QQA vs QYLG: Grades, Fees and Holdings Compared

Invesco QQQ Income Advantage ETF

QQAANasdaq

Global X Nasdaq 100 Covered Call & Growth ETF

QYLGANasdaq

Overlap

74.8%by weight

Expense ratio

QQA −0.06pt a year

QQA0.29%QYLG0.35%

Avg volume · 30D

QQA 2.4×the volume

QQA124KQYLG52.6K

QQA vs QYLG Performance

Nov 7, 2025 – Nov 9, 2026

+10.3%QQA+13.6%QYLG

Expense ratio: QQA 0.29%, better; QYLG 0.35%
Fund size: QQA $842M; QYLG $177M
1Y total return: QQA +10.3%; QYLG +13.6%, better
Yield (12M): QQA 10.66%; QYLG 17.65%, better
Holdings: QQA 123; QYLG 103
Avg volume (30D): QQA 124K sh, better; QYLG 52.6K sh
NAV per share: QQA $51.08; QYLG $27.46
52W range

ETF.net Grade

Pillar letters and Scores for QQA, QYLG, with each pillar’s weight
Pillar	QQA	QYLG
Cost30% weight	A92Higher	A82
Mission25% weight	A100Higher	A96
Risk15% weight	B62	B66Higher
Tradability15% weight	B64Higher	C51
Holdings10% weight	A73	A73
Durability5% weight	A74Higher	B67

Rank among Nasdaq-100 Option Income funds

How we build Categories ›

Same Category. QQA and QYLG 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 1st and QYLG 5th of 30 funds in the Nasdaq-100 Option Income Category.

Rank 1AQQAInvesco QQQ Income Advantage ETFScore 82
Rank 2AGPIQGoldman Sachs Nasdaq-100 Premium Income ETFScore 80
Rank 4AJEPQJPMorgan Nasdaq Equity Premium Income ETFScore 79
Rank 5AQYLGGlobal X Nasdaq 100 Covered Call & Growth ETFScore 76
Rank 6AQQQINEOS Nasdaq-100 High Income ETFScore 73

Our read on each fund

ETF.net Research

QQAAInvesco QQQ Income Advantage ETF

QYLGAGlobal X Nasdaq 100 Covered Call & Growth ETF

In short

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.

QYLG Covered calls, but only on half the book. QYLG owns the Nasdaq-100 and sells at-the-money calls on roughly 50% of the portfolio, trading away half the index's upside for monthly option income instead of all of it.

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.

QYLG QYLG combines exposure to Nasdaq-100 stocks with a covered-call program on approximately half of the portfolio. The strategy is intended to provide income while retaining some upside participation.

Why people hold it

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.

QYLG Calls cover about half the portfolio, so the unwritten half keeps full participation in Nasdaq-100 moves instead of getting capped every month.globalxetfs.com
A 0.35% expense ratio undercuts most Nasdaq-100 option-income funds, including Global X's own full-overwrite sibling QYLD.
Rules-based, not discretionary: it follows the Cboe Nasdaq-100 Half BuyWrite V2 Index, and its delivery of that stated mandate sits in the top quartile of its peer group.globalxetfs.com
Distributions run monthly, a cadence the fund has kept since its 2020 launch.globalxetfs.com

Worth knowing

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.

QYLG Half the overwrite, roughly half the premium: by design this generates less income than a full covered-call fund like QYLD writing on the whole portfolio.globalxetfs.com
The written half uses at-the-money calls, so that slice's gains stop at the strike in a hot month. Premium collected rises and falls with volatility.globalxetfs.com
Assets and daily volume are modest next to the category's heavyweights, so bid-ask spreads matter more on larger orders.

Full QQA profile⁠

Full QYLG profile⁠

QQA vs QYLG Holdings

How QQA and QYLG differ

Overlap by weight

74.8%

Shared holdings make up 99.9% of QYLG and 74.8% of QQA.

About this figure: QQA earns income from options, which aren’t counted.

QYLG earns income from options, which aren’t counted.

