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

ETF · Currency in CAD · Last updated Aug 5, 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

YAVG.NEO charges 1.19% annually. There are 102 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.21%.

SymbolNameExpense RatioAUMInception
QQCI.TO
Invesco NASDAQ 100 Income Advantage ETF0.21%63.79MAug 2024YAVG.NEO vs QQCI.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%169.56MNov 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 60. There are 55 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
195.83MJun 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
1.33BFeb 2022YAVG.NEO vs BANK.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF
97
4.77BJan 2011YAVG.NEO vs ZWB.TO
BKCC.TO
Global X Equal Weight Canadian Bank Covered Call E...
97
405.23MMay 2011YAVG.NEO vs BKCC.TO

Top Performing YAVG.NEO Alternatives (YTD)

YAVG.NEO is at 44.89% YTD. No ETFs in the Derivative Income category have higher YTD returns; the top-performing alternatives shown here go as high as 44.76%.

SymbolNameYTD ReturnAUMInception
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
44.76%
—Feb 2022YAVG.NEO vs CBNK.TO
CNQE.TO
Harvest CNQ Enhanced High Income Shares ETF
37.43%
—Aug 2025YAVG.NEO vs CNQE.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
36.74%
295.63MOct 2023YAVG.NEO vs ENCL.TO
HPF.TO
Harvest Energy Leaders Income ETF – Class A Units
34.39%
69.39MOct 2014YAVG.NEO vs HPF.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
33.40%
1.33BFeb 2022YAVG.NEO vs BANK.TO

Lowest Volatility Alternatives to YAVG.NEO

YAVG.NEO has 57.11% 1-year volatility. There are 117 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.78%.

SymbolNameVolatility 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...1.78%214.20MSep 2024YAVG.NEO vs HBIL.TO
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...1.98%152.80MSep 2024YAVG.NEO vs HBIL-U.TO
PYF.TO
Purpose Premium Yield Fund Series ETF3.28%682.20MNov 2018YAVG.NEO vs PYF.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.65%249.28MJan 2024YAVG.NEO vs HPYM.TO
PINC.TO
Purpose Multi-Asset Income Fund6.34%108.20MApr 2018YAVG.NEO vs PINC.TO

Lowest Drawdown Alternatives to YAVG.NEO

YAVG.NEO has a 1-year max drawdown of -25.90%. There are 91 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%
214.20MSep 2024YAVG.NEO vs HBIL.TO
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...
-1.32%
152.80MSep 2024YAVG.NEO vs HBIL-U.TO
PYF.TO
Purpose Premium Yield Fund Series ETF
-2.11%
682.20MNov 2018YAVG.NEO vs PYF.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
-3.09%
195.83MJun 2022YAVG.NEO vs HLIF.TO
PINC.TO
Purpose Multi-Asset Income Fund
-3.59%
108.20MApr 2018YAVG.NEO vs PINC.TO

Other ETFs from Purpose

The 10 most viewed Purpose ETFs shown here include KILO.TO, BND.TO, PSA.TO and span 12 categories. AUM among these funds goes as high as $4B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
KILO.TO
Purpose Gold Bullion FundGold, Precious Metals
24
-6.84%
1.00BOct 2018YAVG.NEO vs KILO.TO
BND.TO
Purpose Global Bond FundGlobal Bonds
36
0.51%
2.50BOct 2015YAVG.NEO vs BND.TO
PSA.TO
Purpose High Interest Savings FundMoney Market
99
1.27%
4.20BOct 2013YAVG.NEO vs PSA.TO
BTCC.TO
Purpose Bitcoin CAD ETF Currency Hedged UnitsCryptocurrency
2
-28.54%
1.60BFeb 2021YAVG.NEO vs BTCC.TO
MNY.TO
Purpose Cash Management FundMoney Market
100
1.36%
3.10BSep 2022YAVG.NEO vs MNY.TO
YTSL.NEO
Tesla (TSLA) Yield Shares Purpose ETFDerivative Income
22
-29.07%
362.80MDec 2022YAVG.NEO vs YTSL.NEO
SBT.TO
Purpose Silver Bullion FundSilver, Precious Metals
32
-18.52%
131.10MMay 2016YAVG.NEO vs SBT.TO
PDIV.TO
Purpose Enhanced Dividend Fund ETFDividend
94
11.72%
235.10MJan 2018YAVG.NEO vs PDIV.TO
SYLD.TO
Purpose Strategic Yield FundHigh Yield Bonds, Corporate Bonds
96
3.57%
541.50MApr 2018YAVG.NEO vs SYLD.TO
PDF.TO
Purpose Core Dividend FundDividend, Canada Equities, Actively Managed
97
21.03%
475.00MSep 2013YAVG.NEO vs PDF.TO

