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QQA vs QYLD

Invesco QQQ Income Advantage ETF

QQAANasdaq

Global X - Nasdaq 100 Covered Call ETF

QYLDANasdaq

Overlap

75.4%by weight

Expense ratio

QQA −0.27pt a year

QQA0.33%QYLD0.60%

Avg volume · 30D

QYLD 37.5×the volume

QQA118KQYLD4.44M

QQA vs QYLD Performance

Oct 16, 2025 – Oct 16, 2026

+16.4%QQA+20.1%QYLD

Oct 16, 2025 to Oct 16, 2026. QQA +16.4%. QYLD +20.1%. Use the arrow keys to read each point.0%5%10%Oct 2025Apr 2026Oct 2026
Expense ratio
QQA 0.33%, better
QYLD 0.60%
Fund size
QQA $921M
QYLD $8.57B
1Y total return
QQA +16.4%
QYLD +20.1%, better
Yield (12M)
QQA 10.13%
QYLD 11.63%, better
Holdings
QQA 120
QYLD 103
Avg volume (30D)
QQA 118K sh
QYLD 4.44M sh, better
NAV per share
QQA $56.42
QYLD $18.73
52W range

ETF.net Grade

QQA: Cost 97, Risk 70, Mission 97, Tradability 62, Holdings 65, Durability 73. QYLD: Cost 65, Risk 81, Mission 100, Tradability 90, Holdings 74, Durability 91.
Pillar letters and Scores for QQA, QYLD, with each pillar’s weight
PillarQQAQYLD
Cost30% weightA97HigherB65
Mission25% weightA97A100Higher
Risk15% weightA70A81Higher
Tradability15% weightB62A90Higher
Holdings10% weightB65A74Higher
Durability5% weightA73A91Higher

Rank among Nasdaq-100 Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. QQA and QYLD are both graded against the same 31 Nasdaq-100 Option Income funds, so their Grades compare head to head.

Nasdaq-100 Option Income⁠

Category · 31 funds
See all 31 ›

QQA ranks 1st and QYLD 2nd of 31 funds in the Nasdaq-100 Option Income Category.

  1. Rank 1AQQAInvesco QQQ Income Advantage ETFScore 83
  2. Rank 2AGPIQGoldman Sachs Nasdaq-100 Premium Income ETFScore 82
  3. Rank 2AQYLDGlobal X - Nasdaq 100 Covered Call ETFScore 82
  4. Rank 4AJEPQJPMorgan Nasdaq Equity Premium Income ETFScore 79

Our read on each fund

ETF.net Research

QQAAInvesco QQQ Income Advantage ETF

QYLDAGlobal X - Nasdaq 100 Covered Call ETF

In short

QQA Nasdaq-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.

QYLD Running since 2013, QYLD is the no-frills version of the Nasdaq-100 income trade: own the index, sell calls against it, pay out monthly. No stock picking, no manager discretion, just a rules-based buy-write index followed closely.

Stated mandate

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.

QYLD QYLD seeks, before fees and expenses, to generally match the price and yield performance of the Cboe NASDAQ-100® BuyWrite V2 Index. It uses a buy-write strategy that holds NASDAQ-100 stocks and sells corresponding call options.

Why people hold it

  • QQA 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.
  • QYLD Simple machine: holds Nasdaq-100 stocks, sells the matching calls, and tracks the Cboe NASDAQ-100 BuyWrite V2 Index closely. Nothing to second-guess.
  • Income arrives monthly, and the 0.60% fee sits under the median for Nasdaq-100 options-income funds.
  • A multi-billion-dollar fund that trades very actively, so getting in and out is rarely the hard part.

Worth knowing

  • QQA 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.
  • QYLD Writing calls sells the upside. When the Nasdaq-100 runs past the strike, that gain goes to the option buyer, not the fund.
  • Leaner options on the same index: QQA at 0.33%, GPIQ and JEPQ at 0.35%.
  • Payouts are funded by option premium and no target rate is declared, so the monthly check varies with volatility.