Level by level

Holdings101 in both74.8%
Asset classStocks100%
Countryby domicile99.9%
Sector10 Sectors99.97%

Sector

Sector weights in QQA and QYLG, widest gap first
Sector	Gap	QQA	QYLG
Industrials	QQA +0.1 points	5.4%	5.3%
Health Care	Same weight	5.2%	5.2%
Consumer Staples	Same weight	7.5%	7.5%
Communication	Same weight	12.1%	12.1%
Technology	Same weight	54.9%	54.9%
Energy	Same weight	0.5%	0.5%
Financials	Same weight	0.2%	0.2%
Consumer Discretionary	Same weight	11.8%	11.8%
Utilities	Same weight	1.2%	1.2%
Materials	Same weight	1.2%	1.1%

Country, concentration and asset class

Country by domicile

Country weights in QQA and QYLG, widest gap first
Country	Gap	QQA	QYLG
United States	Same weight	97.3%	97.3%
Canada	Same weight	1.0%	1.0%
Netherlands	Same weight	0.8%	0.8%
Brazil	Same weight	0.4%	0.4%
China	Same weight	0.3%	0.3%
United Kingdom	Same weight	0.2%	0.2%

Concentration

Weight in the 10 largest Holdings

QQA54.0%
QYLG47.0%

Securities held

QQA122
QYLG102

Asset class

QQA: Stocks
QYLG: Stocks

Holdings

Only in QQA21
In both101
Only in QYLG1

Only in QQA

21 securities, 25.1% of QQA by weight

Invesco Premier US Government Money Portfolio21.00%
Toronto-Dominion Bank/The 148.80% 11/30/20260.35%
Royal Bank of Canada 163.05% 11/27/20260.33%
Wells Fargo & Co 119.39% 12/10/20260.30%
Canadian Imperial Bank of Commerce 143.00% 12/03/20260.29%
Citigroup Inc 154.75% 12/01/20260.28%
Royal Bank of Canada 171.13% 11/25/20260.28%
JPMorgan Chase & Co 140.94% 12/04/20260.26%
Wells Fargo & Co 185.69% 11/24/20260.21%
Wells Fargo & Co 187.87% 11/23/20260.21%
UBS Group AG 132.90% 12/09/20260.20%
UBS Group AG 215.53% 11/20/20260.18%
UBS Group AG 222.11% 11/16/20260.16%
UBS Group AG 215.54% 11/16/20260.16%
Royal Bank of Canada 210.38% 11/19/20260.15%
Royal Bank of Canada 210.42% 11/18/20260.15%
BNP Paribas SA 205.15% 11/17/20260.14%
Citigroup Inc 136.47% 12/07/20260.14%
Carnival Corp Ltd0.13%
Wells Fargo & Co 234.39% 11/13/20260.10%
UBS Group AG 255.80% 11/12/20260.10%

Only in QYLG

1 security, 0.0% of QYLG by weight

Other Payable & Receivables<0.01%

Weight gaps

The 100 widest of 101 Holdings in both funds.