Often Compared With YAVG.NEO

Investors most often compare YAVG.NEO with AVGY.TO, NXF.TO, RCDC.TO. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
AVGY.TO
Harvest Broadcom Enhanced High Income Shares ETF -...Derivative Income
42
28.05%
—Mar 2025YAVG.NEO vs AVGY.TO
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...Energy Equities, Derivative Income, Options Trading, Actively Managed
58
30.11%
140.96MFeb 2015YAVG.NEO vs NXF.TO
RCDC.TO
RBC Canadian Dividend Covered Call ETFDerivative Income
97
18.64%
—Jan 2023YAVG.NEO vs RCDC.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETFDerivative Income, Utilities Equities
69
8.91%
1.45BJun 2023YAVG.NEO vs UMAX.TO
YNVD.NEO
NVIDIA (NVDA) Yield Shares Purpose ETFDerivative Income
32
15.67%
192.70MJan 2024YAVG.NEO vs YNVD.NEO
PMM.TO
Purpose Multi-Strategy Market Neutral FundEquity Market Neutral, Multistrategy, Actively Managed
64
6.48%
19.60MOct 2014YAVG.NEO vs PMM.TO
HUTE.TO
Harvest Equal Weight Global Utilities Enhanced Inc...Derivative Income, Utilities Equities
47
11.73%
104.38MOct 2022YAVG.NEO vs HUTE.TO
KILO-B.TO
Purpose Gold Bullion Fund ETF Non-Currency HedgedGold, Precious Metals
30
-3.36%
—Oct 2018YAVG.NEO vs KILO-B.TO
BTCC-B.TO
Purpose Bitcoin ETF Non-Currency Hedged UnitsCryptocurrency
2
-25.25%
—Feb 2021YAVG.NEO vs BTCC-B.TO
CCCB.TO
CIBC Canadian Banks Covered Call ETFDerivative Income—
28.61%
—Aug 2025YAVG.NEO vs CCCB.TO
GOGY.TO
Harvest Alphabet Enhanced High Income Shares ETF C...Derivative Income
93
24.26%
—Mar 2025YAVG.NEO vs GOGY.TO
YGOG.NEO
Alphabet (GOOGL) Yield Shares Purpose ETFDerivative Income, Technology Equities
91
17.82%
63.90MDec 2022YAVG.NEO vs YGOG.NEO
ZWC.TO
BMO CA High Dividend Covered Call ETFDerivative Income
96
14.83%
2.45BFeb 2017YAVG.NEO vs ZWC.TO
BCCL.NEO
Global X Enhanced Bitcoin Covered Call ETFCryptocurrency, Derivative Income, Options Trading, Actively Managed
2
-26.64%
—Apr 2025YAVG.NEO vs BCCL.NEO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...Derivative Income, Energy Equities
89
29.35%
784.46MApr 2011YAVG.NEO vs ENCC.TO
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETFEnergy Equities, Derivative Income
77
31.26%
538.30MFeb 2024YAVG.NEO vs EMAX.TO
HPYE.TO
Harvest Premium Yield Enhanced ETFDerivative Income, Leveraged Equities———Jan 2026YAVG.NEO vs HPYE.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...Financials Equities, Derivative Income
97
29.11%
201.63MJul 2023YAVG.NEO vs BKCL.TO
USCL.TO
Global X Enhanced S&P 500 Covered Call ETFDerivative Income, S&P 500
86
16.88%
244.05MJul 2023YAVG.NEO vs USCL.TO
ZPH.TO
BMO US Put Write Hedged to CAD ETFDerivative Income
57
4.73%
35.31MFeb 2017YAVG.NEO vs ZPH.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