Invesco QQQ Income Advantage ETF
$57.07−0.22 (−0.38%)
- Expense ratio
- 0.33%
- Fund size
- $892M
- 1Y return
- +20.8%
- Yield · Last 12 months
- 9.77%
- Holdings
- 120
- Volume · 30D
- 0.1M sh
- NAV per share
- $57.09
- 52W range
The ETF.net QQA Grade
Score 82 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 97Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 97Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 70Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 64Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 57Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 74Category rank
Our read on QQA
ANasdaq-100 exposure with an options-income overlay, actively run, no leverage, paid monthly. The hook is price: 0.33% is less than half the going rate in the Nasdaq covered-call aisle.
Actively managed QQA combines Nasdaq-100 equity exposure with an options-income overlay. It seeks consistent monthly income, long-term capital growth, and lower volatility without leverage.
Why people hold it
- At 0.33%, it charges less than half the typical fee in its Nasdaq-100 options-income group, and undercuts heavyweights like JEPQ, GPIQ and QYLD.
- Actively managed rather than rules-locked, with stated aims of consistent monthly income, long-term capital growth and lower volatility.invesco.com
- No leverage in the structure. The income comes from writing options against a portfolio of about 120 Nasdaq-100 names, and it pays monthly.
- One of the strongest implementations in the Nasdaq-100 income crowd on our review, mostly because it does the same job as pricier rivals for less.
Worth knowing
- The overlay is the trade-off: selling calls funds the monthly check and gives up some of the upside when the Nasdaq runs hard.
- Launched in 2024, so the track record covers a short stretch of market weather compared with older funds in the group.
- Payouts are monthly but not fixed: no target yield is declared, and option premiums move with volatility. The equity side stays mega-cap tech heavy.
QQA Holdings
- Stocks
- 120
- 52%
- Invesco Premier US Government Money Portfolio
Sectors
- Technology60.2%
- Communication12.7%
- Consumer Discr.10.3%
- Cons. Staples6.0%
- Industrials4.2%
- Health Care3.9%
- Utilities1.1%
- Materials0.9%
- Energy0.5%
- Financials0.2%
Geography
- United States95.56%
- United Kingdom1.65%
- Netherlands1.31%
- Canada0.85%
- Uruguay0.40%
- Ireland0.23%
QQA Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | QQA |
|---|---|
| Year to date | +16.8% |
| 1 month | +3.6% |
| 3 months | +2.1% |
| 1 year | +20.8% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | QQA |
|---|---|---|
| 2026 YTD | +16.8% | |
| 2025 | +17.2% | |
| 2024 | +7.1% |
QQA in the news
ETF.net Research hasn’t filed on QQA yet — coverage lands here as it’s written.
QQA Dividends
- 9.77%
- $5.60
- $0.49 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.49 |
| Aug 24, 2026 | Aug 28, 2026 | $0.48 |
| Jul 20, 2026 | Jul 24, 2026 | $0.48 |
| Jun 22, 2026 | Jun 26, 2026 | $0.50 |
| May 18, 2026 | May 22, 2026 | $0.49 |
| Apr 20, 2026 | Apr 24, 2026 | $0.46 |
| Mar 23, 2026 | Mar 27, 2026 | $0.43 |
| Feb 23, 2026 | Feb 27, 2026 | $0.45 |
| Jan 20, 2026 | Jan 23, 2026 | $0.46 |
| Dec 22, 2025 | Dec 26, 2025 | $0.46 |
| Nov 24, 2025 | Nov 28, 2025 | $0.44 |
| Oct 20, 2025 | Oct 24, 2025 | $0.45 |
QQA Risk
- 12.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.15
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −19.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.94
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
QQA Cost
- The middle half of Nasdaq-100 Option Income funds
- Median 0.74%
1 of the 31 Nasdaq-100 Option Income funds charge less.