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Alphabet (GOOGL) Yield Shares Purpose ETF (YGOG.NEO) Alternatives

ETF · Currency in CAD · Last updated Jun 3, 2026

The Alphabet (GOOGL) Yield Shares Purpose ETF (YGOG) seeks to maximize yield from holding Alphabet Inc. (GOOGL) shares by employing a covered call writing strategy. The fund holds Alphabet common stock and writes call options to generate monthly distributions while retaining exposure to the stock's long-term growth. YGOG is actively managed by Purpose Investments Inc. and listed on Cboe Canada.

Alphabet (GOOGL) Yield Shares Purpose ETF (YGOG.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 YGOG.NEO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to YGOG.NEO

YGOG.NEO charges 0.40% annually. There are 7 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.04%.

SymbolNameExpense RatioAUMInception
USCL.TO
Global X Enhanced S&P 500 Covered Call ETF0.04%249.48MJul 2023YGOG.NEO vs USCL.TO
ECHI.TO
Ninepoint Enhanced Canadian HighShares ETF0.29%—Aug 2025YGOG.NEO vs ECHI.TO
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF0.29%155.19MNov 2025YGOG.NEO vs EQLI.TO
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF0.35%136.22MSep 2024YGOG.NEO vs JEPQ.TO
JEPI.TO
JPMorgan US Equity Premium Income Active ETF0.35%—Sep 2024YGOG.NEO vs JEPI.TO

Best Risk-Adjusted Alternatives to YGOG.NEO

YGOG.NEO has a PortfoliosLab risk / return rank of 91. There are 11 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 2022YGOG.NEO vs HLIF.TO
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
96
—Feb 2022YGOG.NEO vs CBNK.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
96
1.08BFeb 2022YGOG.NEO vs BANK.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
95
187.53MJul 2023YGOG.NEO vs BKCL.TO
BKCC.TO
Global X Equal Weight Canadian Bank Covered Call E...
95
370.01MMay 2011YGOG.NEO vs BKCC.TO

Top Performing YGOG.NEO Alternatives (YTD)

YGOG.NEO is at 11.84% YTD. There are 41 ETFs in the Derivative Income category with higher YTD returns, going as high as 60.76%.

SymbolNameYTD ReturnAUMInception
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETF
60.76%
—Feb 2025YGOG.NEO vs YAVG.NEO
AVGY.TO
Harvest Broadcom Enhanced High Income Shares ETF -...
43.57%
—Mar 2025YGOG.NEO vs AVGY.TO
CNQE.TO
Harvest CNQ Enhanced High Income Shares ETF
36.84%
—Aug 2025YGOG.NEO vs CNQE.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
36.58%
286.32MOct 2023YGOG.NEO vs ENCL.TO
QDAY.NEO
Hamilton EnhancedTechnology DayMAX™ ETF
31.76%
—Jul 2025YGOG.NEO vs QDAY.NEO

Lowest Volatility Alternatives to YGOG.NEO

YGOG.NEO has 32.05% 1-year volatility. There are 68 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.66%.

SymbolNameVolatility 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...1.66%235.30MSep 2024YGOG.NEO vs HBIL.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.55%226.83MJan 2024YGOG.NEO vs HPYM.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF6.65%1.34BJun 2023YGOG.NEO vs UMAX.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A6.84%—Jun 2022YGOG.NEO vs HLIF.TO
ZWU.TO
BMO Covered Call Utilities ETF7.59%2.17BOct 2011YGOG.NEO vs ZWU.TO

Lowest Drawdown Alternatives to YGOG.NEO

YGOG.NEO has a 1-year max drawdown of -21.82%. There are 55 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%
235.30MSep 2024YGOG.NEO vs HBIL.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
-3.09%
—Jun 2022YGOG.NEO vs HLIF.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...
-3.85%
226.83MJan 2024YGOG.NEO vs HPYM.TO
HUTE.TO
Harvest Equal Weight Global Utilities Enhanced Inc...
-4.57%
97.17MOct 2022YGOG.NEO vs HUTE.TO
ZWU.TO
BMO Covered Call Utilities ETF
-4.86%
2.17BOct 2011YGOG.NEO vs ZWU.TO