Holding weights in QQA and QYLG, widest gap first
Holding	Gap	QQA	QYLG
Apple IncAAPL	QYLG +2.15 points	6.40%	8.55%
NVIDIA CorpNVDA	QYLG +1.94 points	5.76%	7.70%
Microsoft CorpMSFT	QYLG +1.70 points	5.04%	6.74%
Amazon.com IncAMZN	QYLG +1.21 points	3.58%	4.79%
Micron Technology IncMU	QYLG +0.93 points	2.75%	3.68%
Advanced Micro Devices IncAMD	QYLG +0.87 points	2.59%	3.46%
Tesla IncTSLA	QYLG +0.81 points	2.41%	3.22%
Meta Platforms IncMETA	QYLG +0.79 points	2.32%	3.11%
Walmart IncWMT	QYLG +0.72 points	2.16%	2.88%
Alphabet IncGOOGL	QYLG +0.72 points	2.14%	2.86%
Space Exploration Technologies CorpSPCX	QYLG +0.68 points	2.04%	2.72%
Alphabet IncGOOG	QYLG +0.68 points	2.01%	2.69%
Broadcom IncAVGO	QYLG +0.60 points	1.79%	2.39%
Costco Wholesale CorpCOST	QYLG +0.56 points	1.65%	2.21%
Cisco Systems IncCSCO	QYLG +0.44 points	1.31%	1.75%
Palantir Technologies IncPLTR	QYLG +0.44 points	1.30%	1.74%
Intel CorpINTC	QYLG +0.35 points	1.04%	1.40%
Netflix IncNFLX	QYLG +0.32 points	0.93%	1.25%
Applied Materials IncAMAT	QYLG +0.31 points	0.93%	1.24%
Palo Alto Networks IncPANW	QYLG +0.31 points	0.90%	1.21%
Texas Instruments IncTXN	QYLG +0.30 points	0.90%	1.20%
Lam Research CorpLRCX	QYLG +0.30 points	0.89%	1.19%
Amgen IncAMGN	QYLG +0.29 points	0.88%	1.17%
Linde PLCLIN	QYLG +0.28 points	0.84%	1.12%
Crowdstrike Holdings IncCRWD	QYLG +0.27 points	0.78%	1.05%
Gilead Sciences IncGILD	QYLG +0.25 points	0.73%	0.98%
PepsiCo IncPEP	QYLG +0.23 points	0.68%	0.91%
KLA CorpKLAC	QYLG +0.21 points	0.64%	0.85%
Shopify IncSHOP	QYLG +0.21 points	0.64%	0.85%
QUALCOMM IncQCOM	QYLG +0.21 points	0.61%	0.82%
T-Mobile US IncTMUS	QYLG +0.21 points	0.61%	0.82%
Analog Devices IncADI	QYLG +0.21 points	0.62%	0.83%
Intuitive Surgical IncISRG	QYLG +0.20 points	0.56%	0.76%
Vertex Pharmaceuticals IncVRTX	QYLG +0.16 points	0.49%	0.65%
Sandisk CorpSNDK	QYLG +0.15 points	0.43%	0.58%
ASML Holding NVASML	QYLG +0.15 points	0.47%	0.62%
Marvell Technology IncMRVL	QYLG +0.14 points	0.44%	0.58%
Booking Holdings IncBKNG	QYLG +0.14 points	0.43%	0.57%
Starbucks CorpSBUX	QYLG +0.15 points	0.42%	0.57%
Automatic Data Processing IncADP	QYLG +0.14 points	0.43%	0.57%
AppLovin CorpAPP	QYLG +0.14 points	0.42%	0.56%
Marriott International Inc/MDMAR	QYLG +0.13 points	0.38%	0.51%
Seagate Technology Holdings PLCSTX	QYLG +0.12 points	0.37%	0.49%
Moderna IncMRNA	QYLG +0.12 points	0.36%	0.48%
Western Digital CorpWDC	QYLG +0.11 points	0.34%	0.45%
Intuit IncINTU	QYLG +0.11 points	0.33%	0.44%
Adobe IncADBE	QYLG +0.11 points	0.34%	0.45%
Regeneron Pharmaceuticals IncREGN	QYLG +0.11 points	0.32%	0.43%
Cadence Design Systems IncCDNS	QYLG +0.11 points	0.31%	0.42%
Constellation Energy CorpCEG	QYLG +0.11 points	0.31%	0.42%
CSX CorpCSX	QYLG +0.11 points	0.32%	0.43%
Fortinet IncFTNT	QYLG +0.10 points	0.31%	0.41%
Monster Beverage CorpMNST	QYLG +0.10 points	0.32%	0.42%
Synopsys IncSNPS	QYLG +0.11 points	0.30%	0.41%
Comcast CorpCMCSA	QYLG +0.10 points	0.30%	0.41%
Mondelez International IncMDLZ	QYLG +0.10 points	0.30%	0.40%
Cintas CorpCTAS	QYLG +0.10 points	0.31%	0.41%
Airbnb IncABNB	QYLG +0.10 points	0.28%	0.38%
ARM Holdings PLCARM	QYLG +0.09 points	0.27%	0.36%
MercadoLibre IncMELI	QYLG +0.09 points	0.27%	0.36%
O'Reilly Automotive IncORLY	QYLG +0.08 points	0.26%	0.34%
Ross Stores IncROST	QYLG +0.09 points	0.26%	0.35%
DoorDash IncDASH	QYLG +0.08 points	0.26%	0.34%
Honeywell International IncHON	QYLG +0.08 points	0.25%	0.33%
American Electric Power Co IncAEP	QYLG +0.08 points	0.24%	0.32%
NXP Semiconductors NVNXPI	QYLG +0.08 points	0.22%	0.30%
Fastenal CoFAST	QYLG +0.08 points	0.21%	0.29%
Monolithic Power Systems IncMPWR	QYLG +0.07 points	0.21%	0.28%
Datadog IncDDOG	QYLG +0.07 points	0.21%	0.28%
PDD Holdings IncPDD	QYLG +0.06 points	0.20%	0.26%
PACCAR IncPCAR	QYLG +0.07 points	0.19%	0.26%
IDEXX Laboratories IncIDXX	QYLG +0.06 points	0.19%	0.25%
Autodesk IncADSK	QYLG +0.06 points	0.19%	0.25%
Coca-Cola Europacific Partners PLCCCEP	QYLG +0.06 points	0.18%	0.24%
Baker Hughes CoBKR	QYLG +0.06 points	0.17%	0.23%
PayPal Holdings IncPYPL	QYLG +0.06 points	0.18%	0.24%
Roper Technologies IncROP	QYLG +0.05 points	0.17%	0.22%
Honeywell Aerospace IncHONA	QYLG +0.06 points	0.17%	0.23%
Keurig Dr Pepper IncKDP	QYLG +0.05 points	0.18%	0.23%
Xcel Energy IncXEL	QYLG +0.05 points	0.18%	0.23%
Strategy IncMSTR	QYLG +0.05 points	0.17%	0.22%
Diamondback Energy IncFANG	QYLG +0.05 points	0.18%	0.23%
Exelon CorpEXC	QYLG +0.05 points	0.17%	0.22%
Lumentum Holdings IncLITE	QYLG +0.05 points	0.17%	0.22%
Paychex IncPAYX	QYLG +0.05 points	0.15%	0.20%
Ferrovial NVFER	QYLG +0.05 points	0.15%	0.20%
Workday IncWDAY	QYLG +0.05 points	0.13%	0.18%
Take-Two Interactive Software IncTTWO	QYLG +0.05 points	0.14%	0.19%
Thomson Reuters CorpTRI	QYLG +0.04 points	0.15%	0.19%
Old Dominion Freight Line IncODFL	QYLG +0.05 points	0.12%	0.17%
Teradyne IncTER	QYLG +0.04 points	0.12%	0.16%
Microchip Technology IncMCHP	QYLG +0.04 points	0.11%	0.15%
GE HealthCare Technologies IncGEHC	QYLG +0.04 points	0.13%	0.17%
Astera Labs IncALAB	QYLG +0.03 points	0.12%	0.15%
Rocket Lab CorpRKLB	QYLG +0.04 points	0.11%	0.15%
Nebius Group NVNBIS	QYLG +0.03 points	0.11%	0.14%
Copart IncCPRT	QYLG +0.04 points	0.10%	0.14%
Dexcom IncDXCM	QYLG +0.03 points	0.11%	0.14%
Axon Enterprise IncAXON	QYLG +0.03 points	0.09%	0.12%
Alnylam Pharmaceuticals IncALNY	QYLG +0.03 points	0.07%	0.10%

