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

ETF · Currency in CAD · Last updated Aug 2, 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 0.21%.

SymbolNameExpense RatioAUMInception
QQCI.TO
Invesco NASDAQ 100 Income Advantage ETF0.21%63.79MAug 2024YGOG.NEO vs QQCI.TO
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF0.29%169.56MNov 2025YGOG.NEO vs EQLI.TO
ECHI.TO
Ninepoint Enhanced Canadian HighShares ETF0.29%—Aug 2025YGOG.NEO vs ECHI.TO
JEPI.TO
JPMorgan US Equity Premium Income Active ETF0.35%—Sep 2024YGOG.NEO vs JEPI.TO
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...0.35%214.20MSep 2024YGOG.NEO vs HBIL.TO

Best Risk-Adjusted Alternatives to YGOG.NEO

YGOG.NEO has a PortfoliosLab risk / return rank of 90. There are 19 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 2022YGOG.NEO vs HLIF.TO
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
98
—Feb 2022YGOG.NEO vs CBNK.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
98
1.33BFeb 2022YGOG.NEO vs BANK.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF
97
4.77BJan 2011YGOG.NEO vs ZWB.TO
BKCC.TO
Global X Equal Weight Canadian Bank Covered Call E...
97
405.23MMay 2011YGOG.NEO vs BKCC.TO

Top Performing YGOG.NEO Alternatives (YTD)

YGOG.NEO is at 11.15% YTD. There are 59 ETFs in the Derivative Income category with higher YTD returns, going as high as 44.23%.

SymbolNameYTD ReturnAUMInception
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
44.23%
—Feb 2022YGOG.NEO vs CBNK.TO
CNQE.TO
Harvest CNQ Enhanced High Income Shares ETF
41.00%
—Aug 2025YGOG.NEO vs CNQE.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
39.90%
295.63MOct 2023YGOG.NEO vs ENCL.TO
HPF.TO
Harvest Energy Leaders Income ETF – Class A Units
37.52%
69.39MOct 2014YGOG.NEO vs HPF.TO
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...
34.00%
140.96MFeb 2015YGOG.NEO vs NXF.TO

Lowest Volatility Alternatives to YGOG.NEO

YGOG.NEO has 35.37% 1-year volatility. There are 101 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.80%.

SymbolNameVolatility 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...1.80%214.20MSep 2024YGOG.NEO vs HBIL.TO
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...1.97%152.80MSep 2024YGOG.NEO vs HBIL-U.TO
PYF.TO
Purpose Premium Yield Fund Series ETF3.28%682.20MNov 2018YGOG.NEO vs PYF.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.70%249.28MJan 2024YGOG.NEO vs HPYM.TO
PINC.TO
Purpose Multi-Asset Income Fund6.37%108.20MApr 2018YGOG.NEO vs PINC.TO

Lowest Drawdown Alternatives to YGOG.NEO

YGOG.NEO has a 1-year max drawdown of -22.09%. There are 86 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 2024YGOG.NEO vs HBIL.TO
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...
-1.32%
152.80MSep 2024YGOG.NEO vs HBIL-U.TO
PYF.TO
Purpose Premium Yield Fund Series ETF
-2.11%
682.20MNov 2018YGOG.NEO vs PYF.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
-3.09%
195.83MJun 2022YGOG.NEO vs HLIF.TO
PINC.TO
Purpose Multi-Asset Income Fund
-3.59%
108.20MApr 2018YGOG.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
27
-7.39%
1.00BOct 2018YGOG.NEO vs KILO.TO
BND.TO
Purpose Global Bond FundGlobal Bonds
37
0.22%
2.50BOct 2015YGOG.NEO vs BND.TO
PSA.TO
Purpose High Interest Savings FundMoney Market
100
1.27%
4.20BOct 2013YGOG.NEO vs PSA.TO
BTCC.TO
Purpose Bitcoin CAD ETF Currency Hedged UnitsCryptocurrency
1
-29.88%
1.60BFeb 2021YGOG.NEO vs BTCC.TO
MNY.TO
Purpose Cash Management FundMoney Market
100
1.36%
3.10BSep 2022YGOG.NEO vs MNY.TO
YTSL.NEO
Tesla (TSLA) Yield Shares Purpose ETFDerivative Income
19
-32.98%
362.80MDec 2022YGOG.NEO vs YTSL.NEO
SBT.TO
Purpose Silver Bullion FundSilver, Precious Metals
33
-19.30%
131.10MMay 2016YGOG.NEO vs SBT.TO
PDIV.TO
Purpose Enhanced Dividend Fund ETFDividend
94
11.04%
235.10MJan 2018YGOG.NEO vs PDIV.TO
SYLD.TO
Purpose Strategic Yield FundHigh Yield Bonds, Corporate Bonds
95
3.26%
541.50MApr 2018YGOG.NEO vs SYLD.TO
PDF.TO
Purpose Core Dividend FundDividend, Canada Equities, Actively Managed
97
20.56%
475.00MSep 2013YGOG.NEO vs PDF.TO