Other ETFs from Purpose

The 1 most viewed Purpose ETFs shown here include YPLT.NEO and span 2 categories.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
YPLT.NEO
Palantir (PLTR) Yield Shares Purpose ETFDerivative Income, Technology Equities
19
-6.89%
—Feb 2025YGOG.NEO vs YPLT.NEO

Often Compared With YGOG.NEO

Investors most often compare YGOG.NEO with HBF.TO, MSHE.TO, TEC.TO. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
HBF.TO
Harvest US Equity Leaders Income ETF Class A (CAD ...Derivative Income, Large Cap Blend Equities
77
9.40%
665.05MJul 2014YGOG.NEO vs HBF.TO
MSHE.TO
Harvest Microsoft Enhanced High Income Shares ETF ...Derivative Income
7
-11.21%
—Aug 2024YGOG.NEO vs MSHE.TO
TEC.TO
TD Global Technology Leaders Index ETFTechnology Equities
58
17.96%
5.04BMar 2022YGOG.NEO vs TEC.TO
TXF.TO
CI Tech Giants Covered Call CommonTechnology Equities, Derivative Income
86
31.66%
854.47MOct 2011YGOG.NEO vs TXF.TO
GOGY.TO
Harvest Alphabet Enhanced High Income Shares ETF C...Derivative Income
92
15.35%
—Mar 2025YGOG.NEO vs GOGY.TO
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...Energy Equities, Derivative Income
72
30.89%
116.31MFeb 2015YGOG.NEO vs NXF.TO
XIT.TO
iShares S&P/TSX Capped Information Technology Inde...Technology Equities
13
-4.19%
708.53MMar 2001YGOG.NEO vs XIT.TO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...Derivative Income, Energy Equities
85
29.01%
759.08MApr 2011YGOG.NEO vs ENCC.TO
HPYT.TO
Harvest Premium Yield Treasury ETF ADerivative Income
18
0.02%
385.04MMay 2024YGOG.NEO vs HPYT.TO
FINN.NEO
Fidelity Global Innovators ETFTechnology Equities
89
42.01%
—May 2023YGOG.NEO vs FINN.NEO
METE.TO
Harvest Meta Enhanced High Income Shares ETF - Cla...Derivative Income, Leveraged Equities, Communications Equities
6
-9.50%
—Jan 2025YGOG.NEO vs METE.TO
CRCY.TO
Harvest Circle Enhanced High Income Shares ETF Cla...Derivative Income—
17.32%
—Sep 2025YGOG.NEO vs CRCY.TO
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETFEnergy Equities, Derivative Income
70
28.54%
476.70MFeb 2024YGOG.NEO vs EMAX.TO
ZWC.TO
BMO CA High Dividend Covered Call ETFDerivative Income
92
11.12%
2.30BFeb 2017YGOG.NEO vs ZWC.TO
HPYE.TO
Harvest Premium Yield Enhanced ETFDerivative Income, Leveraged Equities, Large Cap Blend Equities———Jan 2026YGOG.NEO vs HPYE.TO
QMVP.TO
Hamilton Champions U.S. Technology Index ETFTechnology Equities———Jan 2026YGOG.NEO vs QMVP.TO
YTSL.NEO
Tesla (TSLA) Yield Shares Purpose ETFDerivative Income
30
-6.32%
438.20MDec 2022YGOG.NEO vs YTSL.NEO
MSTE.TO
Harvest MicroStrategy Enhanced High Income Shares ...Derivative Income
1
-20.32%
—Mar 2025YGOG.NEO vs MSTE.TO
UTES.TO
Evolve Canadian Utilities Enhanced Yield Index Fun...Derivative Income
75
12.58%
405.53MSep 2024YGOG.NEO vs UTES.TO
EASY.TO
Evolve All-in-One UltraYield ETFDerivative Income———Mar 2026YGOG.NEO vs EASY.TO

Compare YGOG.NEO with Any Fund or Stock

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

 

Diversifiers

Pair YGOG.NEO with funds that move differently

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

Explore YGOG.NEO Diversifiers