QQA vs QQQX
Invesco QQQ Income Advantage ETF vs Nuveen NASDAQ 100 Dynamic Overwrite Fund
Which is better, QQA or QQQX?
QQQX has been ahead.
QQA has a lower expense ratio. QQQX led over 1Y and the full window. QQA is less concentrated, with 53.4% of the fund in its ten largest positions against 55.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | QQA | QQQX |
|---|---|---|
| Expense Ratio | 0.29%Best | 0.92% |
| AUM | $831M | $1.5B |
| Dividend Yield | 10.19% | 8.44% |
| Holdings | 241 | 229 |
| YTD Return | +10.01% | +12.76%Best |
| 1Y Return | +9.97% | +16.50%Best |
| 3Y Return (annualized) | - | +20.08% |
| 5Y Return (annualized) | - | +8.03% |
| Volatility (annualized) | 13.1%Best | 13.8% |
| Max Drawdown | -19.7%Best | -22.8% |
| $10,000 over 2.3 years | $13,880 | $14,406Best |
| Top 10 Weight | 53.4%Best | 55.9% |
| Fund Family | Invesco (US) | Nuveen |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Jul 17, 2024 | Jan 30, 2007 |
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: Jul 17, 2024 to Nov 11, 2026 (2.3 years).
QQA vs QQQX growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.3 years both funds cover.
QQA vs QQQX Performance
Invesco QQQ Income Advantage ETF (QQA) is an ETF from Invesco (US) and Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) is an ETF from Nuveen. Over the past year QQA returned +9.97% while QQQX returned +16.50%. Year to date, QQA is up 10.01% versus a gain of 12.76% for QQQX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQX has been the more volatile fund, with annualized monthly volatility of 13.8% compared with 13.1% 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 -22.8% for QQQX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQA charges 0.29% per year while QQQX charges 0.92%. On a $10,000 position that is $29 vs $92 annually, a gap of $63 per year that compounds over a long holding period. On income, QQA currently yields 10.19% against 8.44% for QQQX.
Holdings Overlap
48.0% of QQA's money is in holdings QQQX also owns. 81.8% of QQQX's money is in holdings QQA also owns.
Most of QQQX is already inside QQA. Owning both mostly buys the same companies twice.
28 positions in common, counted across the 102 positions we hold weights for in QQA and 222 in QQQX, against full books of 241 and 229.
What only one of them owns
Our book lists 165 positions for QQQX that do not appear in our book for QQA (17.4% of the fund), and 68 for QQA that do not appear in QQQX (46.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in QQA | Weight in QQQX | Difference |
|---|---|---|---|
| NVDANvidia Corp | 6.22% | 11.31% | 5.09% |
| AAPLApple Inc | 5.84% | 8.46% | 2.62% |
| MSFTMicrosoft Corp | 4.63% | 6.47% | 1.84% |
| MUMicron Technology, Inc. | 3.33% | 4.80% | 1.47% |
| AMZNAmazon.Com Inc | 3.20% | 4.77% | 1.57% |
| GOOGLAlphabet Inc | 2.38% | 5.08% | 2.70% |
| AMDAdvanced Micro Devices Inc | 3.00% | 4.04% | 1.04% |
| AVGOBroadcom Inc | 1.92% | 3.84% | 1.92% |
| TSLATesla Inc | 2.25% | 3.27% | 1.02% |
| METAMeta Platforms Inc | 2.56% | 2.86% | 0.30% |
81.8% of QQQX is already inside QQA.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QQA or QQQX?
QQA has an expense ratio of 0.29% while QQQX charges 0.92%. QQA is the cheaper option, by $63 a year on a $10,000 investment.
Which performed better, QQA or QQQX?
Over the past year QQA returned +9.97% vs +16.50% for QQQX, so QQQX leads on 1-year performance. Over the longest common window we track (2 years), QQA annualized +15.32% vs +17.20% for QQQX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQA or QQQX?
QQQX has been the more volatile fund at 13.8% annualized versus 13.1% for QQA. Worst drawdown: QQA -19.7% vs QQQX -22.8%.
Should I hold both QQA and QQQX?
QQA and QQQX have a monthly-return correlation of 0.87, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between QQA and QQQX?
81.8% of QQQX's money is in holdings QQA also owns. 81.8% of QQQX's is in holdings QQA also owns. They hold 28 positions in common, counted across the 102 positions we hold weights for in QQA and 222 in QQQX.
Which pays a higher dividend, QQA or QQQX?
QQA yields 10.19% while QQQX yields 8.44%, so QQA currently pays the higher dividend yield.
Is QQQX better than QQA?
QQA has a lower expense ratio. QQQX led over 1Y and the full window. QQA is less concentrated, with 53.4% of the fund in its ten largest positions against 55.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.