FDND vs QQA: Grades, Fees and Holdings Compared

FT Vest Dow Jones Internet & Target Income ETF

FDNDDCboe

Invesco QQQ Income Advantage ETF

QQAANasdaq

Overlap

13.0%by weight

Expense ratio

QQA −0.46pt a year

FDND0.75%QQA0.29%

Avg volume · 30D

QQA 76.6×the volume

FDND1.55KQQA119K

FDND vs QQA Performance

Oct 31, 2025 – Oct 30, 2026

−7.0%FDND+9.6%QQA

Expense ratio: FDND 0.75%; QQA 0.29%, better
Fund size: FDND $9M; QQA $894M
1Y total return: FDND −7.0%; QQA +9.6%, better
Yield (12M): FDND 8.31%; QQA 10.49%, better
Holdings: FDND 42; QQA 123
Avg volume (30D): FDND 1.55K sh; QQA 119K sh, better
NAV per share: FDND $20.63; QQA $53.44
52W range

ETF.net Grade

Pillar letters and Scores for FDND, QQA, with each pillar’s weight
Pillar	FDND	QQA
Cost30% weight	C42	A92Higher
Mission25% weight	Not scored	A100
Risk15% weight	F7	B67Higher
Tradability15% weight	D39	B64Higher
Holdings10% weight	C40	B69Higher
Durability5% weight	C42	A74Higher

Rank among Nasdaq-100 Option Income funds

How we build Categories ›

Same Category. FDND and QQA are both graded against the same 30 Nasdaq-100 Option Income funds, so their Grades compare head to head.

Nasdaq-100 Option Income⁠

Category · 30 funds

See all 30 ›

QQA ranks 2nd and FDND 27th of 30 funds in the Nasdaq-100 Option Income Category.

Rank 1AGPIQGoldman Sachs Nasdaq-100 Premium Income ETFScore 83
Rank 2AQQAInvesco QQQ Income Advantage ETFScore 82
Rank 3AJEPQJPMorgan Nasdaq Equity Premium Income ETFScore 80
Rank 25DQLDYDefiance Nasdaq 100 LightningSpread Income ETFScore 34
Rank 27DFDNDFT Vest Dow Jones Internet & Target Income ETFScore 33
Rank 27DQDTYYieldMax Nasdaq 100 0DTE Covered Call Strategy ETFScore 33

Our read on each fund

ETF.net Research

FDNDDFT Vest Dow Jones Internet & Target Income ETF

QQAAInvesco QQQ Income Advantage ETF

In short

FDND No data

QQA Most 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

FDND No data

QQA 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

FDND No data

QQA 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

FDND No data

QQA 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.

Full FDND profile⁠

Full QQA profile⁠

FDND vs QQA Holdings

How FDND and QQA differ

Overlap by weight

13.0%

Shared holdings make up 60.9% of FDND and 13.0% of QQA.

Level by level

Holdings14 in both13.0%
Countryby domicile97.3%

Sector

No Sector split for FDND.

Country, concentration and asset class

Country by domicile

Country weights in FDND and QQA, widest gap first
Country	More in FDNDMore in QQA	FDND	QQA
United States	FDND +1.5 points	98.8%	97.3%
Australia	FDND +1.2 points	1.2%	0.0%
Canada	QQA +1.1 points	0.0%	1.1%
Netherlands	QQA +0.9 points	0.0%	0.9%
Other countries (3)	QQA +0.8 points	0.0%	0.8%

Concentration

Weight in the 10 largest Holdings

FDND60.7%
QQA53.2%

Securities held

FDND41
QQA122

Asset class

FDND: Multi-Asset
QQA: Equity

Holdings

Only in FDND27
In both14
Only in QQA108

Only in FDND

27 securities, 38.5% of FDND by weight

Salesforce, Inc.4.54%
Arista Networks, Inc.4.24%
Oracle Corporation3.91%
Snowflake Inc. (Class A)3.89%
Cloudflare, Inc. (Class A)3.31%
Carvana Co. (Class A)1.80%
eBay Inc.1.78%
Veeva Systems Inc. (Class A)1.71%
Ciena Corporation1.68%
Okta, Inc.1.27%
Atlassian Corporation (Class A)1.12%
Roblox Corporation (Class A)1.06%
Zoom Communications, Inc. (Class A)0.93%
VeriSign, Inc.0.92%
F5, Inc.0.70%
Nutanix, Inc. (Class A)0.67%
DocuSign, Inc.0.58%
Samsara Inc. (Class A)0.58%
GoDaddy Inc. (Class A)0.54%
Circle Internet Group, Inc. (Class A)0.54%
Reddit, Inc. (Class A)0.49%
Akamai Technologies, Inc.0.49%
HubSpot, Inc.0.43%
Flutter Entertainment Plc0.43%
DraftKings Inc.0.38%
Paycom Software, Inc.0.37%
Duolingo, Inc.0.19%

