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

ETF · Currency in CAD · Last updated Jun 24, 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%250.98MJul 2023YGOG.NEO vs USCL.TO
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF0.29%155.19MNov 2025YGOG.NEO vs EQLI.TO
ECHI.TO
Ninepoint Enhanced Canadian HighShares ETF0.29%—Aug 2025YGOG.NEO vs ECHI.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 93. 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
98
—Feb 2022YGOG.NEO vs CBNK.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
97
1.16BFeb 2022YGOG.NEO vs BANK.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF
97
4.65BJan 2011YGOG.NEO vs ZWB.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
97
197.22MJul 2023YGOG.NEO vs BKCL.TO

Top Performing YGOG.NEO Alternatives (YTD)

YGOG.NEO is at 7.18% YTD. There are 60 ETFs in the Derivative Income category with higher YTD returns, going as high as 41.95%.

SymbolNameYTD ReturnAUMInception
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
41.95%
—Feb 2022YGOG.NEO vs CBNK.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
30.80%
267.19MOct 2023YGOG.NEO vs ENCL.TO
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETF
28.52%
—Feb 2025YGOG.NEO vs YAVG.NEO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
27.46%
1.16BFeb 2022YGOG.NEO vs BANK.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
26.81%
197.22MJul 2023YGOG.NEO vs BKCL.TO

Lowest Volatility Alternatives to YGOG.NEO

YGOG.NEO has 32.57% 1-year volatility. There are 68 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 2024YGOG.NEO vs HBIL.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.66%230.93MJan 2024YGOG.NEO vs HPYM.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF6.88%1.36BJun 2023YGOG.NEO vs UMAX.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A6.98%—Jun 2022YGOG.NEO vs HLIF.TO
ZWU.TO
BMO Covered Call Utilities ETF7.68%2.20BOct 2011YGOG.NEO vs ZWU.TO

Lowest Drawdown Alternatives to YGOG.NEO

YGOG.NEO has a 1-year max drawdown of -21.82%. There are 56 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 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...
-3.87%
230.93MJan 2024YGOG.NEO vs HPYM.TO
ZWU.TO
BMO Covered Call Utilities ETF
-4.86%
2.20BOct 2011YGOG.NEO vs ZWU.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF
-5.11%
1.36BJun 2023YGOG.NEO vs UMAX.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
8
-29.40%
—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 7 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
66
5.63%
654.24MJul 2014YGOG.NEO vs HBF.TO
MSHE.TO
Harvest Microsoft Enhanced High Income Shares ETF ...Derivative Income
3
-24.16%
—Aug 2024YGOG.NEO vs MSHE.TO
TEC.TO
TD Global Technology Leaders Index ETFTechnology Equities
47
13.45%
4.93BMay 2019YGOG.NEO vs TEC.TO
TXF.TO
CI Tech Giants Covered Call CommonTechnology Equities, Derivative Income
72
24.88%
864.60MOct 2011YGOG.NEO vs TXF.TO
GOGY.TO
Harvest Alphabet Enhanced High Income Shares ETF C...Derivative Income
94
13.52%
—Mar 2025YGOG.NEO vs GOGY.TO
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...Energy Equities, Derivative Income
39
19.97%
116.28MFeb 2015YGOG.NEO vs NXF.TO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...Derivative Income, Energy Equities
77
24.43%
708.27MApr 2011YGOG.NEO vs ENCC.TO
XIT.TO
iShares S&P/TSX Capped Information Technology Inde...Technology Equities
9
-11.18%
713.74MMar 2001YGOG.NEO vs XIT.TO
BKCC.TO
Global X Equal Weight Canadian Bank Covered Call E...Derivative Income
96
21.49%
395.62MMay 2011YGOG.NEO vs BKCC.TO
HPYT.TO
Harvest Premium Yield Treasury ETF ADerivative Income
15
0.58%
377.33MMay 2024YGOG.NEO vs HPYT.TO
METE.TO
Harvest Meta Enhanced High Income Shares ETF - Cla...Derivative Income, Leveraged Equities, Communications Equities———Jan 2025YGOG.NEO vs METE.TO
FINN.NEO
Fidelity Global Innovators ETFTechnology Equities
87
39.56%
—May 2023YGOG.NEO vs FINN.NEO
CNQE.TO
Harvest CNQ Enhanced High Income Shares ETFDerivative Income—
22.02%
—Aug 2025YGOG.NEO vs CNQE.TO
HUTE.TO
Harvest Equal Weight Global Utilities Enhanced Inc...Derivative Income, Utilities Equities
56
13.36%
101.38MOct 2022YGOG.NEO vs HUTE.TO
CRCY.TO
Harvest Circle Enhanced High Income Shares ETF Cla...Derivative Income—
-14.04%
—Sep 2025YGOG.NEO vs CRCY.TO
ZWC.TO
BMO CA High Dividend Covered Call ETFDerivative Income
93
12.66%
2.35BFeb 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
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETFEnergy Equities, Derivative Income
51
22.48%
467.50MFeb 2024YGOG.NEO vs EMAX.TO
QMVP.TO
Hamilton Champions U.S. Technology Index ETFTechnology Equities———Jan 2026YGOG.NEO vs QMVP.TO
QDAY.NEO
Hamilton EnhancedTechnology DayMAX™ ETFDerivative Income—
26.03%
—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