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

ETF · Currency in CAD · Last updated Jul 14, 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 6 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.29%.

SymbolNameExpense RatioAUMInception
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
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF0.35%136.22MSep 2024YGOG.NEO vs JEPQ.TO
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...0.35%224.00MSep 2024YGOG.NEO vs HBIL.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 92. There are 12 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 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
1.26BFeb 2022YGOG.NEO vs BANK.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF
97
4.84BJan 2011YGOG.NEO vs ZWB.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
97
198.10MJul 2023YGOG.NEO vs BKCL.TO

Top Performing YGOG.NEO Alternatives (YTD)

YGOG.NEO is at 9.38% YTD. There are 57 ETFs in the Derivative Income category with higher YTD returns, going as high as 45.98%.

SymbolNameYTD ReturnAUMInception
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
45.98%
—Feb 2022YGOG.NEO vs CBNK.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
35.30%
271.10MOct 2023YGOG.NEO vs ENCL.TO
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETF
30.97%
—Feb 2025YGOG.NEO vs YAVG.NEO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
30.92%
1.26BFeb 2022YGOG.NEO vs BANK.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
29.97%
198.10MJul 2023YGOG.NEO vs BKCL.TO

Lowest Volatility Alternatives to YGOG.NEO

YGOG.NEO has 32.96% 1-year volatility. There are 75 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 2024YGOG.NEO vs HBIL.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.74%259.21MJan 2024YGOG.NEO vs HPYM.TO
ZPH.TO
BMO US Put Write Hedged to CAD ETF6.54%35.29MFeb 2017YGOG.NEO vs ZPH.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A7.06%180.28MJun 2022YGOG.NEO vs HLIF.TO
ZPW.TO
BMO US Put Write ETF7.31%105.45MSep 2015YGOG.NEO vs ZPW.TO

Lowest Drawdown Alternatives to YGOG.NEO

YGOG.NEO has a 1-year max drawdown of -21.82%. There are 63 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 2024YGOG.NEO vs HBIL.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
-3.09%
180.28MJun 2022YGOG.NEO vs HLIF.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...
-3.87%
259.21MJan 2024YGOG.NEO vs HPYM.TO
ZWU.TO
BMO Covered Call Utilities ETF
-4.86%
2.21BOct 2011YGOG.NEO vs ZWU.TO
DXQ.TO
Dynamic Active Enhanced Yield Covered Options ETF
-5.11%
—Sep 2022YGOG.NEO vs DXQ.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
10
-20.63%
—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 8 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
HBF.TO
Harvest US Equity Leaders Income ETF Class A (CAD ...Derivative Income
62
5.89%
660.52MJul 2014YGOG.NEO vs HBF.TO
MSHE.TO
Harvest Microsoft Enhanced High Income Shares ETF ...Derivative Income
4
-20.43%
—Aug 2024YGOG.NEO vs MSHE.TO
TEC.TO
TD Global Technology Leaders Index ETFTechnology Equities
50
14.88%
5.05BMay 2019YGOG.NEO vs TEC.TO
TXF.TO
CI Tech Giants Covered Call CommonTechnology Equities, Derivative Income
68
22.11%
836.28MOct 2011YGOG.NEO vs TXF.TO
GOGY.TO
Harvest Alphabet Enhanced High Income Shares ETF C...Derivative Income
94
15.45%
—Mar 2025YGOG.NEO vs GOGY.TO
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...Energy Equities, Derivative Income
45
24.97%
127.47MFeb 2015YGOG.NEO vs NXF.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETFDerivative Income, Utilities Equities
76
10.23%
1.41BJun 2023YGOG.NEO vs UMAX.TO
XIT.TO
iShares S&P/TSX Capped Information Technology Inde...Technology Equities
12
-5.45%
752.37MMar 2001YGOG.NEO vs XIT.TO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...Derivative Income, Energy Equities
89
28.07%
714.60MApr 2011YGOG.NEO vs ENCC.TO
BKCC.TO
Global X Equal Weight Canadian Bank Covered Call E...Derivative Income
97
23.91%
400.33MMay 2011YGOG.NEO vs BKCC.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 ETFGlobal Equities
89
38.89%
—May 2023YGOG.NEO vs FINN.NEO
BGIN.NEO
BMO Global Innovators Fund Active ETF SeriesTechnology Equities———Jun 2023YGOG.NEO vs BGIN.NEO
HPYT.TO
Harvest Premium Yield Treasury ETF ADerivative Income
13
-1.72%
360.54MMay 2024YGOG.NEO vs HPYT.TO
USCL.TO
Global X Enhanced S&P 500 Covered Call ETFDerivative Income, S&P 500
85
14.62%
250.73MJul 2023YGOG.NEO vs USCL.TO
CNQE.TO
Harvest CNQ Enhanced High Income Shares ETFDerivative Income—
28.99%
—Aug 2025YGOG.NEO vs CNQE.TO
HUTE.TO
Harvest Equal Weight Global Utilities Enhanced Inc...Derivative Income, Utilities Equities
62
13.03%
103.07MOct 2022YGOG.NEO vs HUTE.TO
HPYE.TO
Harvest Premium Yield Enhanced ETFDerivative Income, Leveraged Equities———Jan 2026YGOG.NEO vs HPYE.TO
CRCY.TO
Harvest Circle Enhanced High Income Shares ETF Cla...Derivative Income—
-31.06%
—Sep 2025YGOG.NEO vs CRCY.TO
QMVP.TO
Hamilton Champions U.S. Technology Index ETFTechnology Equities——349.70MJan 2026YGOG.NEO vs QMVP.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