QQA vs VOO
Invesco QQQ Income Advantage ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | QQA | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.03% | |
| AUM | $778M | $979.0B | |
| Dividend Yield | 9.53% | 1.09% | |
| Holdings | 122 | 509 | |
| YTD Return | +13.67% | +13.80% | |
| 1Y Return | +22.80% | +23.71% | |
| 3Y Return (annualized) | - | +21.50% | |
| 5Y Return (annualized) | - | +13.44% | |
| Volatility (annualized) | 12.9% | 14.1% | |
| Max Drawdown | -19.7% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jul 17, 2024 | Sep 7, 2010 |
QQA vs VOO Performance
Invesco QQQ Income Advantage ETF (QQA) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year QQA returned +22.80% while VOO returned +23.71%. Year to date, QQA is up 13.67% versus a gain of 13.80% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 12.9% 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 -34.3% for VOO. 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 0.92. 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 VOO charges 0.03%. On a $10,000 position that is $29 vs $3 annually, a gap of $26 per year that compounds over a long holding period. On income, QQA currently yields 9.53% against 1.09% for VOO.
Holdings Overlap
QQA and VOO share 89 holdings out of 528 unique holdings combined, representing a 47.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QQA or VOO?
QQA has an expense ratio of 0.29% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, QQA or VOO?
Over the past year QQA returned +22.80% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), QQA annualized +19.32% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, QQA or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 12.9% for QQA. Worst drawdown: QQA -19.7% vs VOO -34.3%.
Should I hold both QQA and VOO?
QQA and VOO have a monthly-return correlation of 0.92, 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 VOO?
QQA and VOO share 89 common holdings with a 47.8% weight overlap. Combined, they hold 528 unique securities.
Which pays a higher dividend, QQA or VOO?
QQA yields 9.53% while VOO yields 1.09%, so QQA currently pays the higher dividend yield.
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