Full QQA profile⁠

Full QYLD profile⁠

QQA vs QYLD Holdings

Holdings as of Oct 13, 2026

Overlap

75.4%by weight

Only QQA
19
of 120
In both
101
holdings
Only QYLD
2
of 103

Holdings side by side

Top 10 holdings by combined weight
HoldingQQAQYLD
Invesco Premier US Government Money PortfolioInvesco Premier US Government Money Portfolio19.91%Not held
NVDANVIDIA Corp6.09%8.55%
AAPLApple Inc5.81%7.80%
MSFTMicrosoft Corp4.66%6.30%
MUMicron Technology Inc3.38%4.83%
AMZNAmazon.com Inc3.20%4.39%
AMDAdvanced Micro Devices Inc2.95%4.20%
METAMeta Platforms Inc2.55%3.46%
GOOGLAlphabet Inc2.39%3.25%
TSLATesla Inc2.22%3.11%

All 119 QQA holdings⁠All 101 QYLD holdings⁠

Sectors

QQAQYLDSame weight

  • TechnologyQQA 60.1%QYLD 60.3%
  • CommunicationQQA 12.3%QYLD 12.6%
  • Consumer DiscretionaryQQA 10.3%QYLD 10.1%
  • Consumer StaplesQQA 5.8%QYLD 5.6%
  • IndustrialsQQA 5.3%QYLD 5.1%
  • Health CareQQA 3.7%QYLD 3.8%
  • UtilitiesQQA 1.1%QYLD 1.0%
  • Materials, same for bothQQA 0.9%QYLD 0.9%
  • EnergyQQA 0.5%QYLD 0.4%
  • Financials, same for bothQQA 0.2%QYLD 0.2%

QQA vs QYLD Cost

Expense ratio

  • 0.33%QQA, cheaper
  • 0.60%QYLD
  • Middle half of Nasdaq-100 Option Income funds
  • Median 0.68%

QQA 2nd cheapest of 31 funds

QYLD 11th cheapest of 31 funds

$5,080less in fees with QQA over 30 years, on $10,000 invested

$0$2,500$5,000$7,500$10,000$12,500$15,000Start10 years20 years30 years

Assumes $10,000 invested once and 7% growth a year before fees.

QQA vs QYLD Dividends

Last 12 months to Oct 16, 2026
Yield (12M)
QQA 10.13%
QYLD 11.63%, better
Payout (12M)
QQA $5.60
QYLD $2.13
Last payment
QQA $0.49
QYLD $0.18
Ex-dividend
QQA Sep 21, 2026
QYLD Sep 21, 2026
Paid on
QQA Sep 25, 2026
QYLD Sep 24, 2026
Frequency
QQA Monthly
QYLD Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

QQAMonthly · 26 paymentsAll QQA payments⁠
One bar per payment. 26 payments from 2023 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. Use the arrow keys to read each point.$0$0.5020232026YTD
QYLDMonthly · 45 paymentsAll QYLD payments⁠
One bar per payment. 45 payments from 2023 to 2026 YTD. Jan 23, 2023 $0.17; Feb 21, 2023 $0.17; Mar 20, 2023 $0.17; Apr 24, 2023 $0.17; May 22, 2023 $0.17; Jun 20, 2023 $0.18; Jul 24, 2023 $0.18; Aug 21, 2023 $0.17; Sep 18, 2023 $0.17; Oct 23, 2023 $0.17; Nov 20, 2023 $0.16; Dec 28, 2023 $0.17; Jan 22, 2024 $0.18; Feb 20, 2024 $0.18; Mar 18, 2024 $0.18; Apr 22, 2024 $0.17; May 20, 2024 $0.16; Jun 24, 2024 $0.17; Jul 22, 2024 $0.18; Aug 19, 2024 $0.18; Sep 23, 2024 $0.18; Oct 21, 2024 $0.18; Nov 18, 2024 $0.18; Dec 30, 2024 $0.34; Jan 21, 2025 $0.19; Feb 24, 2025 $0.17; Mar 24, 2025 $0.17; Apr 21, 2025 $0.16; May 19, 2025 $0.17; Jun 23, 2025 $0.17; Jul 21, 2025 $0.17; Aug 18, 2025 $0.17; Sep 22, 2025 $0.17; Oct 20, 2025 $0.17; Nov 24, 2025 $0.17; Dec 22, 2025 $0.18; Jan 20, 2026 $0.18; Feb 23, 2026 $0.18; Mar 23, 2026 $0.17; Apr 20, 2026 $0.18; May 18, 2026 $0.18; Jun 22, 2026 $0.19; Jul 20, 2026 $0.18; Aug 24, 2026 $0.18; Sep 21, 2026 $0.18. Use the arrow keys to read each point.$0$0.5020232026YTD

QQA vs QYLD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
QQA 12.5%since Aug 2024QYLD 7.8%
Return per unit of riskSharpe ratio, 3 years
QQA 1.21since Aug 2024QYLD 1.47
Worst fallMax drawdown, 5 years
QQA −19.7%since Jul 2024QYLD −24.6%
Market sensitivityBeta, 3 years
QQA 0.92QYLD 0.48

QQA and QYLD in the news

All news⁠

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