Often Compared With YGOG.NEO

Investors most often compare YGOG.NEO with HBF.TO, MSHE.TO, TEC.TO. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
HBF.TO
Harvest US Equity Leaders Income ETF Class A (CAD ...Derivative Income
66
7.31%
666.97MJul 2014YGOG.NEO vs HBF.TO
MSHE.TO
Harvest Microsoft Enhanced High Income Shares ETF ...Derivative Income
6
-6.65%
—Aug 2024YGOG.NEO vs MSHE.TO
TEC.TO
TD Global Technology Leaders Index ETFTechnology Equities
40
11.98%
4.92BMay 2019YGOG.NEO vs TEC.TO
TXF.TO
CI Tech Giants Covered Call CommonTechnology Equities, Derivative Income
52
14.26%
777.65MOct 2011YGOG.NEO vs TXF.TO
GOGY.TO
Harvest Alphabet Enhanced High Income Shares ETF C...Derivative Income
92
16.24%
—Mar 2025YGOG.NEO vs GOGY.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETFDerivative Income, Utilities Equities
77
8.99%
1.45BJun 2023YGOG.NEO vs UMAX.TO
XIT.TO
iShares S&P/TSX Capped Information Technology Inde...Technology Equities
10
-7.00%
709.68MMar 2001YGOG.NEO vs XIT.TO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...Derivative Income, Energy Equities
93
31.48%
784.46MApr 2011YGOG.NEO vs ENCC.TO
BGIN.NEO
BMO Global Innovators Fund Active ETF SeriesTechnology Equities———Jun 2023YGOG.NEO vs BGIN.NEO
METE.TO
Harvest Meta Enhanced High Income Shares ETF - Cla...Derivative Income, Leveraged Equities, Communications Equities———Jan 2025YGOG.NEO vs METE.TO
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETFDerivative Income, Semiconductors, Options Trading, Actively Managed
49
27.59%
—Feb 2025YGOG.NEO vs YAVG.NEO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...Financials Equities, Derivative Income
97
29.34%
201.63MJul 2023YGOG.NEO vs BKCL.TO
FINN.NEO
Fidelity Global Innovators ETFGlobal Equities
82
36.76%
—May 2023YGOG.NEO vs FINN.NEO
YPLT.NEO
Palantir (PLTR) Yield Shares Purpose ETFDerivative Income, Technology Equities
8
-24.39%
—Feb 2025YGOG.NEO vs YPLT.NEO
HPYE.TO
Harvest Premium Yield Enhanced ETFDerivative Income, Leveraged Equities———Jan 2026YGOG.NEO vs HPYE.TO
USCL.TO
Global X Enhanced S&P 500 Covered Call ETFDerivative Income, S&P 500
79
13.52%
244.05MJul 2023YGOG.NEO vs USCL.TO
HPYT.TO
Harvest Premium Yield Treasury ETF ADerivative Income
8
-3.63%
337.47MMay 2024YGOG.NEO vs HPYT.TO
HUTE.TO
Harvest Equal Weight Global Utilities Enhanced Inc...Derivative Income, Utilities Equities
54
11.64%
104.38MOct 2022YGOG.NEO vs HUTE.TO
QMVP.TO
Hamilton Champions U.S. Technology Index ETFTechnology Equities——348.00MJan 2026YGOG.NEO vs QMVP.TO
QDAY.NEO
Hamilton EnhancedTechnology DayMAX™ ETFDerivative Income
51
22.56%
—Jul 2025YGOG.NEO vs QDAY.NEO

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