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Launched

Invesco QQQ Income Advantage ETF

QQANasdaqInvescoA

$52.92−0.59 (−1.10%)

At close: Nov 2, 2026, 4:00 PM ET

A82/ 100

Rank 2 of 31 in Nasdaq-100 Option Income

A82/100Rank 2 of 31inNasdaq-100 Option Income
Intraday session: down, 79 prints from 53.51 to 52.92. Range 52.87 to 54.12. Use the arrow keys to read each point.53.2553.7554.0010 AM12 PM2 PM4 PM
Expense ratio
0.29%*
Fund size
$894M
1Y total return
+8.4%
Yield · Last 12 months
10.61%
Holdings
123
Avg volume · 30D
119K sh
52W range
low $48.20high $58.53
Launched

*After a fee waiver that ends Aug 31, 2027. Without it: 0.33%.

The ETF.net QQA Grade

A

Score 82 out of 100

Category
Nasdaq-100 Option Income⁠
Rank
2 of 31
Six-pillar profile for QQA. Scores out of 100: Cost 92, Risk 67, Mission 100, Tradability 64, Holdings 69, Durability 74. Strongest: Mission (100). Weakest: Tradability (64). Leans toward Mission.

Score 82 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A92 out of 100
    Rank 3 of 31

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 20

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B67 out of 100
    Rank 8 of 31

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B64 out of 100
    Rank 9 of 31

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B69 out of 100
    Rank 8 of 23

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A74 out of 100
    Rank 7 of 31

Our read on QQA

ETF.net Research

In short

AMost Nasdaq-100 income funds write calls on the whole portfolio. QQA overlays options on roughly half, pairs covered calls with cash-secured puts, and ladders them, so a chunk of the index upside stays uncapped.

Stated mandate

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

  • The income sleeve covers roughly 50% of the portfolio; the rest stays uncapped Nasdaq-100. Premium comes from both covered calls and cash-secured puts, not calls alone.invesco.com
  • 0.29% net of a waiver through August 31, 2027 (0.33% gross), below the category median. GPIQ matches at 0.29%, also net of a waiver, through April 30, 2027; QYLD charges 0.60%, JEPQ 0.35%.
  • Options are added and rolled on a schedule rather than set all at once, which spreads entry points instead of pinning the month's income to a single expiry.invesco.com
  • Actively managed, so strikes and coverage can move with market conditions, and it pays monthly.

Worth knowing

  • The flip side of premium: upside on the covered portion is capped, so a fast Nasdaq-100 rally is one this fund is built to lag.invesco.com
  • No declared target yield. Monthly payouts ride on option premiums, which rise and fall with volatility.
  • Mid-sized and moderately traded next to the category's largest names, so spreads can widen. Limit orders earn their keep.

QQA Performance

Launched Jul 17, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
QQA$10,836
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. QQA $10,836. SPY $11,146. Use the arrow keys to read each point.$10,000$11,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 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.

Trailing total return for QQA. Periods over one year show the average yearly return.
PeriodQQA
Year to date+8.8%
1 month−7.3%
3 months−0.4%
1 year+8.4%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for QQA
YearReturn barQQA
2026 YTD+8.8%
2025+17.2%
2024+7.1%

Since listing, Jul 17, 2024

QQA in the news

QQA Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
10.61%Last 12 months
Payout per share
$5.62Last 12 months
Last payment
$0.47 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2024–2026

One bar per payment. 27 payments from 2024 to 2026 YTD. Aug 19, 2024 $0.41; Sep 23, 2024 $0.42; Oct 21, 2024 $0.42; Nov 18, 2024 $0.46; Dec 23, 2024 $0.44; Jan 21, 2025 $0.44; Feb 24, 2025 $0.44; Mar 24, 2025 $0.40; Apr 21, 2025 $0.38; May 19, 2025 $0.42; Jun 23, 2025 $0.42; Jul 21, 2025 $0.44; Aug 18, 2025 $0.44; Sep 22, 2025 $0.45; Oct 20, 2025 $0.45; Nov 24, 2025 $0.44; Dec 22, 2025 $0.46; Jan 20, 2026 $0.46; Feb 23, 2026 $0.45; Mar 23, 2026 $0.43; Apr 20, 2026 $0.46; May 18, 2026 $0.49; Jun 22, 2026 $0.50; Jul 20, 2026 $0.48; Aug 24, 2026 $0.48; Sep 21, 2026 $0.49; Oct 19, 2026 $0.47. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Oct 19, 2026Oct 23, 2026$0.47
Sep 21, 2026Sep 25, 2026$0.49
Aug 24, 2026Aug 28, 2026$0.48
Jul 20, 2026Jul 24, 2026$0.48
Jun 22, 2026Jun 26, 2026$0.50
May 18, 2026May 22, 2026$0.49
Apr 20, 2026Apr 24, 2026$0.46
Mar 23, 2026Mar 27, 2026$0.43
Feb 23, 2026Feb 27, 2026$0.45
Jan 20, 2026Jan 23, 2026$0.46
Dec 22, 2025Dec 26, 2025$0.46
Nov 24, 2025Nov 28, 2025$0.44

See all 27 payments⁠

$10,000 in QQA 1 year ago paid $1,035 in dividends.⁠

QQA Risk

Risk pillarB67 out of 100Rank 8 of 31 in Nasdaq-100 Option Income
How much the fund’s monthly returns vary, scaled to a year.
13.1%
Annualised · 27 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.91
vs 3-month T-bills · 27 months to Oct 2026
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.

The largest fall from a peak to the low that followed.
−19.7%
27 months · trough Apr 2025
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.

How strongly the fund’s returns move with its asset-class index.
0.92
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

QQA Cost

Compare QQA and EDGQ

Overpaying vs EDGQ, cheapest in Nasdaq-100 Option Income

$5,952

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • QQA 0.29%

    $5,952

  • EDGQ 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • QQA 0.29%
  • EDGQ 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530QQA $5,952EDGQ $0

Year by year

YearQQAEDGQOverpaying
10$527$0$527
20$2,044$0$2,044
30$5,952$0$5,952
How the 0.29% is worked out

Full fee 0.33%− waiver 0.04%= you pay 0.29%

The waiver ends Aug 31, 2027. After that the fee is 0.33% unless Invesco renews it. Source: prospectus, Feb 2026.

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