Invesco QQQ Income Advantage ETF (QQA) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with QQA. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to QQA
QQA charges 0.29% annually. There are 4 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 29.05M | Nov 2024 | QQA vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 329.53M | Mar 2024 | QQA vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 46.39M | Sep 2024 | QQA vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | QQA vs FYEE | |
| Goldman Sachs S&P 500 Premium Income ETF | 0.29% | 5.01B | Oct 2023 | QQA vs GPIX |
Best Risk-Adjusted Alternatives to QQA
QQA has a PortfoliosLab risk / return rank of 61. There are 72 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SoFi Enhanced Yield ETF | 96 | 34.73M | Nov 2023 | QQA vs THTA | |
| Global X S&P 500 Covered Call ETF | 92 | 3.24B | Jun 2013 | QQA vs XYLD | |
| Invesco S&P 500 BuyWrite ETF | 92 | 358.08M | Dec 2007 | QQA vs PBP | |
| Simplify Treasury Option Income ETF | 91 | 489.70M | Oct 2022 | QQA vs BUCK | |
| Global X Russell 2000 Covered Call ETF | 90 | 1.37B | Apr 2019 | QQA vs RYLD |
Top Performing QQA Alternatives (YTD)
QQA is at 13.41% YTD. There are 65 ETFs in the Derivative Income category with higher YTD returns, going as high as 184.82%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 184.82% | 22.04M | Oct 2025 | QQA vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 175.61% | 114.09M | Jul 2025 | QQA vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 105.10% | 382.78M | Sep 2023 | QQA vs AMDY | |
| YieldMax Target 12™ Semiconductor Option Income ET... | 70.13% | 64.01M | Dec 2024 | QQA vs SOXY | |
| YieldMax MRNA Option Income Strategy ETF | 67.49% | 106.87M | Oct 2023 | QQA vs MRNY |
Lowest Volatility Alternatives to QQA
QQA has 15.41% 1-year volatility. There are 114 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.47%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.47% | 489.70M | Oct 2022 | QQA vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | 2.94% | 112.06M | Aug 2022 | QQA vs HYGW | |
| Janus Henderson Equity Linked Moderate Income ETF | 3.69% | — | Apr 2026 | QQA vs JELM | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.79% | 289.20M | Apr 2026 | QQA vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.83% | 90.28M | Feb 2025 | QQA vs HYTI |
Lowest Drawdown Alternatives to QQA
QQA has a 1-year max drawdown of -8.76%. There are 73 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.84%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -0.84% | 489.70M | Oct 2022 | QQA vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | -1.82% | 112.06M | Aug 2022 | QQA vs HYGW | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.28M | Feb 2025 | QQA vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.30B | Dec 2015 | QQA vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | QQA vs THTA |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, SPMO, QQQM and span 12 categories. AUM among these funds goes as high as $453B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 55 | 18.11% | 452.80B | Mar 1999 | QQA vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 50 | 27.25% | 21.05B | Oct 2015 | QQA vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 56 | 18.13% | 97.11B | Oct 2020 | QQA vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 73 | 15.91% | 96.96B | Apr 2003 | QQA vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 88 | 72.20% | 2.58B | Jun 2021 | QQA vs SOXQ | |
| Invesco S&P 500 Quality ETF | Quality Factor, S&P 500, Large Cap Blend Equities | 61 | 16.79% | 19.45B | Dec 2005 | QQA vs SPHQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 42 | 6.81% | 10.56B | May 2005 | QQA vs XLG | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Low Volatility | 47 | 13.31% | 4.04B | Oct 2012 | QQA vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 43 | 16.18% | 7.18B | Mar 2005 | QQA vs XMMO | |
| Invesco S&P International Developed Momentum ETF | Momentum, Foreign Large Cap Equities | 51 | 13.19% | 4.08B | Feb 2012 | QQA vs IDMO |
Often Compared With QQA
Investors most often compare QQA with QQQI, JEPQ, GPIQ. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare QQA with Any Fund or Stock
Compare QQA with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair QQA with funds that move differently
Invesco QQQ Income Advantage ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QQA.
Explore QQA Diversifiers