Only in QQA

108 securities, 86.9% of QQA by weight

Invesco Premier US Government Money Portfolio19.96%
NVIDIA Corp6.12%
Apple Inc6.05%
Microsoft Corp4.68%
Micron Technology Inc3.46%
Advanced Micro Devices Inc3.03%
Tesla Inc2.52%
Space Exploration Technologies Corp2.03%
Broadcom Inc1.95%
Walmart Inc1.94%
Intel Corp1.59%
Palantir Technologies Inc1.48%
Costco Wholesale Corp1.45%
Applied Materials Inc1.10%
Lam Research Corp1.04%
Palo Alto Networks Inc1.02%
Texas Instruments Inc0.94%
Crowdstrike Holdings Inc0.88%
Amgen Inc0.82%
Linde PLC0.76%
KLA Corp0.72%
Analog Devices Inc0.69%
Gilead Sciences Inc0.67%
Shopify Inc0.66%
QUALCOMM Inc0.64%
Sandisk Corp0.64%
Marvell Technology Inc0.63%
PepsiCo Inc0.60%
Seagate Technology Holdings PLC0.52%
Intuitive Surgical Inc0.52%
T-Mobile US Inc0.52%
ASML Holding NV0.52%
Western Digital Corp0.47%
Vertex Pharmaceuticals Inc0.45%
Toronto-Dominion Bank/The 148.80% 11/30/20260.41%
Starbucks Corp0.39%
Automatic Data Processing Inc0.37%
Royal Bank of Canada 163.05% 11/27/20260.37%
Marriott International Inc/MD0.34%
Citigroup Inc 154.75% 12/01/20260.34%
Fortinet Inc0.34%
ARM Holdings PLC0.33%
Adobe Inc0.32%
CSX Corp0.32%
Cadence Design Systems Inc0.31%
Synopsys Inc0.31%
Constellation Energy Corp0.31%
Monster Beverage Corp0.30%
Intuit Inc0.30%
Royal Bank of Canada 171.13% 11/25/20260.29%

Weight gaps

All 14 Holdings in both funds, largest gap first.

Holding weights in FDND and QQA, widest gap first
Holding	More in FDNDMore in QQA	FDND	QQA
Meta Platforms, Inc. (Class A)META	FDND +7.91 points	10.12%	2.21%
Cisco Systems, Inc.CSCO	FDND +7.54 points	8.94%	1.40%
Amazon.com, Inc.AMZN	FDND +7.11 points	10.24%	3.13%
Netflix, Inc.NFLX	FDND +4.68 points	5.53%	0.85%
Booking Holdings Inc.BKNG	FDND +3.72 points	4.09%	0.37%
Alphabet Inc. (Class A)GOOGL	FDND +3.06 points	5.04%	1.98%
Datadog, Inc. (Class A)DDOG	FDND +2.61 points	2.90%	0.29%
Airbnb, Inc. (Class A)ABNB	FDND +2.30 points	2.53%	0.23%
DoorDash, Inc. (Class A)DASH	FDND +2.23 points	2.47%	0.24%
Alphabet Inc. (Class C)GOOG	FDND +2.21 points	4.06%	1.85%
PayPal Holdings, Inc.PYPL	FDND +1.62 points	1.78%	0.16%
Workday, Inc. (Class A)WDAY	FDND +1.33 points	1.46%	0.13%
Copart, Inc.CPRT	FDND +0.84 points	0.93%	0.09%
CoreWeave, Inc. (Class A)CRWV	FDND +0.68 points	0.77%	0.09%

All 42 FDND holdings⁠All 122 QQA holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FDND vs QQA Cost

Overpaying FDND vs QQA

$8,530

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

FDND 0.75%
$14,482
QQA 0.29%
$5,952

Amount$10,000

Years30 years

Cost over time

FDND 0.75%
QQA 0.29%
Overpaying

Year by year

Year	FDND	QQA	Overpaying
10	$1,336	$527	$809
20	$5,078	$2,044	$3,034
30	$14,482	$5,952	$8,530

Expense ratio

0.75%FDND
0.29%QQA, cheaper

QQA0.29%FDND0.75%

0.00%1.20%

Middle half of Nasdaq-100 Option Income funds
Median 0.71%

QQA 2nd cheapest of 30 funds

FDND 17th cheapest of 30 funds

FDND vs QQA Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FDND 8.31%; QQA 10.49%, better
Payout (12M): FDND $1.72; QQA $5.62
Last payment: FDND $0.14; QQA $0.47
Ex-dividend: FDND Oct 21, 2026; QQA Oct 19, 2026
Paid on: FDND Oct 30, 2026; QQA Oct 23, 2026
Frequency: FDND Monthly; QQA Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

FDNDMonthly · 31 paymentsAll FDND payments⁠

QQAMonthly · 27 paymentsAll QQA payments⁠

FDND vs QQA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: FDND 18.8%since Apr 2024QQA 13.1%since Aug 2024
Return per unit of riskSharpe ratio, 3 years: FDND 0.32since Apr 2024QQA 0.91since Aug 2024
Worst fallMax drawdown, 5 years: FDND −24.1%since Mar 2024QQA −19.7%since Jul 2024
Market sensitivityBeta, 5 years: FDND 1.14QQA 0.92; Market = 1

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