All 122 QQA holdings⁠All 102 QYLG 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.

QQA vs QYLG Cost

Overpaying QYLG vs QQA

$1,174

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

QQA 0.29%
$5,952
QYLG 0.35%
$7,126

Amount$10,000

Years30 years

Cost over time

QQA 0.29%
QYLG 0.35%
Overpaying

Year by year

Year	QQA	QYLG	Overpaying
10	$527	$634	$107
20	$2,044	$2,454	$410
30	$5,952	$7,126	$1,174

Expense ratio

0.29%QQA, cheaper
0.35%QYLG

QQA0.29%QYLG0.35%

0.00%1.20%

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

QQA 2nd cheapest of 30 funds

QYLG 4th cheapest of 30 funds

QQA vs QYLG Dividends

Last 12 months to Nov 9, 2026

Yield (12M): QQA 10.66%; QYLG 17.65%, better
Payout (12M): QQA $5.62; QYLG $5.02
Last payment: QQA $0.47; QYLG $0.17
Ex-dividend: QQA Oct 19, 2026; QYLG Oct 19, 2026
Paid on: QQA Oct 23, 2026; QYLG Oct 22, 2026
Frequency: QQA Monthly; QYLG Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

QQAMonthly · 27 paymentsAll QQA payments⁠

QYLGMonthly · 47 paymentsAll QYLG payments⁠

QQA vs QYLG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: QQA 13.1%since Aug 2024QYLG 12.4%
Return per unit of riskSharpe ratio, 3 years: QQA 0.91since Aug 2024QYLG 1.27
Worst fallMax drawdown, 5 years: QQA −19.7%since Jul 2024QYLG −30.0%
Market sensitivityBeta, 5 years: QQA 0.96QYLG 0.94; Market = 1

QQA and QYLG in the news

All news⁠

Category Review
The four largest Nasdaq-100 income funds trailed the stocks by 0.9 to 5.8 percentage points
Updated Oct 2, 2026QYLG

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QQA vs QYLG

In short

Stated mandate

Why people hold it

Worth knowing

How QQA and QYLG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in QQA

Only in QYLG

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

The four largest Nasdaq-100 income funds trailed the stocks by 0.9 to 5.8 percentage points

How QQA and QYLG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in QQA

Only in QYLG

Weight gaps