO vs YTSL.NEO
MNY.TO
Purpose Cash Management FundMoney Market
100
1.22%
2.90BSep 2022YAVG.NEO vs MNY.TO
SBT.TO
Purpose Silver Bullion FundSilver, Precious Metals
26
-19.30%
135.40MMay 2016YAVG.NEO vs SBT.TO
PDIV.TO
Purpose Enhanced Dividend Fund ETFDividend
92
9.98%
229.70MJan 2018YAVG.NEO vs PDIV.TO
YNVD.NEO
NVIDIA (NVDA) Yield Shares Purpose ETFDerivative Income
36
14.09%
205.90MJan 2024YAVG.NEO vs YNVD.NEO
PMM.TO
Purpose Multi-Strategy Market Neutral FundLong-Short
73
6.44%
11.20MOct 2014YAVG.NEO vs PMM.TO
BTCY.TO
Purpose Bitcoin Yield ETF - ETF Units
2
-31.07%
120.60MDec 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
41
19.18%
—Mar 2025YAVG.NEO vs AVGY.TO
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...Energy Equities, Derivative Income
47
24.59%
127.47MFeb 2015YAVG.NEO vs NXF.TO
RCDC.TO
RBC Canadian Dividend Covered Call ETFDerivative Income
96
17.89%
—Jan 2023YAVG.NEO vs RCDC.TO
HUTE.TO
Harvest Equal Weight Global Utilities Enhanced Inc...Derivative Income, Utilities Equities
60
13.61%
103.07MOct 2022YAVG.NEO vs HUTE.TO
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETFEnergy Equities, Derivative Income
64
27.45%
494.30MFeb 2024YAVG.NEO vs EMAX.TO
KILO-B.TO
Purpose Gold Bullion Fund ETF Non-Currency HedgedGold, Precious Metals
29
-3.94%
—Oct 2018YAVG.NEO vs KILO-B.TO
CCCB.TO
CIBC Canadian Banks Covered Call ETFDerivative Income—
29.50%
—Aug 2025YAVG.NEO vs CCCB.TO
CNQE.TO
Harvest CNQ Enhanced High Income Shares ETFDerivative Income—
26.52%
—Aug 2025YAVG.NEO vs CNQE.TO
ZWC.TO
BMO CA High Dividend Covered Call ETFDerivative Income
95
14.02%
2.41BFeb 2017YAVG.NEO vs ZWC.TO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...Derivative Income, Energy Equities
89
27.97%
714.60MApr 2011YAVG.NEO vs ENCC.TO
GOGY.TO
Harvest Alphabet Enhanced High Income Shares ETF C...Derivative Income
94
17.30%
—Mar 2025YAVG.NEO vs GOGY.TO
USCL.TO
Global X Enhanced S&P 500 Covered Call ETFDerivative Income, S&P 500
83
14.16%
250.73MJul 2023YAVG.NEO vs USCL.TO
BKCC.TO
Global X Equal Weight Canadian Bank Covered Call E...Derivative Income
97
24.73%
400.33MMay 2011YAVG.NEO vs BKCC.TO
BTCC-B.TO
Purpose Bitcoin ETF Non-Currency Hedged UnitsCryptocurrency
2
-24.75%
—Feb 2021YAVG.NEO vs BTCC-B.TO
YGOG.NEO
Alphabet (GOOGL) Yield Shares Purpose ETFDerivative Income, Technology Equities
92
11.96%
62.00MDec 2022YAVG.NEO vs YGOG.NEO
HPYE.TO
Harvest Premium Yield Enhanced ETFDerivative Income, Leveraged Equities———Jan 2026YAVG.NEO vs HPYE.TO
BCCL.NEO
Global X Enhanced Bitcoin Covered Call ETFDerivative Income
2
-27.24%
—Apr 2025YAVG.NEO vs BCCL.NEO
ZWG.TO
BMO Global High Dividend Covered Call ETFDerivative Income
67
12.25%
323.65MJan 2020YAVG.NEO vs ZWG.TO
HMAX.TO
Hamilton Canadian Financials Yield Maximizer ETFDerivative Income
96
20.57%
2.53BJan 2023YAVG.NEO vs HMAX.TO
HPYT.TO
Harvest Premium Yield Treasury ETF ADerivative Income
13
-1.59%
360.54MMay 2024YAVG.NEO vs HPYT.TO

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