Invesco QQQ Income Advantage ETF
$57.47−0.14 (−0.24%)
- 0.33%
- $938M
- +23.0%
- 9.71%
- 0.1M sh
- $57.78
- low $48.20high $58.53
The ETF.net QQA Grade
A
Score 83 out of 100
- 1 of 31
Score 83 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.A97 out of 100Rank 2 of 31Mission
Whether the fund did what it promised, tested against its stated mandate.A93 out of 100Rank 8 of 19Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A70 out of 100Rank 6 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B62 out of 100Rank 10 of 31Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A77 out of 100Rank 6 of 23Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A73 out of 100Rank 7 of 31
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
- 53%
- Invesco Premier US Government Money Portfolio
Sectors
- Technology60.1%
- Communication12.3%
- Consumer Discretionary10.3%
- Consumer Staples5.8%
- Industrials5.3%
- Health Care3.7%
- Utilities1.1%
- Materials0.9%
- Energy0.5%
- Financials0.2%
Geography
- United States95.47%
- United Kingdom1.63%
- Netherlands1.33%
- Canada0.97%
- Uruguay0.39%
- Ireland0.21%
QQA Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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QQA$12,300
Returns run to the Oct 12, 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 | +17.4% |
| 1 month | +3.5% |
| 3 months | +3.3% |
| 1 year | +23.0% |
| 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 | +17.4% | |
| 2025 | +17.2% | |
| 2024 | +7.1% |
QQA in the news
QQA Dividends
- 9.71%
- $5.60
- $0.49 per share
- Monthly
Distribution history
QQA Risk
- 12.5%
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.
- 1.21
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.
- 0.92
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
0.33%
QQA0.33%
- The middle half of Nasdaq-100 Option Income funds
- Median 0.71%
No Nasdaq-100 Option Income fund charges less.
Other funds in Nasdaq-100 Option Income
- AGPIQGoldman Sachs Nasdaq-100 Premium Income ETFExpense ratio 0.35%1 year return +25.5%
- AQYLDGlobal X - Nasdaq 100 Covered Call ETFExpense ratio 0.60%1 year return +24.8%
- AQYLGGlobal X Nasdaq 100 Covered Call & Growth ETFExpense ratio 0.35%1 year return +26.0%
- AJEPQJPMorgan Nasdaq Equity Premium Income ETFExpense ratio 0.35%1 year return +21.5%
- ABALQiShares Nasdaq Premium Income Active ETFExpense ratio 0.35%1 year return —