QQA vs QQQ
Invesco QQQ Income Advantage ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQA offers more diversification with 112 holdings.
Side-by-Side Comparison
| Metric | QQA | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.18% | |
| AUM | $778M | $455.8B | |
| Dividend Yield | 9.53% | 0.41% | |
| Holdings | 122 | 108 | |
| YTD Return | +13.17% | +17.46% | |
| 1Y Return | +21.60% | +26.02% | |
| 3Y Return (annualized) | - | +25.51% | |
| 5Y Return (annualized) | - | +15.12% | |
| Volatility (annualized) | 12.8% | 30.6% | |
| Max Drawdown | -19.7% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jul 17, 2024 | Mar 10, 1999 |
QQA vs QQQ Performance
Invesco QQQ Income Advantage ETF (QQA) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year QQA returned +21.60% while QQQ returned +26.02%. Year to date, QQA is up 13.17% versus a gain of 17.46% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 12.8% for QQA. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -19.7% for QQA and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QQA charges 0.29% per year while QQQ charges 0.18%. On a $10,000 position that is $29 vs $18 annually, a gap of $11 per year that compounds over a long holding period. On income, QQA currently yields 9.53% against 0.41% for QQQ.
Holdings Overlap
QQA and QQQ share 101 holdings out of 114 unique holdings combined, representing a 74.4% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, QQA or QQQ?
QQA has an expense ratio of 0.29% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, QQA or QQQ?
Over the past year QQA returned +21.60% vs +26.02% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), QQA annualized +18.96% vs +13.08% for QQQ. Past performance does not guarantee future results.
Which is riskier, QQA or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 12.8% for QQA. Worst drawdown: QQA -19.7% vs QQQ -83.0%.
Should I hold both QQA and QQQ?
QQA and QQQ have a monthly-return correlation of 0.99, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between QQA and QQQ?
QQA and QQQ share 101 common holdings with a 74.4% weight overlap. Combined, they hold 114 unique securities.
Which pays a higher dividend, QQA or QQQ?
QQA yields 9.53% while QQQ yields 0.41%, so QQA currently pays the higher dividend yield.
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